Will Coronavirus worsen economic slowdown?
Buddhist Monks and the Chinese Consul General Tang Guocai visiting Maximum City Mumbai were in for a shock at the start of the week when Union Minister and RPI Chief Ramdas Athawale gave them a crash-course in Coronavirus treatment.
Asian nations may have spent billions to restrict the deadly pandemic and may have certainly not thought of such a novel idea - a mantra. Who would have thought that curing and restricting Covid-19, the dreaded pandemic, was as easy as a mere chant - Go Corona! Corona Go! Go Go Go Corona!
The minister's Slowdown: Imports for Nov'19 slipped. Our exports aren't growing significantly. Latest numbers reflect a slow GDP growth. The Mantra here could be 'Slowdown, Go!'
Banking woes: The country took such a massive exercise (8th Nov'16) to curb black money and restrict cash. Subsequently, PNB got looted, PMC crashed, and YesBank became NoBank. Reports of laundering, black money, and soaring NPAs keep recurring. Ideally one should chant 'Black Money, Go!'
Dollar-Rupee: In early trade on Thursday, the Dollar gained against the Rupee. A costlier Dollar will make several items including smartphones expensive. 'Dollar, Go?'
Investor-Wealth: The BSE Sensex was off to a 29 month low and investors were staring at a damage estimated at Rs 10 lakh crores. The probable mantra to use here could be - 'Damage, Go!'
Have any better mantras? Share it in the comments section below - Comments, Come!
Cartoonist: Satish Acharya
Text: Sify Finance Desk