The Union Finance Minister Nirmala Sitharaman said on Friday that with the arrival of Covid-19 soon, the country’s economic recovery will gain momentum. He also spoke about the budgetary provision for the Covid-19 vaccine and said that without more details about the vaccine, it will be difficult to comment on the allocation of associated funds.
“Whichever Covid-19 vaccine is approved, we need to know the cost per dose and other details before allocating funds to it,” he told Hindustan Times editor-in-chief R Sukumar on Day 6 of the 2020 Leadership Summit from Hindustan Times.
“We do not know the details of the Covid-19 vaccine. Will it be one dose or two doses? Or will there be recurring doses? Unless we get these details, how much it will cost per dose, we cannot say about the budget provision for the vaccine, “he added.
Also Read: At HTLS 2020, Sitharaman Discusses Economic Recovery, Impact of Covid-19, and More – Highlights
Sitharaman said the environment is very different now compared to when he presented the budget earlier this year. He also shared that although some would describe it as “uneven”, the economic recovery has been taking place steadily.
“All sectors show a clear indication that it is recovering,” he said.
Sitharaman said that inflation in food prices will not continue. “It can be attributed to seasonal fluctuation. With periodic government intervention, the inflation slump will ease, ”he shared.
In addition to Sitharaman, the sixth day of HTLS 2020 also featured the participation of Federico Marchetti and David Andrew Sinclair of YOOX Net-a-Porter Group, professor of genetics and co-director of the Paul F Glenn Center for Research in Biology of Aging at the Harvard Medical School. at the virtual summit.
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