Reserve Bank of India announces measures to boost liquidity by $49.6 billion; Electricity utilities get a three month moratorium on overdue payments; Center extends project completion deadline for renewable energy projects; Delhi passes $8.6 billion state budget; Chattisgarh issues renewable tariff regulation; and more
Center – State relations
The Reserve Bank of India announced a series of emergency measures to mitigate the lockdown impact. The measures include boosting liquidity by $49.6 billion, cutting interest rates to a record low, and ordering moratorium on loan repayments. Source: Economic Times In detail: Press Release
The Finance Minister announced relief measures relating to statutory and regulatory compliance matters across sectors. Source: Business Standard In detail: Press Release
The Ministry of New and Renewable Energy extends project completion deadline for all renewable energy projects amid nationwide lockdown. Source: Mint In detail: Press Release
The Union Cabinet has approved a financial relief package for the power sector to ensure 24×7 power supply. The state owned electricity distribution companies get a three month moratorium on dues to generation and transmission companies. Source: Business Standard In detail: Press Release
The government has restricted the export of key anti-malarial drug Hydroxycloroquine, to ensure sufficient availability of the medicine in the domestic market. An export ban has also been extended to sanitizers, ventilators, and masks. Source: Business Standard In detail: Notification (Hydroxycloroquine); Notification (Mask)
Nothing critical to report.
Nothing critical to report.
Delhi government passed a budget with an outlay of $8.6 billion for 2020-21. The budget included $2 billion allocation for education and $1 billion allocation for health. Source: Mint In detail: Budget 2020-21
Nothing critical to report.
Haryana government has announced that consumers paying their electricity bills digitally will be given a special discount of 2 percent on their electricity bill. Source: Daily Pioneer In detail: Press Release
Nothing critical report.
Nothing critical to report.
Japan International Cooperation Agency has signed an agreement with the central government to provide an official development assistance loan of $329.2 million for Mumbai Metro Line 3. Source: Economic Times In detail: Press Release
The Rajasthan government revised higher dearness allowance for its employees to 17 percent, from the existing 12 percent. Source: Outlook In Detail: Press Release
Nothing critical to report.
Telangana government earmarks $4.64 billion to buy all of the farmers’ produce. Source: The Hindu Business Line
Uttar Pradesh Power Corporation Limited will waive the money charged by banks on online payment of power bills through credit or debit cards. Source: Hindustan Times
Nothing critical to report.
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Chhattisgarh
The Chhattisgarh State Electricity Commission has issued the final generic levelized tariff regulations for clean energy projects in the state for the current fiscal year. Source: Mercom In detail: Tariff Order
