Active Stocks
Thu Mar 28 2024 15:48:07
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ News / India/  Uday Kotak suggests lockdown to 'reduce suffering' inflicted by covid 2nd wave
BackBack

Uday Kotak suggests lockdown to 'reduce suffering' inflicted by covid 2nd wave

India’s wealthiest banker, Uday Kotak, implored authorities to consider curbing economic activity in a bid to counter the coronavirus crisis.

A file photo of Uday Kotak, founder of Kotak Mahindra Bank. Photo: Abhijit Bhatlekar/MintPremium
A file photo of Uday Kotak, founder of Kotak Mahindra Bank. Photo: Abhijit Bhatlekar/Mint

India’s wealthiest banker, Uday Kotak, implored authorities to consider curbing economic activity in a bid to counter the coronavirus crisis.

India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day, taking its overall caseload to just shy of 20 million, while deaths from COVID-19 rose by 3,417.

“At this critical juncture when toll of lives is rising, CII urges the strongest national steps including curtailing economic activity to reduce suffering," Kotak, president of the Confederation of Indian Industry and chief executive of Kotak Mahindra Bank Ltd, India’s third-largest lender by market value, said in a tweet.

Other CII suggestions included:

  • Deploy armed forces and security personnel for logistics, infrastructure
  • Set up temporary medical facilities with army and other paramilitary forces
  • Tap retired doctors and nurses and trainees who are awaiting exam results

“Our maxim should be ‘no one is safe, unless everyone is safe," he said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 03 May 2021, 07:08 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App