Budget 2022: CII for additional 1% CSR levy to provide Covid-19 vaccine booster shots
NEW DELHI : Industry body CII has suggested the government include an additional 1% corporate social responsibility levy apart from the mandatory 2% for one year in the upcoming Budget to encourage corporates to spend on providing Covid vaccine booster shots.
The Confederation of Indian Industry (CII) has also urged state governments to lift the pandemic-induced restrictions on economic activity, arguing that the occupancy rate of hospital beds due to the Omicron variant of Covid is well within the manageable level. "CII suggests that 1% of mandated CSR funds be earmarked for vaccination.
We also recommend that an additional 1% be added to CSR requirements in the Budget, for a specified period of 12 months, so that boosters can be made available to all age-groups," CII president TV Narendran said.
The chamber said it expects Budget 2022-23 to focus on measures for strengthening economic recovery. CII requested that the government should encourage industry to deploy CSR funding towards providing precautionary shots to the community.
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