HYDERABAD FRIDAY NOVEMBER 20, 2020 `7.00 PAGES 28 LATE CITY EDITION OXFORD STUDY CONFIRMS COVID SHOT’S RESPONSE IN ELDERLY The results of Oxford’s Phase-2 trial, published in the Lancet, show the vaccine is better tolerated in people above 56 years FINDINGS GOOD NEWS FOR INDIA ‘VACCINE CAUSES FEW SIDE EFFECTS’ The Oxford University on Thursday confirmed that the Covid vaccine it is developing with AstraZeneca produced strong immune responses in older people, who are at highest risk. The Oxford shot is the best bet for India as it is being manufactured by Pune-based Serum Institute and does not need the cold chain facility for storing unlike Pfizer’s vaccine candidate ■ ■ ■ The study involved 560 adults, 240 of them over 70 years It showed that the vaccine provokes a response in T-cells that target the virus within 14 days of the first dose and a protective antibody response within 28 days of the booster dose The Lancet report says the vaccine causes few side effects | P12 Phase-3 RESULTS OF THE OXFORD VACCINE ARE LIKELY TO BE RELEASED BY CHRISTMAS CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI BIG-TIME RETOOLING OF DEVPT MODELS China to ride on domestic demand India to use tech solutions to grow J AYA N TA R O Y C H O W D H U R Y @ New Delhi STARTING next year, China will rely more on domestic consumption to drive future growth for its $14.34-trillion economy which has used , an export-led model to accelerate its way out of poverty in the past four decades. “From next year on, China will embark on new journey toward fully building a modern socialist country We will foster a new develop. ment paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other,” Chinese president Xi Jinping on Thursday told a meeting of Asia-Pacific Economic Cooperation chief executives. The ratio of foreign trade to GDP has already dropped from 67% in 2006 to less than 32% in 2019, according to Chinese government data. In comparison, India’s foreign trade as a percentage of GDP stood at 40% in 2019. Last month, a conclave of the ruling Communist Party of China had adopted Xi’s formulations for the country’s 14th five-year plan, which will see China adopt a development model where domestic and foreign markets can boost each other, with the domestic market as the mainstay The new development . model comes amid a trade war with the US and a global pandemic, both of which impacted China’s status as the world’s factory with many transnational firms rethinking global supply chains and countries adopting a more protectionist stance to save businesses and CONTINUED ON P10 jobs at home. B I S M A H M A L I K @ Bengaluru Through tech we’ve enhanced human dignity. Millions of farmers receive monetary support in one click. At the peak of lockdown it was technology that ensured the poor received assistance Narendra Modi, PM New development paradigm is a strategic decision we have made based on the current stage of development in China, with full consideration to globalisation Xi Jinping President, China PRIME Minister Narendra Modi on Thursday said India’s regulatory framework is being simplified to promote innovation in the technology sector and the government is actively engaging with key stakeholders for this. “You must be aware of the recent decisions taken by the government to ease compliance burden for the tech industry We are actively . engaging with the stakeholders in the IT industry to chalk out a future policy framework for liberalising the sector and removing the compliance burden,” Modi said while inaugurating the 23rd edition of Bengaluru Tech Summit 2020 virtually . He was referring to the recent announcement by the Ministry of Electronics and Information Technology (MEITY) on removing ITeS/BPO firms from the OSP (Other Service Providers) compliance burden. Hailing MEITY’s recent approval to IT firms allowing their employees to work from their homes or anywhere in India, Modi said the policy decisions are aimed at liberalising the burgeoning tech industry. “India is at a sweet spot. Our tech solutions have the potential to go global and, thanks to technology our schemes have gone , beyond files and changed the lives of people on a large scale,” he added. While admitting that the pandemic had caused disruptions in the economy Modi said it is not the end of the , road and has proven to be a silver lining for the tech industry due to large-scale adoption CONTINUED ON P10 of digital technology . TRS Corporator will be Mayor: KTR V V B A L A K R I S H N A @ Hyderabad TRS has no alliance with the MIM in the GHMC poll. We will contest in all 150 divisions. Last time, TRS won 5 divisions in Old City. Now, we will win 10 KTR, MAUD Minister THE Telang ana Rashtra Samithi (TRS) will not let the All India Majlis-e-Ittehadul Muslimeen (AIMIM) have the Hyderabad Mayor post, but one of pink party’s corporators will assume the office after the GHMC election, asserted TRS working president and Municipal Administration Minister KT Rama Rao on Thursday . Speaking at a ‘Meet the Press’ programme at the Press Club here, Rama Rao exuded confidence that the TRS will win the GHMC polls hands down. Asked about the rumours regarding the TRS leaving the Mayor’s post to the MIM in case of a fractured mandate, he said: “TRS has no alliance with the MIM in the GHMC poll. We will contest in all 150 divisions. Last time, TRS won five divisions in the Old City. This time, we will defeat MIM can- Clearing traffic challans, houses for rain-hit among Bandi’s tall promises EXPRESS NEWS SERVICE @ Hyderabad Once a BJP candidate becomes the Mayor of Hyd, we will make the GHMC clear all challans as the youth were mainly fined Bandi Sanjay, BJP ANXIOUS to win the Greater Hyderabad Municipal Corporation (GHMC) election, BJP State president Bandi Sanjay on Thursday said the party if , elected, will ensure that the civic body pays all the pending traffic challans of citizens. He alleged that the State government has been going after youngsters even when they jump a traffic signal and triple ride. Not stopping at that, Bandi went to the extent of saying that the BJP once in , the saddle, will give whatever the citizens ask for. Speaking at a press conference, he said; “I assure you today that once a BJP candidate becomes the Mayor of Hyderabad, we will make the GHMC clear all challans as it was the youth who were mainly fined.” The Karimnagar MP also offered to provide complete compensation to the flood victims. “We will fully compensate for the damage incurred by the people during the rains. If somebody has lost their house, we will give them a house,” Bandi said. CONTINUED ON P3 didates and win at least 10 divisions in the Old City A wom. an TRS Corporator will be made Mayor.” This time, the Hyderabad Mayor post has been reserved for a woman (general). Enumerating the development works taken up by the TRS government in Hyderabad in the last six years, Rama Rao asked the voters to chose between “divisive” and “decisive” politics. CONTINUED ON P3 EXPRESS READ Education minister for just a few hours Patna: Hours after taking charge, Bihar’s education minister Dr Mewalal Chaudhary was forced to resign after graft charges against him threatened to take the shine off Nitish’s fourth term as CM | P7 Hafiz Saeed sentenced to 10 more years New Delhi: Mumbai terror attack mastermind and Jamatud-Dawa chief Hafiz Saeed was on Thursday sentenced to over 10 years in prison by a Pakistan court in connection with two terror financing cases | P7
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