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World experiencing worst recessions since Great Depression due to Covid: WB

Malpass said that the world was currently experiencing a K-shaped recovery.
For the developing countries, and especially the poorest developing countries, that downward leg in the K is an increasingly desperate recession or depression that is facing people in the poorest countries because of the loss of jobs, the loss of income, and also the loss of remittances coming from workers, working outside the country, Malpass said.

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Digital health ID can get Indian economy moving again, NHA chief 

Analysis of Big Data on health “will lead to better planning, budgeting and implementation for states and health programs, which should be a big cost optimizer,” said Indu Bhushan, chief executive officer of the National Health Authority, who compared the gains produced by the “new digital highway” to those from building physical infrastructure such as roads

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India’s peak holiday season set to send COVID-19 cases surging

“We will probably have more deaths out of starvation if the rural migratory population who flock to cities during the pujas and earn some money during the festivity are deprived of the opportunity,” said Subrata Mukherjee, a cabinet minister in the fourth-most populous state of West Bengal, which has one of India’s highest coronavirus caseloads.

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India to fall below Bangladesh in terms of per capita GDP in 2020

Going by the latest IMF estimate, India would be the third poorest nation in South Asia, with only Pakistan and Nepal reporting lower per capita GDP, whereas Bhutan, Bangladesh, Maldives, and Sri Lanka would outpace India.
However, India, Asia’s third-largest economy, is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 per cent, the IMF said.

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Eli Lilly pauses trial of antibody drug Trump touted as COVID-19 ‘cure’ over safety concern

“Out of an abundance of caution, the ACTIV-3 independent data safety monitoring board (DSMB) has recommended a pause in enrollment.Lilly is supportive of the decision by the independent DSMB to cautiously ensure the safety of the patients participating in this study,”,” Lilly spokeswoman Molly McCully said in an emailed statement. “

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World Bank approves $12B to finance Virus Vaccines, Care

The world’s richest countries have locked up most of the world’s potential vaccine supply through 2021, raising worries that poor and vulnerable communities will not be able to get the shots. Meanwhile, an ambitious international project to deliver coronavirus vaccines to the world’s poorest people, called Covax, is facing potential shortages of money, cargo planes, refrigeration and vaccines themselves.

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