FinMin confident of combating downside risk amid rising Covid-19 cases

The finance ministry on Monday said the country was equipped -- on the strength of the vaccination drive and the government’s management of the pandemic -- to combat any downside risks posed by the recent surge in Covid-19 cases.

The ministry’s Economic Affairs Department, in its monthly report, said the capital expenditure (capex) cycle was in motion, and its signs would be seen in the second half of the year.

The confidence has come at a time when the country is seeing an exponential rise in Covid cases.

“As the vaccination drive continuously upscales in India and guided by the learnings of India’s