Cabinet approves Production Linked Incentive Scheme for IT Hardware: RS Prasad
Video Credit: ANI - Duration: 02:15s - Published
Cabinet approves Production Linked Incentive Scheme for IT Hardware: RS Prasad
Electronics and Information Technology Minister Ravi Shankar Prasad on February 24 informed that cabinet has approved Production Linked Incentive Scheme for IT Hardware.
Target segments include laptops, tablets, all-in-one PCs and servers.
"Scheme which was announced in April during the height of COVID-19 delivered production worth Rs 35,000 crores, created 22,500 jobs and brought around Rs 1,300 investment," said RS Prasad.
China Sets Aggressive, Economic Growth , Target for 2024.
Associated Press reports that China has
said it aims to achieve 5% economic growth
in 2024, despite facing many challenges.
Premier Li Qiang outlined plans to boost
China's economy while addressing the annual
session of the National People's Congress.
Premier Li Qiang outlined plans to boost
China's economy while addressing the annual
session of the National People's Congress.
The plan includes increased spending on
developing advanced technology, fortifying
the military and other longstanding goals.
According to Li, the Chineses government
would continue with a "pro-active fiscal
policy and prudent monetary policy.”.
The plan looks to boost growth by issuing
long-term bonds over several years,
beginning with about $139 billion in 2024.
Those bonds would be used to
implement "major national strategies"
and boost security "in key areas.".
The plans also include a "new development model"
aimed at easing a prolonged real estate slump
by building government-subsidized housing.
The foundation for China’s sustained
economic recovery is not yet stable,
with insufficient effective demand,
overcapacity in some industries,
weak social expectations, and still
many risks and hidden dangers, Li Qiang, Chinese Premier, via Associated Press.
The foundation for China’s sustained
economic recovery is not yet stable,
with insufficient effective demand,
overcapacity in some industries,
weak social expectations, and still
many risks and hidden dangers, Li Qiang, Chinese Premier, via Associated Press.
According to a draft budget, an additional
$231 billion would be set aside for defense
spending, representing a 7.2% increase from 2023. .
According to a draft budget, an additional
$231 billion would be set aside for defense
spending, representing a 7.2% increase from 2023. .
The underlying trend of economic
recovery and long-term growth
remains unchanged and will not
change. So we must be more confident
and more assured of ourselves, Li Qiang, Chinese Premier, via Associated Press
Credit: Wibbitz Top Stories Duration: 01:31Published
The government on Wednesday approved a production-linked incentive (PLI) scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India's manufacturing..
Credit: HT Digital Content Duration: 04:35Published
Union Cabinet briefing was held by Communications Minister RS Prasad on February 17. Union Communications Minister, Ravi Shankar Prasad said, "Even during corona time, many companies in India and the..
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