The drop in coronavirus numbers assumes significance as several countries across the world are experiencing a second and in some cases even third wave of Covid-19 virus.
The funds are part of an $800 million initiative that Google announced in March last year in response to the pandemic. Indian companies will get $15 million of this.
If everything goes according to plan, India will be able to reap the fruits of its favourable demography over 2030s and 2040s, before she loses that edge in the 2050s, according to economists.
On September 16 last year, India reported a record 97,894 coronavirus cases. Nearly four-and-half months later, on Feb 2, India registered 8,635 new cases. The drop in Covid numbers assumes significance as several countries are experiencing a second and in some cases even third wave of Covid-19 virus. Scientists have proposed numerous theories to explain this unprecedented fall.
During the lockdown, people were forced to make do with less. Now, some are carrying on with this life lesson, cutting down on city life, eating out, new clothes.
Crowds were gone from the Australian Open on Saturday because of a five-day hard lockdown imposed by the state government to contain an outbreak of COVID-19 cases. And with the lack of fans, players were faced with an all-too-familiar feeling: a distinct lack of buzz.
India saw the world’s second-largest Covid-19 outbreak, necessitating back-to-back lockdowns and local shutdowns, which hit trade. Fashion was among the worst-hit segments. Retailers continue to grapple with low footfalls in high-street stores and malls despite the eventual easing of curbs.
"These findings show encouraging signs infections are now heading in the right direction across the country, but we must not drop our guard," said UK Health Secretary Matt Hancock.
“We are also watching India's vaccination campaign very closely to see how well India can mitigate the lurking risks associated with the pandemic as well as new, more transmissible and potentially resistant strains of the SARS-CoV-2 virus,” said Andrew Wood, its director of sovereign and international public finance ratings.
"Our results suggest that the COVID-19 virus may awaken an antibody response that existed in humans prior to our current pandemic, meaning that we might already have some degree of pre-existing immunity to this virus," said John Altin, a co-author of the study from the Translational Genomics Research Institute (TGen) in the US.
"We did not ask for it. It is not a necessity now in this pandemic period. If they had constructed a hospital and cut our funds for five years (for such purpose), I would have gladly given it," said the Lok Sabha member from Baramati in Maharashtra.
Technology was a lifeline during the coronavirus pandemic, and has forever changed expectations and behaviours by creating entirely new realities across industries, according to the Accenture Technology Vision 2021 report.
The winter session of parliament usually starts from the last week of November or the first week of December, while the budget session starts from the last week of January and the Union Budget is tabled on February 1.
This yen loan is the latest addition to Japan’s supports to India in its fight against COVID-19. After the outbreak of the pandemic, of Japan provided swift assistance to India.
With some sectors recovering much faster than others, experts said top executives of some companies may get decent salary increases while some others may have to take a pay cut.
Who gained, who lost? ETtech takes stock of the changing startup fortunes in a pandemic-marred year.
The study, backed by 7 million pound of government funding, will determine the effects of using different vaccines for the first and second dose - for example, using Oxford University/AstraZeneca's vaccine for the first dose, followed by Pfizer/BioNTech's vaccine for the second.
Those who practised Yoga during Covid lockdown reported lower stress, depression and anxiety, study shows
The long term Yoga practitioners had highest peace of mind.
Government experts maintain that the Indian economy will come back to pre-Covid levels by the next financial year (2021-22) as it is recovering faster than expected. The committee, headed by former minister and BJP MP Jayant Sinha, has decided to prioritise the long-term impact of Covid-19 on the global economy.
With just six months until the virus-postponed Tokyo Olympics are due to begin, the capital and other regions are currently under a state of emergency in an attempt to quell a record spike in Covid-19 infections.
PM Modi holds virtual summit with Italian counterpart; discusses ways to deal with adverse impact of COVID-19
In his opening remarks at the virtual bilateral summit with the Italian leader, Modi said it is clear that the COVID-19 epidemic will remain a watershed in history just like the Second World War.
The limited data available suggests the vaccines will at least partly reduce transmission, and the studies to determine this with more clarity are underway. There should be more data within the next couple of months. Until then, precautionary measures like masking and distancing in the presence of unvaccinated people will remain important.
Researchers in Brazil said it was 50.4% effective at preventing symptomatic infections, barely enough for regulatory approval and below the 78% announced a week earlier.
In its Global Financial Stability update released on Wednesday, the International Monetary Fund underlined that until the coronavirus vaccines are widely available, the market rally and the economic recovery remain predicated on continued monetary and fiscal policy support.
The UN Secretary-General also expressed hope that India will have all instruments necessary to play a major role in ensuring a global vaccination campaign becomes possible as the world fights the pandemic.
It triggers a response against three major types of human respiratory viruses, including Covid.
On Saturday, the coronavirus cases in the country surpassed the 10 million mark with 25,152 new infections. However, the virus in the country, which peaked in September, seems to be abating. The imminent arrival of the Covid-19 vaccine has also infused fresh hopes that the pandemic which has claimed 145k lives across the world is on its way out.
An NRI stranded in India due to coronavirus travel restrictions would require to check the conditions to decide whether there could be additional tax implications on him due to remotely working from India for his/her foreign employer.
The United States remains under siege from the health crisis, but with new vaccines being distributed and inoculations running at more than 1.5 million each day, the economy is expected to run hotter this year.
The Reserve Bank of India (RBI)’s Monetary Policy Committee on Friday left interest rates unchanged for the third straight time as inflation remained sticky. The central bank said the economy was recuperating fast and may return to positive growth as early as the ongoing quarter. The six-member MPC retained its accommodative stance, signaling intentions to cut interest rates whenever the situation permits. What does the decision mean for the bond market, and what can we expect from the central bank going ahead as the economy is gradually healing from the impact of the Covid-19 pandemic? We caught up with Lakshmi Iyer, CIO-Fixed Income & Head-Products of Kotak Mahindra Asset Management Co, to understand her thoughts.How will RBI MPC decision impact the bond market?
Speaking at a press conference, the WHO's regional director for Europe Hans Kluge, called the current situation "a tipping-point in the course of the pandemic," as Europe was both challenged by surging cases and new strains of the virus causing Covid-19.
Notably, these Indian cabin crew members were hired as part of Lufthansa’s ‘more Indian than you think’ campaign, where the airline advertised its services to attract Indian fliers. The campaign did work for the airline and the airline was, before COVId impacted travel across the globe, one of the largest international airline in and out of India.
India took 'very decisive' steps to deal with coronavirus pandemic and its economic consequences: IMF chief
The IMF Managing Director during a global media roundtable on Thursday predicted a less bad outlook for India in the upcoming World Economic Update due to the steps taken by it.
The researchers found that virus-specific antibodies do persist in the bloodstream months after infection.
From the U.S. to the Norway, vociferous debates over the efficacy and safety of Covid-19 vaccines have beset pharmaceutical giants like Pfizer Inc. and AstraZeneca Plc and governments the world over are battling anti-vaccine sentiment.
The Eurostat figures for December gave the 19-nation zone an inflation reading of minus 0.3 percent, the same level as in November. It has been negative since August.
Ghosh, 65, is a professor of economics at University of Massachusetts Amherst. She has taught economics at Jawaharlal Nehru University for nearly 35 years and has authored several books.
At least 20 countries have approved the inoculation for use, including European Union member-state Hungary, while key markets such as Brazil and India are close to authorizing it. Now Russia is setting its sights on the prized EU market as the bloc struggles with its vaccination program amid supply shortages.
COVID-19 impact: Door-to-door survey to enroll students, relaxing detention norms recommended by Education Ministry
The ministry has also recommended relaxing detention norms to prevent drop-outs this year as well as a slew of measures to address learning loss due to the coronavirus-induced shutdown of schools.
More than any event in memory, the pandemic has been a global event. On every continent, households have felt its devastation, joblessness and lockdowns, infirmity and death.
Consumers have become more demanding of digital experiences. The pandemic has only amplified the need for easy access to banking products, services and information.
PR Professionals has consistently gone out of its way to help out others.
The government said this before a bench headed by Justice Ashok Bhushan which reserved order on a plea seeking directions to do away with the practice of pasting posters outside the homes of those infected by coronavirus.
Covid-19 resulted in jobs moving away from high labour productive sectors to agri, construction: CMIE
Data from the Consumer Pyramids Household Survey of CMIE shows employment in agriculture shot up and touched its peak in July and August at 160 million resulting in total employment in the sector in the quarter ended on September 30 at 158 million, which is 5.5% higher than the corresponding quarter a year ago.
Foreign Secretary Harsh Vardhan Shringla, addressing a lecture hosted by the Asian Institute of Diplomacy and International Affairs (AIDIA), a Kathmandu-based non-partisan foreign policy think-tank, said that India is "on the cusp of the availability of a vaccine for the novel coronavirus".
Tedros Adhanom Ghebreyesus also condemned the "dangerously short-sighted" cycle of throwing cash at outbreaks but doing nothing to prepare for the next one, in a video message marking Sunday's first International Day of Epidemic Preparedness.
According to a Max Life survey there has been a sharp rise in purchase of critical illness insurance plans. It also found that self-employed have higher protection than salaried. Here are more such findings from the survey.
Coronavirus seeps into TV plots. 'Grey's Anatomy', 'This Is Us' to weave impact of pandemic into storylines
Other medical shows like ABC's 'The Good Doctor' have already tackled the virus.
The UAE economy is expected to shrink by 6.6% this year, the International Monetary Fund (IMF) has estimated, as vital sectors such as transportation and tourism have been badly hit by the coronavirus.
The UNAIDS is calling on countries to make far greater investments in global pandemic responses and adopt a new set of bold, ambitious but achievable HIV targets. If those targets are met, the world will be back on track to ending AIDS as a public health threat by 2030.
On the other hand, the company said "COVID obsessive" categories such as hand sanitisers and hand wash which saw a sharp surge during the pandemic are also expected to normalise this year. Hand sanitiser category surged 16 times in 2020 compared to 2019, while the hand wash category grew 1.5 times last year.
Despite the widespread experiment of work-from-home by corporates and relatively lower proportion of employees working out of the business and IT parks, there has been no material impact on rental collections and occupancy till date.
The preliminary study on the impact of the new mutation of the SARS-Cov-2 in severity of the disease said majority of the cases found of this variant came from residents in private dwellings, and the variant cases were most likely to be part of residential cluster.
China clamps down in hidden hunt for coronavirus origins, promoting theories that Covid originated elsewhere
The government is monitoring scientists' findings and mandating that the publication of any research first be approved by a new task force managed by China's cabinet under direct orders from President Xi Jinping, according to internal documents obtained by The AP. A rare leak from within the government, the dozens of pages of unpublished documents confirm what many have long suspected: The clampdown comes from the top.
The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers' Index (PMI) rose to 54.7 in November from 51.0 in October. The 50.0 mark separates growth from contraction.
As per the report, titled Asia–Pacific Employment and Social Outlook 2020: Navigating the crisis towards a human-centred future of work, overall labour income is estimated to have fallen by as much as 10% in the Asia–Pacific region in the first three quarters of 2020, equivalent to a 3% loss in gross domestic product.
CitiusTech expects to grow at more than 20%, in line with its ambition to cross $500 million in revenue over the next 4-5 years, CEO Rizwan Koita says.
The COVID-19 pandemic had a massive impact on the Indian aviation sector in 2020 and major airlines facing losses and challenging times laid off employees, sent them on leave without pay, or cut their salaries. The government also had to extend the deadline for submitting bids for Air India five times during the year.
Antigen tests require a relatively high viral load -- about 1,000 times as much virus compared to the PCR test.
The rollout marks a moment of hope for a region that includes some of the world's earliest and worst-hit virus hot spots, including Italy and Spain, and others, like the Czech Republic, that were spared the worst early on only to see their health care systems near their breaking points in the fall.
Acharya said the results were the same across the US and the UK but what was different in case of India was that incumbency was favoured more strongly.
Describing the new strain, which is said to be 70% more infectious than the earlier ones, as a ‘super spreader’ and an ‘adverse development’ in the fight against Covid-19, Paul said India needs to be watchful.
For Britain, the discovery came too late to prevent a punishing new wave of COVID-19 that has put its hospitals on the brink of having to deny lifesaving care. The variant was already spreading fast, abetted by the government’s lax restrictions during the fall and early winter.
Commending Prime Minister Modi for how his government has countered the COVID-19 in one of the world's most affected and populated zones, Hasina said: "Apart from the health care packages, the economic packages introduced under your initiative of 'Atmanirbhar Bharat' is admirable."
The National Council for Applied Economic Research (NCAER) on Tuesday hosted a virtual discussion titled ‘The Challenge of Vaccinating a Billion Indians: How to meet it?’ to deliberate some of these issues.
The first case of coronavirus infection in the country was recorded on January 30 in Kerala and the first death on March 10 in Karnataka. By September, India became the second worst-hit nation, after the US, in terms of COVID-19 cases.
Speaking to state-owned Al Arabiya, Ahmed al-Kholifey also said there was no plan to introduce new liquidity measures.
Out of 167 countries, the Democracy Index classifies 23 countries as full democracies, 52 as flawed democracies, 35 as hybrid regimes and 57 as authoritarian regimes. India has been classified as a 'flawed democracy' along with countries such as the US, France, Belgium and Brazil.
Minister for Equalities Kemi Badenoch made an oral statement in the House of Commons as she presented the first quarterly report to Prime Minister Boris Johnson and Health Secretary Matt Hancock on progress to understand and tackle COVID-19 disparities on ethnicity grounds.
For the flagship mission — Support Covid-19 Hit Families — GiveIndia partnered with 250+ nonprofits across the country to help daily wagers and migrant workers who had lost their means of earning. Underpinned by a due diligence framework to verify and identify beneficiaries, a Steering Committee was established for approving the allocation of funds on a weekly basis.
Governments have banned crackers as bursting these will lead to a spike in air pollution and that, with the winter air, could affect Covid patients. Besides, discouraging people from getting together to burst crackers would also help in controlling the spread of the infection.
From Monday, nearly 2.4 million residents in five districts of West Yorkshire, including in the city of Leeds, will be barred from socialising with other households indoors.
Noting that the pandemic has bought them on the verge of bankruptcy, the small business owners rued that the steps being taken by the current administration has not been able to rescue them from this crisis.
According to a report by AFP, as many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the World Bank warned Wednesday. That is a devastating reversal after decades of progress, and higher than the bank previously estimated, even as recently as August, when the worst case was put at 100 million.
Since the risk for COVID-19 can vary among different groups of people, prioritisation for a vaccine will be tricky, and Biden will leave those decisions to health experts, the Indian-American infectious disease physician said. It is expected that there will likely be a limited supply of coronavirus vaccine doses available immediately after a vaccine is authorised by the US Food and Drug Administration.
Efforts being made to study impact of vaccines, diagnostics on UK variant of virus: DBT secy Renu Swarup
She said the Indian SARS-CoV-2 Genomic Consortia (INSACOG), formed to ascertain the status of new variants of the virus through genome sequencing, will also focus on samples from clusters where the infection level of coronavirus is high. "We are also making an effort now to study what is the impact of these vaccines and the diagnostics on this UK variant," Swarup told a press briefing.
Addressing the UN General Assembly special session on COVID-19, Secretary (West) in India's Ministry of External Affairs Vikas Swarup said on Monday the ongoing coronavirus crisis had "laid bare" the gaps that exist in global cooperation and governance structures of multilateral organisations.
One myth claims that the vaccines cause infertility by generating antibodies that not only target the coronavirus spike protein, as designed, but also inadvertently react with a protein in the placenta called syncytin-1.
However, there is a fair chance that the strain is already circulating under the radar in other countries, said Emma Hodcroft. The US-British molecular epidemiologist, based at the University of Bern, is a co-developer on the Nextstrain project, analysing SARS-CoV-2 sequences from around the world to monitor variations that emerge.
A year after Kerala reported India’s first Covid-19 case, the state continues to see a high number of active cases. But it has kept the death rate low.
View: Even if vaccines don’t eliminate coronavirus straight away, they are still useful in controlling it
The general expectation is that when the vaccine against Covid-19 is rolled out in the population it would mark the end of the pandemic, the virus would go away and people can start pre-Covid ‘normal’ life again. Many are counting on the vaccine to build enough herd immunity, resulting in slowing down of the transmission and finally stopping it.
Coronavirus impact: Queen Elizabeth to miss family Christmas celebrations, to stay in self-isolation
The queen moved from her official residence in the British capital to Windsor on March 19.
According to the survey, 39% per cent of respondents in the whole EU said the COVID-19 pandemic has already impacted their personal income. Hungary was the worst affected with 44% of citizens reporting a financial hit.
Mumbai Indians claimed a record fifth IPL title in Tuesday's final, but it was a victory for Brand IPL too.
He said that along with transportation of vaccines, special emphasis should be given to training and motivating people. He also issued directions to develop all facilities at centres for vaccines.
It also imposed unusual delays in both dry-docking/running repairs in yards, impeded conducting surveys and resulted in the postponement of securing new work orders, the annual report for 2019-20 said.
Market consolidation continued in the favour of grade I players. While sales have declined overall during the first half of 2020-21, grade-I residential developers witnessed a lower on-year decline in sales of 13%. Pre-sales for the top 10 listed players during the period stood at 12.3 million sq ft.
ILO has estimated that the impact of huge job losses worldwide is creating a fiscal gap that threatens to increase inequality between richer and poorer countries. It estimated that global labour income declined by 10.7 per cent, or $3.5 trillion, in the first three quarters of 2020, compared with the same period in 2019, excluding government income support.
This being a pandemic (from the Greek word for “all people”), that welcome development presents all the usual problems of global differences in wealth, power and equity. Rich countries have already placed their orders. Poor countries can only hope not to be left out. What should be done?
The UN report 'Geospatial Practices for Sustainable Development in Asia and the Pacific 2020' cites the role being played by 'BHUVAN', the national geo-portal developed and hosted by ISRO comprising of geo spatial data, services and tools for analysis, in combating COVID-19.
The industry has asked that no new taxes be levied as the economy is under stress in its budget recommendations. Experts also opposed the idea, saying the timing wasn’t right.
Negotiating salary in normal times is stressful. It becomes even more stressful during pandemic times if you have been through salary cut or received a pink slip. Here is how you can talk to your manager about the revision of pay during the pandemic
A woman sits outside Cafe Du Soleil under bubble tents following the outbreak of the coronavirus disease in the Manhattan borough of New York City, US
Reuters polls of around 500 economists across Asia, Europe and the Americas revealed modest downgrades or no change to growth outlooks compared with previous surveys, as well as tamer inflation views across most countries.
The research, published in the journal Nature Neuroscience, noted that SARS-CoV-2 not only affects the respiratory tract but also impacts the central nervous system (CNS), resulting in neurological symptoms such as loss of smell, taste, headache, fatigue and nausea.
The ongoing study among the city-state's public hospitals adds to international efforts to better understand whether the infection can be transferred during pregnancy, how babies develop antibodies in the womb and whether they offer an effective shield against the virus.
A top executive at Bounce said the on-demand two-wheeler rental service still has around $70 million in cash from its previous funding round and will utilise that capital to grow its EV business.
In the letters addressed to the PM and Union Health Minister Harsh Vardhan, these NGOs have also sought punishment for the "responsible parties who were negligent in ensuring the safety, well being and the rights of the trial participants".
The residential property market in metros such as Bengaluru, Mumbai, Delhi, Pune and Chennai have witnessed an increasing number of young professionals vacating rented homes and paying-guest accommodation, or asking for rent relief. Many such tenants have moved to their hometowns or are in the process of doing so, with companies also extending the work-from-home option as there is no let-up in the pandemic situation.
V.K. Paul, a top COVID-19 adviser to Prime Minister Narendra Modi, said the new virus strain would have no impact on vaccines being developed in India.