External Affairs Minister Dr. S. Jaishankar met the visiting Foreign Minister of Kingdom of Saudi Arabia H.H. Prince Faisal bin Farhan al Saud today at Hyderabad House in New Delhi. This is the first ministerial visit from Saudi Arabia to India since the outbreak of the Covid-19 pandemic. Both Ministers discussed all issues related to their bilateral relationship and regional and international issues of mutual interest. […]
The first Expression of Interest (EOI) for signing long-term agreement with upcoming dedicated Ethanol plants for supply of Ethanol has received an overwhelming response, with 197 bidders participating […]
The Third Foreign Office Consultations (FOC) between India and El Salvador were held on 17 September 2021 in San Salvador. The Indian side was led by Ms. Riva Ganguly Das, Secretary (East) and the El Salvadoran side was led by Ambassador H.E Ms. Adriana Maria Mira, Vice Minister of Foreign Affairs, Integration and Economic Promotion. […]
India to take a leading position in production of millets
Millets in daily diet will fight malnutrition,Says Union Agriculture Minister Shri Narendra Singh Tomar
Two-day Nutri-Cereal Multi Stakeholders’ Mega Convention 3.0 inaugurated in Hyderabad to prepare blue print to celebrate the “International Year of Millets in 2023” […]
Commerce & Industry Minister Shri Piyush Goyal who is also India’s G20 Sherpa, participated in the two day long G20 Sherpas’ meeting on 15-16 September 2021 in virtual format. This was the first G20 meeting attended by Shri Piyush Goyal since his appointment as India’s G20 Sherpa. […]
MoS Meenakashi Lekhi visited Spain in a comprehensive review of bilateral relations, especially after the Covid19 hiatus. During the visit, MoS called on the Spanish Foreign Minister, H.E. José Manuel Albares; met her counterpart, the Secretary of State for Foreign Affairs, H.E. Ms. Ángeles Moreno Bau; and had consultations with Secretary of State for International Affairs, H.E. Ms. Pilar Cancela Rodriguez. […]
Shri V. Muraleedharan, Minister of State (MoS) for External Affairs visited the Democratic People’s Republic of Algeria on September 15 -17, 2021. During the visit, he called on H.E. Mr. Aimene Benabderrahmane, Prime Minister of Algeria and held discussions on a range of bilateral, regional and international issues of mutual interest […]
Prime Minister participated virtually in the 21st Meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO), and through video-message in the Joint SCO-CSTO Outreach Session on Afghanistan.
The third round of Foreign Office Consultation (FOC) between India and Costa Rica was held in San Jose on 16 September 2021. Mrs. Riva Ganguly Das, Secretary (East), Ministry of External Affairs, New Delhi led the Indian delegation and Ms. Adriana Bolaños Argueta, Vice Minister of Bilateral Affairs and International Cooperation, Ministry of External Relations and Worship led the Costa Rican delegation. […]
The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, shall, with effect from 17th September, 2021 for the purpose of the said section, relating to imported and export goods. […]
Indian scientists have developed a new sustainable and affordable solution for converting keratin waste such as human hair, wool, and poultry feathers to fertilizers, pet, and animal feeds. India generates a huge amount of human hair, poultry feather waste, and wool waste each year. These wastes are dumped, buried, used for landfilling, or incinerated, increasing environmental hazards, pollution, and threat to public health and increasing greenhouse gas emissions. […]
A total of 52 companies have filed their application with committed investment of Rs 5,866 crore under the PLI scheme to incentivize the domestic manufacturing of components of White Goods (Air conditioners and LED lights), applications for which closed on 15 September, 2021. The PLI Scheme was notified on 16.04.2021.
Several companies like Daikin, Panasonic, Hitachi, Mettube, Nidec, Voltas, Bluestar, Havells, Amber, EPack, TVS-Lucas, Dixon, R K Lighting, Uniglobus, RadhikaOpto, Syska among others have applied for manufacturing critical components of Air conditioners and LED Lights.
Applications have been filed for production of components which are not manufactured in India presently with sufficient capacity. For Air Conditioners, several companies will be manufacturing compressors, copper tubing, aluminium stock for foils, control assemblies for IDU or ODU, Display units, BLDC motors among other components. Similarly, for LED Lights LED Chip packaging, LED Drivers, LED Engines, LED Light Management Systems, PCBs including metal clad PCBs and Wire wound inductors etc. will be manufactured in India.
The Union Cabinet chaired by Hon’ble Prime Minister has given approval to the Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) to be implemented over FY 2021-22 to FY 2028-29 with an outlay of Rs. 6238 Crore on 7th April 2021. The Scheme was notified by DPIIT on 16.04.2021. The Scheme Guidelines were published on 4th June 2021. Online application have been received from 15th June 2021 till 15th September 2021. The selection of applicants will be done within 60 days from the date of closure of application window i.e. by 15.11.2021.
The PLI Scheme on White Goods is designed to create complete component ecosystem for Air Conditioners and LED Lights Industry in India and make India an integral part of the global supply chains. The Scheme shall extend an incentive of 4% to 6% on incremental sales for a period of five (5) years subsequent to the base year and one year of gestation period. Only manufacturing of components of ACs and LED Lights will be incentivized under the Scheme.
The Scheme will incentivize manufacturing of components of ACs and LED Lights. 90% Bill of Material (BoM) of ACs and 87% of BoM of LED Lights are covered under PLI Scheme. It will lead to increase in value addition in Country from 20% to 80-85% and developing a robust component eco-system for AC Industry and LED Lights Industry.
Selection of companies for the Scheme shall be done so as to incentivize manufacturing of components or sub-assemblies which are not manufactured in India presently with sufficient capacity. Mere assembly of finished goods is not being incentivized.
Over the next 5 years, the Scheme is expected to lead to total production of about INR 2,71,000 crore of components of ACs and LEDs. The scheme will bring additional investment in component manufacturing eco-system of ACs and LED Lights industry to the tune of INR 5,886 crore. 31 Companies have committed investments of about Rs 4995 cr for AC Components and 21 Companies have committed investments of Rs 871 cr for LED components.
The scheme will generate approx. 2 lakh direct and indirect employment opportunities in next 5 years.
Domestic Value Addition is expected to grow from the current 15-20% to 75-80%. […]
Shri Jyotiraditya M. Scindia, Union Minister of Civil Aviation, apprised the media about the important features of the PLI Scheme in a press conference here today. He said that under the PLI scheme, incentives of Rs. 120 crore will be given in the next 3 years. This amount is 1.5 times the combined size of the manufacturing drone sector. Over a period of three years, estimated investment worth ₹5,000 Crore for manufacturing sector drones will be done which in turn will bring a turnover of Rs 900 crore, and 10,000 job opportunities will be created. He further added that our objective is to establish India as a global drone hub by 2030 and Ministry of Civil Aviation is committed to facilitate industry, service delivery and consumers in achieving the aforesaid target.
Top 15 Features of the PLI Scheme for Drones, 2021
The total amount allocated for the PLI scheme for drones and drone components is INR 120 crore spread over three financial years. This amount is nearly double the combined turnover of all domestic drone manufacturers in FY 2020-21.
The incentive for a manufacturer of drones and drone components shall be as high as 20% of the value addition made by her.
The value addition shall be calculated as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost (net of GST) of drone and drone components.
The Government, has agreed to keep the PLI rate constant at 20% for all three years, an exceptional treatment given only to the drone industry. In PLI schemes for other sectors, the PLI rate reduces every year.
The proposed tenure of the PLI scheme is three years starting in FY 2021-22. The PLI scheme will be extended or redrafted after studying its impact in consultation with the industry.
The Government has agreed to fix the minimum value addition norm at 40% of net salesfor drones and drone components instead of 50%, another exceptional treatment given to the drone industry. This will allow widening the number of beneficiaries.
The PLI scheme covers a wide variety of drone components:
Airframe, propulsion systems(engine and electric), power systems, batteries and associated components, launch and recovery systems;
Inertial Measurement Unit, Inertial Navigation System, flight control module, ground control station and associated components;
Communications systems (radio frequency, transponders, satellite-based etc.)
Cameras, sensors, spraying systems and related payload etc.;
‘Detect and Avoid’ system, emergency recovery system, trackers etc. and other components critical for safety and security.
The list of eligible components may be expanded by the Government from time to time, as the drone technology evolves.
The Government has agreed to widen the coverage of the incentive scheme to include developers of drone-related IT products also.
The Government has kept the eligibility norm for MSME and startups in terms of annual sales turnover at a nominal level – INR 2 cr (for drones) and INR 50 lakhs (for drone components). This will allow widening the number of beneficiaries.
Eligibility norm for non-MSME companies in terms of annual sales turnover has been kept at INR 4 crore (for drones) and INR 1 crore (for drone components).
The incentive payable to a manufacturer of drones and drone components shall be simply one-fifth of her value addition as illustrated below for a sample year (say, FY 2021-22):
Ministry of Agriculture and Farmers welfare signs 5 MOUs with private companies for taking forward Digital Agriculture; MOUs aimed at Increasing farmers income and protecting their produce: Shri Narendra Singh Tomar […]
Under Ease of Doing Business (EoDB) initiative, a Mobile X-Ray Container Scanning System (MXCS) has been installed by Paradeep Port near the PICT Terminal at a cost of Rs 30 crore for the purpose of reducing physical examination and dwell time of containers at the Port. After successful Trial Run of the MXCS, the Atomic Energy Regulatory Board (AERB) has issued license on 27th August, 2021 to Paradeep Customs for its regular operation […]
· Dialogue to help build on existing partnerships between African countries & India
· To explore new areas of convergence for mutual engagements
· Manohar Parrikar Institute for Defence Studies and Analyses to be knowledge partner
· Raksha Mantri to host Defence Ministers of African nations in next India–Africa Defence Dialogue on sidelines of DefExpo 2022 […]
Union Minister for Women and Child Development Smt Smriti Zubin Irani met with Ms. Marise Payne, Foreign Minister and Minister for Women of Australia, here today.Secretary WCD Shri Indevar Pandey and other senior officers of the WCD Ministry were also present during the meeting. […]
Government Provides Big Boost to Exporters; Rs. 56,027 crore is going to be released under various Export Promotion Schemes such as MEIS, SEIS, RoSL, RoSCTL, other scrip based schemes relating to earlier policies and the remission support for RoDTEP and RoSCTL for exports […]
MRSAM provides air defence against aerial threats like fighter aircraft, UAVs, guided and unguided munitions & cruise missiles
Capable of engaging multiple targets at ranges up to 70 kilometres
Indigenously developed rocket motor & control system for achieving high manoeuvrability
State-of-the-art missile system […]
Union Education Minister releases India Rankings 2021; Indian ranking framework to contribute to the global learning landscape – Shri Dharmendra Pradhan; Shri Dharmendra Pradhan called for regional ranking frameworks […]
A bilateral meeting was held between Union Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav and Mr. Norbert Barthle and Dr.Maria Flachsbarth, Parliamentary State Secretariates, German Federal Ministry for Economic Cooperation and Development (BMZ)today at Indira Paryavaran Bhawan in New Delhi. […]
A search engine to be developed for online search of Hindi version of the Judgements of Supreme Court and High Courts: Union Law Secretary
Inaugurates Exhibition cum Sale Counter of bilingual Bare Acts, Hindi Law Journals and Hindi Text Books in Varanasi on the occasion of”Azadi ka Amrit Mahotsav” […]
Prime Minister Shri Narendra Modi chaired the 13th BRICS Summit virtually today. The theme of the Summit, chosen by India, was, BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus. […]
Government has approved Production Linked Incentive (PLI) Scheme for Textiles. With this, India is poised to regain its dominance in Global Textiles Trade; Incentives worth Rs. 10,683 crore will be provided to industry over five years; […]
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the signing of an agreement on the recruitment of Indian citizens to work in the Portuguese Republic between the Government of the Republic of India and the Government of Republic of Portugal […]
A MeitY taskforce consisting of officers of National Internet Exchange of India (NIXI) and Software Technology Parks of India (STPI) has commenced their visit and work across Karnataka. They will visit each district and meet people to understand the Internet Connectivity Problems faced by them […]
The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan as additional financing to scale up improvement of rural connectivity to help boost rural economy in the state of Maharashtra. […]
The Government of India and Asian Development Bank (ADB) today signed a $112 million loan to develop water supply infrastructure and strengthen capacities of urban local bodies (ULBs) for improved service delivery in four towns in the state of Jharkhand. […]
Extraordinary performance of Para-athletes has changed the attitude towards Sports in the Country: Sports Minister; Union Law Minister Shri Kiren Rijiju and Minister of State for Youth Affairs and Sports Shri Nisith Pramanik also graced the event; India’s Para Athletes won a historic 19 medals, including 5 gold and 8 silver in the Paralympic Games in Tokyo […]
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the for signing Memorandum of Understanding between The Institute of Chartered Accountants of India (ICAI) & The Chamber of Auditors of the Republic of Azerbaijan (CAAR) […]