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Coronavirus wrap March 27: India reports 728 cases, global death toll crosses 24,000

UK Prime Minister Boris Johnson tested positive for COVID-19 and isolated himself. Here are other key developments from today:

March 27, 2020 / 10:42 PM IST
COVID-19 UK (Image: Reuters)

COVID-19 UK (Image: Reuters)

At least 720 positive cases of COVID-19 and 17 deaths have been reported in India so far, with the number constantly on the rise.

The coronavirus has now breached the borders of nearly 200 countries, with the global death toll from the infection having surpassed 21,000 and about 5,33,416 confirmed cases, as per the World Health Organisation (WHO).

Here's a roundup of the day's developments:

# In a bid to help borrowers tide over the economic fallout of the coronavirus pandemic, the Reserve Bank of India (RBI) put a 3-month hold on all repayments on term loans. This 3-month moratorium also includes credit card dues and EMIs.

# The central bank also slashed key policy rates, bringing the repo rate down by 75 basis points in order to inject liquidity into the struggling financial markets and the slowing economy.

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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: RBI comes out all guns blazing to sanitise a struggling financial system

# UK Prime Minister Boris Johnson tested positive for COVID-19. The country's health minister, Matt Hancock, also tested positive for the viral infection.

# The Directorate General of Civil Aviation (DGCA) extended the suspension of domestic flights until April 14 (these were earlier suspended till March 31). The aviation regulator also extended the suspension of international flights till the same date.

Track this blog for all the latest updates on the coronavirus pandemic

# Following reports of mass migration of labourers and daily wage workers due to the 21-day lockdown, the Ministry of Home Affairs (MHA) has directed states to put a check on the ongoing mass movement amid the crisis. States and UTs have also been requested to make arrangements for food, water and sanitation for the migrant labourers.

Corona_timeline (1)

# Leading IT firm Cognizant will pay its employees in India and The Philippines an additional 25 percent of basic pay for April, amid the COVID-19 pandemic, CEO Brian Humphries said in an email to employees. This announcement will come as a respite for close to two-thirds of the employees in India.
Moneycontrol News
first published: Mar 27, 2020 09:07 pm

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