India's most affluent lender, Uday Kotak, has hired the authorities to consider reducing financial activity in a quote to cut the transmission chain of coronavirus at a time when India has actually become the coronavirus hotspot and surging cases have actually overwhelmed the health care system.

At this important point when toll of lives is increasing, CII advises the greatest nationwide actions including curtailing financial activity to minimize suffering, Uday Kotak, president of the Confederation of Indian Industry and chief executive of Kotak Mahindra Bank said in a tweet.Prime Minister Narendra Modi had actually enforced a strict lockdown in 2015, but has actually hesitated this year due to issues about the economic effect.

At least 11 states and union areas have actually imposed some form of restrictions due to the spiralling cases.Meanwhile, India reported more than 300,000 brand-new coronavirus cases for a twelfth straight day on Monday.

With 368,147 brand-new cases over the past 24 hr, India's overall coronavirus infections now stand at 19.93 million and total deaths are now at 2,18,959, health ministry information programs.