NEW DELHI India, the world's main supplier of generic drugs, said on Tuesday it will allow limited exports of the anti-malaria drug hydroxychloroquine that U.S. President Donald Trump has touted as a potential weapon in the fight against the coronavirus.
NEW DELHI/DHAKA India is restricting the export of most diagnostic testing kits, as coronavirus cases in the South Asian nation topped 3,350 on Sunday despite a three-week nationwide lockdown to slow the spread of the respiratory disease.
NEW DELHI India will likely relax some export restrictions on pharmaceutical products soon due to intense pressure from the United States which is worried about drug shortages as the number of coronavirus cases surge, two Indian government officials told Reuters.
NEW DELHI India will buy ventilators and masks from China to help it deal with the coronavirus, a government official said on Tuesday, even though some countries in Europe had complained about the quality of the equipment.
NEW DELHI/MUMBAI India has directed all its banks to remain operational during the three-week coronavirus lockdown as part of essential services and to ensure welfare cash schemes that are part of a $22.6 billion government stimulus reach the poor.
NEW DELHI Steel Authority Of India Ltd said on Thursday it had scaled back its manufacturing operations with the country under a 21-day lockdown to prevent the spread of coronavirus but could not yet say how much of a hit it would take.
NEW DELHI/MUMBAI India's central bank and major lenders are considering staffing fewer branches during the country's lockdown to reduce the chances of tens of thousands of employees catching coronavirus, four sources and a senior bank union official said.
* Only one branch to be open every 5 km in big cities
NEW DELHI/MUMBAI, March 26 India's central bank
and major lenders are considering shutting down most branches
across the country to prevent tens of thousands of employees
from getting infected with the coronavirus, four sources
familiar with the plan told Reuters.