- It is time to make India atma nirbhar, become vocal for local: PM Modi
Prime Minister Narendra Modi on Thursday said India faces several challenges in the wake of the coronavirus crisis but added that there is no better time for bold decisions and investments to make India a globally competitive supply chain. PM Modi spoke at length about the government’s plan to make India self-reliant and urged people to go “vocal for local” to help develop local manufacturing and businesses. Prime Minister Narendra Modi also went on to say that it is time to take the Indian economy out of “command and control” and take it towards “plug and play”, adding that this is not the time for a conservative approach. “At this time we’ve to take the Indian economy out of ‘command and control’ and take it towards ‘plug and play’. This isn’t the time for a conservative approach,” Modi said.
- Centre presses CGHS hospitals to treat Covid cases, central teams to visit high case load states
The Union Ministry of Health and Family Welfare has ordered all Central Government Health Scheme (CGHS) empanelled hospitals, notified as COVID-Hospitals by state governments, to provide all coronavirus-related treatment to CGHS beneficiaries. The ministry has also directed all CGHS empanelled hospitals, which are not notified as Covid hospitals, not to deny treatment to beneficiaries and charge as per CGHS norms for all other treatment. The Union health ministry has warned of action if it notices any violation of the guidelines. The Union Health Ministry has also deputed central teams to provide technical support to the states with heavy coronavirus case load.
- All kind of loans, contractual transactions can’t be put under moratorium: SEBI to SC
Almost all industries in the country have been suffering due to Covid-19 pandemic but all kinds of loan and contractual transactions cannot be put under the moratorium, the Securities and Exchange Board of India (SEBI) has told the Supreme Court. While seeking dismissal of the plea filed by an association of real estate developers, the SEBI said that it appears to be “proxy litigation” where the petitioners have raised grievances and issues relating to NBFCs and Housing Finance Corporations (HFCs) rather than issues relating to their own members. The apex court had on May 15 issued notices to the Centre, RBI, SEBI and others seeking their responses on the plea. It had said that repayment schedule for such loans as also the residual tenor would be shifted across the board by three months after the moratorium period.