The transfer of around Rs 17,400 crore under the PM-Kisan is being front-loaded. However, most of these interventions will benefit the rural poor more than their urban counterparts, according to analysts.

Job guarantee programme (MGNREGA) works are allowed with strict implementation of social distancing and face mask.

At the same time, long term FPI investment limits in G-secs have been brought down to Rs 1.03 lakh crore from the prevailing limit of Rs 1.15 lakh crore  a reduction of almost $1.5 billion.

Currently, only an ad-hoc framework for valuation professionals is in place, which is basically governed by the Companies Act, and the government has designated the Insolvency and Bankruptcy Board of India (IBBI) as the authority to implement the new regime of registered valuers.

A majority of sugar companies decided to make hand sanitisers to supply to hospitals by using a part of the ethanol/ENA production, thereby ensuring that the country does not face any shortage of good quality hand sanitisers.

The Lasalgaon APMC officials said that another reason for imposing restrictions is the drop in demand of onions. According to officials, the demand has reduced to a great extent in domestic markets.

Even while the government and Reserve Bank of India (RBI) have provided some stimulus, further support may be required to help real estate and for the economy to stay afloat during the crisis.

While the government has fixed the wheat MSP at Rs 1,925/quintal, traders are buying the grain at about Rs 1,700-1,800/quintal in mandis in Gujarat and Rajasthan.

Banks have been facing difficulty due to the shutdown following COVID-19 pandemic and a cut in LCR requirement is likely to manage their liquidity effectively.

For Kerala, this would mean the mandate to borrow up to Rs 18,000 crore to address its capital expenditure squeeze.

Meanwhile, the UP government had, on Thursday, issued an order allowing nine types of industries to run conditionally with essential services.

The measure has been taken by the RBI to meet sectoral credit needs at a time when the institutions are facing difficulty in tapping the market.

According to sector experts, NBFCs' outstanding credit to the commercial real estate stood at Rs 1.29 lakh crore as on September 30, 2019.

A banking analyst told FE: “As of now, the directive is about retaining profits, but if it is extended beyond September, there could be a stock impact.”

With the increased WMA limit, state governments are expected to plan their market borrowings in a better way rather than bunch up their borrowings, leading to oversupply issues.

As for growth, the governor stuck to sharing the International Monetary Fund's (IMF) view on India's growth, offering no forecast from the central bank.

Seeking setting aside of the orders, the exporter said that directing private establishments to compulsorily pay 100% wages during lockdown is “illegal, unconstitutional” and violative of Articles 14 and 19 of the Constitution of India.

She also encouraged the NDB to take appropriate steps to join the G-20 forum, along with the multilateral development banks and international financial institutions.

Among the possibilities, the government could garner some revenues from sale of the BPCL’s 61% stake sale in Numaligarh Refinery, which will be sold to state-run firms.

Ginning units are not keen on buying cotton since most of the workers have left for their villages and they do not have the capital to buy cotton and other processing units are also shut.

The Maharashtra Industrial Development Corporation (MIDC) will not be granting permission to restart operations till May 3. Their online and offline permission system has been stopped.

Now that the GOI has fixed the base price of sugar and most of the mills have set up distilleries too, to augment their business, the scenario has changed.

The ministry of home affairs (MHA) had on April 19 issued a detailed standard operating procedure while allowing suitable deployment of their skills. As per Census, 2001, the total number of internal migrants in India was 309.385 million.

The association also said hundreds of crores of unclaimed provident fund and employees state insurance corporation contribution lie in banks attracting interest.

After the Reserve Bank of India (RBI) cut its policy repo rate by 75 basis points (bps) on March 27, a number of banks and non-banking finance companies (NBFCs) followed by cutting their lending rates.

Pawar’s letter to Modi dated April 25 echoed similar demands raised by many states including Kerala and Punjab, and underlined the notion that cutting spending was hardly an option for states at this juncture.

Though rabi rice procurement continues till the end of September, the maximum procurement happens by July 15 before monsoon covers the entire country.

The government has taken measures to contain expenditure, like freeze on its employees’ dearness allowance; it has also announced a relief package to support the vulnerable and disadvantaged sections.

In the case of Covid-19, hazardous waste is being generated in hospitals, quarantine zones or red zone areas within cities. They are potential sources of Covid-19 and can cause further spread within the locality.

The state government, in its order, said that the employees' salary for six days every month would be deducted for the next five months.

Besides, the state government will create new bank accounts for some 56 lakh farmers and issue 1.12 crore credit/debit cards to them by the next kharif season to enable them to avail crop loans and other government benefits.

Agriculture minister Tomar says Rs 18-k cr disbursed under PM-Kisan since lockdown began, to raise share of agriculture-related works under MNREGA to 77% in FY21 from 66% in FY20.

However, the Bench refused to interfere in the matter after the petitioners informed the judges that they were not personally affected and had filed the PILs in public interest.

Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5% for the financial year 2021.

The APMC officials pointed out workers usually come to the market yard on pick-up trucks, however, the police have been acting against them as social distancing is not maintained onboard the pick-ups.

The Centre’s bid to arrogate to itself the power to fix the wage floor for inter-state migrant workers in the name of uniformity across the country has hit a hurdle.

Prime Minister Narendra Modi held a crucial meeting with home minister Amit Shah and finance minister Nirmala Sitharaman to firm up strategies for the financial sector in the aftermath of the Covid-19 outbreak.

With the countrywide lockdown set to continue for two more weeks, banks have urged the Reserve Bank of India (RBI) to extend the three-month moratorium on loans by another three months beyond May 31.

The National Financial Reporting Authority (NFRA) has floated draft procedures for submission of audit logs to the regulator by audit companies and chartered accountants (CAs).

Microfinance institutions (MFIs) believe the industry will bounce back in no time as they see demand for microcredit rising soon because of emergency loan requirements of their customers to restart businesses.

The revenue situation will only get worse next month as the lockdown in the whole of April would be reflected in collections in May, said Bihar Deputy CM Sushil Kumar Modi.

The government is considering a raft of relief measures, including setting up a Rs one lakh crore fund to expedite clearances of dues owed to MSMEs, guarantee on the enhanced limit of loans (up to 20%) and a mechanism to help them pay salaries to their employees.

Nobel laureate Abhijit Banerjee has recommended that India offer cash to the poorest 60% of its population and waive off loan repayments for small businesses in the June quarter, as he pitches for a large enough fiscal package to stimulate demand in the economy ravaged by the novel coronavirus crisis.

At least 13 states hike VAT on petrol/diesel since mid-March, many make liquor costlier with new imposts.

Companies need to seek permission from the local administration – the office of the district magistrate – by submitting a host of information. Apart from the process being tedious and time-consuming, the final decision rests at DM's discretion.

The SARFAESI Act, which is now rarely being used after the Insolvency and Bankruptcy Code has come into existence since 2016, allows banks to seize, take control, manage and sell assets of defaulting borrowers without the intervention of any court/tribunal and also ensures speedy recovery.

The Tamil Nadu government has decided to hike prices of liquor by up to Rs 20, as it is readying itself to open liquor outlets on Thursday.

Grappling with low revenues following the outbreak of Covid-19 and the subsequent lockdown, the UP government hiked the value added tax (VAT) on petrol and diesel and increased the excise duty on liquor.

The e-way bill generated on or before March 24 and expiring during the March 20-April 15 period would now be valid till May 31.

In an office memorandum dated April 30, reviewed by FE, the revenue department has said it has approved the release of the RoSL benefits, which will, however, be in the form of scrips, instead of cash.