Cabinet approves ₹17,000 cr PLI scheme for IT hardware
PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices
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Civil aviation ministry disbursed ₹30 cr in FY23 under PLI schemes for drones, drone components
According to the ministry, the total incentive is ₹120 crore spread over three financial years. It is nearly double the combined turnover of all domestic drone manufacturers in FY2020-21.
FTP 2023: Can it navigate the new world order?
Critical policies like import barriers, providing PLIs, keeping out of mega trading blocs of RCEP and IPEF call for a mandatory review before new policy formulations
PLI schemes to create 60 lakh new jobs in 5 yrs: Centre
The Centre’s projections say the minimum production in India as a result of PLI schemes is expected to be over US$ 500 billion in 5 years.
Exports dip 6.6% to $33 bn in Jan; trade deficit at $17.7 bn
India's trade deficit ballooned to $83.5 billion in FY22, a manifold rise from Covid-hit year of 2020-21 when it was $13.2 bn, shows govt data
Is PLI the Magic Pill?
The government’s ambitious manufacturing scheme has set the private capex in motion but economic outcomes will take their time coming.
Economic Survey 2023: Govt urges private capex to take lead, create jobs
Indian non-financial private sector debt and non-financial corporate debt as a share of GDP declined by nearly thirty percentage points in the last decade
Economic Survey 2022-23: India has unique opportunity to be 'global manufacturing hub'
The three primary assets to capitalise on this opportunity are potential for significant domestic demand, govt’s drive to encourage manufacturing and young workforce.
Budget 2023: Satellite makers seek PLI for space sector
Satcom Industry Association of India has also sought a tax holiday regime and Goods and Services Tax incentives for organisations and entities engaged in the space sector.
Budget needs to focus on education, health, PLI, capex: Assocham's Sumant Sinha
Assocham also called for relief on the direct tax front, given the buoyancy witnessed in tax collection in the current financial year.
