COVID-19 cases in India saw the biggest spike for the second consecutive day on May 23 with 6,654 new infections in the last 24 hours, taking the tally to over 1.25 lakh, while the toll rose to 3,720 after 137 more deaths, the Union Health Ministry said. … [Read more...] about Coronavirus wrap May 23: COVID-19 vaccine development at an early stage in India
Boerne stage road
When our body contracts an infection, it automatically produces antibodies to fight off that infection. Otherwise, vaccines, which often carry the disease-causing microorganism in a dormant or inactive state, help the body produce those antibodies so as to protect an individual from catching the infection, making him/her immune to it. Besides, if an individual is immune to a disease, he/she cannot pass it on to others. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
Intas Pharma has explored the IPO route earlier but put the listing plans on hold due to market conditions. It is a vertically integrated global pharmaceutical formulation development, manufacturing, and marketing company. It has set up a network of subsidiaries, under the umbrella name of Accord Healthcare to operate in global markets. … [Read more...] about Exclusive | PE firm ChrysCapital to buy out Capital International’s stake in Intas Pharmaceuticals
Public transportation systems across the world have struggled with how to adapt their service to meet social distancing guidelines even with limited service. Some countries, such as South Korea and China, are minimally enforcing social distancing on public transportation; meanwhile Rome’s public transportation system is using large stickers to designate seats that should be left empty, according to The Wall Street Journal. Public transportation capacity will be reduced to 10% in the U.K. for the foreseeable future. But biking and walking are already seeing a 70% increase compared with pre-COVID-19 figures. Prime Minister Boris Johnson has called it a “golden age for cycling,” according to The Guardian. … [Read more...] about How social distancing could make public transportation more bike-friendly
The history of CG and its functioning does give us some lessons. First, we should avoid multiple agencies handling different CGs. Second, the RBI or RBI-governed institutions generally fare better at financial tasks compared to the government and its agencies. The government should closely work with the RBI and heed its advice on not just CGs but other aspects of the fiscal stimulus as well, which relies greatly on the banking system. Third, we should be careful of moral hazard problems. This does not imply that one should not lend, fearing moral hazard. It is just that CG should not result in loan appraisals and follow-up not being done properly. Indian banking is already struggling with high NPAs and banks should take care to avoid any further rise. … [Read more...] about Credit guarantees of 1970s make a comeback