'As reliable as AK-47': Putin praises Russian COVID vaccines : Bulletin: Business Today
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'As reliable as AK-47': Putin praises Russian COVID vaccines

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Shailendra Shukla | May 8, 2021

India's COVID-19 cases to peak in coming days, reduce to 20,000 per day by June-end: forecast

India's COVID-19 outbreak could peak in the coming days, according to a mathematical model readied by advisers to Prime Minister Narendra Modi. The group's projection has put them more in line with other scientists, who have also suggested a mid-May peak for the country. However, the experts are of the view that the reported numbers likely downplay the real toll because India's hospitals and crematoriums have been overwhelmed, which makes the evaluation of any peak particularly complicated.

Covid second wave to have muted impact on economy: Finance Ministry

The union finance ministry has said that the ongoing second wave of the Covid-19 pandemic will have a muted economic impact in comparison to the first wave.  In its economic review for the month of April released today, the ministry observed, "The second wave of COVID-19 has posed a downside risk to economic activity in the first quarter of FY 2021-22."

"However, there are reasons to expect a muted economic impact as compared to the first wave. Learning to 'operate with COVID-19', as borne by international experience, provides a silver lining of economic resilience amidst the second wave," said the report. The report also said that the fiscal position of the government has witnessed improvement with "revival in the economic activities during the second half of 2020-21."

Tata Motors to hike prices of passenger vehicles from May 8

Tata Motors will hike the prices of its passenger vehicles across its fleet beginning May 8. The auto major said the price of Tata cars will be increased by an average of 1.8%, depending on the model and the variant. Meanwhile, customers who have booked the carmaker's vehicles on or before May 7 will be shielded from the hike, the company said. Tata Motors' announcement follows several other automakers going for price spikes on select models in recent times. The company has attributed the price hike to a rise in the price of commodities such as steel and precious metals.

Google's Sunder Pichai, 2 other Indian-American CEOs join Global COVID-19 Taskforce Panel

Three Indian-American CEOs Sunder Pichai from Google, Punit Renjen from Deloitte, and Shantanu Narayen from Adobe have joined the steering committee of the Global Task Force on Pandemic Response, which is overseeing an unprecedented corporate sector initiative to help India successfully fight COVID19. The names of the three Indian-American CEOs were added to the list of the steering committee on Thursday. The three CEOs have been active in organising US companies' response to the COVID-19 crisis in India.

Vaccination only solution to contain COVID-19 pandemic in rural areas: SBI Research

As COVID-19 infections surge across the country with nearly half of the fresh cases now being in rural areas, accelerated vaccination is the only solution to contain the raging pandemic, according to a report by SBI Research. The report noted that the share of the top 15 districts in total new cases has significantly plunged to 26.3 per cent in May from 55 per cent in March, indicating that the spread of infections is now dispersed across the country. What is more worrying is the increase in rural penetration as the share of rural districts in new cases has increased to 48.5 per cent in May from 36.8 per cent in March, Soumya Kanti Ghosh, group chief economic adviser at SBI, said in a note on Friday.

'As reliable as AK-47': Putin praises Russian COVID vaccines

Russian President Vladimir Putin has stated that his country's COVID-19 vaccines are as reliable as Russia's iconic Kalashnikov rifle, reports news agency TASS. Till now, Russia has indigenously developed four COVID-19 vaccines, including the Sputnik V. Addressing a video conference with Deputy Prime Minister Tatyana Golikova on Thursday, Putin said Russian medications are based on technologies and platforms that have been used literally for decades and are as reliable as an AK-47. Putin made this statement on the day Russian medical authorities gave regulatory approval to a single-dose version of the country's Sputnik V vaccine called Sputnik Light.

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