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Coronavirus pandemic: RBI employees contribute Rs 7.30 crore to PM-CARES Fund

The Reserve Bank of India (RBI) on Tuesday said its employees have decided to contribute salary of one or more days totalling Rs 7.30 crore towards the PM-CARES Fund.

April 29, 2020 / 10:43 AM IST

The Reserve Bank of India (RBI) on Tuesday said its employees have decided to contribute salary of one or more days totalling Rs 7.30 crore towards the PM-CARES Fund.

To help people affected by any kind of emergency or distress situation like the one posed by the COVID-19 pandemic, the government has set up a public charitable trust named Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to receive contributions from various sources, the central bank said in a statement.

"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," the RBI said.

The total contribution from the employees amounting to Rs 7.30 crore is being remitted to the PM-CARES Fund, it said.

The COVID-19 pandemic and the related dislocation in normal economic activity have severely affected economically weaker sections of the society and their means of livelihood.


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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Also read: Coronavirus News India LIVE Updates
first published: Apr 29, 2020 10:33 am

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