On India Upfront with Rahul Shivshankar, On TIMES NOW post Corona scenario series, we talk to Nisha Biswal chief of influential US-India panel. ‘As China’s global centrality diminishes, is China’s Corona crisis India’s big opportunity?’

USIBC has suggested the Indian government to create a separate COVID-19 budget to support incremental financing needs to address the pandemic and its economic impact.

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Source: The Economic Times

Dear Colleagues,

 

We’ve entered a new phase of the COVID-19 crisis this week, as we begin to assess the damage to the economies of the United States and India and lay out a roadmap for recovery. While shutdowns are likely to continue in some form in the weeks and months ahead, we are now seeing governments shift towards providing interim economic support to vulnerable communities developing a phased approach to economic reopening.

 

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U.S.-India Business Council President Nisha Biswal speaks on how businesses are responding and adapting to COVID-19

With 2019 coming to a close, we wanted to share some of the highlights from the U.S.-India Business Council’s events and advocacy over the past year. From our engagements with both U.S. and Indian governments, to our work to connect cities and states, to our most dynamic India Ideas Summit yet, it’s been an incredible 12 months. And we’re not done yet.

Uber has partnered with Flipkart and BigBasket in India to deliver essential items. Uber will not charge a commission on these rides, allowing drivers will keep 100% of the billed amount.

Pfizer in India donated 40,000 N95 masks to healthcare workers, ventilators to hospitals and food packets through NGOs.

Anti-Viral Compound Screening- Pfizer confirmed a lead compound and analogues are potent inhibitors of the SARS-CoV-2 3C-like (3CL) protease, based on the results of initial screening assays. In addition, preliminary data suggest the lead protease inhibitor shows antiviral activity against SARS-CoV-2. Consequently, Pfizer will perform pre-clinical confirmatory studies, including further anti-viral profiling and assessment of the suitability of the lead molecule for IV administration clinically. In parallel, the company is also investing in materials that will accelerate the start of a potential clinical study of the lead molecule to third quarter 2020, three or more months in advance of earlier estimates, subject to positive completion of the pre-clinical confirmatory studies.

The bank has extended benefits to customers who have been hurt by the ongoing coronavirus crisis by introducing measures such as waivers for late fees and a 90-day grace period for mortgage and auto loan payments.

Jacobs is part of an international alliance that is seeking to convert shipping containers into plug-in pods to expand intensive-care units (ICUs) during the Covid-19 pandemic. The project, called Cura (Connected Units for Respiratory Ailments) is focused on turning shipping containers into plug-in ICU pods. The pods are hosted in 20-foot intermodal containers, each equipped with all necessary medical equipment to treat two Covid-19 intensive-care patients. Jacobs is working in partnership with the World Economic Forum and individuals from the Massachusetts Institute of Technology to support Cura.

A fund of USD 50 million to help combat COVID-19 pandemic through pandemic response technology initiative has been set up by Intel. The fund will be utilised in speeding scientific research around coronavirus, accelerating access to technology for patient care, and ensuring access to online learning for students. Approximately USD 40 million, will fund the Intel COVID-19 Response and Readiness which is aimed at accelerating diagnosis, treatment and vaccine development, and Intel Online Learning initiative which is aimed at providing students without access to technology with devices and online learning resources.