Indo Canada Chamber of Commerce - ICCC Newsletter

ICCC Newsletter - April 2020

15 Apr 2020 9:00 AM | Anonymous

President's Message

By Pramod Goyal

Impact of COVID-19

The COVID-19 pandemic has taken monstrous dimensions with the global lockdown nowhere near an end. Its economic costs are enormous. Globally, the International Monetary Fund calculates that countries have taken fiscal actions amounting to about $8 trillion to contain the pandemic and its damage to the economy.

Thursday Talks

Earlier this month, we launched the Thursday Talks Webinar Series. In the inaugural webinar we discussed the impact of COVID-19 on small business. The response was overwhelming, and we are holding a second session on the subject again this week.

ICCC’s Thursday Talks webinar series will become a platform to discuss the fallout of the pandemic on different sectors.

Awards Nomination

We have extended the deadline of the submission of nominations to the ICCC Annual Awards from 7 April to 7 May. I urge all of you to take advantage of this extension and nominate Indo-Canadian achievers for the nine open categories of ICCC’s Annual Awards.

Read the full message, click here: President's Message

In the News

ICCC Launches Small Business Assist Program

Read more, click here: In the News

Programs and Events

Indo-Canada Chamber of Commerce has cancelled all programs until further notice because of the social distancing requirement imposed by the provincial government in Ontario to prevent the spread of COVID-19. To continue engaging our members, stakeholders and sponsors, we launched ICCC's Thursday Talks Webinar Series in April 2020. The response to our first Webinar was overwhelming.

ICCC's Thursday Talks

COVID-19 & Small Business - 2

Time: 4:30 pm to 6:00 pm

Date: Thursday 16 April 2020

Register: Thursday Talks

Past Events

ICCC Thursday Talks

COVID-19 & Small Business

The first-ever webinar of the Indo-Canada Chamber of Commerce (ICCC) received an overwhelming response from members and stakeholders. Held on Thursday 9 April 2020, the level and the quality of participation was superlative and thought-provoking.

The panelists and speakers at the webinar on ‘COVID-19 and Small Business’ comprised experts in the field of finance, taxation and public policy and included

Pramod Goyal, President, ICCC, and President & CEO, Canadawide Financial Corporation Ltd.
Sanjay Kulkarni, Vice President, Finance, ICCC, and a seasoned operationally oriented Finance Executive
Sanjay Chadha, Senior Advisor to ICCC, and Partner, SAV Associates Chartered Professional Accountants
Dharma Jain, Past President, ICCC, and Principal, DP Jain Professional Corporation

All of them are business consultants and financial advisors for small businesses and corporations.

Vijay Thomas, Vice President, International Trade & IT, ICCC, moderated the discussion.

Read more, click here: Programs and Events

Insight

The Great Lockdown

The worst economic crisis since the Great Depression

By Gita Gopinath

Chief Economist International Monetary Fund

The world has changed dramatically in the three months since our last update of the World Economic Outlook in January. A rare disaster, a coronavirus pandemic, has resulted in a tragically large number of human lives being lost. As countries implement necessary quarantines and social distancing practices to contain the pandemic, the world has been put in a Great Lockdown. The magnitude and speed of collapse in activity that has followed is unlike anything experienced in our lifetimes.

This is a crisis like no other, and there is substantial uncertainty about its impact on people’s lives and livelihoods. A lot depends on the epidemiology of the virus, the effectiveness of containment measures, and the development of therapeutics and vaccines, all of which are hard to predict. In addition, many countries now face multiple crises—a health crisis, a financial crisis, and a collapse in commodity prices, which interact in complex ways. Policymakers are providing unprecedented support to households, firms, and financial markets, and, while this is crucial for a strong recovery, there is considerable uncertainty about what the economic landscape will look like when we emerge from this lockdown.

Read more, click here: IMF's World Economic Outlook

Money Talk

By Rakesh Vijay

6 things to know
to weather
a market downturn

The financial
planning crunch