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COVID-19: India records new daily high of 3,86,452 cases, 3,498 new fatalities
Registering a steady increase, the active cases have increased to 31,70,228 comprising 16.90 per cent of the total infections, while the national COVID-19 recovery rate has further dropped to 81.99 per cent.
India’s GDP to grow at 11% this fiscal, surge in COVID cases may put economic recovery at risk: ADB
For FY2022, India’s GDP is expected to expand at 7 per cent, it added.
China’s gross domestic product (GDP) is forecast to expand 8.1 per cent in 2021 and 5.5 per cent in 2022. East Asia’s GDP is expected to grow 7.4 per cent in 2021 and 5.1 per cent in 2022, it said.
Further, it said the gross domestic product (GDP) of South Asia is expected to rebound to 9.5 per cent this year, following a contraction of 6 per cent in 2020, before moderating to 6.6 per cent next year (2022), it said.
ADB said the economic growth in developing Asia is set to rebound to 7.3 per cent this year, supported by a healthy global recovery and an early progress on COVID-19 vaccines. The projected resurgence follows a 0.2 per cent contraction last year.
India’s second COVID-19 wave may impede economic recovery, says S&P
S&P, which has a long-term credit rating of ‘BBB-‘ on India, just one notch above junk, said it may have to revise its base-case assumption of 11% growth over fiscal 2021/2022, especially if wider containment measures are re-imposed.
Four patients die in fire at private hospital in Maharashtra’s Thane
Wednesday’s fire broke out at the Prime Criticare Hospital at Kausa-Mumbra locality at 3.40 am, the official said. There were no coronavirus patients in the hospital, he added.The incident comes five days after 15 coronavirus patients died in a blaze in the intensive care unit of a private hospital at Virar in the adjoining Palghar district.
India’s Covaxin vaccine ‘very important antidote’ against Covid: Dr Fauci
“This is something where we’re still gaining data on a daily basis. But the most recent data, was looking at convalescent Sera of COVID-19 cases and people who received the vaccine used in India, the Covaxin. It was found to neutralise the 617 variants,” he said.
UN offered its integrated supply chain to help India fight Covid: Spokesman
Farhan Haq, Deputy Spokesman for the UN chief said 11 help desks and on-site counselling activities on COVID-19 prevention and business continuity were set up by the UN Development Programme (UNDP), the UN Industrial Development Organization (UNIDO) and the International Labour Organisation (ILO) and these have benefitted over 140,000 employees.
UNIDO also developed an online platform to help companies bounce back from the crisis, tailored to smaller businesses, while ILO helped over 100,000 self-employed workers to access social security measures and training on safety and health.
White House considering intellectual property waiver for COVID-19 vaccines
Critics say waiving the WTO’s agreement on Trade-Related Aspects of Intellectual Property could reduce the safety of vaccines, and that setting up production in new places would sap resources needed to boost production in existing locations.
The United States and several other countries have thus far blocked negotiations at the World Trade Organization (WTO) about a proposal led by India and South Africa that would waive the IP rights of pharmaceutical companies to allow developing countries to produce COVID-19 vaccines.
Covishield, Covaxin effective against ‘Indian strain’ of coronavirus, study suggests
“Very preliminary but encouraging result: #Covishield protects against #B1617. Early results using in vitro neutralization assay show that both convalescent (prior infection) sera and Covishield vaccinated sera offer protection against the B.1.617 variant, aka #DoubleMutant,” CCMB Director Rakesh Mishra tweeted last week.
Maha lockdown to be extended by 15 days beyond Apr 30: Tope
In view of the alarming rise in the COVID-19 cases, the Maharashtra government on April 4 announced a weekend lockdown and restrictions on the movement of people in the night during the weekdays till April 30.
The government had also clamped other restrictions like the closure of private offices, theatres and salons to curb the unprecedented surge in the cases.
Indians rush for vaccines as coronavirus toll tops 200,000
“The situation is horrific, absolutely terrible … Everyone is afraid, every single person. People are afraid that if I am talking to a person, maybe I won’t get to talk to them tomorrow or in the near future,” New Delhi resident Manoj Garg said.