Union Cabinet

Union Cabinet Approves PLI Scheme For IT Hardware

Union Cabinet Approves PLI Scheme For IT Hardware

The Union Cabinet approves a new Production Linked Incentive (PIL) Scheme with a budget Rs 17,000 crore for IT Hardware. The overall tenure of this PLI 2.0 scheme will be six years, with an expected incremental production value of Rs 3.35 Lakh crore. It is a PLI 2.0 in which the cabinet increases the budget…

Cabinet Approves A Revival Package Of Rs 1.64 Lakh Crore For BSNL

Cabinet Approves A Revival Package Of Rs 1.64 Lakh Crore For BSNL

The government approved the merger of ailing telecom company BSNL (Bharat Sanchar Nigam Limited) with BBNL (Bharat Broadband Network Ltd) on Wednesday. As per telecom minister Ashwini Vaishnaw, the Union Cabinet sanctioned Rs 1.64 Lakh Crore as a revival package for BSNL. The package includes Rs 43, 964 Crore as a cash component and 1.2…