Finance Minister Nirmala Sitharaman on Monday stated she has taken inputs from varied business chambers on considerations of India Inc with regard to the administration of COVID pandemic and the centre would proceed to work with state governments to avoid wasting lives and livelihood.

She sought suggestions from companies to cope with the impression of the second COVID-19 wave on the nation’s financial system.

It’s to be famous that the financial system contracted by a whopping 23.9 per cent within the first quarter (April-June) of the earlier monetary 12 months because of the outbreak of the COVID-19 pandemic.

“Spoke on phone with every of the next enterprise/Chamber leaders. Took their inputs on business/Affiliation associated issues. Knowledgeable them that GoI at varied ranges from @PMOIndia is responding to #Covid administration. Working along with states for lives and livelihoods,” she stated in a tweet.

The Finance Minister had interactions with heads of business chambers together with CII president Uday Kotak, Uday Shankar, president Ficci, and Vineet Agarwal president Assocham.

She additionally spoke to many enterprise leaders like Tata Metal managing director T V Narendran, L&T chairman A M Naik, TCS managing director Rajesh Gopinathan, Maruti Suzuki chairman R C Bhargava, TVS Group chairman Venu Srinivasan and Hero Moto Corp managing director Pawan Munjal to take their suggestions on state of affairs arising out of surging COVID-19 instances and native containments.

Final week, the Finance Minister made it clear that the federal government wouldn’t go for lockdowns in a giant means and solely resort to native containment to interrupt the COVID-19 chain.

“Even with the second wave, we’re very clear that we aren’t stepping into for lockdowns in a giant means. We do not need to completely arrest the financial system. The native stage isolation of sufferers, or households which have individuals in quarantines are the strategies by which the disaster might be dealt with, the second wave might be dealt with. There shall not be lockdown,” Sitharaman had stated.

Every day common COVID-19 instances throughout the nation crossed 1.7 lakh on Sunday. India’s whole tally of COVID-19 instances crossed 1.50 crore with a file single-day rise of two,73,810 new coronavirus infections, whereas the energetic instances surpassed the 19-lakh mark, in keeping with the Union Health Ministry knowledge up to date on Monday.