Containing the Coronavirus: Is India Prepared for the Coronavirus Outbreak? Are You Prepared?
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Containing the Coronavirus Is India Prepared for the Coronavirus Outbreak Are You Prepared- MoneyTap

Containing the Coronavirus: Is India Prepared for the Coronavirus Outbreak? Are You Prepared?

The coronavirus outbreak that began in Wuhan has brought the world to a standstill, urging the World Health Organization to officially declare it as a pandemic. The virus, which was initially known to be transmitted from animals to humans, is now confirmed for its human to human transmission. The spread of this virus is exponential, and as of today, there are no vaccines or antiviral drugs that can prevent or treat the infection. The cases of the infection continue to swell with over 1,80,000 confirmed cases reported globally out of which over 7,000 people have succumbed to the virus.

What Makes COVID-19 Coronavirus so Scary

What Makes COVID-19 Coronavirus so Scary- MoneyTap

Image Credit: https://www.wdbj7.com/content/news/Governor-Northams-daily-coronavirus-briefing-set-for-11-am-568958261.html (MGN)

Coronavirus is spread from person to person. When an infected person sneezes or coughs while a healthy person is in close proximity (within 6 feet apart), the virus can get into the healthy person’s system.

The virus once out of the infected person’s mouth (through sneeze or cough) cannot stay suspended in the air and descends quickly on objects in the vicinity of the patient. If healthy people touch the contaminated surface or object, they can get infected if they touch their contaminated hands to their nose, mouth or eyes.

The coronavirus can travel across villages, towns, cities, countries, and continents in just a few hours. It’s this speed in the transmission that makes this virus so deadly.

The spread of coronavirus COVID-19 will grow exponentially as long as:

  • there is at least one infected person in the population pool,
  • there is contact between infected and uninfected members of the population

What Is the Indian Government Doing to Contain the Coronavirus?

What Is the Indian Government Doing to Contain the Coronavirus- MoneyTap

Image Credit: https://www.who.int/

The state governments and Union territories took several preventive measures as follows to contain the spread of the disease:

  • The Indian government has recommended residents to avoid or postpone mass gatherings until the spread of COVID-19 is contained.
  • Most of the states in India have ordered the closure of public places, including cinema halls, shopping malls and schools. Many companies have introduced the work-from-home option for employees.
  • The government has suspended all visas till April 15 2020 (except a few categories such as diplomatic and employment).
  • The government is discouraging people from non-essential travel abroad. Visa-free travel facility granted to Overseas Citizenship of India (OCI) cardholders has been temporarily suspended till April 15 2020.
  • Travellers and Indian nationals arriving from worst-affected countries like China, Iran, Italy, Republic of Korea, Spain, France, and Germany are quarantined for a minimum period of 14 days.
  • Dedicated flu corners for the screening of suspected cases of COVID-19 are introduced across India.
  • India has prohibited the entry of any international cruise ship, passenger or crew with a history of travel to coronavirus-hit countries after February 1, 2020, to its major ports till March 31. Additionally, the international cruise ships would be allowed only at ports that have thermal screening facilities to screen crew members and passengers.
  • The government is using India’s massive mobile phone network to spread coronavirus awareness messages and on how to protect against the outbreak.
  • With cases reaching 114, the government banned travellers from EU, Turkey & UK from March 20.

Coronavirus-WHO-MoneyTap (3)

Image Credit: https://www.who.int/

How you can prepare for what’s coming: The road ahead

It’s important to be informed and aware of the virus. However, try to stay calm, maintain perspective and recognize what’s in your control.
Here’s what’s in your control:

  1. Wash your hands

  2. Wash your hands- Coronavirus-MoneyTap
     
    Image Credit: https://www.who.int/

    There’s only so much you can do in the midst of an event like this. So continue to diligently wash your hands with soap and water.

  3. Use sanitizers

  4. Use sanitizers-MoneyTap

    When you don’t have access to soap and water, use alcohol-based (at least 60%) hand sanitizer. Rub it in completely and wait for it to dry before using your hands again.

  5. Practice social distancing

  6. Practice social distancing- MoneyTap
     
    Image Credit: https://www.who.int/

    Social distancing can keep the virus from spreading around, protect the most vulnerable people, including immune-compromised people and the elderly. Here’s what you can do to socially distance yourself:

    • When an infected person exhales, coughs speaks or sneezes, the droplets travel for about 3 to 6 feet before they fall on the ground. So, try to stay at least 6 feet (about 2 meters) away from people.
    • Block your coughs or sneezes with a tissue. If tissue is not handy, sneeze or cough into your sleeve to ensure you do not direct your droplets towards people standing nearby.
    • If you have coughs and sneezes, it is advisable to stay at home as much as possible. Call your doctor if you want to get your symptoms checked.
    • If you are confirmed case of coronavirus illness or had been in close contact with a confirmed case, please stay at home, and don’t venture out, however, tempted you may feel.
    • Although not recommend, it’s OK to go to eat out if restaurants are open. However, go in a small group, and take a table far away from other people.
    • Try to go to supermarkets in the afternoons when there is less crowd. While at the supermarket, stay at least 6 feet away from other shoppers. And when you get home, ensure that you wash your hands with soap thoroughly.
    • Avoid going to gyms. Instead, go for walks, cycling or jogging.
    • Put off events such as weddings, family reunions and birthday parties for at least 8 weeks.
  7. Support others

  8. Support others- Coronavirus-MoneyTap

    Image Credit: https://www.who.int/

    Some of the things you can do to show your support to others:

    • If you can, use your money to help friends, family and your community.
    • Educate your house help and the less-fortunate people about coronavirus.
    • If you are ordering food from outside, make sure you understand the risk the delivery guy is taking to deliver food at your doorstep – so, sanitize your hands while receiving or signing for your parcel.
    • Consider setting some time aside to call or video chat with people you won’t be seeing as regularly as before.
  9. Buy only what you need

  10. Coronavirus-WHO-MoneyTap (2)

    Image Credit: https://www.who.int/

    Don’t indulge in panic buy. By buying in bulk of things you won’t need, you are actually depriving other people of things they really need. Don’t be the virus in the whole coronavirus saga. Be the bigger person here by not letting fear and greed be the reason for our downfall.

  11. Make smart investment decisions

  12. Coronavirus-WHO-MoneyTap (5)

    Image Credit: https://www.who.int/

    Currently, the stock market has crashed because of coronavirus. But the market will recover soon. This time could be the greatest time to put your money into stocks and a bad time to sell them. So, consider buying stocks in small chunks over the next two months. By the time the recovery sets in, you’ll be a lot richer.

  13. Increase your emergency savings

  14. Increase your emergency savings- Coronavirus- MoneyTap

    By far, your top financial priority now should be ensuring that you have a good amount of emergency fund. This becomes critically important because you may be asked to stay at home without paid sick leave. At times like this, you’ll need money to fall back on.
    Ideally, you need to have three to six months’ worth of expenses in your savings account.

    However, if you don’t have an emergency fund in place, it’s not the right time to panic. MoneyTap can help you get access to personal lines of credit or personal loans in the event where your income is affected by the outbreak.

MoneyTap

India’s first app-based credit line, MoneyTap is a Bangalore based business that lends money with flexible interest rates, making credit quick and easy.

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