Defence production and export promotion policy

The Government has taken several policy initiatives in the past few years and brought in reforms to encourage indigenous design, development and manufacture of defence equipment in the country and to minimize the defence import by the Defence Public Sector Undertakings, thereby ensuring delivery of indigenous modern defence hardware to Indian Armed Forces. These initiatives, […]

Power sector reforms by the government

The Ministry of Power, Government of India, had launched the reforms-based and results-linked, Revamped Distribution Sector Scheme (RDSS), with the objective to improve the operational efficiencies and financial sustainability of state-owned DISCOMs/ power departments by providing financial assistance to DISCOMs for modernization and strengthening of distribution infrastructure, aiming at the improvement of the reliability and […]

Incentivising manufacturing of solar PV panels and equipment

The Government has taken steps to incentivize domestic manufacturing of solar PV panels and equipment and make domestic solar manufacturers globally competitive. Modified Special Incentive Package Scheme (M-SIPS) Scheme of Ministry of Electronics & Information Technology: The scheme mainly provides subsidy for capital expenditure – 20% for investments in Special Economic Zones (SEZs) and 25% […]

Local manufacturing of 35 APIs (Active Pharmaceutical Ingredients) have started, reducing the dependency on China

Manufacturing of 35 active pharmaceutical ingredients, which have been imported earlier, has started in India under the production linked scheme for the pharmaceuticals sector. Under the production-linked incentive (PLI) scheme, 32 new plants for the production of APIs have been set up and production has now started. 55 companies, including Sun Pharmaceutical Industries, Aurobindo Pharma, […]

National Pension Scheme for Traders and Self-Employed Persons

This scheme helps individual to secure their future whose annual turnover is Rs 1.5 crore or less.  It is meant for old age protection and social security of retail traders/ shopkeepers and self-employed persons whose annual turnover is not exceeding Rs. 1.5 crore.   It is a voluntary and contributory pension scheme, under which the […]

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