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Big News: Reserve Bank of India announces measures to boost liquidity by $49.6 billion; Electricity utilities get a three month moratorium on overdue payments; Center extends project completion deadline for renewable energy projects; Delhi passes $8.6 billion state budget; Chhattisgarh issues renewable tariff regulation; and more

Center – State relations

The Reserve Bank of India announced a series of emergency measures to mitigate the lockdown impact. The measures include boosting liquidity by $49.6 billion, cutting interest rates to a record low, and ordering moratorium on loan repayments. Source: Economic Times In detail: Press Release

The Finance Minister announced relief measures relating to statutory and regulatory compliance matters across sectors. Source: Business Standard In detail: Press Release

The Ministry of New and Renewable Energy extends project completion deadline for all renewable energy projects amid nationwide lockdown. Source: Mint In detail: Press Release

The Union Cabinet has approved a financial relief package for the power sector to ensure 24x7 power supply. The state owned electricity distribution companies get a three month moratorium on dues to generation and transmission companies. Source: Business Standard In detail: Press Release

The government has restricted the export of key anti-malarial drug Hydroxycloroquine, to ensure sufficient availability of the medicine in the domestic market. An export ban has also been extended to sanitisers, ventilators, and masks. Source: Business Standard In detail: Notification (Hydroxycloroquine); Notification (Mask)

Andhra Pradesh

Nothing critical to report.

Bihar

Nothing critical to report.

New Delhi

Delhi government passed a budget with an outlay of $8.6 billion for 2020-21. The budget included $2 billion allocation for education and $1 billion allocation for health. Source: Mint In detail: Budget 2020-21

Gujarat

Nothing critical to report.

Haryana

Haryana government has announced that consumers paying their electricity bills digitally will be given a special discount of 2 percent on their electricity bill. Source: Daily Pioneer In detail: Press Release

Karnataka

Nothing critical report.

Madhya Pradesh

Nothing critical to report.

Maharashtra

Japan International Cooperation Agency has signed an agreement with the central government to provide an official development assistance loan of $329.2 million for Mumbai Metro Line 3. Source: Economic Times In detail: Press Release

Rajasthan

The Rajasthan government revised higher dearness allowance for its employees to 17 percent, from the existing 12 percent. Source: Outlook In detail: Press Release

Tamil Nadu

Nothing critical to report.

Telangana

Telangana government earmarks $4.64 billion to buy all of the farmers’ produce. Source: The Hindu Business Line

Uttar Pradesh

Uttar Pradesh Power Corporation Limited will waive the money charged by banks on online payment of power bills through credit or debit cards. Source: Hindustan Times

West Bengal

Nothing critical to report.

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Chhattisgarh

The Chhattisgarh State Electricity Commission has issued the final generic levelized tariff regulations for clean energy projects in the state for the current fiscal year. Source: Mercom In detail: Tariff Order