Here's how Covid vaccine is related to India's economy
Prime Minister Narendra Modi on Saturday while attending G7 summit virtually, made a strong plea for a temporary waiver on Covid-19 vaccine patents. The GST Council on Saturday decided to slash rates of several Covid-relief items to 5 per cent from existing 12 to 18 per cent levels but kept the much anticipated tax rate on vaccines unchanged at 5 per cent. In a shocking revelation at a time when there is vaccine shortage in the country, only 17.05 per cent of the total vaccines received from the Centre were used by the private hospitals in May, says government data.
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Prime Minister Narendra Modi on Saturday while attending G7 summit virtually, made a strong plea for a temporary waiver on Covid-19 vaccine patents. The GST Council on Saturday decided to slash rates of several Covid-relief items to 5 per cent from existing 12 to 18 per cent levels but kept the much anticipated tax rate on vaccines unchanged at 5 per cent. In a shocking revelation at a time when there is vaccine shortage in the country, only 17.05 per cent of the total vaccines received from the Centre were used by the private hospitals in May, says government data.
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