Vaccines the only way for eco recovery: FM – Times of India

CHENNAI: Finance Minister Nirmala Sitharaman on Sunday underscored the need for vaccination not only to help prevent a possible third wave of Covid infections but also to prop up economic activity, calling it the only medicine that can help people go about their business. allows you to go about.
“Vaccination is going smoothly in the country and till now, 73 crore people have got employment… Through the programme, people were able to do business, traders were able to purchase products to run business, were boosting the economy, or farmers were able to do farming. Therefore, vaccination is the only medicine,” she said at the centenary celebrations in Tuticorin. Tamil Nadu Mercantile Bank (TMB)
Sitharaman’s team of economists in the finance ministry has repeatedly emphasized the ramp-up of vaccination for faster economic growth.
on Sunday, FM Said support through Viability Gap funding will help the health system cope with a possible third wave. “Through the TMB report, we are able to see that they take the schemes announced by the ministry to the beneficiaries (like hospitals)… Not only public sector banks, private sector banks should also follow the same He said that every person is entitled to banking service.
The FM also said that the public sector banks are now looking stable. “The problems faced by the banking sector also affect the business dependent on banks. With the government exiting banks through developmental or development finance due to increase in bad loans, the energy and resources of the banks were diverted towards recovery of loans,” she said.

.