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India may need 3 fiscal boosters to avoid a Covid catastrophe

On what kind of expenditures that GoI must undertake, there is a plethora of advice.

National Electronics Policy

02 April, 2020, 05:28 AM IST

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Efforts on to line up e-commerce & data laws

The commerce ministry, which is giving final shape to the much-awaited e-commerce policy, is soon expected to provide recommendations related to the governance of data to the Ministry of Electronics and IT (MeitY), which is looking to regulate personal as well as non-personal data.

RBI says GDP growth estimates at risk: Key takeaways from money policy

MPC will continue with the accommodative stance as long as it is neces...

  • Secretary General Guterres on Tuesday launched a new report 'Shared responsibility, Responding to the socio-economic' on the socio-economic impact of the COVID-19.

    Customers will either have to contact the bank or the bank will allow 3 months break on loan repayments by default

    ​India needs to start epidemiological data collection & analysis to fine-tune its Covid response.

    The Chinese Ministry of Foreign Affairs announced that foreign nationals with residence permits will be prevented from entering the country starting on Saturday. All visa-free transit policies also will be temporarily suspended.

    "We have decided to pass on the full benefit of the recent RBI's policy rate cut of 75 bps to our borrowers covered under external benchmark-linked product of repo-linked lending rate (RLLR)," PNB said in a statement.

    It was the third cut in the 7-day rate since November, and comes as the coronavirus infections in China - where the outbreak originated late last year - has slowed from a peak in February. The country has so far reported 3,304 deaths from 81,470 infections. Ma Jun, a central bank adviser told state media that China still has ample room for monetary policy adjustment.

    The Ministry of Statistics and Programme Implementation (MoSPI) is assessing the quality and amount of data that can be collected to estimate the consumer price index (CPI) inflation for this month. The data for March is scheduled to be released on April 13.

    Even though the Health Ministry and Indian Council of Medical Research (ICMR) have been insisting that there is "no solid evidence" of community transmission so far, the government has started scaling up health infrastructure to deal with any situation.

    The installation of this supercomputing system at IIT Guwahati has been initiated under the National Supercomputing Mission (NSM). The Department of Science and Technology (DST) along with the Ministry of Electronics and Information Technology (MeitY) are coordinating the mission and the Center for Development of Advanced Computing (C-DAC), Pune, and Indian Institute of Science (IISc), Bengaluru, are the implementing agencies of the mission.

    Commerce and industry minister Piyush Goyal said that the outbreak of coronavirus may have an impact on Indian industries such as pharmaceuticals, automobile and electronics industries and cancellation of two prestigious diamond exhibitions in Hong Kong are few of the key reasons for decline of exports of polished diamond and diamond Jewellery.

    GoI and RBI have responded by notifying certain measures. Finance minister Nirmala Sitharaman announced compliance forbearance under different tax laws, including a few tax payment deadlines.

    Latest data from the National Highways Authority of India (NHAI) shows that toll collected through FASTags, which now account for almost 70% of the transactions across the country, fell 50% on Sunday compared to last week. Toll collected via FASTags on Sunday stood at Rs 33.12 crore, a 48% dip as compared to the Sunday before. On an average, daily toll collection across National highways is Rs 85 crores.

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