Indian hospitals desperate for oxygen as COVID cases top 5 million : Bulletin: Business Today
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Indian hospitals desperate for oxygen as COVID cases top 5 million

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BusinessToday.In | September 17, 2020

COVID-19 vaccine from Russia! Dr Reddy's ties up with a Russian firm for 100 million doses
Hyderabad-based Dr Reddy's Laboratories (Dr Reddy's) and Russia's sovereign wealth fund Russian Direct Investment Fund (RDIF) have joined hands to carry out clinical trials and distribution of 100 million doses of coronavirus vaccine Sputnik V in India. Sputnik V vaccine is undergoing final stage clinical trials in Russia. It is also being tested in several other countries. "Deliveries could potentially begin in late 2020 subject to completion of successful trials and registration of the vaccine by regulatory authorities in India," a joint statement issued by RDIF and Dr Reddy's says.
This bicycle priced Rs 3.7 lakh has just been launched in India!
The surge in demand for bicycles in the post pandemic period in India has led to premium bicycle manufacturers scrambling to increase supplies and launch new products. Premium bicycle maker Scott Sports India on Wednesday introduced a full suspension cross country bicycle Spark RC 900 at a whopping Rs 3.7 lakh.
India receives 7% higher rainfall; sowing up 5.7% annually: CRISIL
At a time when Indian economy faces its worst crisis due to coronavirus-led lockdown, "above normal" monsoon is likely to provide some respite to agriculture sector, which contributes nearly 17 per cent of India's GDP and provides jobs to around 50 per cent of population. A report by CRISIL Research on Wednesday said that monsoon rains were 7 per cent above average this year, so far the best in five years, which led to 5.7 per cent year-on-year jump in sowing of crops.
Indian hospitals desperate for oxygen as coronavirus cases top 5 million
Coronavirus infections in India surged past 5 million on Wednesday, piling pressure on hospitals grappling with unreliable supplies of oxygen that they need to treat tens of thousands of critical patients. In the big states of Maharashtra, Gujarat and Uttar Pradesh, some of the areas worst-affected by the virus, demand for oxygen has more than tripled, doctors and government officials said, prompting urgent calls for help.
COVID-19: Engineers, physicians, teachers, accountants' jobs worst hit
Software engineers, physicians, teachers, accountants, analysts, among others are the professionals  who saw the biggest loss of jobs among salaried employees due to coronavirus lockdown since late March 2020. There was a loss of 121 million salaried jobs in April. However, recovery of most of these jobs was seen by August, but the condition of these jobs deteriorated over time, Centre for Monitoring Indian Economy (CMIE) said.
RBI's Shaktikanta Das bats for small depositors, defends loan restructuring
RBI Governor Shaktikanta Das today invoked the 'depositor interest' and 'financial stability'  while defending the new time bound loan restructuring scheme for select 26 Covid impacted sectors with the pre-defined threshold of financial ratios for resolution. Outlining the whole rationale and reasoning behind the restructuring scheme, the RBI Governor Das said "it has to be a very balanced and careful call on the part of the RBI." He said that the primary concern of any banking system has to be the protection of depositors interest.

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