Canada India Foundation brings out its Newsletter Nov 2021 Vol 34 Issue #21
CIF E-Newsletter Volume 34 Issue #21 November 2021
Chair’s Message
Closer Canada India Cooperation in Technology Can Aid in Economic Recovery
Hello friends. Hope you had a great Diwali celebration. Compared to the one last year, held in the shadow of a Covid-19 wave that swept through Canada, we were able to mark the Festival of Lights with some degree of gaiety among friends and family. Let us be thankful for the changes in the Covid-19 environment, however small these improvements are.
Here, I would like to share with you a more important aspect of the pandemic that needs closer attention from society and government alike. Thanks to the very generous measures launched by the federal government, the most painful aspects of the pandemic were dulled, especially for the average citizens. The relief measures put into place, whether related to the terrible loss of employment, small businesses struggling due to the extended lockdowns were the right thing to do for a government faced with an emergency situation.
Now that we are entering a post-Covid-19 phase, there are signs that the hundreds of billions of dollars pumped into the national economy may produce some not so desirable side effects, just like most medicines. The inflation for October came in at 4.7%, a figure not seen since the early part of this century. Experts expect it to go up, even more, impacting businesses and households alike. A persistent state of inflation above the Bank of Canada’s control rate (1 to 3%) will be detrimental to the overall economy. (Read more)
India’s Growth Will Be a Pivotal Factor in World Economy — Peter Hall
Toronto: Peter Hall, Vice President and Chief Economist, Exports Development Canada, was the featured speaker on the CIF virtual platform on November 23 when he addressed key issues facing post-Covid-19 economies. Titled To Immunity and Beyond: The Global Economic Outlook and the Impact on Canada India Business, Hall provided a current economic update for Canada and the world, slowly emerging from the Covid-19 related slowdowns.
Introducing Peter Hall, Satish Thakkar, Chair, CIF, said, “It is a relief that there are signs of recovery across the globe. According to an IMF estimate, the world economy will grow by 6% this year and 4.9% next year. The growth rates are slightly lower, but comparable, for Canada. According to Export Development Canada, the organization that you represent here, Canada is predicted to register 4.9% growth this year and 4.4% next year. And we are here to learn from Peter what these figures mean and what could possibly derail the recovery and if we can do better. Even more importantly, he will share with us his thoughts on the impact of post-Covid-19 recovery on the Canada India business.”
CIF Marks World Ayurveda Day
Experts from Modern Medicine and Ayurveda Discuss Integrative Approach
Canada India Foundation marked the 6th World Ayurveda Day with a virtual session on November 06, 2021, that saw the participation of key researchers and policy advisors from Canada and India. In CIF’s continuing efforts to bring together the ancient Indian medicines system and modern medical practices, the topic of discussion was — An Integrative Approach to Metabolic Syndrome.
One of CIF’s key goals is to popularize the benefits of Ayurveda in Canada, pointed out CIF Chair, Satish Thakkar. He said, “In the past year and a half, we have hosted over twenty-four Ayurveda practitioners from across the world on the CIF Ayurveda Speakers virtual platform. They have contributed immensely to the promotion and better understanding of this most ancient of all medical systems. We didn’t want to stop there, we wanted to do more by creating evidence-based data that would cement the claims of Ayurveda in the modern context. In this regard, we were extremely fortunate to find an ideal partner in the University Health Network, Toronto, one of the world’s top teaching and research hospital groups. CIF along with UHN has launched a $1 Million research fund exclusively to explore the benefits of combining modern medicine with ancient systems like Ayurveda.” (Read more)
CIF Meetings
CIF Chair Mr. Satish Thakkar along with Dr. Lucky Lakshmanan and Mr. Vinod Vyas met Mr. Shuban Krishen, Consul (Com/Pol) & CSO, Consulate General of India, Toronto. They discussed the CIF’s different initiatives to promote Canada India relations with a special focus on exploring technology partnerships and cooperation.
Bharat Biotech’s Covaxin Wins WHO Approval
Indian scientists have cause to celebrate as Covaxin, a Covid-19 vaccine developed indigenously, has been approved by WHO for emergency use, despite initial skepticism. (Read more.)
From November 30, Canada to allow entry to people vaccinated with Covaxin
After the United States, its northern neighbor, Canada, too, has announced that it will allow entry to those jabbed with Covaxin, the made-in-India vaccine against the coronavirus disease (Covid-19). (Read more)
India Withdraws Farm Laws
Following a year-long stalemate over the controversial farm laws, the Indian Prime Minister announced the repeal of the laws and regretted that the laws were not accepted by a section of the farmers. (Read more.)
Indian Stocks poised for a 50-year Rally?
International investor, Mark Mobius, is committing half his funds to India, predicting a 50-year rally in Indian stocks. (Read more.)
India-UK Launch Global Green Grids Initiative
The United States threw its support behind the Global Green Grids initiative, proposed by India and the UK, for a faster transition to clean energy. (Read more.)
Canada India Foundation seeks to tie up with India’s NASSCOM
Toronto: in the first post-COVID high-level business visit from India, a 40 member delegation of IT companies is in Canada on an 11-day visit. (Read more)
Upcoming Events
Ayurveda Speaker Series Session 25
Fundamental Research For Ayurveda Modern Medicine Integration
Expert Speaker
Sunday, December 05, 2021
Time: 10:00am to 11:00am EDT
How do Ayurveda, Yoga, and other ancient Indian systems of health and wellness offer solutions to complex health problems including chronic diseases (obesity, diabetes, cardiovascular diseases, multiple sclerosis), changes in the human immune system, and aging-related changes? How observations in contemporary science are entirely consistent with assertions in the ancient Indian texts about wellness and achieving, maintaining, and improving this state? How refined, filtered and time-tested classical knowledge embodied in India’s ancient system of health and wellness not only informs the future but offers the best template for developing the much-needed new Science of Wellness.
CIF Members in News
Anil Shah among 2021 Top 25 Canadian Immigrant Award Winners!
…