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Covid spike: Nirmala Sitharaman says second wave won’t impact industry in recovery mode

Sitharaman said Budget proposals with regard to disinvestment and setting up of Development Finance Institution (DFI) are on course. The government has set a disinvestment target of Rs 1.75 lakh crore for the current year;

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Union Finance Minister Nirmala Sitharaman on Thursday said the second wave of the pandemic will not affect the institutional reforms, including the disinvestment plans outlined in the Budget, although the focus right now was to take steps towards meeting the immediate requirement of saving lives.


Speaking at a webinar, organised by The Indian Express and Financial Times, the Finance Minister said the situation in 2020 when a nationwide lockdown was announced and the situation now are very different. Sitharaman said, the government has been taking steps to deal with the second wave of COVID-19 with regard to supply of medicines and oxygen.

Sitharaman said the second wave has been challenging on many grounds, including supply of medicines and oxygen, the government has been taking decisions, including on imports of medical oxygen and boosting supply of medicines. She said India was importing medical oxygen to meet the immediate challenge and had the testing capacity and vaccines to tackle the second wave.

She said Budget proposals with regard to disinvestment and setting up of Development Finance Institution (DFI) are on course. The government has set a disinvestment target of Rs 1.75 lakh crore for the current year; BPCL, Air India, Shipping Corporation are among the key strategic sale proposals under process.

Quoting the Prime Minister, Sitharaman said there will not be a country-wide lockdown comparable to 2020. A fresh wave of infections has led to localised containments in some parts of the country, affecting the movement of people and goods.

Sithraman said, there are numbers and the surge in certain pockets that is so significant — as in Delhi — the Centre’s week-long lockdown would affects the movement of goods and also, the industry suffer because the movement of raw materials would get affected.

She said that there are part lockdowns but hopefully it will be lifted once the infection chain is broken. In the context of lockdown not really having been imposed, however, lives being in difficulty because of the pandemic. the government would focus on these life saving Covid safety measures such as supply of medicines and oxygen.

The minister said it was too early to say if the restrictions are going to affect India beyond this week. India registered over 3.14 lakh new coronavirus cases in a day, the highest-ever single-day count recorded in any country, taking the the total tally of Covid-19 cases in the country to 1,59,30,965, according to the Union Health Ministry data updated on Thursday. A total of 3,14,835 fresh infections were registered in a span of 24 hours, while the death toll increased to 1,84,657 with a record 2,104 new fatalities.

kicking off Thursday’s discussion on ‘India’s Quest for Economic Power’ as the keynote speaker, she said at this stage, the focus is to address the immediate requirements for saving lives and also making sure that vaccination is ramped up.

Read Also: Arvind Kejriwal’s televised discussion with PM Modi sparks controversy, his office says sorry later

The first part of the series organised under the broad theme ‘India’s Place in the Post-Pandemic World’ began Thursday, wherein policy, business and finance leaders from India and overseas discussed the challenges and opportunities for India in its quest for economic poweer

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Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

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Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

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Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

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Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

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Rahul Gandhi and Vijay alliance took shape through backchannel talks, early signals from Congress leaders

Congress outreach and political calculations led to Rahul Gandhi and Vijay coming together after the Tamil Nadu 2026 election results.

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The coming together of Rahul Gandhi and actor-politician Vijay in Tamil Nadu after the 2026 Assembly elections was not sudden, but the result of behind-the-scenes political manoeuvring and early signals within the Congress.

According to media reports, some leaders in the Tamil Nadu Congress had already sensed the scale of Vijay’s surge during the campaign, anticipating what was later described as a “wave” in favour of his party.

After the results, where Vijay’s Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party but fell short of a majority, communication channels between the Congress leadership and Vijay quickly became active.

A key moment in this evolving political equation was a phone call from Rahul Gandhi to Vijay, congratulating him on the party’s strong performance. The conversation was seen as more than a courtesy, signalling the possibility of cooperation at a time when government formation required additional support.

Reports indicate that discussions within Congress weighed the political benefits of supporting Vijay, especially given the shifting dynamics in the state where traditional dominance by major Dravidian parties has been challenged.

With TVK needing allies to cross the majority mark, Congress emerged as a potential partner, leading to a broader political realignment in the state. This development also triggered tensions within opposition alliances, highlighting the strategic importance of the decision.

The evolving partnership reflects a mix of electoral pragmatism and changing voter sentiment, particularly the growing influence of younger voters, which leaders acknowledged as a key factor in the election outcome.

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