Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Finance Ministry not for lockdown     </title>
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Ministry concedes Q1 growth to be hit, bats for expanding vaccination pace.

The second COVID-19 wave which is spreading fast beyond the worst-affected districts in the country, could dent economic activity till June this year, and expanding vaccination pace in..."/>
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Ministry concedes Q1 growth to be hit, bats for expanding vaccination pace.

The second COVID-19 wave which is spreading fast beyond the worst-affected districts in the country, could dent economic activity till June this year, and expanding vaccination pace in..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Ministry concedes Q1 growth to be hit, bats for expanding vaccination pace.</em></p><p style="text-align:justify">The second COVID-19 wave which is spreading fast beyond the worst-affected districts in the country, could dent economic activity till June this year, and expanding vaccination pace in the country is the &ldquo;need of the hour&rdquo;, the Finance Ministry said on Friday.</p><p style="text-align:justify">The Ministry also indicated it is not in favour of a national lockdown to curb the pandemic, citing global experience of handling the second wave of COVID-19.</p><p style="text-align:justify">While India&rsquo;s second wave has seen new peaks in daily cases and deaths, active cases as well as positivity rates, the ministry said that the policy response is in sync with the &lsquo;global experience&rsquo; and includes localized micro-containment measures, State-specific movement restrictions, mobilization of health supplies and ramping up of health infrastructure.</p><p style="text-align:justify">The impact of restrictions currently in place in the country, is evident in a decline in the Google mobility indicator to -37% in April 2021 from around -22% in March, the Department of Economic Affairs in the Finance Ministry said in its monthly economic report for April.</p><p style="text-align:justify">&ldquo;Global experience also suggests that economic impacts from subsequent waves are smaller than from the first as economies learn to &lsquo;operate with COVID&rsquo;. The increased coverage of population under vaccination has been effective both in controlling the spread of Covid and boosting mobility,&quot; it said.</p><p style="text-align:justify">&ldquo;The second wave of COVID-19 has posed a downside risk to economic activity in the first quarter of FY 2021-22. However, there are reasons to expect a muted economic impact as compared to the first wave. Learning to &ldquo;operate with COVID-19&rdquo;, as borne by international experience, provides a silver lining of economic resilience amidst the second wave,&rdquo; the report stated.</p><p style="text-align:justify">During April, the share of top 15 districts declined both for new cases and deaths, suggesting that the new variant is highly contagious and has begun to spread to other parts of the country, the finance ministry said, adding that active cases are rising at a faster pace in the 2nd wave, &#39;with 5 lakh cases added in just 4 days &ndash; compared to 50 days during the peak of the first wave&#39;.</p><p style="text-align:justify">&quot;The need of the hour is to expand vaccination at a fast pace,&quot; the ministry has said, in order to cope with the downside risks to the economy due to growing infections and consequent restrictions.</p><p style="text-align:justify">&ldquo;At this juncture, rapid vaccination lends a ray of hope. April 2021 saw a doubling of global vaccination rates and a concomitant lowering of average transmission rates in countries with high vaccination rates. With vaccines doubly effective in battling the spread and shielding the economy, global cooperation is critical to ensuring availability of vaccines in all countries and addressing inter-country disparities in vaccination rates at the earliest,&rdquo; it urged.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true" title="https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true">click here</a> to read more.</p>                                                           
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Ministry concedes Q1 growth to be hit, bats for expanding vaccination pace.

The second COVID-19 wave which is spreading fast beyond the worst-affected districts in the country, could dent economic activity till June this year, and expanding vaccination pace in..."/>
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    <h1 class="cat-box-title">Finance Ministry not for lockdown </h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Ministry concedes Q1 growth to be hit, bats for expanding vaccination pace.</em></p><p style="text-align:justify">The second COVID-19 wave which is spreading fast beyond the worst-affected districts in the country, could dent economic activity till June this year, and expanding vaccination pace in the country is the &ldquo;need of the hour&rdquo;, the Finance Ministry said on Friday.</p><p style="text-align:justify">The Ministry also indicated it is not in favour of a national lockdown to curb the pandemic, citing global experience of handling the second wave of COVID-19.</p><p style="text-align:justify">While India&rsquo;s second wave has seen new peaks in daily cases and deaths, active cases as well as positivity rates, the ministry said that the policy response is in sync with the &lsquo;global experience&rsquo; and includes localized micro-containment measures, State-specific movement restrictions, mobilization of health supplies and ramping up of health infrastructure.</p><p style="text-align:justify">The impact of restrictions currently in place in the country, is evident in a decline in the Google mobility indicator to -37% in April 2021 from around -22% in March, the Department of Economic Affairs in the Finance Ministry said in its monthly economic report for April.</p><p style="text-align:justify">&ldquo;Global experience also suggests that economic impacts from subsequent waves are smaller than from the first as economies learn to &lsquo;operate with COVID&rsquo;. The increased coverage of population under vaccination has been effective both in controlling the spread of Covid and boosting mobility,&quot; it said.</p><p style="text-align:justify">&ldquo;The second wave of COVID-19 has posed a downside risk to economic activity in the first quarter of FY 2021-22. However, there are reasons to expect a muted economic impact as compared to the first wave. Learning to &ldquo;operate with COVID-19&rdquo;, as borne by international experience, provides a silver lining of economic resilience amidst the second wave,&rdquo; the report stated.</p><p style="text-align:justify">During April, the share of top 15 districts declined both for new cases and deaths, suggesting that the new variant is highly contagious and has begun to spread to other parts of the country, the finance ministry said, adding that active cases are rising at a faster pace in the 2nd wave, &#39;with 5 lakh cases added in just 4 days &ndash; compared to 50 days during the peak of the first wave&#39;.</p><p style="text-align:justify">&quot;The need of the hour is to expand vaccination at a fast pace,&quot; the ministry has said, in order to cope with the downside risks to the economy due to growing infections and consequent restrictions.</p><p style="text-align:justify">&ldquo;At this juncture, rapid vaccination lends a ray of hope. April 2021 saw a doubling of global vaccination rates and a concomitant lowering of average transmission rates in countries with high vaccination rates. With vaccines doubly effective in battling the spread and shielding the economy, global cooperation is critical to ensuring availability of vaccines in all countries and addressing inter-country disparities in vaccination rates at the earliest,&rdquo; it urged.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true" title="https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true">click here</a> to read more.</p>                                                           
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Ministry concedes Q1 growth to be hit, bats for expanding vaccination pace.

The second COVID-19 wave which is spreading fast beyond the worst-affected districts in the country, could dent economic activity till June this year, and expanding vaccination pace in..." />
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    <h1 class="cat-box-title">Finance Ministry not for lockdown </h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Ministry concedes Q1 growth to be hit, bats for expanding vaccination pace.</em></p><p style="text-align:justify">The second COVID-19 wave which is spreading fast beyond the worst-affected districts in the country, could dent economic activity till June this year, and expanding vaccination pace in the country is the &ldquo;need of the hour&rdquo;, the Finance Ministry said on Friday.</p><p style="text-align:justify">The Ministry also indicated it is not in favour of a national lockdown to curb the pandemic, citing global experience of handling the second wave of COVID-19.</p><p style="text-align:justify">While India&rsquo;s second wave has seen new peaks in daily cases and deaths, active cases as well as positivity rates, the ministry said that the policy response is in sync with the &lsquo;global experience&rsquo; and includes localized micro-containment measures, State-specific movement restrictions, mobilization of health supplies and ramping up of health infrastructure.</p><p style="text-align:justify">The impact of restrictions currently in place in the country, is evident in a decline in the Google mobility indicator to -37% in April 2021 from around -22% in March, the Department of Economic Affairs in the Finance Ministry said in its monthly economic report for April.</p><p style="text-align:justify">&ldquo;Global experience also suggests that economic impacts from subsequent waves are smaller than from the first as economies learn to &lsquo;operate with COVID&rsquo;. The increased coverage of population under vaccination has been effective both in controlling the spread of Covid and boosting mobility,&quot; it said.</p><p style="text-align:justify">&ldquo;The second wave of COVID-19 has posed a downside risk to economic activity in the first quarter of FY 2021-22. However, there are reasons to expect a muted economic impact as compared to the first wave. Learning to &ldquo;operate with COVID-19&rdquo;, as borne by international experience, provides a silver lining of economic resilience amidst the second wave,&rdquo; the report stated.</p><p style="text-align:justify">During April, the share of top 15 districts declined both for new cases and deaths, suggesting that the new variant is highly contagious and has begun to spread to other parts of the country, the finance ministry said, adding that active cases are rising at a faster pace in the 2nd wave, &#39;with 5 lakh cases added in just 4 days &ndash; compared to 50 days during the peak of the first wave&#39;.</p><p style="text-align:justify">&quot;The need of the hour is to expand vaccination at a fast pace,&quot; the ministry has said, in order to cope with the downside risks to the economy due to growing infections and consequent restrictions.</p><p style="text-align:justify">&ldquo;At this juncture, rapid vaccination lends a ray of hope. April 2021 saw a doubling of global vaccination rates and a concomitant lowering of average transmission rates in countries with high vaccination rates. With vaccines doubly effective in battling the spread and shielding the economy, global cooperation is critical to ensuring availability of vaccines in all countries and addressing inter-country disparities in vaccination rates at the earliest,&rdquo; it urged.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true" title="https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true" class="re" target="_blank">The Hindu, 7 May, 2021, https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

Finance Ministry not for lockdown

Published on May 7, 2021   Modified on May 8, 2021

-The Hindu Ministry concedes Q1 growth to be hit, bats for expanding vaccination pace. The second COVID-19 wave which is spreading fast beyond the worst-affected districts in the country, could dent economic activity till June this year, and expanding vaccination pace in the country is the “need of the hour”, the Finance Ministry said on Friday. The Ministry also indicated it is not in favour of a national lockdown to curb the pandemic, citing global experience of handling the second wave of COVID-19. While India’s second wave has seen new peaks in daily cases and deaths, active cases as well as positivity rates, the ministry said that the policy response is in sync with the ‘global experience’ and includes localized micro-containment measures, State-specific movement restrictions, mobilization of health supplies and ramping up of health infrastructure. The impact of restrictions currently in place in the country, is evident in a decline in the Google mobility indicator to -37% in April 2021 from around -22% in March, the Department of Economic Affairs in the Finance Ministry said in its monthly economic report for April. “Global experience also suggests that economic impacts from subsequent waves are smaller than from the first as economies learn to ‘operate with COVID’. The increased coverage of population under vaccination has been effective both in controlling the spread of Covid and boosting mobility," it said. “The second wave of COVID-19 has posed a downside risk to economic activity in the first quarter of FY 2021-22. However, 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 wave,” the report stated. During April, the share of top 15 districts declined both for new cases and deaths, suggesting that the new variant is highly contagious and has begun to spread to other parts of the country, the finance ministry said, adding that active cases are rising at a faster pace in the 2nd wave, 'with 5 lakh cases added in just 4 days – compared to 50 days during the peak of the first wave'. "The need of the hour is to expand vaccination at a fast pace," the ministry has said, in order to cope with the downside risks to the economy due to growing infections and consequent restrictions. “At this juncture, rapid vaccination lends a ray of hope. April 2021 saw a doubling of global vaccination rates and a concomitant lowering of average transmission rates in countries with high vaccination rates. With vaccines doubly effective in battling the spread and shielding the economy, global cooperation is critical to ensuring availability of vaccines in all countries and addressing inter-country disparities in vaccination rates at the earliest,” it urged. Please click here to read more.

The Hindu, 7 May, 2021, https://www.thehindu.com/news/national/covid-19-surge-finance-ministry-pushes-for-speedier-vaccination/article34505097.ece?homepage=true

Tagged with: Ministry of Finance Covid-19 Coronavirus Lockdown Economic Growth

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