Top GKToday’s News Headlines-14 May 2020

May 14, 2020 May 14, 2020

INDIA

IAS officer V. Vidyavathi appointed new Director General of ASI (Archaeological Survey of India)

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