Page 49 - Industry News
No funds disbursed under ₹24K cr solar PLI scheme till Feb: Govt tells LS
The Ministry of New and Renewable Energy, Government of India, is implementing the PLI Scheme for High Efficiency solar PV modules with an outlay of Rs 24,000 crore
 "No funds disbursed under ₹24K cr solar PLI scheme till Feb: Govt tells LS")
Alternative West Asia shipping routes provide relief for aluminium prices
Aluminium prices ease as Emirates Global Aluminium secures alternative export routes, easing supply fears linked to tensions around the Strait of Hormuz
 "Alternative West Asia shipping routes provide relief for aluminium prices")
Cabinet clears ₹33,660 cr BHAVYA scheme to set up 100 industrial parks
The Cabinet approved the ₹33,660 crore BHAVYA scheme to develop 100 industrial parks with Centre-state and private participation, aiming to boost manufacturing, investment and jobs
 "Cabinet clears ₹33,660 cr BHAVYA scheme to set up 100 industrial parks")
Bank job aspirants must have good credit score for final selection: Govt
Institute of Banking Personnel Selection (IBPS) is a test-conducting agency engaged by member banks for conducting recruitment examinations, as per their mandate and requirements
 "Bank job aspirants must have good credit score for final selection: Govt")
India to mandate local solar ingots, wafers for energy projects from 2028
India currently relies entirely on China for its imports of cells, ingots, wafers and poly silicon for solar panels
 "India to mandate local solar ingots, wafers for energy projects from 2028")
CCI probes Givaudan, Firmenich, IFF over deals not to poach workers
The fragrance case is India's first touching on labour practices, lawyers say, though authorities have often investigated price-fixing
 "CCI probes Givaudan, Firmenich, IFF over deals not to poach workers")
Gas shortage halts over 400 ceramic units in Gujarat's Morbi for 3 weeks
The ceramic industry relies heavily on propane or natural gas for its operations, particularly for firing kilns and drying processes
 "Gas shortage halts over 400 ceramic units in Gujarat's Morbi for 3 weeks")
India's semicon market to reach $300 billion by 2035: Deloitte report
According to report, India is poised for a structural shift as local production is expected to meet more than 60% of domestic demand of its semiconductor needs by the end of 2035
 "India's semicon market to reach $300 billion by 2035: Deloitte report")
Parl panel seeks 'golden share' safeguard for PSU stake dilution below 51%
Finance panel asks Centre to outline legal safeguards, including golden share, to retain strategic control in PSUs if government stake falls below 51 per cent
 "Parl panel seeks 'golden share' safeguard for PSU stake dilution below 51%")
Concerns grow over Darjeeling first flush amid shortage of commercial LPG
Industry bodies warn fuel curbs may disrupt processing of premium first flush tea, which drives a large share of Darjeeling's annual revenue
 "Concerns grow over Darjeeling first flush amid shortage of commercial LPG")
West Asia conflict: Plastic units face closure as polymer costs rise 70%
Plastic units across India face shutdowns as polymer prices surge up to 70 per cent, disrupting production and threatening MSMEs, jobs and supply chains
 "West Asia conflict: Plastic units face closure as polymer costs rise 70%")
Asian spot LNG prices likely to rise 40 % in 2026, says Rystad Energy
Asian LNG spot prices may rise to $14/mmbtu in 2026 amid West Asia conflict, with Strait of Hormuz disruptions curbing supply and keeping shipping traffic constrained
 "Asian spot LNG prices likely to rise 40 % in 2026, says Rystad Energy")
LPG shortage in Delhi-NCR leaves consumers scrambling for refills
Long queues and limited stock show a system not firing on all cylinders
 "LPG shortage in Delhi-NCR leaves consumers scrambling for refills")
India's LPG consumption drops 17% in March amid West Asia conflict
India imports about 60 per cent of its LPG requirements, much of it via the Strait of Hormuz, which has been effectively shut following US and Israeli strikes on Iran and Tehran's retaliation
 "India's LPG consumption drops 17% in March amid West Asia conflict")
More ministries may get powers to order removal of online content
Government may amend Section 69(A) of the IT Act to empower key ministries to issue emergency content takedown orders, expanding powers beyond MeitY
 "More ministries may get powers to order removal of online content")
Demergers unlock value but outcomes hinge on structure, says InGovern
InGovern study shows India Inc demergers have unlocked shareholder value, though outcomes vary widely depending on structure and execution of corporate restructuring
 "Demergers unlock value but outcomes hinge on structure, says InGovern")
Morning-after pills: DTAB pushes for boxed warnings, stricter norms
CDSCO's DTAB panel proposes boxed warnings on emergency contraceptive pills and inclusion under Schedule K to ensure safer usage while retaining over-the-counter availability
 "Morning-after pills: DTAB pushes for boxed warnings, stricter norms")
Census 2027 offers historic chance to record disability data: Athawale
He emphasised that improved enumeration and disaggregated data would help the government design effective interventions and ensure better inclusion of persons with disabilities
 "Census 2027 offers historic chance to record disability data: Athawale")
Delhi HC seeks response from Centre, CDSCO over misuse of diabetes drugs
The matter has been posted for hearing on May 21
 "Delhi HC seeks response from Centre, CDSCO over misuse of diabetes drugs")
Finance ministry cuts MeitY allocation by 17% for FY27 amid underspending
Finance ministry cuts MeitY's FY27 allocation by 17% due to underspending in PLI, semiconductor and AI Mission schemes, with panel flagging concerns over fund utilisation
 "Finance ministry cuts MeitY allocation by 17% for FY27 amid underspending")