Top GKToday’s News Headlines-14 May 2020

Top GKToday’s News Headlines-14 May 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

WORLD

  • COVID-19: EAM S. Jaishankar attends extraordinary video conference of SCO (Shanghai Cooperation Organisation) Foreign Ministers

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