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Govt extends I-T compliance deadlines; exempts tax on COVID treatment cost, ex-gratia payments from employers

“In order to ensure that no income tax liability arises on this account, it has been decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from employer or from any person for treatment of Covid-19 during FY 2019-20 and subsequent years,” it added.

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U.S. approves Roche drug for emergency use against severe COVID-19

The drug can be used to treat patients who are receiving systemic corticosteroids and require supplemental oxygen, non-invasive or invasive mechanical ventilation, or extracorporeal membrane oxygenation, the FDA said, adding studies showed Actemra helped reduce the risk of death and speed recovery.
For months already, the medicine has been given to severely ill COVID-19 patients on a compassionate-use basis, generating hundreds of millions in sales for Roche.

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Pfizer halts distribution of anti-smoking drug after finding carcinogen

The drugmaker is recalling a number of lots of anti-smoking drugs. The U.S. drug regulator has in the past reached out to companies whose drugs had N-nitrosodimethylamine (NDMA) over accepted levels.

The Food and Drug Administration (FDA) last year found high levels of NDMA in some versions of the popular diabetes drug metformin. NDMA contamination was responsible for the recall of the heartburn drug Zantac sold by Sanofi SA in 2019.

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Third wave of coronavirus unlikely to be as severe as second wave: ICMR Study

Presenting a vaccine ramp-up scenario where 40 percent of the population has received two doses within three months of the second wave peak, and further that the effect of vaccination is (conservatively) to reduce severity of infection by 60 percent, the study said it illustrates how vaccination could substantially reduce the overall burden during the possible third wave.

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Oz, Israel were Covid success stories till Delta strain struck

In Australia, around a million people in four eastern and central Sydney neighbourhoods, which include Bondi Beach, were ordered to stay home for at least a week as total infections in an outbreak connected to the Delta variant topped 60. The lockdown is a shock for a population that had returned to relative normality after months of recording few cases.

Israel, which has prided itself on having one of the world’s most successful vaccination campaigns, has seen infections surge since dropping a requirement to wear masks in enclosed public places 10 days ago.

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Merchant ship crews still stuck at sea amid Pandemic

Some have been stranded for as long as 20 months, which contravenes the International Labor Organization’s Maritime Labour Convention, which allows a maximum of 11 monthsMore than 80% of world trade is transported by sea, meaning seafarers play a critical role in global commerce. The International Chamber of Shipping estimates that 200,000 are affected by travel restrictions, either stuck at sea or unable to leave home to get to their ships.

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