Ahead of the upcoming Budget, the Confederation of Indian Industry (CII) on Sunday recommended introduction of an additional 1% corporate social responsibility (CSR) levy for a 12-month period to be used for providing ‘precautionary’ shots of COVID-19 vaccine.
The industry body also urged the State governments to lift restrictions on economic activity. It reasoned that the occupancy rate of hospital beds due to the Omicron variant of coronavirus was well within the manageable level.
