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Eco/Invest/Demography

Dr Reddy’s gets DCGI nod to conduct Covid-19 vaccine phase 2/3 human trails

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said, “We are pleased to collaborate with the Indian regulators and in addition to Indian clinical trial data, we will provide safety and immunogenicity study from the Russian phase 3 clinical trial.This data will further strengthen the clinical development of Sputnik V vaccine in India.”

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PM cautions against complacency in COVID-19 fight; directs full preparedness for vaccine distribution

Modi further directed that keeping in view the geographical span and diversity of the country, the access to the vaccine should be ensured speedily.
National Expert Group on Vaccine Administration for COVID-19 (NEGVAC) in consultation with state governments and all relevant stakeholders have prepared and presented a detailed blueprint of vaccine storage, distribution, and administration.

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India’s COVID-19 infection tally crosses 74 lakh with 62,212 new cases

There are 7,95,087 active cases of coronavirus infection in the country which comprises 10.70 per cent of the total caseload, while the recoveries have surged to 65,24,595, according to the data.

The COVID-19 case fatality rate due COVID-19 was recorded at 1.52 per cent.
According to the Indian Council of Medical Research (ICMR), a cumulative total of 9,32,54,017 samples have been tested up to October 16 with 9,99,090 samples being tested on Friday

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India took host of measures to combat COVID-19 impact: Nirmala Sitharaman to World Bank

“Measures have been announced to provide relief to the business, bring about major reforms in the labour sector by simplifying, amalgamating and rationalising 44 central labour laws, provide effective social protection to the migrant workers through National Portability of ration cards,” she said, as per a statement issued by the finance ministry.

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8 million have slipped into Poverty in US since May as govt aid has dried up

The number of poor people has grown by eight million since May, according to researchers at Columbia University, after falling by four million at the pandemic’s start as a result of a $2 trillion emergency package known as the Cares Act.

Using a different definition of poverty, researchers from the University of Chicago and Notre Dame found that poverty has grown by six million people in the past three months, with circumstances worsening most for Black people and children.

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G7 officials vow to fight ransomware attacks; say stablecoin needs regulation

“The G7 continues to maintain that no global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements through appropriate design and by adhering to applicable standards,” the statement said.

Stablecoins are tied to a traditional currency or basket of assets, and used for payments or for storing value.

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