The Confederation of Indian Industry (CII) has suggested that the government should make an additional provision of one per cent in addition to the mandatory two per cent under Corporate Social Responsibility (CSR) in the upcoming general budget. This move will encourage companies to provide booster doses of the Kovid-19 vaccine.
Budget 2022: The Confederation of Indian Industry (CII) has suggested that the government should make an additional provision of one per cent in addition to the mandatory two per cent under Corporate Social Responsibility (CSR) in the upcoming general budget. This move will encourage companies to provide booster doses of the Kovid-19 vaccine. CII has requested the state governments to lift the restrictions imposed on economic activities due to the pandemic, as the number of patients admitted to hospitals due to the oomicron nature of the corona virus is not very high.
CII President TV Narendran said that CII suggests that a provision should be made to keep one percent of the mandatory CSR fund for vaccination. An additional one per cent fee in the budget may be added to the CSR requirements for a period of 12 months, to provide a precautionary dose to people of all age groups. CII expressed hope that the upcoming budget will focus on strengthening the economic recovery.
Appeal to the government to remove restrictions related to Corona
CII said that the number of patients admitted to hospitals in the current Kovid wave is not high. And therefore the industry feels that the restrictions related to Kovid can be removed, so that the process of getting the economy back on track continues.
Apart from this, the Finance Ministry is expected to come out with the Economic Survey for 2021-22 in a single volume, in which growth of about 9 percent will be estimated for the next financial year. The survey is placed in the Parliament by the Finance Minister before the Union Budget. It is being prepared by the Principal Economic Advisor and other officials in the absence of the Chief Economic Adviser (CEA). The first economic survey of the Modi government was also prepared by senior economic advisor Ila Patnaik. It was introduced by the then Finance Minister Arun Jaitley.
At that time the post of CA was vacant. Raghuram Rajan was appointed as the Reserve Bank of India. After this, in October 2014, he was brought in as Arvind Subramanian. KV Subramanian completed his three-year tenure as a CA on December 6 last year. The government has already started the process of appointing a CA, who is a secretary rank officer attached to the finance ministry.