33 C
Mumbai
Wednesday, August 4, 2021
Home Business FM announces Rs 900 crore grant for COVID-19 vaccine research

FM announces Rs 900 crore grant for COVID-19 vaccine research

FM announces Rs 900 crore grant for COVID-19 vaccine research
Image Source : PTI FM announces Rs 900 crore grant for COVID-19 vaccine research

Finance Minister Nirmala Sitharman on Thursday introduced a Rs 900 crore grant to the Department of Biotechnology for COVID-19 vaccine research. She stated the grant doesn’t cowl the precise value of vaccine and distribution bills, which might be made individually as and when the vaccine is obtainable.

She additionally stated that Rs 10,200 crore further price range outlay might be offered in direction of capital and industrial expenditure for home defence tools, industrial incentives and infrastructure and inexperienced vitality.

Today, the Pune-based Serum Institute of India (SII) and Indian Council of Medical Research (ICMR) introduced the completion of enrolment of phase-3 scientific trials for potential COVID-19 vaccine Covishield in India.

The ICMR and SII have collaborated for the scientific improvement of Covovax developed by Novavax, US and upscaled by SII, a press release stated.

Earlier, Sitharaman had stated the revival of the nations’ financial system post-Covid lockdown was clearly seen and the indications regarded constructive.

“We are getting good positive marks from high-frequency indicators. And, indicators from all states show a revival,” she had identified.

“I have been speaking with industry leaders directly who say we reached pre-Covid capacity utilisation. So revival is clearly visible,” Sitharaman instructed a press convention throughout a go to to Vijayawada.

Latest Business News

Fight against Coronavirus: Full coverage



Source link

Most Popular

EnglishGujaratiHindiMarathiUrdu