India announces $6.7b in cheap loans for vaccine, health firms

6 May, 2021 12:00 AM printer

MUMBAI: India released $6.7 billion in cheap financing for vaccine makers, hospitals and other health firms on Wednesday, to counter the devastating coronavirus surge gripping the country, reports AFP.

Reserve Bank of India governor Shaktikanta Das also vowed to deploy “unconventional” measures if the crisis worsens.

This week it became the second country after the United States to pass 20 million cases and hospitals across the country of 1.3 billion people have complained of chronic shortages of beds, oxygen, vaccines and key drugs.


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