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The Jagan Mohan Reddy-led state government did well in asset creation in the crucial education and health sectors

Second COVID-19 wave impact is less enduring: Finance Ministry The report said that the fiscal position of the central government has witnessed an improvement in the recent months with a revival in economic activities during the second half of 2020-21. Share Via Email   |  A+A A- By Express News Service NEW DELHI: As the second COVID-19 wave induces lockdown in many parts and continues to claim lives, the finance ministry on Friday admitted it has posed a downside risk to economic activity in the first quarter of this financial year. However, the ministry was quick to add that damag...

The finance ministry on Friday said that the second wave of coronavirus (Covid-19) has posed a downside risk to economic activity in the April-June quarter of financial year 2022. However, it expects a muted economic impact as compared to the first wave. The finance ministry’s Department of Economic Affairs (DEA) in its Monthly Economic Review for April said “the second wave in India is witnessing a much higher caseload with new peaks of daily cases, daily deaths and positivity rates and presents a challenge to ongoing economic recovery. With infections forcing localised or state-wide ...

Impact of COVID-19 second wave on economy to remain muted: Finance ministry report SECTIONS Last Updated: May 07, 2021, 03:43 PM IST Share Synopsis The fiscal position of the central government, it said, has witnessed an improvement in the recent months with a revival in the economic activities during the second half of FY2020-21. Getty Images The impact of the second wave of the coronavirus pandemic on the economy is likely to remain muted as compared to the first wave, the finance ministry said in its monthly economic report. Admitting that the second wave of the pandemic has posed a downsi...

Representative image (AFP) NEW DELHI: The impact of the second wave of the coronavirus pandemic on the economy is likely to remain muted as compared to the first wave, the finance ministry said in its monthly economic report. Admitting that the second wave of the pandemic has posed a downside risk to economic activity in the first quarter of FY2021-22, the report said "there are reasons to expect a muted economic impact as compared to the first wave. Learning to 'operate with Covid-19', as borne by international experience, provides a silver lining of economic resilience amidst the second wa...