RECOVERY RATE RISES TO 25%, SAYS GOVERNMENT
Why in news? The Union Health Ministry said, on 30th April, that India is currently recording a total recovery rate of 25.19% up from 13% about two weeks ago. Details Giving details on the percentage of deaths in various age groups, the Ministry said India has a case fatality rate of 3.2% currently which is 65% […]
$1.5 BILLION ADB LOAN TO FUND COVID-19 EMERGENCY RESPONSE
Why in news? The Government of India has taken a $1.5 billion loan from the Asian Development Bank (ADB) to fund its immediate response to the coronavirus (COVID-19) pandemic, both in terms of the health and socio-economic impacts. The money, translating to more than ₹11,000 crore, will be spent to implement the containment plan and […]
HEALTH MINISTRY DOES A U-TURN ON PLASMA THERAPY
Why in news? Plasma therapy is not an approved treatment for COVID-19 and is only one of the several therapies which is being explored currently, the Health Ministry said on 28th April 2020, adding that the therapy is still at an experimental stage and the Indian Council for Medical Research (ICMR) is currently studying its efficacy. […]
COST OF DOING BUSINESS TO SEE SIGNIFICANT RISE
Why in news? As COVID-19 takes its toll on the economy and on human lives, the cost of doing business is set to go up as companies gear up to adhere to new safety and hygiene standards in their daily operations despite likely scaled down business activity and lower earnings. Why would the Cost of […]
56% MORE WATER IN RESERVOIRS THAN LAST YEAR
Do we have enough water? Under a lockdown with summer approaching and with the injunction of constant hand washing as a preventative for the spread of COVID-19 the water availability in India was a concern. The plentiful rains last year and heavy snowfall in the Himalayan States have ensured that in terms of just volumes, […]
INDIA AMONG TOP 3 MILITARY SPENDERS: REPORT
Why in news? The global military expenditure rose to $1917 billion in 2019 with India and China emerging among the top three spenders, according to a report ‘Trends in World Military Expenditure, 2019’ by Stockholm International Peace Research Institute (SIPRI). Details India’s tensions and rivalry with both Pakistan and China are among the major drivers […]
RBI OPENS RS. 50,000-CR LIQUIDITY TAP FOR MUTUAL FUNDS
Why in news? In a bid to address concerns arising out of Franklin Templeton’s decision to wind up six debt funds, the Reserve Bank of India on 27th April 2020, decided to open a special liquidity facility for mutual funds (SLF-MFs) of ₹50,000 crore. The move is aimed at easing the liquidity pressure that mutual funds […]
STRATEGIC SHIFT – RESERVING HEALTHCARE FOR THOSE WHO NEED IT MOST
Relaxation In a containment strategy tweak, those with a mild form of the disease, or are pre-symptomatic, would have the option of home quarantining. But their homes ought to have self-isolation facilities, a full-time caregiver, and daily health-status reports given to the district surveillance officer. Why is such a move done? The Health Ministry has […]
LIMITATIONS OF ONLINE LEARNING
Why in news? Universities and colleges were in the middle of the second semester of their academic year when the lockdown was enforced. A few universities made hasty arrangements for teachers to continue to hold their classes virtually through video conferencing services such as Zoom. The transition to virtual modes was relatively less difficult for […]
HOW THE OZONE LAYER HOLE OVER ARCTIC CLOSED?
Why in news? Last week, the European Union’s Copernicus Atmosphere Monitoring Service (CAMS) announced that a hole in the Arctic ozone layer, believed to be the biggest reported, has closed. Why did it close? The ozone hole’s closing was because of a phenomenon called the polar vortex, and NOT because of reduced pollution levels due […]