A prolonged lockdown may possibly push millions of Indians into the "margins of subsistence", former RBI Governor Duvvuri Subbarao said on Sunday while expecting a 'V' curved recovery once the COVID-19 crisis ends and the turnaround in India to be faster than some economies.

He was participating in a webinar on 'History repeats but differently – Lessons for the post Corona World', organised by the Manthan Foundation, in which former deputy governor of RBI, Usha Thorat took part.

"Because most analysts believe that this year India will actually have negative growth or growth will contract. We must remember that even ahead of the crisis two months ago our growth slowed. Now it has completely stopped. Last year growth was five per cent. Just imagine, five per cent growth last year and we are going to negative or zero growth this year, a decline of five per cent growth," he said. "It is true that India is going to perform in this crisis better than most other countries. But that is no consolation.... Because we are a very poor country and if the crisis persists and if the lockdown is not lifted soon enough, it is quite possible that millions of people will be pushed into the margins of subsistence, he said when asked about his views on the present situation.

Subbarao said that as predicted by analysts, India will have a V shaped recovery which is far better than most of the other countries. "And why do we expect a 'V' shaped recovery? Because unlike in a cyclone or in an earthquake, this is not a natural disaster constraint. No capital has been destroyed. Factories are standing. Our shops are still standing. Our people are ready to work as soon as the lockdown is lifted. So it is quite possible the recovery will be V shaped and while we have a V shaped recovery, I think India has a better chance than most of the countries," he opined.

According to him, India's recovery was faster than many other countries after the 2008 global financial crisis. On IMF's prediction that India may grow at 1.9 per cent during the current year against about five per cent in the last fiscal, Subbarao said many analysts feel that the
prediction is outdated and the growth in GDP may slip into negative. Agencies

826
Total no. of deaths due to the virus in India

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Filmmaker James Gunn recently revealed that neither of his upcoming movie -- 'Guardians of the Galaxy, Vol 3 nor 'The Suicide Squad' will be affected by delays due to the coronavirus crisis.

One of the director's fans in a question-answer session on the Twitter asked about the possibilities of pushing ahead 'Guardians of the Galaxy' vol 3, to which Gunn on Sunday replied: "Right now the plans with Vol 3 are also exactly the same as they were before coronavirus."

In another reply, the 53-year-old said: "Right now there's no reason for #TheSuicideSquad release date to move. We are on or ahead of schedule. We were extremely fortunate to wrap shooting & set up editing from our homes (due to a post-production team & studio with foresight) before quarantine."

The upcoming movie is a sequel to the original 2016 released 'Suicide Squad.'

Actors Margot Robbie, Joel Kinnaman, and Viola Davis will reprise their roles in the film alongside new cast members Taika Waititi, Peter Capaldi, Idris Elba, John Cena, Storm Reid, Pete Davidson, David Dastmalchian and Daniela Melchior.

The original 'Suicide Squad' was a box office success, grossing USD 746.8 million worldwide. The upcoming fantasy-action is expected to hit theatres on August 6, 2021.

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Warner Bros Studios' The Batman, starring Robert Pattinson as the DC superhero and directed by Matt Reeves, will now release in October, 2021. The film's production was put on halt in mid-March due to coronavirus outbreak and the studio has now announced that movie, which was earlier scheduled to hit the theatres on June 25, 2021, will now bow out on October 1, 2021.

According to Deadline, the studio has also rescheduled superhero movies 'The Flash' and 'Shazam2'. While 'The Flash' will open on June 2, 2022, instead of July 1, 'Shazam 2', earlier set to release on April 1, 2022, will now come out on November 4, 2022. Also, 'The Sopranos' feature prequel 'The Many Saints of Newark', originally dated for September 25 of this year, has now been shifted to March 12 next year.

Baz Luhrmann's untitled Elvis Presley movie, starring Tom Hanks, will now hit the theatres on November 5, 2021, a month after the originally planned release. As per the studio's new release calendar, Will Smith drama 'King Richard' will now bow out on November 19, 2021 instead of November 25 this year. Last month, Warner Bros Studios postponed the release of its much-awaited superhero movie 'Wonder Woman 1984' from June 5 to August 14.

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You always fall in love with those whom you want to be the part of your life. This is the only truth and only condition. When Aditya fallen in love with Pushpa, she thought that he only loves her. But she gets traumatized when she came to know that Aditya was in love with her only to get her money. He only wants money not Pushpa. Aditya wants Pushpa out of his way, so he takes the help of Shyam. But Shyam smartly get Pushpa in love with him and also get a hold on her. Shyam is so clever that its impossible for Aditya to remove Shyam from Pushpa’s life and her money. Now Aditya is helpless and feels like he lost Pushpa and her money as well. What Aditya will do now?

Former New Zealand skipper Brendon McCullum on Wednesday advocated for this year's T20 World Cup to be postponed to early next year, saying the currently-suspended IPL should take the mega-event's slot. The COVID-19 pandemic has halted all global sporting activities, jeopardising the T20 World Cup, scheduled in Australia from October 18-November 15, and also "indefinitely" suspending the 13th IPL, which was slated to begin on March 29. "I think the IPL will try and target that October window and the T20 World Cup will get pushed back," McCullum, the coach of IPL side Kolkata Knight Riders, told 'Sky Cricket Podcast'. There is also the women's ODI World Cup scheduled in New Zealand in February, 2021.

"That may mean the Women's World Cup gets pushed back but hopefully we get to see all three tournaments operate." McCullum said he neither sees the T20 World Cup happening without the stadium fans nor does he believe that teams from 16 nations will be able to travel to Australia in the wake of the pandemic, which has infected more than 20 lakh people globally. If IPL doesn't happen, none of the players or support staff get paid. The ICC's Chief Executives Committee (CEC) is set to meet on Thursday to discuss the financial implications of COVID-19 and also the contingency planning for all ICC global events, including the T20 World Cup, over a conference call. "For Australia to move 16 international teams plus all of their support staff and then broadcasters, seems a bridge too far. I can't see them playing the T20 World Cup behind closed doors either," McCullum said. "There may be a window a bit later in the new year of 2021 which could then open up a window for the IPL (in October and November). You'd have to move some overseas players for the IPL but with the broadcasters based in India, it is a lot easier to pull it all together. "The ICC and world cricket need crowds to operate but India can probably sustain things commercially behind closed doors because they are going to get so many eyeballs."

Former New Zealand seamer Simon Doull, who joined McCullum and Ian Smith on the podcast, also believes spectators will be important to get the revenues flowing from the T20 World Cup. "A lot of the ICC's revenue for down the track comes from the World Cups so they want as many people in the stands as possible," he said. "They would hate to see a T20 World Cup under lockdown where no one could go and watch and the atmosphere would probably be a little bit less." Doull also said ICC needs to decide how important is the T20 World Cup. "How important is the T20 World Cup? That the first question from an ICC point of view," he said. "Is it important enough to have private jets out of each county with cricket teams on them, two weeks in quarantine in Australia and then the tournament taking place, whether there are fans in the stands or not? Is it that important?".

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Canada's federal Government has announced that it will impose a carbon price in Ontario, New Brunswick, Manitoba, and Saskatchewan in 2019.

G7 finance ministers have said that there is an urgent need to address the tax challenges posed by the digitalization of the economy.

"Our technology goes beyond the sensor components of a traditional eye-tracking system, actually giving the user the power to control their device through eye-interaction," digitallook reported, quoting the company.

The United States has maintained foreign aid volumes through the aftermath of the global economic crisis and has visibly improved the focus and effectiveness of its development assistance. These trends should be maintained and reforms to the U.S. Agency for International Development should be consolidated, according to a new OECD Review.

Turkey’s economy has proven remarkably resilient in the face of a challenging global economic context. However, further action can be taken to raise productivity and advance the shift to a more balanced, sustainable and stronger growth path that will boost living standards for the entire population, according to the latest OECD Economic Survey of Turkey.

Major implementation milestones are being met by members of the world’s leading forum on tax transparency as the international community continues to move ahead towards greater tax transparency. The imminent shift to the automatic exchange of information will send a strong warning to tax evaders.

Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation, continuing a trend that started a couple of years ago, according to a new report from the OECD.

Finland’s economy is gradually picking up, but uncertainty surrounds the recovery. Determined action to implement structural reforms is needed to revive economic growth, restore competitiveness and preserve high standards of living and well-being, according to the OECD’s latest Economic Survey of Finland.

Turkey’s economy has proven remarkably resilient in the face of a challenging global economic context. However, further action can be taken to raise productivity and advance the shift to a more balanced, sustainable and stronger growth path that will boost living standards for the entire population, according to the latest OECD Economic Survey of Turkey.

On the occasion of the release of the OECD Due Diligence Guidance on Responsible Business Conduct, the OECD’s Tyler Gillard looks at how governments can encourage international standards of responsible business conduct in business activities and supply chains.

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