Market ought to have faith and feel that the government is available: Financing MinisterFinance Minister Nirmala Sitharaman on Tuesday stated there need to be complete trust in between the industry and the federal government to sustain growth amidst the COVID-19 scenario.
Sitharaman, dealing with a workshop organised by the Merchants' Chamber of Commerce - & Industry here, stated the Centre has taken a number of steps to ensure that revival of the economy continues regardless of a raving second wave of the pandemic.
There need to be complete trust both in between the federal government and the industry and vice versa to sustain growth.
There should not be disruptions in the continuity, which causes mistrust or distrust.
The market needs to have faith and feel that the federal government is available, she said.Citing the cordial relations in between the Reserve Bank of India and the Centre, Sitharaman stated the reserve bank and the federal government have constantly worked together to benefit the economy and the nation.
Throughout this continuous second wave, look at the actions which we have actually taken.
Revival will continue to occur.
Sentiments can not fall so quickly.
Our interest the industry is to have rely on the government, the finance minister added.Sitharaman stated the central government has disbursed Rs 4,650 crore to the Serum Institute of India and Bharat Biotech for vaccine production till July, which will be available totally free in federal government hospitals.
We hope the second wave can be stifled through micro-containment zones as the federal government is not in favour of an all-across lockdown like in 2015, which has adverse effect on migrant workers, she said.Speaking about West Bengal, the minister stated markets in Bengal need oxygen to succeed in addition to a globalised technique.
Industries in the state need a lot more oxygen to grow.
The history of India was written from Bengal ...
but even a signature product like the Darjeeling tea is now suffering.
Kolkata used to shine with markets in the past, it must do so again.
Bengal and its tradition has to be preserved and protected, the senior BJP leader stated.
Later, speaking to press reporters, Sitharaman stated there is no doubt that the BJP is coming to power in West Bengal, where every sector requires help .
When the saffron power forms federal government in the state, funds will be offered to the farmers.
Our manifesto had elaborated in information about the revival of Bengal s economy, she stated.