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From
IMTMA
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Extraordinary times need extraordinary measures and the outbreak of coronavirus has presented a new challenge to the world which was already battling economic challenges.
India currently is under a 21-day lockdown to break the chain of this virus and as our Hon’ble Prime Minister said, if we don’t act now, the development of our country will be pushed back by 21 years. In this scenario, it is important for us to continue to connect with each other through various communication channels, keep our confidence level high and spearhead policy advocacy in a focused manner with government and all other stakeholders.
IMTMA is bringing you information on what countries across the world including India as well as industries are doing to combat the situation. The E-newsletter gives an insight into news, advisories and notifications from the central and state governments in India and the best practices that Indian and global industries have adopted to combat this pandemic.
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News
Updates
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Lockdown beyond April 14? Centre mulls
extension after state govts, experts raise red flags
(Economic Times, April 8, 2020). |
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COVID-19 outbreak spells chance for India
to become manufacturing alternative to China
(ZD Net, April 8, 2020). |
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Govt’s MSME technology centres swing into action against Covid-19; to make masks, ventilators, more
(Financial Express, April 8, 2020). |
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After TN sops, medical equipment
companies line up to set up shop in State
(Hindu Businessline, April 8, 2020) |
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Commerce department pitches
for limited restarting of manufacturing
(Times of India, April 9, 2020). |
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India may have to sell itself
out of this crisis, says Rajiv Bajaj
(Economic Times Auto.com, April 9, 2020). |
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Automakers push to reopen
plants with testing and lots of masks
(Economic Time Auto.com, April 9, 2020). |
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COVID-19 to bring in higher automation & digitalisation in Indian automotive sector: ETAuto Roundtable
(Economic Time Auto.com, April 9, 2020). |
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Central Government Advisories
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Ministry of Corporate Affairs
Corporate ministry has decided to take certain alleviative measures for the benefit of all companies. The central government has introduced Companies Fresh Start Scheme, 2020 condoning delay in filing of documents under the Companies Act, 2013. Read More |
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Ministry of Home Affairs
Home ministry has clarified on ground level issues faced by states in ensuring smooth flow of supply chain of essential items during the lockdown. States advised to inform district authorities and field agencies regarding the clarifications so as to avoid any ambiguity at the ground level. Read More |
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Employee Provident Fund Organisation
EPFO has issued revised instructions to its field offices to facilitate PF members to rectify their date of birth in EPFO records, thus ensuring that their UAN is KYC compliant. Read More
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Ministry of Finance
IT Department to release all pending income tax refunds up to Rs. 5 lakhs immediately. All GST and customs refunds also to be released to provide benefit to around 1 lakh business entities including MSMEs. Read More
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State Government Advisories
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Directorate of Industrial Safety and Health, Government of Tamil Nadu
The state government has clarified the procedure for interstate migrant women. Establishments employing 5 or more migrant workmen have to register as per rule 3 Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act 1979. Read More
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Directorate of Industrial Safety and Health, Government of Tamil Nadu
Contractors employing 5 or more migrant women have to apply for license as per rule 7 in Form IV or Form V of Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act 1979 along with prescribed fees and security deposit to concerned Deputy Director - ISH, through online portal. Read More |
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Central Government Notifications |
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Department of Revenue, Ministry of Finance
IGST and UTGST notifications for ease of compliance due to COVID-19. Read More
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Ministry of Textiles
An emergency control office has been set up with nodal officers to monitor production and supply of medical textiles (N-95 masks, body coveralls, and meltblown fabric). Read More
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State Government Notifications |
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Government of Goa
The electricity department of Goa has deferred the due dates of electricity bills generated and issued to consumers in view of the lockdown. The date is extended to May 20 and no delayed payment charges will be levied. Read More
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Telangana State Electricity Regulatory Commission
Telangana State Electricity Regulatory Commission, Hyderabad passes petition filed by Southern Power Distribution Company of Telangana Limited and Northern Power Distribution Company of Telangana Limited, on providing certain relaxations from performance of services, which are not directly related to maintaining continuity of power supply. Read More
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National Best Practices |
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Honda Cars
Honda elucidates plan to assist dealers in India by giving advance payments to dealers to help them maintain enough cash flow to prevent shutdown in the aftermath of the crisis. Read More
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Skoda
Czech carmaker Skoda Auto will provide financial support to its dealers in India to cover their fixed cost for the April-June quarter. Read More
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KTM Bikes
KTM has announced that it will extend the warranties and free services for all its models, keeping in mind the ongoing Coronavirus lockdown. Read More
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TVS Motors
TVS Motor's social arm is making 1 million masks for essential service providers including healthcare staff and supplying them in villages across Tamil Nadu and Karnataka, of which over 650,000 masks have already been distributed so far. Read More
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Mercedes Benz India
Mercedes-Benz India has decided to set up a temporary hospital with medical facilities and isolation wards for COVID-19 patients. The newly developed medical facility in Mhalunge-Ingale village, Chakan Khed, will have isolation wards with a capacity to take care of 1500 patients. Read More |
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Indian Railways
Railways is manufacturing 1000 personal protective equipments for railway doctors and paramedics at its workshops, every day.Read More |
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Global Best Practices |
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Tesla
Tesla has unveiled ventilator prototype made with car parts. Tesla engineers said that relying on components they already are familiar with and have in large supply will speed up the development and manufacturing process at a time when the novel coronavirus has created a massive shortage.Read More
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Jaguar Land Rover
JLR employees have raised over $20,000 to help coronavirus affected people in UK. Two donations of $6142 each will go to Renewal CC and Age UK Solihull, which will deliver food parcels to around 10,000 of the locations most isolated and vulnerable residents. Read More
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McLaren Automotive
The company is looking into rapid production of basic ventilators that could help patients with breathing problems suffered as a result of the coronavirus. Read More
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Babcock
Defence firm Babcock will make 10,000 ventilators to help deal with the coronavirus crisis. Read More
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Special Reports |
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International Monetary Fund
COVID-19 Policy tracker by country. Read More |
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OECD
OECD Key Policy responses by sector. Read More |
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World Economic Forum
Shaping the Future of Advanced Manufacturing and Production. Read More |
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Centre for Economic Policy Research
Economics in the time of Covid-19. Read More |
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World Bank
World Bank Group and COVID-19 (coronavirus). Read More |
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Asian Development Bank
ADB is suporting its developing members in responding to the COVID-19 outbreak through finance, knowledge, and partnerships. Read More |
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Published by Indian Machine Tool Manufacturers'
Association (IMTMA), Bangalore International Exhibition Centre (BIEC),
10th Mile, Tumkur Road, Madavara post, Bangalore - 562 123. Tel.: +91 80
6624 6600 Fax: +91 80 6624 6661 E-mail: imtma@imtma.in
Web: www.imtma.in
Disclaimer: The content and figures shown in the newsletter have been taken from different websites and IMTMA does not take responsibility for the accuracy of the same.
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