Highlights: With 391 new Covid-19 cases in Gujarat, state tally rises to 11,380
India on Sunday recorded the highest single-day spike in Covid-19 infections with 4,987 new cases in the last 24 hours as the national tally crossed the 90,000-mark, according to the Union health ministry.
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FM hits out at Congress on the issue of migrant workers
- 12:44 PM IST
Overall stimulus package under Atmanirbhar Bharat ₹20,97,053: FM
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₹20 lakh cr package includes liquidity measures by RBI
- 12:34 PM IST
FM gives details of first two tranches
- 12:31 PM IST
FM recaps details of previous 4 tranches of eco package
- 12:26 PM IST
Part of states' borrowings to be linked to specific reforms
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States's borrowing ceiling raised from 3% to 5%: FM
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Centre has consistently extended support to states in need of hour
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At least 1 PSE will be there in strategic sector, pvt companies to be allowed as well
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Govt to announce a public sector enterprise policy for self-reliant India
- 11:59 AM IST
Companies can list their securities directly in foreign jurisdiction
- 11:56 AM IST
Most sections of Companies Act to be de-criminalised
- 11:52 AM IST
No fresh insolvency proceedings for up to one yr: FM
- 11:47 AM IST
Top 100 universities to automatically start online classes
- 11:44 AM IST
Emphasis being given on setting up hospitals and labs
The National Disaster Management Authority (NDMA) on Sunday asked ministries, departments of Government of India, state governments and state authorities to continue Covid-19 lockdown measures till May 31. PM Narendra Modi, in his address earlier this week, said that this phase of the lockdown will be very different in nature “with new rules”.
This comes on a day when India recorded the highest single-day spike in Covid-19 infections with 4,987 new cases in the last 24 hours as the national tally crossed the 90,000-mark, according to the Union health ministry.
Meanwhile, Union finance minister Nirmala Sitharaman today announced the fifth tranche of Centre's ₹20 lakh crore fiscal stimulus package which attempts to cushion the economy reeling under the effect of coronavirus and the lockdown situation in the country.
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Here are the latest updates on coronavirus from India and the world:
FM hits out at Congress on the issue of migrant workers
When asked about a question about trains for migrant workers, FM Sitharaman hit out at Congress on the issue of migrant workers.
Overall stimulus package under Atmanirbhar Bharat ₹20,97,053: FM
Overall stimulus package under the Atmanirbhar Bharat ₹20,97,053, says FM Sitharaman
₹20 lakh cr package includes liquidity measures by RBI
The stimulus provided in the fourth & fifths tranches of the economic package amounts to ₹48,100 crores: FM Niramala Sitharaman
FM says ₹20 lakh crore economic stimulus includes ₹8.01 lakh crore of liquidity measures by RBI and ₹1.92 lakh cr package in March
FM gives details of first two tranches
The break up of the first tranche of announcements, amounting to ₹5,94,550 crores under economic package: FM
The stimulus provided in the second tranche of the economic package- ₹3,10,000 crores
The stimulus of ₹1,50,000 crores in the third tranche of the total ₹20 lakh crores economic package
FM recaps details of previous 4 tranches of eco package
FM Nirmala Sitharaman doing a recap of the previous four tranches of ₹20 lakh crore economic package announced by her in the past four days
Part of states' borrowings to be linked to specific reforms
Part of borrowing by the states to be linked to specific reforms, says FM.
From 3-3.5% is unconditional.
Next 1% to be released in 4 tranches linked to reforms
Another 0.5% will be given as soon as at least 3 out of the 4 reforms are achieved
States's borrowing ceiling raised from 3% to 5%: FM
Centre to increase the state's borrowing ceiling from 3% to 5% for 2020-21 as per states' request. This will give states additional resources of ₹4.28 lakh crore
Centre has consistently extended support to states in need of hour
Last step: Like the Centre, states also facing sharp decline in revenues. Despite this, Centre has consistently extended support to the states as they are at the forefront of fighting Covid.
Govt has already devolved taxes worth ₹46, 038 cr to states.
Health ministry has released ₹4113 cr for direct anti-Covid activities
At least 1 PSE will be there in strategic sector, pvt companies to be allowed as well
In strategic sector, at least one public sector enterprise to be there but pvt companies to be allowed as well: FM
Govt to privatise non-strategic PSUs, says Finance Minister Nirmala Sitharaman
Govt to announce a public sector enterprise policy for self-reliant India
A public sector enterprise policy for a new, self-reliant India to be announced.
wherein pvt sector will be allowed to participate but public sector enterprises shall continue to play very imp role.
Policy will categorise strategic sector and others.
Companies can list their securities directly in foreign jurisdiction
For ease of doing business for the corporate sector, Companies can now list their securities directly in permissible foreign jurisdiction
Most sections of Companies Act to be de-criminalised
Companies Act-related announcement: Decriminalise most of the sections in the Companies Act
Compoundable Offences can be tried under Internal Adjudication Mechanism
7 compoundable offences dropped altogether
No fresh insolvency proceedings for up to one yr: FM
3rd step about IBC related matters: Many biz severely due to lockdown and Covid-19. Any debt incurred by businesses due to Covid shall not be included in 'default' category .
No fresh insolvency proceedings for up to one year
Top 100 universities to automatically start online classes
In the education sector, Deeksha- a One Nation, One Digital Platform- for school education will be launched. One TV channel for every class to be launched
Extensive use of radio and podcasts. Special e-content for visually and hearing impaired challenged students
top 100 universities to automatically start online courses
First published: May 17, 2020 06:31 IST