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India hospital virus vaccine shock India

Time for businesses to shore up capital, says Uday Kotak

India hospital virus vaccine shock
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livemint.com:

How do you see recovery in the current context?We should take a cue from the capital markets. If you talk to analysts and investors in capital markets, corporate earnings for 2020-21 are a washout.

They would say we are focussing on earnings of fiscal years 2021-22 and 2022-23. We have to use similar lens with respect to GDP.

The fact is that the biggest shock of the century is in front of us. The shock isn’t going away. Virus is remaining, there is no cure, and the vaccine is far away.

Lockdown is complicated and getting out of lockdown has economic costs. If you look at the GDP growth for the current year, we had a complete close-down for the month of April.

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Justin Trudeau - Alberta - Allan Adam - Trudeau says he’s ‘deeply alarmed’ by video of Northern Alberta First Nations chief’s arrest by RCMP - globalnews.ca - county Canadian - Ottawa, county Canadian
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Trudeau says he’s ‘deeply alarmed’ by video of Northern Alberta First Nations chief’s arrest by RCMP
Chief Allan Adam of the Athabascan Chipewyan First Nation provided some video evidence Saturday of a beating he says he took from two RCMP officers who allegedly apprehended the chief for an expired vehicle licence plate tag. Speaking outside Rideau Cottage in Ottawa, Canadian Prime Minister Justin Trudeau said he was “deeply alarmed” by video of the Chief’s treatment at RCMP officer’s hands.
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