New Delhi: Industry body CII has suggested that the government will include an additional 1 per cent corporate social responsibility levy in the upcoming budget in addition to the mandatory 2 per cent for one year to encourage corporates to spend on providing Covid vaccine booster shots. Can go
The Confederation of Indian Industry (CII) has also urged state governments to lift pandemic-induced restrictions on economic activity, arguing that the occupancy rate of hospital beds due to the Omicron version of Covid is within manageable levels.
“CII suggests that 1 per cent of the mandatory CSR fund should be earmarked for vaccination. We also recommend that an additional 1 per cent be added to the CSR requirements in the budget for a specified period of 12 months, so that boosters are made available. All age-groups,” said CII President TV Narendran.
The chamber said it expects Budget 2022-23 to focus on measures to strengthen economic recovery.
CII requested that the government should encourage the industry to deploy CSR funding towards providing a precautionary shot to the community. Also, the industry is ready to contribute an additional 1 per cent to the National Immunization Mission under CSR norms, in addition to the mandated 2 per cent, and this could be part of the budget only for a period of 12 months, suggested CII.
“The hospitalization rate in the current wave is at manageable levels and hence, the industry feels that the COVID related restrictions may be lifted to continue the robust recovery process,” it said.
Narendran shared that in line with the Prime Minister’s guidance to state governments to impose restrictions where necessary at the local level, CII has written to state chief ministers to consider imposing restrictions on micro-containment zones when hospitalized. The rate of occurrence should be more than 75 percent.
He said that with low levels of hospitalization in the Omicron variant, it is possible to maintain normal economic activities and protect lives and livelihoods.
The CII Chairman emphasized that investments under the National Infrastructure Pipeline and Gati Shakti Program should be fast-tracked and hoped that the budget would provide for the same.
CII has also written suggestions to state chief ministers regarding the level of restrictions on markets and factories.
The industry body said containment in micro-zones should be considered only when 75 per cent of the available hospital beds are occupied. Normal economic activities should continue until this level is breached in a micro-zone and allowed in the rest of the district anyway.
Even in micro-containment zones, all factories may be allowed to function under certain conditions of hygiene and safety. There should be no distinction between essential and non-essential goods and services. All shops may be allowed to open without restrictions in time to avoid crowding at certain times.
However, crowd control is essential to enable social distancing, stressed CII.
It has also requested to expedite the import of all internationally approved mRNA and protein based vaccines at the price fixed by the government. This will open up a booster shot to all sections of the society.
“However, this momentum must continue for full recovery and faster growth in the medium term and ensure that workers and small enterprises do not suffer. Vaccination has helped reduce the impact of Omicron on people’s lives, The current circumstances are conducive to fully opening up the economy while keeping large social gatherings to a minimum,” Narendran said. Read also: See a list of long weekends and public holidays, from January to December
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