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Unvaccinated children suffering Covid-19 impact, Americas health agency warn

So far, the only vaccine approved by the WHO for adolescents is the Pfizer Inc shot, while Moderna Inc has asked for emergency use approval of its vaccine for 12-15-year-olds, according to PAHO Assistant Director Jarbas Barbosa.

He said China’s Sinovac Biotech and Sinopharm have also requested WHO approval or the use of their vaccines for adolescents and children from 3 to 17 years old.

EU pledges extra 4 billion euros in international climate finance

The EU already contributes $25 billion per year in climate finance, von der Leyen said.

Climate finance is expected to be a decisive issue at the United Nations’ COP26 summit in November, where world leaders will attempt to unlock commitments to cut emissions faster and stave off catastrophic climate change. With seven weeks to go until COP26, finance remains a sore point.

Household debt may have declined to 34% in Q1 FY22: SBI report

In absolute numbers, the household debt has increased to Rs 75 lakh crore in the first quarter of FY22 from Rs 73.59 lakh crore in FY21, it said.

It said the recently released India Debt & Investment Survey (AIDIS) report for 2018 showed an increase in the average amount of debt among rural as well as urban households between 2012 and 2018.

The average amount of debt increased by 84 per cent and 42 per cent, respectively, for rural and urban households for the six-year period ended 2018, the SBI research report said.

LIC may be valued around $109-bn for its mega IPO

The government is considering selling a 5%-10% stake in the company, which could raise between Rs 40,000 crore and Rs 1 trillion, according to people with knowledge of the matter, who asked not to be identified as the matter is private.

The potential valuation is based on preliminary talks and may change after further discussions, due diligence and an official valuation report, the people said. A spokesperson for the finance ministry declined to comment.

Cabinet clears auto PLI scheme for EVs, hydrogen fuel cell vehicles

This PLI scheme for automotive sector along with the already launched PLI scheme for Advanced Chemistry Cell (Rs 18,100 crore) and Faster Adaption of Manufacturing of Electric Vehicles (Rs 10,000 crore) will enable India to leapfrog from traditional fossil fuel-based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient Electric Vehicles (EV) based system.

India top source of social media misinformation on COVID-19: Study

The study, “Prevalence and Source Analysis of COVID-19 Misinformation in 138 Countries”, was published in Sage’s International Federation of Library Associations and Institutions journal.
“Social media (84.94 per cent) produces the largest amount of misinformation, and the internet (90.5 per cent) as a whole is responsible for most of the COVID-19 misinformation. Moreover, Facebook alone produces 66.87 per cent of the misinformation among all social media platforms,” it stated.

Earlier, the World Health Organisation had also warned that false information on COVID-19 is spreading and putting people in danger.

Yellen, Harris to push childcare investments as boost for overall economy

Congress is considering a $3.5 trillion package of measures that would include free preschool for all 3- and 4-year olds; boost pay for childcare workers, 95% of whom are women; cut the costs of such care in half for most families; and make permanent a child and dependent care tax credit.
“A well-funded child care sector will help parents remain in the labor force, work the number of hours and schedule that are best for their career and family, earn a living and join in our shared economic prosperity,” it said.

Experts say sepsis will be more fatal than cancer and heart attack

The study also revealed that India has a higher death rate from sepsis, a life-threatening organ dysfunction response to infections, than other South Asian countries except Afghanistan.

“Sepsis will kill more people than cancer or heart attack by 2050 — it is going to be the biggest killer. Also in developing countries like India, multi-drug resistance due to gross overuse of antibiotics is probably causing a higher mortality,” said Yatin Mehta, Chairman, Institute of Critical Care and Anaesthesiology, Medanta — The Medicity, Gurugram.