Corona Vaccination: Under the new vaccination policy of the Center from June 21, the government’s free campaign will cover all the youth of the states. In this episode, Chief Economic Adviser KV Subramaniam said on Thursday that the country may require an additional expenditure of Rs 15,000 crore to implement the new vaccine policy of the Center on a budgetary allocation of Rs 35,000 crore. Thus, it will be necessary for the centre to buy 75 percent more dosage of products made in India for its campaign.
Under the current vaccination policy effective from May 1, the Center procured 50 percent of the vaccines produced in India. Vaccine manufacturers can sell 50 percent of their production directly to states (25 percent) and private players (25 percent). However, now the Center, in addition to its 50 per cent, will also procure 25 per cent from the state quota and distribute supplements to states based on certain parameters as part of the new policy.
Budgetary allocation can be increased
The government has so far spent about Rs 6000 crore on the vaccination program across the country. Finance Minister Nirmala Sitharaman has expressed her desire to increase the budgetary allocation. Earlier this month, Sitharaman called for front-loading of capital expenditure, saying it is crucial to reviving the economy after the coronavirus pandemic. Subramaniam said that at 34 per cent of GDP, gross fixed capital formation in the fourth quarter was the highest in 24 quarters. The fiscal deficit for 2021-22 was kept at 6.5 percent.
PM Garib Kalyan Anna Yojana extended till Diwali
On June 7, Prime Minister Narendra Modi announced that the Pradhan Mantri Garib Kalyan Anna Yojana would be extended till Diwali. Subramaniam said that the expansion done under the scheme is Rs 70,000 crore, as the vaccination has been extended to the entire population.
Vaccines can be given to 1 crore people every day
Finance Minister Nirmala Sitharaman said that the peak achieved by the Center in corona vaccination is about 42 lakh per day and for this, we have done 8-9 hour shifts. The amount of vaccine will increase in the months of August and September. Then easily 80-84 lakh people can be vaccinated. Along with this, the target of 1 crore shots per day can also be achieved by increasing the time of vaccination per day.
The Chief Economic Advisor said that India is now one of the most competitive countries in terms of the corporate tax rate. He said that the G7 nations are now considering what India had earlier fixed on the corporate tax rate.