Now is the time to move forward and re-open the economy: Karnataka chief secretary
Bengaluru, June 2:: Time has come for Karnataka to move forward and "re-open" the economy as the State has reached a stage where it can resume industrial operations in a staggered phase, Chief Secretary P Ravi Kumar said on Wednesday, as he took note of the impact of COVID lockdown on industries.
The state government today held a meeting with industry representatives and office-bearers from industry bodies to discuss issues concerning business impact due to Covid lockdown, during which they also sought for waiver of tariff, taxes, and to boost vaccination drive.
The meeting touched upon the issues impacting their businesses due to Covid lockdown, suggestions for solutions, and relief from the government and measures for restarting the economy post the lockdown, an official release said.
We had reached the peak of the covid-19 second wave in May and had taken strict measures. To bring the second wave under control, the government had to resort to stringent measures and impose a lockdown. However, we have now reached a stage and can resume industries operations in a staggered phase. Now is the time to move forward and re-open the economy, Kumar was quoted as saying in a release.
Many issues raised by the industry bodies are reasonable.
Few are financial and non-financial, and the government would take a look into these demands.
On the opening of essential and non-essential industries, he said, "We will think about it in the coming days."
The Chief Secretary also thanked the industry bodies and associations that helped the government fight the second wave for the last 45 days.
On tackling the third wave, the government is working round the clock, and an SOP shall be in place to handle the pandemic, he said.
The Covid-19 second wave has seen a decline in the revenues across sectors now poses an existential crisis for many businesses, impacting their viability for the next 6-12 months with the shortage of capital flow as the main challenge, the release said.
A decline in economic activities during lockdowns has threatened business continuity for many small businesses, making MSMEs one of the worst-hit sectors, it said.
Suggestions made by industry bodies during the meeting include: To consider MSME workers as frontline workers and get them vaccinated, waiver of the monthly excise licence for the next six months (Rs 75,000 is the monthly licence fee), waiver of BESCOM (power) bills and fixed charges for the lockdown period, among others.
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Rajnath Singh chairs IGoM meet, urges constant vigil over West Asia crisis
New Delhi (PTI): Defence Minister Rajnath Singh on Thursday emphasised the need for round-the-clock monitoring of the West Asia conflict and called for a calibrated response to deal with any eventuality to ensure that national interests remain protected.
Singh made the comments while chairing a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia.
The meeting was attended by External Affairs Minister S Jaishankar, Finance Minister Nirmala Sitharaman, Oil Minister Hardeep Singh Puri, Power Minister Manohar Lal, Chemicals and Fertilizers Minister J P Nadda, Consumer Affairs Minister Prahlad Joshi and Minister of Railways, Information and Broadcasting, Electronics and Information Technology Ashwini Vaishnaw.
In view of the "uncertain situation", the defence minister underlined the importance of round-the-clock monitoring of the situation and the need to respond in a calibrated manner to deal with any eventuality, an official readout said.
He stressed on the need to leave no stone unturned to ensure that the people of the country face the minimum effect of the conflict, it said.
It was the second meeting of the IGoM after it was set up last month.
The IGoM was apprised of the measures being taken by the government in the wake of the ongoing West Asia conflict, Singh said on social media.
"We also deliberated upon the next steps to be taken by the government to mitigate any adverse impact arising due to the ongoing conflict," he said.
The defence ministry said in the readout said, "In the meeting, the seven empowered groups of secretaries briefed the IGoM on the steps being taken to tackle the situation."
"The IGoM was apprised about measures undertaken by the Ministry of Finance to address concerns arising due to global trade disruptions and provide relief and support to the industry, especially manufacturing, and bolster investor confidence," it said.
It listed measures including notification issued on Wednesday on full customs duty exemption on 40 critical petrochemical products till June 30.
The ministry also mentioned announcement of a special one-time relief measure for eligible units in SEZs to sell manufactured goods in Domestic Tariff Area (DTA) at concessional customs duty rates to be effective from April 1 to March 31.
It also noted another notification issued by the Department of Revenue clarifying that the provisions of GAAR (General Anti Avoidance Rules) will not be invoked in respect of investments made prior to April 1, 2017.
"These measures will reduce cost pressures on downstream sectors including textiles, packaging and pharmaceuticals, facilitate supply stability in the country and provide requisite clarity for investors contemplating investments in India," the readout said.
Defence Minister Singh appreciated the government's decision to impose a 25 per cent cap on the monthly increase in aviation turbine fuel prices for domestic operations, with effect from April 1.
This step will help protect the people from sudden increase in fares, he said.
The government has accorded highest priority to domestic LPG supply, with refinery production enhanced to fully meet consumption requirements, according to the readout.
"The IGoM was informed that there have been no reports of dry-out at LPG distributorships, and delivery of domestic LPG (liquefied petroleum gas) cylinders continues as per the normal schedule. The temporary supply concerns arose due to instances of hoarding and black marketing, which triggered panic buying in certain areas," it said.
The ministers were informed that strict enforcement action is being undertaken, with raids being carried out across multiple states and Union territories to curb hoarding and black marketing of LPG, the ministry said in the readout.
Action has also been taken against some LPG distributors who engaged in malpractices, it said.
"To support migrant labour and low-consumption households, the government is ensuring adequate availability of 5 kg free trade LPG cylinders, and since March 23, over 4.3 lakh such cylinders have been sold. Special focus is being given to states where demand is higher," it said.
The IGoM was apprised that industrial requirements dependent on commercial LPG are being met, with over 80 per cent of pre-crisis supply levels being maintained to ensure continuity of operations.
"Special meetings have been held with ministries and stakeholders of different industries to understand their demand and meet their needs. Oil PSUs are ensuring continued supply of Auto LPG across the country," the readout noted.
"However, some supply constraints are being faced by private operators due to their procurement challenges, which is why lines are being observed at PSU auto LPG pumps. Wherever the autos are dual feed and can use petrol, they are being encouraged to use petrol," it said.
