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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.

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