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The government has scrapped the privatisation of SAIL's 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).