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Regulatory work relegated to background amid Covid-19

Resolution details the country's 2018 adoption of UN system

Intended for staff and external experts

Junior minister says 'independent' decisions will be based on rigorous scientific assessment

But campaign group concerned about selected modelling tools

Pushes need for future cooperation agreements

'Necessary' for sustainable recovery after Covid-19 pandemic

Standing crops like wheat, paddy, mustard, chana, chillies, pulses etc, are ready for harvest in many parts of India but the lockdown and restrictions have created a situation where harvesting, transport and marketing is curtailed.

By front-loading PM-Kisan, the Centre has transferred Rs 13,855 crore as the first instalment of Rs 2,000 to each of the 6.93 crore farmers as on Friday, the finance ministry tweeted.

In its status report submitted earlier, the Centre had said that all the steps were being taken for the welfare and benefit of migrant workers.

The letter has urged, mainly for wage subsidy to large employers, on the lines of the Netherlands and Australia .

CPC used a web-based survey to reach out to 1,252 respondents in 31 cities and towns of Maharashtra.

Further, the Board said that it was processing an additional 1.75 lakh refund claims, which would be credited directly to the taxpayer bank account in 5-7 business days from issuance.

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.

Kerala has the country's highest Covid-19 recovery rate with218 out of the 387 coronavirus positive cases recovering . The state has also decided to increase the number and extent of testing, chief minister Pinarayi Vijayan told mediapersons.

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.

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.

As per data from the Reserve Bank of India (RBI), the total reserves stood at $476.475 billion at the end of the week.

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.

The need of the hour is to promote remote working and expand gig economy, speakers at a Niti Aaayog-organised Webinar said.

The stock of products with retailers currently is just about sufficient and distributors have been directed to supply them with quantities that will last for about four days or so.

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.