'Don't want to arrest economy': Sitharaman says govt won't go for lockdowns in a big way
BusinessToday.In April 14, 2021
Union Finance Minister Nirmala Sitharaman has said the government will not go for full lockdown as a measure to tackle the second COVID-19 wave and only rely on measures like local containment zones. In a virtual meeting with World Bank Group President David Malpass, the Union Minister noted the effects of the lockdown on the industry as well as the economy.
She said, "Even with the second wave, we are very clear that we are not going in for lockdowns in a big way. We don't want to totally arrest the economy," she said, adding the industry owners have been speaking with both the state and the central governments.
While talking about the local containment strategy, the Union Minister said, "Local-level isolation of patients of households that have people in quarantine are the methods through which the crisis will be handled, the second wave will be handled."
While elaborating on the federal approach adopted by the Central government in handling the crisis, Sitharaman said, "The continuous interaction between the Centre and the State... the Prime Minister engaging with the elected Chief Ministers of the provinces has kept the information sharing between the Centre and the state going very well."
Sitharaman also talked about the measures taken by the government to promote green, resilient and inclusive development such as vehicle scrapping policy, providing incentives to purchase EVs, ethanol blending programme under National Bio-Fuel Policy and distributing LED bulbs.
Edited by Mehak Agarwal