financetom
Economy
financetom
/
Economy
/
Govt has not procured ventilators ordered from industry: Maruti's Bhargava
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Govt has not procured ventilators ordered from industry: Maruti's Bhargava
Apr 19, 2021 7:17 AM

Maruti Suzuki Chairman RC Bhargava has come strongly against the policy of lockdowns being announced by state governments across the country. In an interview to CNBC-TV18, Bhargava said that the pandemic had to be tackled with micro solutions from different states and not through a blanket approach-like lockdown.

He said that blanket ban on movement of people and on economic activity was an ‘overkill’ and that this round of lockdown could turn out to be the proverbial last nail for many struggling businesses.

He said that the government has not procured ventilators that were ordered from the industry in general. He said Maruti had manufactured in collaboration with AgVA Healthcare, and these were yet to be procured.

Bhargava said that dealers and suppliers were suffering because of the restrictions imposed in many parts of the country. He added that daily wage earners would be hit the hardest.

Reacting to the Delhi government’s decision to impose a 7-day curfew in the state, Bhargava said he was not sure what purpose it would serve. Bhargava said the real problem was people not following COVID protocol, and the country being lax on enforcement of COVID appropriate behavior. He said governments cannot fight the pandemic if the people themselves don’t take appropriate precautions.

(Edited by : Santosh Nair)

First Published:Apr 19, 2021 4:17 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
February Inflation Will Guide Fed's Policy Course: Return To 2% Target Faces Challenges
February Inflation Will Guide Fed's Policy Course: Return To 2% Target Faces Challenges
Mar 11, 2024
The upcoming release of the U.S. Consumer Price Index (CPI) for February is poised to grab the market’s spotlight on Tuesday (March 12). This marks the final crucial piece of inflation data ahead of the Federal Reserve’s crucial rate-setting meeting scheduled for March 21, during which officials will also reveal their latest economic projections. Heading into the release of the...
NY Fed: Consumer outlook on longer-term inflation hit snag in February
NY Fed: Consumer outlook on longer-term inflation hit snag in February
Mar 11, 2024
NEW YORK (Reuters) - The public's expectations around the longer-run trajectory of inflation deteriorated in February, a report from the Federal Reserve Bank of New York said Monday. While inflation a year from now was seen holding steady at 3%, respondents to the bank's latest Survey of Consumer Expectations said that they see inflation three years from now moving to...
January Unemployment Rate Gains Largest in Connecticut, Rhode Island, Washington
January Unemployment Rate Gains Largest in Connecticut, Rhode Island, Washington
Mar 11, 2024
10:17 AM EDT, 03/11/2024 (MT Newswires) -- State-level data released by the Bureau of Labor Statistics Monday showed the unemployment rate rose in four states in January, fell in two states and held steady elsewhere. The largest unemployment rate gains were in Connecticut, Rhode Island, and Washington, where it rose by 0.2 percentage point in each state. North Dakota had...
Weekly Carbon Credit Price Range Contracts, ClearBlue Markets Research Indicates
Weekly Carbon Credit Price Range Contracts, ClearBlue Markets Research Indicates
Mar 11, 2024
12:09 PM EDT, 03/11/2024 (MT Newswires) -- The price range of carbon credits purchased in the week straddling the end of February and the start of March contracted when compared with the previous week, analysis from ClearBlue Markets has shown. In the week from Feb. 26 to March 3, prices of individual carbon credits across all projects ranged between $0.80...
Copyright 2023-2025 - www.financetom.com All Rights Reserved