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The Lockdown to Contain the Coronavirus Outbreak Has Disrupted Supply Chains

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The Lockdown to Contain the Coronavirus Outbreak Has Disrupted Supply Chains JOURNALISM OF COURAGE SINCE 1932 The lockdown to contain the coronavirus outbreak has disrupted supply chains. One crucial chain is delivery of information and insight — news and analysis that is fair and accurate and reliably reported from across a nation in quarantine. A voice you can trust amid the clanging of alarm bells. Vajiram & Ravi and The Indian Express are proud to deliver the electronic version of this morning’s edition of The Indian Express to your Inbox. You may follow The Indian Express’s news and analysis through the day on indianexpress.com DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE THURSDAY, MAY 14, 2020, NEW DELHI, LATE CITY, 16 PAGES SINCE 1932 `6.00 (`8 PATNA &RAIPUR, `12 SRINAGAR) WWW.INDIANEXPRESS.COM The`20lakhcrpie MSMES NBFCS,HFCS,MFIS REAL ESTATE WORKERS DISCOMS Collateral free loans, Specialliquidity win- Real estate regulators 25 per cent cut in REC, PFC to infuse subordinatedebt, eq- dow, partial credit advisedtoextend TDS/ TCS; EPF liquidity intopower uity infusion, expand- guarantee with the registration and contributioncut distribution ing ambit through governmentabsorbing completion date forbusiness and companiesagainst changeindefinition first20% loss of projects employees receivables IMPACT: These measures will IMPACT: Will improveconfidence in IMPACT: This will letdevelopers IMPACT: Givesmoremoneyto IMPACT: With plummeting revenues breathe lifeinto45lakhunits the financial system, help invoke forcemajeure to complete businesses that arefacing over the lastfew years ,this will help through equity and debt support, institutions raise funds in the debt workswithout attracting penalties. liquidity pressures; them tide over cash flowproblem, `5.94LAKHCR `4.32LAKHCR help them restart, safeguardjobs, market,and reduce the risk All projects registered till March 24, also givesmoremoneyin paypower generation and Announced Tobeannounced and grow big aversion of banks 2020 willbenefit the hands of employees transmission companies Wednesday (Number of projects `9.74LAKHCR:Announcedearlier `3.7 lakhcr `75,000 cr 40,000 that will benefit) `56,750 cr `90,000 cr FirCOVIDstECONOMdoseIC PACKAGE:isDAYliqui1 dity:MSMEsgetmegaguarantee Mostmeasuresfocus on off-balance sheetsupport; Govt’s cost this success dependsonimproving lenders’risk appetite yr: Rs 25,500 cr Whilethe packageisunlikely SUNNYVERMA,AANCHAL to createmuchstress forthe fis- SANDEEPSINGH& MAGAZINE&ANILSASI cal exchequer as mostofthe PVAIDYANATHANIYER NEWDELHI,MAY13 measures arefocusedonoff-bal- NEWDELHI,MAY13 ance sheetsupportthrough UNION FINANCE Minister credit guarantees and taxdefer- WHILE FINANCE MinisterNir- Nirmala Sitharaman Wednesday ment, the successofthe scheme mala Sitharaman’s MSME pack- announcedthe firsttranche of an ispredicated on these measures age, whichaddsuptoRs5.94 economic relief plan whosepri- working as amultiplier to im- lakh crore, will go some distance maryfocus wastoalleviate the provethe risk appetiteoflenders in providing credit to small busi- sweeping distress in the Micro, and catalysefresh funding of dis- ness on the backofgovernment Small and Medium Enterprises tressedsmaller firms. guarantees, the fiscal costofher sector that lies at the heartofthe Sitharaman’s announcement firsttranche in thecurrent industrial ecosystem and em- followeduponPrime Minister Migant workers in Lucknowontheir waytoJharkhand from Mumbai, Wednesday. Theysay CONTINUEDONPAGE2 ploys an estimated 11 croreper- NarendraModi’s TuesdayofaRs BUSINESSASUSUAL theyspent Rs 4,000eachonthe bicycles, and have been on the road since May6.Vishal Srivastav sons, including muchofthe 20-lakh-croreplan, almost10 country’s migrant workforce. per cent of the GDP,tocushion BY UNNY HOWITADDSUP While the 16 specifican- theimpact of Covid-19and to be Fund of Funds: nouncementsannouncedinthe unveiledinastaggered manner. New MSMEdefinition hasamessage: No firsttranche cutacross sectors Sitharaman said banksand Rs 10,000cr that rangefromMSMEand Non Nirmala Sitharaman at the NBFCs can provide emergency longer have to stay small to availbenefits Support to CGTMSE: Banking Finance Companies pressconference. Anil Sharma credit lines to MSMEs up to 20 Rs 4,000cr (NBFCs) to real estate and power per cent of their outstanding enedthe definition of Micro, favour of unitsstaying small in EPF support to business, distribution and the salaried, the credit as on February2,2020, PRANAVMUKUL& Small and Medium Enterprises order to qualify forbenefits. employees: overarching themewas that of with these loans having a4-year AASHISHAARYAN (MSMEs) by revising the limit of In addition, the government MORE REPORTS Rs 2,500cr infusing liquidity.And engineer- PAGES 5, 15 tenor,a12-month moratorium NEWDELHI,MAY13 investment in machineryor has disallowedglobal compa- ing apass-through effect that ul- on principal payments, and acap equipmentand introducing a nies from participating in ten- Firstloss on credit timatelyputsmoredisposable INSIDE THE PACKAGE on interestcosts. IN THE firstpartofits latesteco- “turnover” criteria —areform ders up to Rs 200crore,earmark- guarantee to NBFCs: fundsinthe hands of both entre- EXPLAINED, PAGE 9 Atotal of Rs 3lakh croreis nomic stimulus package, the measure that seekstoreverse ing that space exclusively for Rs 9,000cr preneurs and employees. CONTINUEDONPAGE2 government Wednesdaybroad- the traditional policy bias in CONTINUEDONPAGE2 Rs 1,000crore Armyproposes TRACKING INDIA’S COVID CURVE for welfare of LOCKDOWN 3-yrvoluntary STATEINSTITUTE OF RURAL DEVELOPMENT&PANCHAYATI RAJ DAY CASES: RECOVERED:24,385 |DEATHS:2,415 poor, migrant 50 74,281 TESTS:18,54,250 | DOUBLINGRATE:11.99** ‘tour of duty’, ITANAGAR,ARUNACHAL PRADESH labourfrom citespatriotism, No.SIRDA&PR-96/2019 (CMAGY), Dated 13th May 2020 unemployment PM CARES ADVERTISEMENT KRISHNKAUSHIK EXPRESSNEWSSERVICE NEWDELHI,MAY13 SIRD&PR Arunachal Pradesh an Apex State Level Institute for NEWDELHI,MAY13 KEYSTATES TOTAL SURGEIN 7-DAYAVG. DOUBLING TOWATCH CASES 24HRS GROWTH* RATE** training and research in the field of Rural Development &De- CITINGA“resurgence of nation- centralised Planning under its project on Chief MinisterAadarsh THE GOVERNMENTonWednes- ■ Maharashtra 24,427 1,026 6.69% 10.76 alism and patriotism”, and the GramYojana (CMGAY) seeks to engage dynamic Indian students dayallocated Rs 1,000 crorefor ■ Gujarat 8,904 362 5.20% 13.85 fact that “unemployment in our migrant labourers from the re- countryisareality”, the Indian having done post graduation and graduation fromreputed In- 5.41% centlycreated PrimeMinister’s ■ Delhi 7,998 359 13.31 Armyhas proposed athree-year stitute &Universities and likeIITs/IMS/ISB asArunachalPradesh Citizen Assistance and Relief in ■ Tamil Nadu 8,718 716 11.54% 6.24 “internship” foryouths, both as Rural Development Fellows(APRDF).The Fellowswould be ex- Emergency Situations, or the PM ■ Rajasthan 4,021 138 3.81% 18.90 officers and soldiers. pected to supportthe various activities on planning and moni- CARES, Fund Trust. Accordingtothe proposal,as toring of CMAGY in the state forafixed period. ■ West Bengal 2,173 110 7.10% 10.13 A. Eligibility:- An additional Rs 2,000 crore mentionedinaninternal note, wasallocated forbuying venti- *Compounded Daily Growth Rate overlast7days**Calculated over7-day growth the short, voluntary“tour of Senior Fellows Jr.Fellows lators and Rs 100crore forvac- CONCERN CAUTION AGLIMMER duty” is foryouths who “donot cine development againstthe want to makedefence services a) Master in anydiscipline with minimum experience of threeyears/Grad a) Masterinany discipline with minimum experience of one year/Grad- novelcoronavirus. TAMIL NADU: GUJARAT: No TRIPURA: No their permanentvocation, but Continues to add surge in past 10 active cases uation in any discipline withminimum of five years’ experience uationinany discipline with minimum of threeyears’experience In astatement, the govern- large numbers days. Doubling except 151 in a still want to experience the thrill ment said the moneyallotted every day. Poised rate slower than BSF camp in and adventureofmilitary pro- b)At least 60% marks in both under graduation &post-graduation level. b)At least55% marks in both under graduation &post-graduation level. willbeusedfor “strengthening to overtake Gujarat national average Dhalai district fessionalism”. c) Candidates with domain experience as per the guidelines from pre c) Candidates withdomain experience frompremier instituteslikes the existing measures being “The proposal is ashiftfrom mierinstituteslikes IITs/IMS/ISB will be preferred. IITs/IMS/ISB will be preferred. CONTINUEDONPAGE2 Based on dailydatareleased by UnionMinistry of Healthand Family Welfare, the conceptofpermanentserv- d) Candidates with knowledgeofProject Management skills,experience d) Candidateswith knowledge of Project Management skills, experi- IndianCouncilofMedical Research,and state governments ice/job in the ArmedForces, to- in implementationand monitoring of Govt.Schemes,ICT proficiency in enceinimplementationand monitoringofGovt. Schemes,ICT profi- wards‘internship’/temporary MS office,PRA,training and capacity building will be preferred. ciency in MS office,PRA,training and capacity building will be preferred. experience forthree years. Over 35% TN cases linked Unemployment in our country Paraguay is areality,howeverthereis B. Period:- resurgence of nationalism and Theperiod of fellowship shall be at least 9(Nine) months but shall not exceed the duration of to amarket in Chennai patriotism,”
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