Reliance Industries (RIL) on March 30 said it is donating Rs 500 crore towards the PM-CARES fund. The company said in a statement that it is contributing an additional Rs 5 crore each towards the states of Maharashtra and Gujarat in order to lend them support amid the ongoing outbreak.
The PM-CARES fund was created in order to strengthen the country's fight against the coronavirus pandemic. Prime Minister Narendra Modi had recently appealed to citizens to make donations to the fund.Here are some of the group’s key initiatives:
- Reliance Retail providing Essential supplies daily for millions of Indians via stores and home deliveries
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, "We are confident that India will conquer the coronavirus crisis sooner rather than later. The entire Reliance Industries team is with the nation in this hour of crisis and will do everything to win this battle against COVID-19."
Frequently Asked Questions
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
The company had also undertaken many other steps, earlier this month, as part of its multi-pronged prevention, mitigation, and ongoing support strategy. The Sir HN Reliance Foundation Hospital, in collaboration with the Brihanmumbai Municipal Corporation (BMC), has already set up a dedicated 100-bed centre at Seven Hills Hospital, Mumbai, for patients who test positive for COVID-19.(Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd)