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India’s fiscal response to COVID conservative, need large stimulus: Report

Azim Premji University’s .report, ‘State of Working India 2021: One Year of Covid-19,’ said the impacts of the second wave are still unfolding and may be as large, or larger than the first one.

Further, coming as it does on the back of depleted savings, debt, and reduced fallback options, the second wave can lead to potentially larger impacts on work, incomes, food security, health and education, the report said.

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COVID-19 resurgence bringing renewed challenges for India; GDP growth seen at 9.5 pc: Fitch

With 8.5 hospital beds per 10,000 population and eight physicians per 10,000, the country’s healthcare sector is not equipped for such a crisis. Hospitals across the country have filled to capacity and in addition to oxygen running out, intensive care units are operating at full capacity and nearly all in the country ventilators are in use.

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Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz

“The financial services sector faces a period of heightened risks. Covid-19 has caused one of the largest ever shocks to the global economy, triggering unprecedented economic and fiscal stimulus and record levels of government debt,” says Paul Schiavone, Global Industry Solutions Director Financial Services at AGCS. “Despite an improved economic outlook, considerable uncertainty remains. The threat of economic and market volatility still lies ahead while the sector is also increasingly needing to focus on so-called ‘non-financial’ risks such as cyber resilience, management of third parties and supply chains, as well as the impact of climate change and other Environmental Social and Governance (ESG) trends.”

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Be prepared for third Covid wave, have buffer stock of oxygen: SC to Centre

A bench of Justices D Y Chandrachud and M R Shah said: We need to prepare for the third surge of COVID-19 which may have altogether different parameters. We have to be ready for that. We have been reading that some experts have said that the third surge will be more harmful especially to children.

“We understand children are more resilient as compared to elders but we have to also consider that they themselves will not go to hospitals and their parents will have to take them making them vulnerable.

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Bees in the Netherlands trained to detect COVID-19 infections

It can take hours or days to get a COVID-19 test result, but the response from the bees is immediate. The method is also cheap, potentially making it useful for countries where tests are scarce, they said.

But Dirk de Graaf, a professor who studies bees, insects and animal immunology at Ghent University in Belgium, said he did not see the technique replacing more conventional forms of COVID-19 testing in the near future.

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Experts feel ‘herd immunity’ looking unlikely in US: Report

Herd immunity is a form of indirect protection from infectious diseases that can occur with some diseases when a sufficient percentage of a population has become immune to an infection, whether through vaccination or previous infections, thereby reducing the likelihood of infection for individuals who lack immunity.
According to The New York Times, the experts believe that the virus will most likely become a manageable threat that will continue to circulate in the US for years to come, still causing hospitalisations and deaths but in much smaller numbers.

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