Recessions are part of economic cycles that inevitably follow periods of growth. Though recessions appear frequently, only some of them are severe. Whenever severe recessions occur, weak and leveraged businesses collapse. This causes economic turmoil that ripples through the country and the whole world in these times of globalised commerce. Supply chains collapse and large…

Recessions such as the present one caused by the pandemic affect both individuals and businesses, with the former losing jobs and income and facing hunger and uncertainty while the latter teeter at the edge of collapse and bankruptcy. And then the governments step in. In the earlier times governments rushed to the aid of larger…