The task force set up by chief minister Ashok Gehlot in the first week of April said that there would be a two to three percentage point decline in the Gross Domestic Product (GDP) growth(PTI)
The task force set up by chief minister Ashok Gehlot in the first week of April said that there would be a two to three percentage point decline in the Gross Domestic Product (GDP) growth(PTI)

Rajasthan task force seeks Covid fund, incentives

For specific sectors, it has sought a revolving fund for self-help groups (SHGs), money as seed capital to provide financial aid to small and medium industries and a mandatory chief health officer to reassure people about safety, according to the task force’s report accessed by HT.
By Sachin Saini | Hindustan Times, New Delhi, Jaipur
UPDATED ON APR 23, 2020 03:24 AM IST

A Rajasthan government task force has sought the setting up of a national coronavirus disease (Covid) management fund, the suspension of Central permissions for setting up industries, except highly polluting ones, and the deferring of repayment of all state development loans by three months to revive the economy and improve the state’s financial health.

For specific sectors, it has sought a revolving fund for self-help groups (SHGs), money as seed capital to provide financial aid to small and medium industries and a mandatory chief health officer to reassure people about safety, according to the task force’s report accessed by HT.

The report also quoted a study by the International Labour Organisation to say that around 90% or 400 million people working in the informal economy are at risk of falling deeper into poverty during the crisis. “The latest CMIE report on job destruction due to Covid-19 states that about 12 crore Indians have already lost employment over the first lockdown [sic],” the report said, adding that medium and small enterprises and the service sector were “staring at bankruptcy.”

The task force set up by chief minister Ashok Gehlot in the first week of April said that there would be a two to three percentage point decline in the Gross Domestic Product (GDP) growth, primarily because three of the four drivers of growth are seeing a huge “negative shock” in the first half of 2020. The three drivers that will see a fall are private consumption, investment and exports, the report said.

“A temporary lockdown can have a permanent negative impact, especially in agriculture, animal husbandry, fishing and the service sector… A national strategy to minimise the impact of coronavirus on the economy must, therefore, counter the above negative effects,” the report said.

The task force headed by economic advisor to the chief minister and former union finance secretary Arvind Mayaram had sought inputs from experts such as former RBI governors Raghuram Rajan and Urijit Patel, former chief economic advisor Kaushik Basu and industry captains such as Naina Lal Kidwai, chairman, India Advisory Board, Advent Private Equity, and Anil Agarwal of Vedanta Resources.

At the national level, the task force suggested ramping up the interstate movement of goods and services, the immediate transfer of all the budgeted amount of Central Sector Schemes and Central Sector funds to the states, suspending prior approval under Central laws for setting up industries except polluting industries falling under red category and a Covid debt mobilisation plan, in which the amount equal to 4% of the GDP can be mobilised.

The report also asked the Centre and the Reserve Bank of India to reschedule and defer all repayments and interests on State Development Loans (SDLs), for three months, with no penalty for deferred payment, and incentives to manage fiscal deficits, which are likely to increase in the current financial year because of the falling revenue and increase in Covid expenditure.

“The most significant impact that the GOI can have on fighting the economic downturn rests in this coordinated use of fiscal and monetary policy, which only the GOI can do as it has vested sovereign powers. It must recognise that the front-line battle, where resources are urgently required, is at the state level. Therefore, in the spirit of co-operative federalism, states should be trusted with untied resources,” the report said.

The report suggested introducing the position of Chief Public Health Officer (CPHO) to provide direction to medical, health and family welfare department staff, including medical professionals, scientists, and epidemiologists, as they plan and respond to the emergency, the report said.

To boost the MSME sector, the report suggested providing seed capital as grant in aid, in addition to Mudra loans. The MSMEs may also be supported with reimbursement of salaries for three months by the government or given GST credit equal to 50% of the workers’ wage bill of six months (to be availed over the next two years), the report said.

To support the local village economy, self-help groups (SHGs) could be given a revolving fund to lend money to their members as well as to migrants who have lost jobs because of Covid. The infusion of funds to the groups and their federations will meet their consumption needs and help them revive the livelihood of their members, as well as provide capital to improve consumption.

Although the suggestions of the task force are aimed at restarting the economy in Rajasthan, the officials said the measures can be implemented anywhere in the country. The task force report will now be submitted to the Central government as the state’s inputs for reviving the national economy.

SHARE THIS ARTICLE ON
Close
Brahamchari Atmabodhanand staging fast at Matri Sadan ashram in Haridwar.(HT PHOTO)
Brahamchari Atmabodhanand staging fast at Matri Sadan ashram in Haridwar.(HT PHOTO)

Seer on fast for closure of all hydel power projects on Ganga writes to PM Modi

PUBLISHED ON MAR 07, 2021 05:40 PM IST
  • Brahamchari Atmabodhanand of Haridwar's Matri Sadan ashram wrote to Prime Minister Narendra Modi, describing his fast as ‘tapasya’, a fight against corruption and for preserving the environment.
Close
"We are in the process of modernising our way of functioning. But it's in the initial stage currently. We have given an expression of interest and asked the NIC and the NeGD to conduct a study on the working of the fire department," a senior Delhi Fire Service (DFS) official said.(HT File photo)
"We are in the process of modernising our way of functioning. But it's in the initial stage currently. We have given an expression of interest and asked the NIC and the NeGD to conduct a study on the working of the fire department," a senior Delhi Fire Service (DFS) official said.(HT File photo)

Delhi Fire Services plan tech overhaul, reduce response time, improve efficiency

PTI, New Delhi
PUBLISHED ON MAR 07, 2021 05:21 PM IST
The National Informatics Centre (NIC) and the National e-Governance Division (NeGD) have been asked to study the working of the fire department and accordingly give suggestions to modernise its functioning, officials said on Sunday.
Close
President Ram Nath Kovind during the inauguration of Sardar Vallabhbhai Patel Sports Enclave and Narendra Modi Stadium, at Motera in Ahmedabad on Wednesday. (ANI Photo)
President Ram Nath Kovind during the inauguration of Sardar Vallabhbhai Patel Sports Enclave and Narendra Modi Stadium, at Motera in Ahmedabad on Wednesday. (ANI Photo)

'Sex ratio better here': President Kovind praises gender equality among tribals

By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
PUBLISHED ON MAR 07, 2021 05:10 PM IST
  • The President was on a two-day visit to Madhya Pradesh. Sunday's 'Janjatiya Sammelan' where he delivered his speech was organised by the MP Tribal Welfare Department.
Close
The Mumbai locals were open for the general public in restricted timing since February 1 while cases began to spike from mid-February. (Representative Image)(HT File)
The Mumbai locals were open for the general public in restricted timing since February 1 while cases began to spike from mid-February. (Representative Image)(HT File)

News updates from HT: Centre blames polls, public transport for Maha Covid spike

By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON MAR 07, 2021 04:50 PM IST
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Close
“Aap unhi se puchiye (ask him only),” CM Nitish Kumar said on Sunday after reporters asked what he had to say about the Union minister’s remark.(ANI Photo)
“Aap unhi se puchiye (ask him only),” CM Nitish Kumar said on Sunday after reporters asked what he had to say about the Union minister’s remark.(ANI Photo)

Beat up govt officials with sticks, says Giriraj in Bihar; CM Nitish reacts

By hindustantimes.com | Written by Harshit Sabarwal, New Delhi
UPDATED ON MAR 07, 2021 03:53 PM IST
While addressing a function in his constituency of Begusarai in Bihar on Saturday, Union fisheries minister and Bharatiya Janata Party (BJP) leader Giriraj Singh told people that they should beat up government officials who don’t listen to them.
Close
Mumbai locals were open for the general public in restricted timing since February 1. Cases started to rise from mid-February(HT_PRINT)
Mumbai locals were open for the general public in restricted timing since February 1. Cases started to rise from mid-February(HT_PRINT)

Maharashtra Covid spike: Crowded public transport, polls to blame, says Centre

By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON MAR 07, 2021 04:15 PM IST
The resumption of Mumbai local services for the general public has also been taken into account as the report mentioned crowded public transport as a reason for the spike.
Close
NCP party chief Sharad Pawar(HT photo)
NCP party chief Sharad Pawar(HT photo)

Sharad Pawar slams PM, says 'he has time for Kolkata, but not for farmers'

By hindustantimes.com | Written by Nilavro Ghosh, Hindustan Times, New Delhi
UPDATED ON MAR 07, 2021 04:46 PM IST
"Centre's responsibility is to establish brotherhood, but BJP spreading communal poison in country. Farmers have been protesting for 100 days, PM has time to go to Kolkata, rally against West Bengal govt, but no time to visit farmers in Delhi," Pawar said in Ranchi.
Close
The cabinet has resolved 16 major decisions including the decisions pertaining to the departments of Energy, Agriculture, and Farmer's Welfare, Social security, and empowerment of persons with a disability, Excise, General administration and public grievance, Panchayati Raj and drinking water, Revenue and disaster management, and Steel and mines.
The cabinet has resolved 16 major decisions including the decisions pertaining to the departments of Energy, Agriculture, and Farmer's Welfare, Social security, and empowerment of persons with a disability, Excise, General administration and public grievance, Panchayati Raj and drinking water, Revenue and disaster management, and Steel and mines.

Odisha cabinet resolves 16 major decisions under Naveen Patnaik's chairmanship

ANI, Bhubaneswar
PUBLISHED ON MAR 07, 2021 02:51 PM IST
According to a press release, the decision was taken in the Cabinet meeting held under the chairmanship of Chief Minister Naveen Patnaik.
Close
MP Sanjay Raut.(HT file photo)
MP Sanjay Raut.(HT file photo)

‘Topic of emergency should be buried once and for all’, says Shiv Sena

PUBLISHED ON MAR 07, 2021 02:51 PM IST
  • The Shiv Sena's mouthpiece Saamana asked what was the need to revisit the same topic again and again when it has become obsolete.
Close
The government also gave a nod to private vaccination centres where people can get the jab at a set price.(AP)
The government also gave a nod to private vaccination centres where people can get the jab at a set price.(AP)

India reaches 20 million mark, 1.5 million inoculated in a single-day

By hindustantimes.com | Written by Shivani, New Delhi
UPDATED ON MAR 07, 2021 02:35 PM IST
  • India is behind only the United States and the United Kingdom in terms of the total number of people receiving vaccination, data from the health ministry shows.
Close
Amit Shah started the door-to-door campaign by visiting 11 homes at Suchindram town in Kanyakumari.(PTI)
Amit Shah started the door-to-door campaign by visiting 11 homes at Suchindram town in Kanyakumari.(PTI)

Amit Shah confident of NDA victory in upcoming TN assembly polls

ANI, Kanyakumari, Tamil Nadu
PUBLISHED ON MAR 07, 2021 02:27 PM IST
"I am confident that the All India Anna Dravida Munnetra Kazhagam (AIADMK)-BJP- Paattali Makkal Katchi (PMK) government will be formed in Tamil Nadu," Amit Shah said.
Close
The Budget session of the Parliament was scheduled to run till April 8.(REUTERS File Photo)
The Budget session of the Parliament was scheduled to run till April 8.(REUTERS File Photo)

Budget session of Parliament likely to be cut short due to assembly polls

PUBLISHED ON MAR 07, 2021 02:04 PM IST
  • Parliament officials said that the government managers as well as many opposition leaders have requested Rajya Sabha chairman Venkaiah Naidu and Lok Sabha Speaker Om Birla to cut short the session as leaders of many parties would be busy in the campaign for the polls.
Close
Rohingyas at a special camp at M A M stadium in Jammu on Saturday during a verification drive.(PTI)
Rohingyas at a special camp at M A M stadium in Jammu on Saturday during a verification drive.(PTI)

J-K police continue verification drive of illegal Rohingyas

PUBLISHED ON MAR 07, 2021 01:48 PM IST
  • The Jammu and Kashmir administration is also collecting biometric and other details of Rohingyas staying in the union territory.
Close
In the 2014 Lok Sabha polls, the Bharatiya Janata Party (BJP) swept the region after promising to clear the sugarcane dues owed to farmers.(Bloomberg file photo)
In the 2014 Lok Sabha polls, the Bharatiya Janata Party (BJP) swept the region after promising to clear the sugarcane dues owed to farmers.(Bloomberg file photo)

From farms to mills, a long wait for UP farmers just to get sugarcane weighed

PTI, Muzaffarnagar
PUBLISHED ON MAR 07, 2021 01:36 PM IST
  • Among those waiting at the weighing scale are also people who do not own land but are engaged in transporting sugarcane from farms to sugar mills after getting the yield measures at weighing scales.
Close
Union home minister Amit Shah reached Kanyakumari on Sunday to campaign for Pon Radhakrishnan, who has been fielded for the April 6 bypoll.. (ANI Photo)
Union home minister Amit Shah reached Kanyakumari on Sunday to campaign for Pon Radhakrishnan, who has been fielded for the April 6 bypoll.. (ANI Photo)

News updates from HT: Amit Shah campaigns door-to-door in Kanyakumari

By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON MAR 07, 2021 01:24 PM IST
  • Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Close
SHARE
Story Saved
OPEN APP