‘We are prepared to do what we think is right’
February 07, 2021
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International rating agencies, if they properly understand what we are doing are unlikely to be too alarmed by the expansionary Budget
Finance Minister Nirmala Sitharaman said before the Budget this will be a historic budget and once in a 100 year one. She has lived up to that; the Budget 2021 has proved to be very different in ways more than one. At the
BusinessLine webinar on “Decoding the Budget 2021-22”, Expenditure Secretary TV Somanathan, one of the key architects of this expansionary budget, explains to Raghuvir Srinivasan, Editor,
Hindu BusinessLine the salient parts of the Budget, its philosophy and how it will help in triggering a rapid pace of economic growth. Edited excerpts:
Read more about FCI will have just Rs 59K cr of NSSF loans by FY22-end: Expenditure secy on Business Standard. Lower loans will decrease FCI s interest burden by Rs 17,000-18,000 crore annually, say officials
PM-CARES fund to pay for 80% vaccines in Phase 1 of Covid vaccination drive
PM-CARES fund to pay for 80% vaccines in Phase 1 of Covid vaccination drive For January-March the (vaccination) cost is expected to be about Rs 2,700 crore approximately. Part of it is coming from the Health Ministry and some part of it is funded from the PM CARES fund, Expenditure Secretary T V Somanathan said.
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UPDATED: February 3, 2021 07:57 IST
[REPRESENTATIVE IMAGE] Union Health Minister Dr Harsh Vardhan holding a vial of Covid-19 vaccine at AIIMS, Delhi on January 16, 2021 (Photo Credits: PTI)
The PM-CARES fund, which has been set up to provide relief during the coronavirus pandemic, has contributed over Rs 2,200 crore for the first phase of vaccination drive, which is looking to inoculate frontline healthcare workers, the Expenditure Secretary said on Tuesday.
Read more about Focus on capex does not make Budget inflationary: Expenditure Secretary on Business Standard. We expect the cost of the vaccination to be Rs 700 per person. This includes the price of two shots at Rs 200-250 each, says Somanathan