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Rahul Gandhi should look after Congress-ruled states first before giving lectures to others: Prakash Javadekar

NEW DELHI: Slamming Rahul Gandhi for the political turmoil in Punjab, Union Minister Prakash Javadekar said the Congress leader should first look after ....

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Cabinet clears Development Finance Institution with capital infusion of Rs 20000 crore

Cabinet clears Development Finance Institution with capital infusion of Rs 20000 crore
ANI |
Updated: Mar 16, 2021 16:29 IST
New Delhi [India], March 16 (ANI): The Union Cabinet has cleared the setting up of a Development Finance Institution (DFI) with a capital infusion of Rs 20,000 crore, announced Finance Minister Nirmala Sitharaman on Tuesday.
During the Union Budget, we had mentioned that we will be setting up a national bank to fund infrastructure and developmental activities. Past attempts to have alternative investment funds were taken up, but for various reasons, we ended up with no bank which could take up long-term risk (which is very high) and fund development. Following this, Union Cabinet has cleared the setting up of a Development Finance Institution (DFI), in acknowledgement of the realisation that both development and financial objectives will matter for setting up a DFI, said Sithraman while addressing a pre ....

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Social media will be asked to reveal the first originator of mischievous tweet or message: IT Minister

Home >Industry >Media >Social media will be asked to reveal the first originator of mischievous tweet or message: Govt releases guidelines
Social media will be asked to reveal the first originator of mischievous tweet or message: Govt releases guidelines
Union Minister for Law & Justice, Communications and Electronics & Information Technology, Ravi Shankar PrasadPremium
4 min read
Posts regarding dignity of women will be ordered to be removed in 24 hours, said Ravi Shankar Prasad in Cabinet briefing
OTT platforms to have to have self regulation bodies headed by a retired judge or an eminent person, I&B minister Javadekar said
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PLI scheme to bring in investment of Rs 15,000 cr in pharma sector: Govt

The Union Cabinet on Wednesday approved production-linked incentive (PLI) scheme for pharmaceuticals over a period of eight years (FY21-FY29). It will benefit domestic manufacturers, help in creating employment and is expected to contribute to the availability of wider range of affordable medicines for consumers.
The total quantum of incentive under the scheme is about Rs 15,000 crore.
The manufacturers of pharmaceutical goods registered in India will be grouped based on their global manufacturing revenue to decide the target elements for the scheme.
The scheme is expected lead to the total incremental sales of Rs 2.94 trillion and exports worth Rs 1.96 trillion are estimated during six years from FY23 to FY28. It is also expected to bring in investment of Rs.15,000 crore in the pharmaceutical sector. ....

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PLI scheme for IT products has outlay of over Rs 7,000 cr, says govt

The union cabinet on Wednesday approved production-linked incentive scheme for IT hardware products. The target IT hardware segments under the proposed Scheme include laptops, tablets, personal computers (PCs) and servers.
The total cost of the PLI scheme for IT hardware is approximately Rs 7,350 crore over 4 years.
After the success of in bringing investments in mobile phone (handsets and components) manufacturing, the union cabinet chaired by the Prime Minister, Narendra Modi has approved the PLI scheme for IT hardware, the government said in a release.
The proposed scheme is likely to benefit major global as well as domestic manufacturers of IT hardware products and will offset the import reliance in this segment. Over the next 4 years, the scheme is expected to lead to total production of upto Rs 3.26 trillion. ....

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