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News in Short

News in Short - 14-October-2020

WHO warns against pursuing herd immunity

Date: 14 October 2020 Tags: Miscellaneous
  • The head of the World Health Organization warned against the idea that herd immunity might be a realistic strategy to stop the coronavirus pandemic.
  • WHO director-general said that health officials typically aim to achieve herd immunity,  where the entire population is protected from a virus when the majority are immune, by vaccination. 
  • WHO estimates less than 10% of the population has any immunity to the coronavirus, meaning the vast majority of the world remains susceptible.

Sri Lanka to secure $500mn loan from China

Date: 14 October 2020 Tags: Miscellaneous
  • Colombo is negotiating a $500 million loan with Beijing, as it gears up to repay a daunting $4.5 billion of its outstanding debt next year.
  • This is in addition to Beijing’s $90 million grant to Sri Lanka. If sanctioned, the new loan would take Sri Lanka’s total borrowings from China this year over $1 billion.
  • The negotiations come at a time when Sri Lanka is mulling ways to repay its mounting foreign loans.

Indian origin philanthropist Harish Kotecha wins lifetime achievement award in US

Date: 14 October 2020 Tags: Honours & Awards
  • Indian-origin philanthropist Harish Kotecha has been awarded the prestigious Sandra Neese Lifetime Achievement Award in recognition of his work in the U.S. for meeting the needs of children and youth experiencing homelessness.
  • The lifetime achievement award from the National Association for the Education of Homeless Children and Youth (NAEHCY) was presented to Kotecha, who is founder and president of Hindu Charities for America (HC4A).
  • Sandra Neese Lifetime Achievement Award is presented annually to honour people who have tirelessly worked to ensure that all children may have what most take for granted: safety, shelter, and a future.

Former Indian football captain Carton Chapman passes away

Date: 14 October 2020 Tags: Obituaries
  • Former India football captain Carlton Chapman, who had formed a deadly trio in club football with Bhaichung Bhutia and IM Vijayan in the 1990s, passed away. He was 49.
  • A creative midfielder, Chapman played for India between 1995 and 2001 and the country won the 1997 SAFF Cup under his captaincy. At the club level, he had two successful spells with East Bengal and one with now-defunct JCT Mills.
  • A product of the Tata Football Academy in early 1990s, Chapman joined East Bengal in 1993 and scored a hat-trick in his team's 6-2 win against Iraq club Al Zawra in a first round match at the Asian Cup Winners Cup that year.
  • As coach, Chapman had stints with I-League 2nd Division club Tata Football Academy, Royal Wahingdoh FC of Shillong, and Sudeva Moonlight FC of Delhi before becoming the Technical Director of the Kozhikode-based Quartz International Football Academy in 2017.

Nobel prize for Economics

Date: 14 October 2020 Tags: Honours & Awards
  • U.S. economists Paul Milgrom and Robert Wilson won the Nobel Economics Prize for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies.
  • Mr. Wilson, a professor at Stanford in the U.S., was spotlighted for developing a theory for auctions with a common value, “a value which is uncertain beforehand but, in the end, is the same for everyone.
  • Mr. Milgrom, also at Stanford, then came up with a more general theory of auctions, by analysing bidding strategies in different auction forms.