Analysis
States Update: April 8, 2020
Posted on
Big News: Reserve Bank of India increases ways and means limit by 30 percent for all states/UTs; India implements clean petrol/diesel emission norms; Karnataka aims measures at protecting local aerospace and defence manufacturers; Andhra Pradesh drafts bail-out plan for power utilities; Tamil Nadu offers incentives for manufacturing COVID equipment; and more
Center – State relations
The Reserve Bank of India (RBI) unveiled three fresh measures to ease conditions for exporters, state governments and banks amid the lockdown. The measures include increasing the ways and means advances (WMA) limit by 30 percent from the existing limit. Source: Financial Express In detail: Press Release
India switches to Bharat Stage-VI emission norms. With this implementation, India joins a select group of countries that retail the world’s cleanest petrol and diesel. Source: Bloomberg Quint In detail: Press Release
The government cuts the domestic natural gas price by 26 percent to $ 2.39/MMBTU on Gross Calorific Value (GCV) basis, for the April-September 2020 period. Source: Economic Times In detail: Notice
The World Bank has approved $1 billion fund to aid India’s COVID-19 response. This is the largest ever health sector support from the World Bank to India. Source: Mint In detail: Press Release
Andhra Pradesh
The state government is extending guarantees to secure a $457.5 million loan from Power Finance Corporation Limited to meet the working capital requirement of power utilities amidst the COVID-19 crisis. Source: Business Line
Bihar
Nothing critical to report
New Delhi
Nothing critical to report
Gujarat
Gujarat Electricity Regulatory Commission (GERC) keeps power tariffs unchanged for the 2020-21 fiscal. Source: Times of India In detail: Tariff notice
Haryana
Nothing critical to report
Karnataka
The Karnataka government exempts local aerospace and defence (A&D) manufacturers from the nationwide Covid-19 lockdown Source: Business Standard
Madhya Pradesh
Nothing critical to report this week
Maharashtra
The Maharashtra government announced an average of 8 percent electricity tariff cut for the next five years to help businesses and people tide over the Covid-19 crisis. Source: Economic Times In detail: Tariff order
Rajasthan
Nothing critical to report this week
Tamil Nadu
The state government has offered incentives to promote production of equipment to combat Covid-19. The incentives include 30 percent capital subsidy, subject to a ceiling of $2.6 million. Source: Business Standard In detail: Press release (Tamil)
Telangana
Nothing critical to report this week
Uttar Pradesh
Nothing critical to report this week
West Bengal
Nothing critical to report this week
Best of the Rest
Himachal Pradesh
The World Bank approves $82 million project to support Himachal Pradesh strengthen its transport and road safety institutions by improving state road network infrastructure Source: Construction week online In detail: Press Release
Jammu and Kashmir
The Ministry for Home Affairs (MHA) issues orders to make domiciles of Jammu & Kashmir (J&K) eligible for all government jobs in J&K. Source: Economic Times In detail: Gazette Notification