SC on #Differential Pricing: Union Budget for Financial Year 2021-2022 had earmarked Rs 35000 crores for procuring vaccines, Central Government is directed to clarify how these funds have been spent so far and why they cannot be utilized for vaccinating persons aged 18-44 years.
Thread* SC on #DifferentialPricing: Centre defended higher pricing as a move to spur competition, which would attract manufacturers that would eventually lower prices

Prima facie, only room for negotiation with 2 vax cos was on price, quantity which have been pre-fixed by Centre
SC: Serious doubts on justification for enabling higher prices as a competitive measure.

Central Govt justifying its lower prices on its ability to place large purchase orders for vax, raises issue as why this rationale not being employed to acquire 100% of monthly CDL doses
#DifferentialPricing | Supreme Court Order: We direct Centre to undertake fresh review of vaccination policy, in light of concerns raised.

Centre must clarify on preparedness with respect to needs of children, in the even third wave.

@AshmitTejKumar reports.

#covidindiainfo

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with CNBC-TV18

CNBC-TV18 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @CNBCTV18Live

2 Jun
Reliance Industries: Co made pre-payment of $7.8 billion of long-term foreign currency debt in FY21 - #AnnualReport
Reliance Ind Annual Report: Mukesh Ambani Says have a strong balance-sheet with high liquidity that will support growth plans. Strong #balancesheet will support growth plans Jio, Retail & O2C.

JioMart continues to grow
in scale wrt traffic, active users & orders
RIL Annual Report | Mukesh Ambani: Ajio.com saw 3x rise in biz on high orders,improvement in all metrics

Qualcomm, Jio successfully tested 5G solns in India,achieved 1 gbps milestone

Demand destruction in H1 saw sharpest global oil demand contraction in decades
Read 5 tweets
2 Jun
SC On Pvt Hospitals: Present system of allowing only digital registration & booking of appointment on CoWIN coupled with current scarcity of vaccines, will ultimately ensure that initially all vaccines, whether free or paid, are 1st availed by the economically privileged.

thread
Supreme Court: Private Hospitals provide a public health service, they still remain private, for-profit entities.

Consequently, they may sell the vaccine doses procured at a higher price.

*Follow thread for more*
Supreme Court: Private hospitals also may not sell all their vaccine doses publicly through appointments on #CoWIN, but rather sell them for lucrative deals directly to private corporations who wish to vaccinate their employees

*Follow thread for more*
Read 4 tweets
2 Jun
SC Order on #Vaccination: SC seeks data on inoculations for both, one dose & two doses.

SC seeks data bifurcated between inoculations in urban areas, rural areas.

SC seeks complete data on Centre’s purchase history of all vaccines till date

@AshmitTejKumar reports.

*Thread
SC order on #vaccination: Centre must clarify on date of purchase, expected date of supply, quantity.

SC seeks clarification on how and when the Govt seeks to vaccinate the remaining population.
Supreme Court order: Copies of all the relevant documents, file notings on the vaccination policy to be placed before us.

Centre has submitted in affidavit that all States will provide free vaccination, all States and UTs to confirm this position before us.
Read 4 tweets
2 Jun
#MarketAtClose | Sharp recovery in RIL & banks helps Sensex & Nifty end flat.
Sensex recovers 399 points & Nifty 116 points from lows.
Nifty Bank rises 304 points from lows, led by SBI & IndusInd.
#MarketAtClose | Midcaps outperform frontliners with index up 1.4% to post record close.
Nifty gains 1 point to 15,576 while Sensex slips 85 points to 51,849
Nifty Bank rises 37 points to 35,374 & Midcap index 388 points to 26,118
#MarketAtClose | Steel stocks make a comeback; Tata steel, JSW up 2% each.
UPL, SBI & Bajaj Fin close at record highs.
Adani shares continue to move higher; Adani Ent up 9%, Adani Ports up 2%
Read 5 tweets
2 Jun
#4QWithCNBCTV18 | Motherson Sumi reports a beat in net profit & topline but operational performance comes in mildly below expectations
#4QWithCNBCTV18 | A lower tax expense propels net profit higher; Motherson's EBITDA margin rises 150 bps on a like-to-like basis, revenue up nearly 18%
#4QWithCNBCTV18 | Among segments, Motherson's SMR biz reports a rise of 7.7% in revenue, EBIT falls 6.8% to Rs 296.4 cr YoY

SMR biz EBIT margin contracts to 9% vs 10.4% (YoY)
Read 5 tweets
1 Jun
#CNBCTV18Exclusive | Chief Economic Adviser KV Subramanian (@SubramanianKri): There is ample space for us to look at how the second wave impact is panning out.
We remain absolutely ready to come up with more measures if necessary, he adds later.
#CNBCTV18Exclusive | Speaking to stakeholders, we will be ready to come up with more measures; Direct Benefit Transfers have been given in the past and we will look at these again says KV Subramanian.
#CNBCTV18Exclusive | @SubramanianKri says, vaccination programme important for the trade, transport, hotel sectors to pick up; Temporary help may be useful and is being thought about w.r.t travel, hotels sectors.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(