IIFL Group donates Rs 5 crore to PM-CARES Fund

On March 28, Prime Minister Narendra Modi launched the PM-CARES Fund which allows individuals and institutions to make micro-donations in the battle against the coronavirus pandemic.

Moneycontrol News

April 09, 2020 / 08:20 IST

Financial services conglomerate IIFL group has donated Rs 5 crore to Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) towards efforts to tackle the coronavirus pandemic in India.

In a tweet on March 30, Nirmal Jain, the founder and chairman of India Infoline Group, committed Rs 5 crore to PM-CARES Fund.

#PMCARES India Dares.. IIFL Group @IIFLCorporate @IIFLWEALTH makes humble contribution of ₹5 crores to PM CARES fund to help #IndiaFightsCorona under your leadership @narendramodi We shall engage our 18000+ employees as well to mobilise more support for this cause @PMOIndia

On March 28, Prime Minister Narendra Modi launched the PM-CARES Fund which allows individuals and institutions to make micro-donations in the battle against the coronavirus pandemic.

COVID-19 Vaccine

Frequently Asked Questions

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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