you are here: HomeNewscoronavirus

Coronavirus crisis | RBI employees to contribute Rs 7.3 crore to PM CARES Fund

The PM CARES Fund was set up by the Centre in light of the COVID-19 pandemic, in order to receive contributions from various sources to be used in the fight against COVID-19.

April 28, 2020 / 04:29 PM IST

Employees of the Reserve Bank of India (RBI) have decided to contribute one or more days' salary towards the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund), the central bank said on April 28.

A total contribution of Rs 7.3 crores from employees is being remitted to the fund.

Track this blog for LIVE updates on the COVID-19 pandemic 

"Responding to the call to support this noble cause, the employees of the Reserve Bank have decided to contribute one or more days salary to the PM CARES Fund," RBI said in a statement.

The PM CARES Fund was set up by the Centre in light of the COVID-19 pandemic, in order to receive contributions from various sources to be used in the fight against COVID-19.

Close

COVID-19 Vaccine

Frequently Asked Questions

View more
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.

View more
Show

A lot of people have made contributions toward the fund in order to assist the government in tackling the current crisis. From individual citizens to companies and organisations, donations have been made towards the fund.

Follow our full coverage of the COVID-19 pandemic here
Moneycontrol News
first published: Apr 28, 2020 04:29 pm

stay updated

Get Daily News on your Browser
Sections