India pledges $6.7 billion in financing to battle pandemic
May 5, 2021
India's central bank has announced loans to help the overwhelmed health care sector. Meanwhile, a German military plane is transporting an oxygen generator to the country.
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India's central bank on Wednesday pledged $6.7 billion (€8 billion) in cheap loans for vaccine makers, hospitals and other health firms to help the country battle a massive surge in coronavirus cases.
The announcement came as India recorded its highest daily death toll, reporting 3,780 more deaths on Wednesday.
"The immediate objective is to preserve human life and restore livelihoods through all means possible. The second wave, though debilitating, is not insurmountable," said Reserve Bank of India (RBI) Governor Shaktikanta Das.
India's second wave of the virus has seen health care crumble with hospitals running out of beds, medical oxygen and supplies. Morgues and crematoriums have overflowed as people died in ambulances and car parks while waiting for beds or oxygen.
India's second COVID wave leaves suffering in its wake
India is in mourning as coronavirus ravages cities across the country. More than 300,000 new cases are currently being reported every day, with people pleading for beds and oxygen outside hospitals.
Image: Amit Dave/REUTERS
India sees its darkest days of pandemic
India has added hundreds of thousands of cases in recent days, and the total death toll has surpassed 220,000. Cities are running out of space to bury or cremate the dead.
Image: Danish Siddiqui/REUTERS
COVID sufferers seek medical support at temples
An elderly woman suffering from breathing difficulties due to COVID-19 waits to receive free supplemental oxygen outside a Sikh temple on the outskirts of Delhi in Ghaziabad. Many who are struggling for breath due to COVID-19 have flocked to the temple, hoping to secure some of its limited oxygen supplies.
Image: ADNAN ABIDI/REUTERS
COVID patients turn to informal health services
Hospitals in Delhi and across the country are turning away patients after running out of medical oxygen and beds. Many have put out urgent notices saying they can't cope with the rush of patients. The Sikh temple in Ghaziabad has come to resemble the emergency ward of a hospital. People all across Delhi are seeking and creating makeshift health care spaces.
Image: ADNAN ABIDI/REUTERS
Doctors treating patients wherever possible
A health care worker tests blood oxygen levels of a COVID patient inside an ambulance in the eastern city of Kolkata. With people being forced to wait many hours to receive treatment, doctors have been treating people in cars and taxis parked in front of hospitals.
A couple wait inside a rickshaw until they can enter a COVID-19 hospital for treatment in the western city of Ahmedabad. Social media and local news footage have captured desperate relatives begging for oxygen outside hospitals or weeping in the street for loved ones who have died waiting for treatment.
Image: Amit Dave/REUTERS
India in mourning
A young boy at a crematorium mourns the loss of his father, who died from COVID-19. In the last month alone, daily COVID cases in India have increased eight times over — and deaths, 10 times. Health experts have said the actual death toll is probably far higher than the official numbers.
Image: Adnan Abidi/REUTERS
India's younger population also hit
This 35-year-old woman is suffering from breathing difficulties due to COVID-19. Like many others, she is waiting in front of a hospital to receive oxygen support. Scientists are concerned that a more infectious "double mutation" of the virus is spreading in India.
Image: ADNAN ABIDI/REUTERS
Second COVID wave 'supremely contagious'
The family of a COVID victim mourn together outside a mortuary of a hospital in New Delhi. Delhi Chief Minister Arvind Kejriwal said India's current infection wave is "particularly dangerous" and that people were falling sick more severely and for longer.
"It is supremely contagious, and those who are contracting it are not able to recover as swiftly."
The unfolding crisis is most noticeable in India's overwhelmed graveyards and crematoriums. Burial grounds in the capital New Delhi are running out of space. In other cities, glowing funeral pyres light up the night sky. "The virus is swallowing our city's people like a monster,'' said Mamtesh Sharma, an official at Bhadbhada Vishram Ghat crematorium in the central city of Bhopal.
Image: Adnan Abidi/REUTERS
Vaccine drive falling behind
India's vaccination program is lagging, with only 10% of the country's population having received one dose, and 1.5% having received both doses. Indians aged 18 and older are now eligible for a vaccine. The United States has said it would send raw materials for vaccine production to help strengthen India's capacity to manufacture more AstraZeneca vaccine.
Image: Francis Mascarenhas/REUTERS
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The new measures make it easier for banks to give out cheap loans to those in need — hospitals, oxygen manufacturers, patients — in order to bolster the health care system and improve access.
The bank will also allow general business borrowers more time to repay loans in an attempt to boost the flagging economy. Das added that he was willing to deploy "unconventional" measures if the crisis worsened.
The country recorded 382,315 new infections on Wednesday, according to health ministry data, a day after India reached a grim milestone of becoming the second country to cross 20 million infections.
According to the World Health Organization, India accounted for one in four deaths across the world over the last week. The country also reported 46% of the global cases in the past week.
COVID-19 aid for India
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Germany delivers aid
A German military aircraft carrying parts of an oxygen production plant headed to India on Wednesday. The plant can generate 400,000 liters of oxygen per day, the Bundeswehr said on Twitter.
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A second aircraft with the remaining parts is due to take off on Thursday.
The deliveries are part of Germany's aid package to help India cope with the coronavirus pandemic.
German Ambassador to India, Walter Johannes Lindner, told DW that Berlin's move "makes a difference in saving lives."
"It was important to act fast," he said in an interview, adding that some 40 other countries had also pledged assistance.
On Saturday, 120 ventilators reached Delhi as well 13 experts to help set up and operate mobile oxygen production units over the next two weeks.