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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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2020 is all about Sustenance;
Expect a New Normal post COVID19
(Machine Maker, April 10, 2020). |
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Coronavirus crisis: States announce
electricity
tariff cut, tax incentives
to industrial consumers
(Business Today, April 10, 2020). |
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Auto sales volumes may skid
as key markets turn pandemic epicentres
(Hindu Businessline, April 10, 2020). |
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Over 15 million jobs at stake unless
package announced immediately: FIEO
(Business Standard, April 10, 2020) |
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Fiscal deficit at 5.07% of GDP
in February, likely to increase in March
(Economic Times, April 10, 2020). |
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Fighting coronavirus:
ADB pledges
$2.2-bn support for India
(Financial Express, April 11, 2020). |
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April GST collections seen
down 40%, May mop-up too to be hit
(Financial Express, April 11, 2020). |
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Experts favour a gradual
opening up of the economy
(Economic Times, April 11, 2020). |
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Need balanced exit strategy
from lockdown: India Inc
(Economic Times, April 11, 2020). |
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World Bank sees FY21 India growth
at 1.5-2.8%; slowest since economic
reforms three decades back
(Economic Times, April 12, 2020). |
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Manufacturing companies want
sops to cover more electronic items
(Economic Times, April 13, 2020). |
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Coronavirus Lockdown 2.0:
Focus on both life, livelihood
(Economic Times, April 13, 2020). |
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Govt plans to resume some
manufacturing amid lockdown: Sources
(Hindu Businessline, April 13, 2020). |
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New rules of business
in the post-covid age
(Livemint, April 13, 2020). |
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Central Government Advisories
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Ministry of Corporate Affairs
COVID-19 related frequently-asked-questions on Corporate Social Responsibility. Read More |
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Ministry of Finance
Special Refund and Drawback Disposal Drive - Implementation of the decision to expedite pending refund and drawback claims. Read More |
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State Government Advisories
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Office of the Commissioner of Customs, City Customs Commissionerate, Bengaluru
Extension of time limit for filing of refund applications, Drawback Exports, Application for Drawback to 30 June 2020. Read More |
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Government of Rajasthan
Rajasthan Government has issued a clarification regarding pass for workers of exempted industries. Read More |
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Central Government Notifications |
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Ministry of Finance
Customs dated 02.02.2020 to make changes consequential to enactment of Finance Act, 2020. Read More
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Ministry of Finance
Exemption of Customs duty on Ventilators, PPE, COVID-19 test kits and inputs for these goods. Read More
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State Government Notifications |
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Punjab State Power Corporation Limited
Relief to electricity consumers in the state of Punjab for mitigating the impact of Covid-19. Read More
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Government of Karnataka
Department of Health and Family welfare and Medical Education of the state government has notified the definition of hotspot, cluster and containment zone. Read More
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National Best Practices |
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Ministry of Science & Technology
CSIR- National Chemical Laboratory (NCL) Pune ties up with Bharat Electronics Ltd (BEL) for production of medical devices. Read More
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Ministry of Science & Technology
Scientists at Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST)design super absorbent material for safe management of infected respiratory secretions. Read More
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Ministry of Railways
In a bid to mitigate the pandemic, Indian Railways has produced about 6 lakhs reusable face masks and more than 40000 litres hand sanitiser. Read More
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Ministry of Railways
Indian Railways continues feeding the infrastructure sector and ramps up the supply chain during the COVID-19 lockdown. Read More
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Ministry of Civil Aviation
Public and private airline operators and related agencies work tirelessly to serve collective purpose of fighting Covid-19. Medical cargo being delivered with appropriate safety measures. Read More |
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Ministry of Housing and Urban Affairs
MoHUA has launched a revised version of Swachhata App to handle queries specific to Covid-19. Read More |
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National Institute of Pharmaceutical Education and Research - Guwahati
NIPER-G has come out with two products that promise to be of great help in the fight against the current pandemic outbreak of COVID-19 infection in the world. Read More |
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Uber / Ola
Uber as well as Ola have announced that they will provide 100 cabs with each to serve as emergency vehicles in Bengaluru for those without coronavirus symptoms during the ongoing lockdown. Read More |
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Global Best Practices |
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Federal Reserve
The central bank announced a new $2.3 trillion round of loans that include even more support for small businesses and consumers - and, for the first time, for states, cities and municipalities, too. Read More
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Asian Infrastructure Investment Bank
AIIB has approved a sovereign-backed loan of RMB2,485 million (approximately USD355 million equivalent) as an adaptive way of upgrading China’s sustainable public health infrastructure and providing emergency equipment and supplies. Read More
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International Monetary Fund
IMF’s executive board has approved US$190.5 million in emergency support to Albania to combat Covid-19 pandemic. Read More |
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World Bank
The World Bank approved a $500 million (P25.2 billion) loan to the Philippines to help the Southeast Asian nation fight the Covid-19 pandemic. Read More
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N.B. Company
and N.S. University
A New Brunswick beverage producer has altered its production to start making protective face shields for frontline health-care workers battling Covid-19. Read More |
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NASCAR
NASCAR is 3D Printing face shields. NASCAR is donating the face shields as part of the charitable community acts the series does every year. Read More |
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| Special Report |
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Monetary Policy Report (Reserve Bank of India, April 2020). Read More |
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List of Private Laboratories to test COVID-19 (Indian Council for Medical Research, April 4, 2020). Read More |
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ACMA Recommendations: Dealing with Challenges of Supply Chain Disruption due to COVID‐19. Read More |
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IMTMA Covid-19 Policy Advocacy |
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IMTMA Covid-19 Help Desk |
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We have set up a section on Covid-19 Policy Advocacy, relevant Notifications, Press notes, Orders and Circulars issued by the Central and State governments, and the Reserve Bank of India are published on the page.
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We are pleased to announce formation of “COVID-19 IMTMA Help Desk” for proactively addressing the concerns of Members, specifically related to COVID-19 Government Policies, Financial and Regulatory issues. Members may send their queries by clicking on “COVID-19 IMTMA Help Desk” button in IMTMA homepage www.imtma.in and filling-up the query form. |
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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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