COVID-19 vaccine in India likely by Jan 2021, says Health Minister : Bulletin: Business Today
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COVID-19 vaccine in India likely by Jan 2021, says Health Minister

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BusinessToday.In | September 18, 2020

Coronavirus vaccine in India likely by January, 2021, says Health Minister Dr. Harsh Vardhan

Union Health Minister Dr. Harsh Vardhan said on Thursday that the COVID-19 vaccine will be made available in India by the beginning of 2021.

His remarks come at a time when India is reporting over 50 lakh cases and people are expecting a viable vaccine with bated breath. He stated that PM Modi, the ministers, and state health ministers have been addressing the situation since January 8 fighting "this battle" together.

Insurance regulator IRDAI plans new solvency norms to deal with COVID-19 crisis

The Insurance Regulatory and Development Authority of India (IRDAI) is planning to roll out some key reforms, such as risk-based solvency system and strengthened risk-management rules, to ensure than insurers are better equipped with capital adequacy to deal with socio-economic crisis like coronavirus pandemic.

China will have to approve TikTok-Oracle deal: ByteDance

China will need to approve ByteDance's proposed deal with Oracle Corp for its TikTok app, the Chinese company said on Thursday, indicating how its bid to stave off a ban in the United States could be further complicated. Oracle has submitted a proposal to the Trump administration that will allow it to become a technology partner in the TikTok app, as ByteDance hopes to head off a Trump order that it divest TikTok's U.S. operations.

COVID-19 crisis: Global economic recovery likely to take 5 years, says World Bank chief economist

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday. Reinhart said the pandemic-caused recession will last longer in some countries than in others and will exacerbate inequalities as the poorest will be harder hit by the crisis in rich countries and the poorest countries will be harder hit than richer countries.

WHO alerts of COVID-19 impetus as winter season looms in northern hemisphere

The World Health Organization warned on Wednesday that COVID-19, the illness caused by the novel coronavirus, is spreading at a worrying pace in some parts of the northern hemisphere, a few months away from the winter influenza season. "We are seeing increases in hospitalisations, in intensive care units, particularly in Spain, France, Montenegro, Ukraine and some states of the United States. That is worrying because we have not seen the flu season yet."

Reliance Retail to offload up to 15-20% stake, raise Rs 80,000 crore

Reliance Retail Ventures Ltd (RRVL), the holding company of offline and online retail business of Reliance Industries (RIL), targets to offload 15-20 per cent stake to private equity players and strategic investors to raise up to Rs 80,000 crore, said two sources close to the development. They are in advanced stage of negotiations with at least ten foreign funds looking to complete the deal at Rs 4.2 lakh crore valuation appraised in the Silver Lake deal, they added.

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