: Wednesday, May 12, 2021, 11:53 AM IST
Waterways are set to be the new highways in our future, writes Dr Niranjan Hiranandani, NAREDCO President
They are cost-effective, environment-friendly and can supplement the congested and pressured road and rail networks
If we were to say transportation is to the country what blood circulation is to the body, it would not be an exaggeration. Transportation has always played an important role when it comes to the development of the country. Given its diverse topography, India enjoys a plethora of transportation to choose from. Inland waterways are one of the options, the least developed so far.
Most economists expect it to record double digit growth in the current fiscal year. (Representative image)
NEW DELHI: India is well armed to combat any downside risk posed by the recent surge in Covid cases, a finance ministry report said on Monday, asserting that the recovery is resilient with sustained improvement in majority of high-frequency indicators.
“After battling a historic pandemic in FY21, the Indian economy is poised to build back better and stronger as is reflected in the movement of several high-frequency indicators,” according to the monthly economic report of the finance ministry.
The report by the finance ministry’s department of economic affairs said instrumental in this resilient comeback will be a strong revival in investment growth supported by the Atmanirbhar Bharat Mission and a massive boost to infrastructure and capital expenditure provided for in the budget 2021-22.
‘India well-armed to combat downside risks posed by surge in Covid cases’
April 05, 2021
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India is emphasising on a five-fold strategy to curb the tide of new cases, says Finance Ministry report
The Finance Ministry, on Monday, expressed confidence of ‘combating any downside risk’ arising out of the second wave of Covid.
“As the vaccination drive continuously upscales in India and guided by the learnings of India’s successful management of pandemic during its first wave, India is now well-armed to combat any downside risk posed by the recent surge in Covid-19 cases. With the end of a challenging FY21, the crest of a brighter and self-reliant FY22 awaits India,” said a monthly report prepared by the Economic Affairs Department of the Finance Ministry.
Indian economy well prepared to handle second wave of COVID-19: FinMin
Despite the surge in cases, it said, the recovery in economy is resilient with sustained improvement in majority of high frequency indicators.
BusinessToday.In | April 5, 2021 | Updated 16:40 IST
India is well-equipped with adequate testing and health infrastructure, and economic activity has adapted to the pandemic, the ministry said.
Backed by vaccinations and the experience from controlling the first wave of coronavirus pandemic, the Indian economy is well prepared to handle any downside risks posed by the second wave of COVID-19 cases, the Finance Ministry has said.
India is well-equipped with adequate testing and health infrastructure, and economic activity has adapted to the pandemic. This prospect is, further, bolstered by the fast roll-out of vaccination, the Department of Economic Affairs said in its monthly economic review.
‘India delayed second wave, can contain economic impact’
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Finance Ministry report stresses testing, effective isolation and contact tracing
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Fighting the virus: People registering for COVID-19 vaccines during an inoculation drive at a centre in Delhi on Monday.
| Photo Credit:
SUSHIL KUMAR VERMA
Finance Ministry report stresses testing, effective isolation and contact tracing
Though India is in the middle of a second wave of COVID-19 infections, with a new peak of over 1 lakh cases reported on Sunday, the Finance Ministry stressed on Monday that the country had been able to delay the onset of the second wave and was well armed to cope with downside risks to the economy.