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Saturday, November 27, 2021
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Industries will get enough stockpile of Oxygen once medical need is fulfilled, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said that oxygen supply in the nation has been conveniently planned and will be firmly checked at the district level for the following fifteen days. She said that industries will get the stock of oxygen they need once the medical needs fulfilled since the import of medical oxygen has now been permitted.

Addressing the National executive committee members of the Federation of Indian Chambers of Commerce and Industry (FICCI), Sitharaman additionally said that different new authorizations have been given by the centre, particularly in twelve highly affected states including Delhi, Maharashtra, Uttar Pradesh and Chhattisgarh, to guarantee satisfactory stock of medical oxygen.

“The government has exempted all inter-state movement of oxygen tankers from the requirement of registration and permits. They can operate round the clock. Cylinder-filling plants are operating 24 hours (a day) to fill the gaps with necessary safeguards,” said the finance minister.

On the supply of Covid medications like Remdesivir, Sithraman said that sufficient advances have been taken by the government to guarantee satisfactory stockpile. For instance, fast-track approval has been given for the manufacturing of Remdesivir.

Sitharaman said production of the medication will be increased to one lakh vials each month in the upcoming few months. She explained on India’s expanded drug limit.

The finance minister, during the virtual communication with FICCI individuals, guaranteed the business of the centre’s help. She told the corporates that the government is watching out for all advancements on the Covid front and it will find every possible way to achieve positive change.

With Covid cases more than three lakh mark, the business is suspicious about development. However, Sitharaman encouraged them to trust that the next couple of days will survey the circumstance.

She said, “With the Prime Minister’s address to the nation, along with the new vaccination guidelines and the five-fold strategy adopted in handling Covid-19 cases — i.e., test, track, treat, Covid-19 protocol and vaccination — there will be a sense of reassurance.”

“With all these steps, we should hope to see a positive change in the way the second wave of the pandemic is moving. I would want you (industry) to keenly observe what is going on. We are together with the industry in (fighting) this (pandemic). I am sure all of us together will understand how best to now ramp up and sustain the growth momentum which we are keen to see between the last quarter and this one,” she further said.

With both the national capital and the financial capital under Covid-initiated lockdowns, corporates have set themselves up to keep the store network moving.

The Emergency Credit Line Guarantee Scheme (ECGLS 2.0) has been stretched out by the government to the most exceedingly awful hit areas, including hospitality, travel industry and aviation.

The FICCI members demanded to help micro, small and medium enterprises (MSMEs) too on the grounds that they are presently confronting challenges. FICCI President Uday Shankar additionally asked the finance minister to illuminate what are essential and non-essential goods as that disarray is making inconvenience for specific areas.

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