New Delhi, July 18 (IANS) The domestic equity market closed the week with modest gains, supported by upbeat corporate earnings and policy measures, even as investors remained cautious amid escalating geopolitical tensions in the Middle East and a sharp rally in crude oil prices.For the week, the Nifty advanced 127.4 points, or 0.5 per cent, while the Sensex gained 582.06 points, or 0.8 per cent, reversing the losses seen in the previous week.Investor sentiment remained guarded after the US Centr…
Latest Union Cabinet News & Updates
New Delhi, July 17 (IANS) India’s semiconductor push is expected to create 1.5 lakh-2 lakh direct and indirect jobs over the next five years while transforming the country’s electronics industry from an assembly-led manufacturing base into a global hub for chip design, engineering and innovation, industry said on Friday.According to analysis of NLB Services, the next phase of the semiconductor mission will go beyond manufacturing and focus on building an integrated ecosystem spanning chip design…
New Delhi, July 15 (IANS) The government on Wednesday invited bids to pick up beneficiaries for establishing giga-scale Advanced Chemistry Cell (ACC) manufacturing facilities with a cumulative capacity of 10 GWh in India.The capacity is earmarked for Grid-Scale Stationary Storage (GSSS) applications under the production linked incentive (PLI) scheme for ACC Battery Storage.Ministry of Heavy Industries (MHI) said it has released the Request for Proposal (RFP) for inviting bids through a global te…
New Delhi, July 15 (IANS) After the success of the ‘Semicon 1’ initiative, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the ‘Semicon 2.0’ scheme for the development of a domestic semiconductor design and manufacturing ecosystem, with a total budget outlay of Rs 1,27,500 crore.To date, 12 manufacturing units have been approved with a cumulative investment of over Rs 1.64 lakh crore. These include one silicon fab, one silicon carbide fab, an integrated …
New Delhi, July 15 (IANS) The Union Cabinet — chaired by Prime Minister Narendra Modi — on Wednesday approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore to scale up domestic production, boost exports and strengthen India’s position as a global electronics manufacturing hub.The scheme — which will run for five years from FY2026-27 to FY2030-31 — aims to strengthen supply chain resilience, enhance global competitiveness and encourage the development…
New Delhi, July 7 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued 4,11,497 guarantees since its launch, with the guaranteed amount reaching Rs 1,55,229 crore — a sign of the scheme’s rapid absorption across the lending ecosystem, the government said on Tuesday.The scheme, approved by Union Cabinet on May 5, 2026, is delivering fast, large-scale liquidity support to businesses affected by the West Asia geopolitical situation.The scheme is designed to provide risk mitiga…
Jammu, July 6 (IANS) Bharatiya Janata Party (BJP) National President Nitin Nabin will begin his maiden visit to Jammu and Kashmir on Monday after becoming the party chief.The BJP sources said Nitin Nabin will hold organisational meetings in Jammu, interact with youth, pay obeisance at Raghunath Temple and the Shri Vaishno Devi Shrine during his visit.The party has planned to give Nitin Nabin a grand welcome at several locations after his arrival, including outside Jammu Airport, G.B. Pant Hospit…
New Delhi, June 30 (IANS) The Finance Ministry’s Expenditure Finance Committee (EFC) has approved an outlay of Rs 1.25 lakh crore for the India Semiconductor Mission (ISM) 2.0, paving the way for the next phase of the country’s semiconductor manufacturing push, according to a report in NDTV Profit.The proposal was cleared by the committee last week and will now be sent to the Union Cabinet for final approval.The proposed outlay marks a significant increase from the Rs 76,000 crore allocated as p…
Jaipur, June 28 (IANS) Union Minister of State (MoS) for Agriculture and Ajmer MP Bhagirath Choudhary has found himself at the centre of a political storm after reports revealed that he received a government subsidy of Rs 99.03 lakh for a commercial cucumber cultivation project under a scheme administered by the National Horticulture Board (NHB), an autonomous body functioning under the Union Agriculture Ministry, where he serves as the ex-officio Vice-Chairman. The development on Saturday trigg…
New Delhi, June 25 (IANS) The Ministry of Heavy Industries has extended timelines for a global tender under the scheme to promote manufacturing of Sintered Rare Earth Permanent Magnet (REPM) to facilitate wider participation and provide additional time for stakeholders in bidding process, an official statement said on Thursday.The bid due date has been moved from June 29, 2026 to July 29, 2026 and the opening of technical bids has been rescheduled from June 30, 2026 to July 30, 2026, due to dema…