CII sought an additional 1% of CSR revenue in the budget to fund Covid-enhanced footage
New Delhi:
Industry body Confederation of Indian Industries (CII) has suggested that above and above the mandatory 2% corporate social responsibility (CSR) levy, an additional 1% should also be included in the budget. upcoming union to encourage companies to spend on providing booster shots of the Covid vaccine.
“Government should encourage the industry to deploy CSR funding towards providing preventive measures to the community. Furthermore, the industry is willing to contribute an additional 1% of the CSR norm to the national immunization mission. countries, in addition to the required 2%, and this could be only part of the budget over a 12-month period,” said CII TV President Narendran.
It also called on state governments to lift pandemic-induced restrictions on economic activity, arguing that hospital bed occupancy rates due to the Omicron variant of Covid were within manageable levels.
The House of Representatives said it hoped the budget would focus on measures to strengthen the economic recovery.
Following the prime minister’s direction to state governments to implement restrictions when required at the local level, the CII has written to state heads to consider restricting microcontainment zones when rates are high. Hospitalization rate is over 75%, Mr. Narendran shared.
With lower hospitalizations in the Omicron variant, he adds, it is possible to maintain normal economic activities and protect lives and livelihoods.
The CII President stressed that investments under the National Infrastructure Pipeline (NIP) and the Gati Shakti program must be tracked quickly and it is expected that the budget will provide for this.
The industry body also requires fast-tracking the import of all internationally approved mRNA and protein-based vaccines at government-determined prices. This will open up reinforcements for all sections of society. With demand picking up again, the economy is expected to post a 9.2% growth rate between 2021-22, it added.
