Earlier, the finance ministry said in a report that India may have crossed the Covid-19 peak, caseload data for the 14-day period from September 17 to 30 suggests.
Senior Congress leader and former finance minister P. Chidambaram took a dig at finance ministry today, after it said in its monthly report that India may have passed Covid peak. Chidamabaram, in his Twitter post, asked: “When did the Ministry of Finance take over the Ministry of Health?”
Taking a jibe at the “V-shaped recovery” claim earlier made by the finance minister, Chidamabaram said: “After âsuccessâ in predicting a V-shaped recovery of the economy, MoF is now predicting that COVID 19 is past its peak and on the decline.”
“Will this be an inverted V-shaped decline of the pandemic?!” he asked.
When did the Ministry of Finance take over the Ministry of Health?
After âsuccessâ in predicting a V-shaped recovery of the economy, MoF is now predicting that COVID 19 is past its peak and on the decline.
Will this be an inverted V-shaped decline of the pandemic?!
— P. Chidambaram (@PChidambaram_IN) October 5, 2020
Earlier, the finance ministry said in a report that India may have crossed the Covid-19 peak, caseload data for the 14-day period from September 17 to 30 suggests.
It also cautioned that the disease was far from over and urged all stakeholders to push for economic recovery as the positivity rate improves.
During this period, the seven-day moving average of daily positive cases had steadily declined from about 93,000 to 83,000 while the seven-day moving average of daily tests rose from about 1,15,000 to 1,24,000.
âYet, the declining positivity rate at all-India level sets the stage to further push up the frontiers of economic recovery. For this, all stakeholders need to get into the act as remaining restrictions on access and mobility are further eased. More than âsocial distancingâ it is âself-protection with due precautionsâ that better fits into the context of âjaan bhi aur jahaan bhiâ,â Finance Ministryâs monthly report for September said.
Barge of economic data in September points to a steady recovery in almost all sectors, while asserting that with India unlocking every day, demand resurgence is palpable across segments, the report further said.
âEconomic indicators allude to a steady recovery in almost all sectors, with some sectors shooting above their previous-year levels as well. This is despite headwinds of increasing Covid cases in non-metro cities and rural areas and rising food prices. Positive results from the implementation of the Aatmanirbhar Bharat (AB) package and unlocking of the economy are evident in Indiaâs high-frequency real sector indicators of September,â the monthly review by Finance Ministry for September said.
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