‘Q1 growth reaffirms V-shaped recovery’

In its latest Monthly Economic Review, the Ministry expressed concern over high incidence of Covid cases in Kerala and Maharashtra and underlined the need for strengthening pandemic control in the two states.

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Finance MInister Nirmala Sitharaman (File)

The V-shaped recovery in the first quarter of the current fiscal, despite the second wave of the coronavirus pandemic, is a testimony to India’s strong macroeconomic fundamentals, according to the Finance Ministry.

In its latest Monthly Economic Review, the Ministry expressed concern over high incidence of Covid cases in Kerala and Maharashtra and underlined the need for strengthening pandemic control in the two states. The economy grew 20.1 per cent in the first quarter of the current financial year reaffirming, “India’s resilient V-shaped recovery despite an intense second wave,” it said.

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Ministry of Finance

AAP’s Sanjay Singh, others ‘detained’ in Srinagar’s Doda

India1 hr ago

AAP leader Sanjay Singh and other party members were illegally detained in Srinagar's Doda, along with former Delhi minister Imran Hussain. Singh was detained prior to addressing a press conference about the arrest of the party's MLA Mehraj Malik under the Public Safety Act. He accused the BJP of resorting to "thuggery" and his detention drew support from other opposition leaders.

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