Washington pledges $1 bn for coronavirus vaccine as pandemic risks grow : Bulletin: Business Today
Business Today

Washington pledges $1 bn for coronavirus vaccine as pandemic risks grow

Loading the player...

February 25, 2020

Slowing credit growth critical challenge for bank: RBI Guv

Slowing credit growth is one of the most critical challenges for the banking industry and there is a need to focus on prudent lending by the banks, Reserve Bank of India Governor Shaktikanta Das said on Monday. So far this year, credit growth in the country has moderated to 7-7.5 per cent. The RBI would soon issue draft guidelines on corporate governance in public and private sector banks, he said

Trump India Visit Day 2: POTUS has a busy day ahead

After a busy Day 1, US President Donald Trump and First Lady Melania Trump have their task cut out for today's engagements. Trump and the First Lady will be accorded a ceremonial welcome at the Rashtrapati Bhawan by President Ram Nath Kovind and his wife Savita Kovind around 10 am today. After this, the First Couple will pay their respects to the father of the nation, Mahatma Gandhi, at the Raj Ghat. Around 11:30 am, the US President and the First Lady will reach the Hyderabad House where Trump and Modi will meet for a restricted dialogue after an initial photo op

5 dead as clashes erupt over CAA; many schools, metro stations shut

A total of five people, including a police constable, have died as violence over the citizenship Amendment Act (CAA) spiralled across northeast Delhi on Monday. Despite police efforts, frenzied protesters torched several houses, shops, vehicles and petrol pumps.

Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow

U.S. President Donald Trump will seek $2.5 billion from Congress to fight the coronavirus epidemic and U.S. and South Korean militaries are considering scaling back joint training as the virus spreads in Europe and the Middle East. The White House said more than $1 billion of the requested virus budget would go toward developing a vaccine, while other funds would be used for therapeutics and the stockpiling of protective equipment such as masks.

With 71 new coronavirus deaths, total number of casualties touches 2,663 in China.

 Seventy-one new coronavirus deaths were reported from China, taking the total number of casualties to 2,663, even as reports suggested that the number of new cases has seen a sharp decline. doctors in Wuhan are for the first time reporting vacant beds in hospitals to accommodate new patients, he said, adding that earlier China had to build two makeshift hospitals with a capacity of 2,300 beds.

Also read: Five metro stations on Pink Line shut due to clashes over CAA in Northeast Delhi

Also read: Drug regulator offers to airlift raw materials from Coronovirus-hit China

More from this section