From IMTMA

With lockdown being lifted, industries have begun their everyday operations to keep the economy running. Nations in Asia such as Japan and South Korea for example have shown that with safety principles in place this is quite probable. Industries need to consider focus fully on demand creation in this Unlock 1.0 phase.

Emergency Credit Line Guarantee Scheme (ECLGS) loans to MSMEs and robust FDI inflows offer good momentum for industries. Choice of personal two-wheelers from rural market and possible announcement of scrappage policy is also expected to provide a push to auto and auto component industries.

Finance minister has agreed to take up with the GST council on relooking into the GST rates for some sectors which are affected by demand constraints.

Public sector banks have sanctioned around Rs. 20,000 crore loans to MSMEs under ECLGS against a target of Rs. 3 lakh crores as part of the union government’s Rs. 20 lakh crore stimulus package. Industries need to utilise the Rs. 3 lakh crore ECLGS scheme which is being proactively offered by bankers with simple form and formalities.

The newsletter brings you updates on various stimulus measures/packages announced by the central and state governments. It also gives an insight into news updates, various government notifications and best practices adopted by Indian and overseas industries to combat the coronavirus pandemic.
 

News Updates

 
  Eicher launches new heavy-duty
bus Skyline Pro 6016
(Economic Times Auto, June 10, 2020).		   Lockdown: Drastic fall in vehicle
registration in April, May in Maharashtra
(Economic Times Auto, June 10, 2020).		  
         
  Auto industry to go back a decade;
decline upto 45%: SIAM 
(Economic Times Auto, June 10, 2020).		   Rajiv Bajaj has four posers
for the government on lockdown
(Economic Times, June 10, 2020)		  
         
  TCS iON partners with NSDC
to accelerate skill development
(Economic Times, June 10, 2020).		   Coronavirus: WHO retracts statement within
a day that said asymptomatic Covid-19 carriers
cannot spread infection. Here is an explainer
(Times of India, June 10, 2020).		  
         
  For the first time, Covid recoveries
overtake active cases in India
(Times of India, June 10, 2020).		   Covid-19 vaccine may take 12-18 months: Report
(Livemint, June 10, 2020).		  
 

Central Government Advisories
 
 

Ministry of Health and Family Welfare, Government of India

All CGHS empanelled hospitals, notified as Covid-Hospitals by State Governments, to provide treatment facilities to CGHS beneficiaries. Read More

      

Ministry of Road Transport & Highways

Union Minister for Road Transport &Highways and MSMEs Shri Nitin Gadkari has announced further extension of the validity date of motor vehicle documents till September 30, this year. Read More

  
 

State Government Advisories
 
 

Government of Karnataka

SOP on preventive measures in hotels and other hospitality units to contain spread of Covid-19. Read More

      

Government of Karnataka

Circular on process for health screening, quarantine and testing of inter-state travellers in Unlock 1 period. Read More

  
 

National Best Practices
 
 

Employee Provident Fund Organisation

EPFO settled 36.02 lakh claims during the lockdown period. More than 74% beneficiaries were low wage earners. Read More

      

Honda Cars India

Honda Cars India has announced the launch of a new car finance scheme for its customers, in a bid to boost sales in coming days. Read More

  
 

Global Best Practices
 
 

John Deere

John Deere manufactures face shields and supplies them to US Veteran Administration (VA) medical facilities. Also provides technical specifications, instructions, and design files by their engineers for manufacture of basic protective equipment on their website as an open source which can be used by all. Read More

      

Merck KGaA

The company produces up to 200 shields a day, for a total of over 1,700 to date.The printers even produce the holders for securing the shield to the wearer's head. Read More

  
 
Online Training Programmes
 

The following are paid programmes conducted online

  • Advanced Technologies in Metrology (June 12, 2020, 2.00 p.m. - 5.00 p.m.). Register Now
  • Cost Effective & Collaborative Automation - Need of the hour for Industry (June 13, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
  • How to reduce Cost of Poor Quality (COPQ) (June 13, 2020, 2.30 p.m. - 5.30 p.m.). Register Now
  • Servo Technology for Industrial Motion Control (June 14, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
  • Dimensional Tolerance and GD&T - Industry Perspective (Only for Engineering Students & Faculties) (June 19, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
  • Industrial applications of Hydraulics & Pneumatics (For Engineering Students & Faculties) (June 26, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
  
 
Resource
 
  • SIDBI Assistance to Facilitate Emergency response against corona virus. (Loan at 5% within 48 hours). Read More
  
 
  IMTMA Covid-19 Policy Advocacy       IMTMA Covid-19 Help Desk  
             
 

IMTMA has 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

      

IMTMA is 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.