Page 2 - Empowered Group News Today

Uday Reddy, Founder Chairman and CEO of Tanla, said that Sharma’s incredible vision and track record in India’s digital transformation journey makes him an invaluable addition to Tanla’s board.

Congress leader Jairam Ramesh alleges that the Modi government is solely responsible for the uncertainty surrounding SAIL units, which were supposed to be divested.

The government has extended the tenure of the Production Linked Incentive (PLI) scheme for automobile and auto components by five years beginning the current financial year, ie, 2023-24.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The government of India has extended the tenure of the Production Linked Incentive (PLI) scheme for automobile and auto components manufacturers by a year.The total outlay for the scheme has been increased to Rs 25,938 crore.

The government has scrapped the privatisation of SAILs Salem Steel Plant (SSP) in Tamil Nadu. This is the third unit of public sector major SAIL where the government has decided not to go ahead with the strategic sale. In 2018, the Cabinet Committee on Economic Affairs (CCEA) approved the strategic sale of these three units of Steel Authority of India Ltd (SAIL). Accordingly, global Expressions of Interest (EoIs) were invited on July 4, 2019, by SAIL for SSP.

The Ministry of Heavy Industries has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments. The scheme will be applicable for five consecutive financial years, starting from FY24 and ending in 2027-28. The government has also modified the incentive outlay table to Rs. 25,938 crore.

The incentives as part of the scheme will now be available from FY24 to FY28, an official release noted.

The Union Ministry of Heavy Industries said on Monday that it has issued a gazette notification to announce the extension of the tenure of the Production Linked Incentive (PLI) scheme for automobile and auto components by one year.The decision ...

The move follows markets regulator Sebi allowing the facility through the UPI app developed by the National Payment Corporation of India (NCPI).