Current Affairs: July 25, 2020

Notes:
Pune-based Serum Institute of India announced that the company will start trials of the Covid-19 vaccine candidate developed by Oxford University-AstraZeneca.
The trials are to be carried out by the end of August on about 5,000 Indian volunteers after getting the necessary permissions. The company also hoped that the vaccine will be hopefully launched by June next year. To manufacture 300 million doses, the company is to spend USD 200 million.

Notes:
Kala Narayanasamy, a 59-year-old Indian-origin nurse in Singapore has been conferred with the President’s Award for Nurses.
She has been awarded for serving on the frontline during the COVID-19 pandemic, particularly for using infection control practices learnt during SARS outbreak in 2003. The 10,000 SGD -award is given to 5 nurses for their services.

Notes:
India’s third-largest public sector bank, Bank of Baroda (BoB) has recently launched ‘Insta Click Savings Account’.
This is a completely paperless, digital and self-assisted online savings account. The process uses a new form of digital KYC and Aadhaar-based OTP authentication of the customer. A customer can access the bank’s website to open the account, which gets activated in real-time. Baroda M Connect Plus is to be used for further transactions.

Notes:
The Union Government has recently announced that the Work-from-home exemption for IT and IT-enabled services companies is extended till December 31, 2020.
In March, the Department of Telecommunication had relaxed the norms till April to facilitate work from home amid the Covid-19 pandemic, which was then extended till July 31 and now to December 31. At present, more than 90% of the IT workforce are working remotely.

Notes:
India Ideas summit is a two-day virtual summit organised by the US-India Business Council. It aims to connect officials from the two nations, to discuss post-coronavirus recovery plans.
In his keynote address, the Prime Minister of India welcomed the US investors to India and added that India has attracted over USD 20 billion foreign investment even during the Covid-19 lockdown. He also highlighted the rise in India’s rank to 63 in Ease of Doing Business ranking of World Bank.