The summit came a day after India reported 2.61 lakh Covid cases and 1,501 deathsWe are trying to stabilize lives and incomes amidst the Covid-19 crisis, the leaders of India Inc stated at the continuous TheIndianSubcontinent Solutions Summit, while emphasizing that a person can't keep pumping money into the economy.

We are trying to balance lives and incomes.

We are not United States or Europe; We can not keep pumping cash in, Industry body Confederation of Indian Market (CII) stated at the top, which came a day after India reported a record 2.61 lakh brand-new Covid cases and 1,501 deaths.

Lockdown is not a service in today times.

Quick action needs to be taken by the government.

The vaccination drive should be accelerated and vaccines need to be opened to all age groups, Uday Kotak, MD and CEO of Kotak Mahindra Bank and President of CII stated at the Solutions Summit.Referring to the need for decentralisation in Covid management, Uday Kotak said, On one hand, there are advantages of decentralisation and on the other, there is danger of turmoil.

We need to discover a balance.

This can just occur if India operates as one seamless country by going beyond political distinctions.

Mr Kotak accentuated the reality that the majority of large corporations have come forward to aid with oxygen supplies.

The federal government must do whatever it takes to ramp up production, supply and distribution of vaccines, oxygen, etc, Chandrajit Banerjee, Director General, CII said.

Collaboration and vibrant actions are required to cut around red-tape, Mr Banerjee highlighted, stating, production of whatever is required must be increase; we need to do whatever it takes to deal with the situation at hand .

Speaking on how industry might do its part and particularly describing the supply of oxygen, TV Narendran, CEO and MD, Tata Steel, stated, The bottleneck is not the supply of oxygen, but how it is transferred.

Optimisation is the key.

The market body required a boost in vaccine supply and stringent adherence to social distancing norms due to the fact that a significant part of the workforce is listed below 45.

Moreover, it recommended a ban on super spreader events and limiting celebrations/ conferences to 10 participants.

It went on to ensure the federal government of whatever help is required and possible to tide over the Covid situation.Uday Kotak detailed a Covid technique 'concentrated on the here and now - the need to make provisions for bed capability, medicine capacity, vaccination and oxygen.

He said, because of the current discoveries that the virus might be airborne, that we are all grappling and groping in the dark about the virus.

Any containment procedures and restrictions should therefore be based upon professional viewpoints on medical facility capacity accessibility and caseload management, Mr Kotak said.Decisions ought to be taken just after carefully thinking about the effects, so regarding make sure that we as a nation do not lose more lives through loss of livelihoods, Mr Kotak concluded.