In: Accounting
COVID-19 has caused a livelihood crisis for the daily wagers,
migrant workers, casual labourers, agriculture workers, self
employed as vendors and hawkers, taxi drivers, students and many
more. The campuses of the educational indstitutes are at a marked
at a high risk for transmission of virus. The active and diverse
populations in the colleges and universities make the measures of
“social distancing” difficult to enforce.
The outbreak of the Covid 19 has lead to a major disruption to
education across the globe, with majority of the universities,
colleges and schools moving to online-only instruction and
cancelling in-person classes. All these concerns are likely to
impact the financial future of higher education institutions in a
time of considerable instability in finances, both in the form of
potential reductions in revenue and unexpected increase in the
costs. Furthermore as the students are opting for the online-only
classes for instruction, they have additional problems that arise
on the quality of educational instruction that can be remotely
provided. The students face issues accessing an effective
technology including reliable high-speed internet and working
laptops. The students accustomed to learning on-campus are
expressing their sad concern over the social loss, interactive side
of education in educational campus