HomeNewsBusinessGlobal economic fallout of COVID-19 will continue to remain a challenge: Foreign Secretary Harsh Vardhan Shringla

Global economic fallout of COVID-19 will continue to remain a challenge: Foreign Secretary Harsh Vardhan Shringla

In an address at a virtual seminar, Foreign Secretary Harsh Vardhan Shringla also said India is committed towards working for a rules-based international order underpinned by rule of law, transparency, freedom of navigation, respect for territorial integrity and sovereignty, and peaceful resolution of disputes.

November 05, 2020 / 18:01 IST
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The global economic fallout of the coronavirus pandemic will continue to remain a challenge and India has been looking at it not as constraints but as an opportunity for its economy as well as rebalancing of the international system, Foreign Secretary Harsh Vardhan Shringla said on Thursday.

In an address at a virtual seminar, Shringla also said India is committed towards working for a rules-based international order underpinned by rule of law, transparency, freedom of navigation, respect for territorial integrity and sovereignty, and peaceful resolution of disputes.

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The comments came in the backdrop of China’s growing expansionist behaviour in eastern Ladakh, South China Sea and Indo-Pacific region.

"Our objective remains advancing the security and economic interests of all countries,” he said at the seminar organised by the National Defence College.

COVID-19 Vaccine
Frequently Asked Questions

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How does a vaccine work?

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.

How many types of vaccines are there?

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.

What does it take to develop a vaccine of this kind?

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.
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