Union Cabinet LIVE Updates: Mega Boost for Drones; Paperless KYC for Telecom Operators

union cabinet live updates mega boost for drones paperless kyc for telecom operators

Sumary of Union Cabinet LIVE Updates: Mega Boost for Drones; Paperless KYC for Telecom Operators:

  • “The government has approved production linked incentive scheme for auto industry, auto-component industry, drone industry to enhance India’s manufacturing capabilities, Union minister Anurag Thakur said on Wednesday.
  • Union Cabinet on Wednesday approved the revised production-linked incentive (PLI) scheme for the automobile sector worth Rs 26,000 crore.
  • Last year, the government had announced the scheme for the automobile and auto components sector with an outlay of Rs 57,043 crore, earmarked for five years.
  • It has been reduced to Rs 25,938 crore because the scheme will now only incentivize makers of electric and hydrogen fuel cell vehicles, sources had earlier said.
  • Commenting on the scheme, Saurabh Kanchan, Partner, Deloitte India said, “Incentivizing new products such as the electric vehicles and alternate fuels as well as advanced technologies such as ADAS, ABS and AT is a welcome move.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.