Finance Ministry

The 'Monthly Economic Review' for April 2021 published by the Department of Economic Affairs (DEA) said that learning to "operate with COVID-19" provides a silver lining of economic resilience amidst the second wave. "The second wave of COVID-19 has posed a downside risk to economic activity in the first quarter of FY 2021-22. Learning to "operate with COVID-19", as borne by international experience, it said

The Finance Ministry has released an amount of Rs 8,873.6 crore in advance towards central share of the State Disaster Response Fund (SDRF) for FY22 to help states in their fight against Covid-19. The advance release of 1st instalment of central share towards SDRF has been released as a special dispensation on the recommendations of the home ministry.

The Department of Expenditure has issued fresh guidelines in this regard on the "Scheme of Financial Assistance to States for Capital Expenditure" for the financial year 2021-22. The Finance Minister in her budget speech had announced that the Centre would take measures to nudge states to spend more on infrastructure and to incentivise disinvestment of their public sector enterprises.