Top Headlines : 15 May 2020

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International
– COVID-19: EAM S. Jaishankar attends extraordinary video conference of SCO (Shanghai Cooperation Organisation) Foreign Ministers
– US’ CDC commits $3.6 million to assist Government of India

Award
– Bangalore Airport wins SKYTRAX Award for Best Regional Airport

India
– Economic Relief Package announced for “Aatmanirbhar Bharat Abhiyan”
– CAPF canteens to sell only indigenous products from June 1
– Spirulina groundnut Chikki developed by CFTRI to boost immunity
– TVS Group, Sundaram Med & IIT-M develops “Sundaram Ventago”
– NDB approves USD 1 bn Emergency Assistance Program Loan to India
– ICCR launches song “United we Fight” to fight COVID-19
– Indian Railways makes Aarogya Setu app mandatory for passengers

ECONOMY & CORPORATE
– Retail inflation, measured in terms of Consumer Price Index (CPI), declines to 5.84% in April

ECONOMIC PACKAGE
– Finance Minister Nirmala Sitharaman announced a slew of measures for various sectors, including MSMEs hit by COVID-19-induced lockdown
– Economic package called ‘AatmaNirbhar Bharat Abhiyaan’ and is based on the five pillars of Economy, Infrastructure, System, Vibrant Demography and Demography and Demand that were outlined by the PM on May 12.
– Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs
– Rs 50,000 crore equity infusion through MSME Fund of Funds
– No Global tenders for Government tenders of upto Rs 200 crore
– Rs. 30,000 crore Special Liquidity Scheme for NBFC/HFC/MFIs
– Rs. 45,000 crore Partial credit guarantee Scheme 2.0 for Liabilities of NBFCs/MFIs
– Rs 90,000 crore Liquidity Injection for DISCOMs
– Extending the Employees Provident Fund Support for business and organised workers for another 3 months for salary months of June, July and August 2020
– EPF Contribution to be reduced for Employers and Employees for 3 months to 10% from 12% for all establishments covered by EPFO for next 3 months
– Relief to Contractors given by extension of up to six months for completion of contractual obligations, including in respect of EPC and concession agreements
– Relief to Real Estate Projects: Registration and completion date for all registered projects will be extended up to six months.
– Reduction in Rates of ‘Tax Deduction at Source’ (TDS) and ‘Tax Collected at Source’ (TCS) by 25% for the remaining period of FY 20-21
– Date for filing Income Tax return for 2019-20 extended till 30th November

ETI
– India ranked 74th on global ‘Energy Transition Index’ (ETI) of WEF (World Economic Forum); index topped by Sweden
– ETI ranks 115 economies on the current performance of their energy systems and their readiness for transition to secure, sustainable, affordable, and inclusive energy systems.

State
– Uttarakhand CM launches ‘HOPE’ portal to help unemployed youth
– J&K & Haryana to provide tap connections till 2022

Sports
– Indian boxer Akhil Kumar re-inducted into NADA disciplinary panel

Appointment and Resignations
– IAS officer V. Vidyavathi appointed new Director General of ASI (Archaeological Survey of India)
– Manoj Ahuja becomes new chairman of CBSE

Honorable Death
– Grammy-winning singer Betty Wright passes away

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