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Emphasizing steps being taken by the government to deal with the second wave of COVID-19, Finance Minister Nirmala Sitharaman has said the industry is in recovery mode and several Budget proposals are on course, including disinvestment, despite a fresh wave of coronavirus infections and local lockdowns.

Finance Minister noted that while the second wave of the pandemic has been challenging on many levels, the government has been taking decisions, including on import of medical oxygen, and boosting supply of medicines. She further said Budget proposals with regard to disinvestment and setting up of Development Finance Institution (DFI) are on course.

Besides, Finance Minister Nirmala Sitharaman said that there will not be a country-wide lockdown comparable to 2020. The Finance Minister also added that it was too early to say if the restrictions are going to affect India beyond this week.