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As demand picks steam in Sep, Indian economy’s animal spirits soar

Economists, including those at the Reserve Bank of India, attributed the recovery to pent-up demand after a strict lockdown imposed in March to contain the coronavirus outbreak hit the consumption of goods and services. While inventory re-stocking will underpin business activity in the coming months, the improvement might still not be enough to prevent Asia’s third-largest economy from contracting in the financial year to March 2021.

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Cadila scouts partners to ramp up Covid vaccine production by 50 to 70 mn

The Ahmedabad-based firm is looking to hire contract manufacturers for an additional 50 million to 70 million doses of its plasmid DNA vaccine, on top of the 100 million that will come from its own capacity, according to Managing Director Sharvil Patel. He declined to name the companies and the amount Cadila has invested in developing the vaccine.
“We’re just waiting for phase II to push that part of the process,” Patel, the 42-year-old, third-generation head of family-owned Cadila, said

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After over 3 months, less than 40k COVID cases reported in single day across country: Govt data

A total of 72,01,070 people have recuperated from COVID-19 so far, pushing the?national recovery rate to 90.62 per cent while the case fatality rate stands at 1.50 per cent.

The number of active cases of coronavirus infection has remained below 7 lakh for five days in a row

There are 6,25,857 active cases of coronavirus infection in the country as on date which comprises 7.88 per cent of the total caseload,the data stated.

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EU warns not enough COVID vaccines for all in Europe until 2022

Given a likely limited supply, the Commission has for months urged EU governments to devise vaccination plans that would prioritise vulnerable and essential groups, such as healthcare workers, the elderly or people with chronic diseases.

But apart from a consensus on inoculating doctors and nurses, “there is no common line on other groups,” the Commission official said at the internal meeting this week.

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Epidemic & Pandemic insurance contracts less ambiguous in Asia:Peak Re CEO

“Specifically, when you look at COVID-19, this part of the world is going through its fifth epidemic this century, and this century is only 20 years old. There are much less problems on the wordings side in respect of pandemics in Asia,” Franz-Josef Hahn, chief executive officer, Peak Re said.

Looking ahead to January 1, 2021 renewals,Hahn highlighted that the period represents a chance for reinsurers to “correct pricing” – a move he believes necessary for the development of a “sustainable” marketplace. Otherwise, [the marketplace] is not going to go any further and no capacity will be provided any longer,” .

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India economy on verge of slow recovery as worst is over, says PHDCCI

Demand creation will have a significant effect on the enhanced production sentiments of producers,increased investments and employment creation. Investments in the infrastructure will refuel the growth trajectory with increased demand for commodities such as steel, cement and power which in turn will rejuvenate private investments and create new employment opportunities in the country,said PHDCCI President Sanjay Aggarwal

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