Page 3 - Union Cabinet

Cabinet approves ₹22,919 cr PLI for non-semiconductor electronics component

Electronic industry has been urging the central government to create a separate production-linked incentive for non-semiconductor electronics since 2022

Cabinet clears Rs 22,919 crore PLI scheme for passive electronic components

The Union Cabinet on Friday approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore, Union Electronics and IT Minister Ashwini Vaishnaw said. It is the first scheme that focuses on promoting the manufacturing of passive electronic components. The minister said that the scheme will create direct employment for 91,600 people and attract investment of around Rs 59,350 crore. "Passive components are approved under the Electronics Component PLI scheme. It has a total package of Rs 22,919 crore. This will be over six years," Vaishnaw said. The minister said that that segment will serve the requirements of several sectors, including telecom, consumer electronics, automobile, medical devices, power sector etc. He said that the scheme is expected to lead to production of Rs 4.56 lakh crore. According to electronics component makers body Elcina, non-semiconductor components production in India was around USD 13

Incentive scheme for low-value UPI transactions to boost ease of living: PM

The Union Cabinet headed by Modi on Wednesday approved an incentive scheme worth approximately Rs 1,500 crore to promote UPI transactions below Rs 2,000 for 2024-25

Cabinet approves 6-lane highway project connecting JNPT at Rs 4,500 crore

According to an official statement, the project will be developed on build, operate and transfer (BOT) mode at a total cost of Rs 4,500.62 crore

Govt approves setting up of urea plant in Assam at Rs 10,601.4 cr

The plant will be established with an estimated total project cost of Rs 10,601.40 crore with debt-equity ratio of 70:30 through a Joint Venture

Govt clears ₹1,500 cr scheme to boost low-value BHIM-UPI transactions

Under the scheme, incentives will be provided for UPI transactions up to ₹2,000, specifically benefitting small merchants

Cabinet okays Rs 6.8K cr ropeway projects for Hemkund Sahib, Karnaprayag

On concerns regarding possible environmental damage by the project, the minister added that all relevant stakeholders have been consulted, only after which the project has been approved

Govt nod to over ₹7,500 crore ropeway projects for Kedarnath, Hemkund Sahib

The Union Cabinet has approved two ropeway projects worth ₹7,500 crore-connecting Sonprayag to Kedarnath and Govindghat to Hemkund Sahib Ji-to provide faster, eco-friendly transport for pilgrims

Cabinet nod to livestock disease control programme with Rs 3,880 cr outlay

The scheme aims to improve the animal health sector by implementing prophylactic vaccination programmes against various diseases of livestock and poultry

Union Cabinet approves new income-tax Bill; law set to be simpler

In addition, the official stated that in the new income tax bill, authorities have not been given excessive powers

Union Cabinet approves Rs 8,800 crore to boost Skill India Programme

The Union Cabinet on Friday approved the continuation and restructuring of central sector scheme 'Skill India Programme (SIP)' till 2026 with an overlay outlay of Rs 8,800 crore. This was informed by Information and Broadcasting Minister Ashwini Vaishnaw. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation and restructuring of the central sector scheme 'Skill India Programme (SIP)' till 2026 with an overlay outlay of Rs 8,800 crore from the period 2022-23 to 2025-26, he said. The approval underscores the government's commitment to building a skilled, future-ready workforce by integrating demand-driven, technology-enabled, and industry-aligned training across the country, an official release said. Pradhan Mantri Kaushal Vikas Yojana 4.0 (PMKVY 4.0), the Pradhan Mantri National Apprenticeship Promotion Scheme (PM-NAPS), and the Jan Shikshan Sansthan (JSS) Scheme -- the three key components -- are now combined under the composite Central Sector Scheme

Govt raises procurement price of C-heavy molasses ethanol by Rs 1.69/litre

Prices for ethanol produced from B-heavy molasses and sugarcane juice/sugar/sugar syrup remain unchanged at Rs 60.73 and Rs 65.61 per litre, respectively

CCS clears Rs 10,000 cr Pinaka rocket deal; Solar, MIL to manufacture

The DRDO is already in the advanced stages of making a 120 km strike version of the Pinaka rockets and is expected to carry out its first test in the next financial year

Big boost for Isro as Cabinet approves third launch pad in Sriharikota

The Union Cabinet has approved a Rs 3,984.86 crore project to establish Isro's Third Launch Pad at Sriharikota, boosting capabilities for next-gen vehicles and human space missions

ITI upgradation scheme to be launched in January, says skill ministry

The finance ministry has provided Rs 1,000 crore for the scheme in the current fiscal year

India aims to be a maritime power by 2030, says Sarbananda Sonowal

The Union Cabinet had approved the project in October, even though it had been in the works much earlier. Currently, its physical progress stands at 60 per cent

Cabinet approves Rithala-Kundli corridor of Delhi Metro, opening of new KVs

The Union Cabinet approved on Friday the 26.463-km Rithala-Kundli corridor of the Delhi Metro's Phase-IV project that will further enhance connectivity between the national capital and neighbouring Haryana. The entire stretch will comprise 21 stations, all of them elevated. The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi. Addressing a press conference, Union Minister Ashwini Vaishnaw said the project is scheduled to be completed in four years from the date of its sanction. This line will be an extension of the operational Shaheed Sthal (New Bus Adda)-Rithala (Red Line) corridor and will boost connectivity in the northwestern parts of Delhi, such as Narela, Bawana and parts of Rohini. The completion cost of the project is Rs 6,230 crore.

Explained: What is One Nation, One Subscription scheme

The Union Cabinet has approved the One Nation, One Subscription (ONOS) scheme, set to benefit students in all government-run higher education institutions across India. Watch the video to know.

Cabinet waives bank guarantee for spectrum purchased in past auctions

The Union Cabinet has waived the requirement to submit bank guarantees for spectrum purchased through auctions held before 2022, according to sources. The move brings huge relief to debt-ridden Vodafone Idea as it already crossed the timeline to submit Rs 24,746.9 crore bank guarantee for spectrum payment coming up between October 2025 and September 2026. The decision will also provide relief to Bharti Airtel and Reliance Jio who have bought radiowaves through various auctions that were held before 2022. "Cabinet has waived the requirement of bank guarantees as per the relief sought by telcos," a source said. As part of telecom reforms announced in September 2021, the government has already waived the requirement of depositing bank guarantees for spectrum purchased through auctions. Vodafone Idea CEO Akshaya Moondra in the company's earning call had said the bank guarantees will impact the company's ability to seek debt facilities from the banks which the firm requires for investm

PM-Vidyalaxmi scheme approved to provide collateral-free student loans

Cabinet allocates Rs 3,600 crore to the scheme which helps meritorious students from economically disadvantaged backgrounds pursue higher education