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World Bank projects India’s economic growth between 7.5 pc – 12 pc, expecting a better growth rate: Tarun Bajaj
“World Bank has said that our growth rate will be between 7.5 per cent – 12 per cent. Not just rating agencies, IMF said that our growth rate will be between 11 per cent to 11.5 per cent, it also has to do with low base effect, hence economy will grow. We expect a better growth rate this year,” said Revenue, and Department of Economic Affairs Secretary, Tarun Bajaj .
India’s on its way to become the world’s pharmaceutical hub
At present, India is the largest provider of generic drugs globally. Indian pharma companies cater to over half of the global demand for various vaccines, along with 40 per cent of generic drugs demand in the US.
Notably, data from container logistics company Maersk showed that among the refrigerated cargo, pharmaceuticals export out of India rose steeply during 2020, with Q4 alone recording 47 per cent higher volumes as compared to the same period in 2019.
COVID-19: India records 72,330 new cases, highest single day rise
Registering a steady increase for the 22nd day in row, the active cases have increased to 5,84,055 comprising 4.78 per cent of the total infections, while the recovery rate has further dropped to 93.89 per cent, the data stated.
WEF’s gender gap index: India slips 28 places, ranks 140 among 156 countries
Noting that the decline also took place on the economic participation and opportunity subindex, albeit to a lesser extent, the report said India’s gender gap on this dimension widened by 3 per cent this year, leading to a 32.6 per cent gap closed till date.
India AstraZeneca shot delay could be ‘catastrophic’ for Africa: health official
The African Union had planned to vaccinate 30-35% of the continent’s population by the end of the year he said. “If the vaccines are delayed we are unlikely to meet our target,” he added.
That AU target primarily relies on supplies from the global COVAX vaccine-sharing facility, through which 64 poorer countries including many in Africa are supposed to get doses from the SII. COVAX aims to provide enough shots for African countries to inoculate at least 20% of their populations.
Mumbai logs record 8,646 new COVID-19 cases, 18 deaths
India launches COVID-19 vaccination for all people above 45, year’s highest single day rise of 72,330 new cases reported
According to the health ministry, Maharashtra, Chhattisgarh, Karnataka, Punjab, Kerala, Tamil Nadu, Gujarat and Madhya Pradesh continue to show a steep rise in the COVID daily new cases accounting for 84.61 per cent of the new cases reported in a span of 24 hours.
Maharashtra has reported the highest daily new cases at 39,544. It is followed by Chhattisgarh with 4,563 while Karnataka reported 4,225 new cases. India’s active caseload has reached 5,84,055 and now comprises 4.78 per cent of the country’s total infections. A net rise of 31,489 cases has been recorded in the total active caseload in a span of 24 hours.
Coronavirus pandemic to shave 3% off global output in medium term: IMF
The IMF said the prospects for “scarring” from the current crisis remained substantial, even if systemic financial stress and the associated long-lasting economic damage had been largely avoided due to the unprecedented policy actions taken.
The path to recovery remained challenging, especially for countries with limited fiscal resources, the IMF said in a blog post based on its updated World Economic Outlook.
No Sputnik V approval yet, SEC asks Dr Reddy’s for more data on vax
The Hyderabad-based pharma major had applied for its emergency licensure on February 19. The Committee looked into Dr. Reddy’s application, on Thursday. Sputnik V has not received the emergency use authorisation yet, as the SEC has sought additional data, according to top sources.
Rajasthan launches health insurance scheme for all claims it to be a first
The state began the registration for Chiranjeevi Health Insurance Scheme, announced by Chief Minister Ashok Gehlot in the state budget 2021-22.
“Rajasthan has become the first state in the country, where each family will get health insurance of Rs 5 lakh each year. People can get registered and be assured of cashless treatment,” Gehlot claimed in a tweet