Tag: PLI scheme

Govt puts bank staff performance-linked incentive scheme on hold ahead of strike

September 8, 2026 admin

Commuters ride past a State Bank of India (SBI) branch in Bengaluru | Photo Credit: AFP The Ministry of Finance has said that it has decided to keep in abeyance the performance-linked incentive (PLI) scheme it had initially planned for 2025-26 for public sector bank employees, following a meeting between Finance Minister Nirmala Sitharaman and…

Business

The Hindu Morning Digest: March 02, 2024

March 2, 2024 admin

The talks at the WTO’s ministerial conference ended with no decision on key issues such as finding a permanent solution to public food stockpile and on curbing fisheries subsidies that lead to over-capacity and over-fishing, sources said. File | Photo Credit: Reuters Despite hectic discussions, WTO MC13 ends with no deals on fisheries, agriculture The talks at…

World

Govt says ₹12,900 cr invested under PLI scheme for specialty steel

February 14, 2024 admin

The Centre says it has taken measures to expedite clearances for projects under the PLI scheme. File | Photo Credit: KAMAL NARANG About ₹12,900 crore has already been invested in the domestic steel sector under the PLI scheme for specialty steel, an official statement said on February 14. In March 2023, 57 memorandum of understandings…

Business

India Plans $2 Billion In Incentives For New Manufacturing Sectors: Report

September 20, 2023 admin

India Plans Billion In Incentives For New Manufacturing Sectors: Report

India plans to offer incentives of up to Rs 18,000 Crore to spur local manufacturing. (Representational) New Delhi: India is planning to offer incentives of up to Rs 18,000 Crore ($2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers and inputs for vaccines, two government officials said. The proposal is…

Nation

Govt. to consider PLI scheme for chemicals and petrochemicals industry: Finance Minister Nirmala Sitharaman

July 27, 2023 admin

Union Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 27 said the government will consider the Production Linked Incentive (PLI) scheme for Chemicals and Petrochemicals sector to make India a manufacturing hub for such products. In view of stringent pollution control regulations and rising labour cost, she said,…

Business