Day: April 7, 2021

Cabinet approves Rs 6,238 crore PLI scheme for air-conditioners, LED lights

The Union Cupboard right now accredited the output-connected incentive (PLI) plan for air conditioners (ACs) and light-emitting diode (LED) lights with an goal to raise the neighborhood ingredient provide ecosystem for these merchandise. Under the new PLI, a sum of Rs six,238 crore has been accredited as incentives to chosen companies over a 5-12 months time period starting 2021-22.

As per the government’s initial estimates, the plan has the prospective to appeal to Rs seven,920 crore of extra financial commitment into the two sectors, developing four hundred,000 positions, right and indirectly. These are predicted to translate into Rs 168,000 crore of incremental output of items, including Rs 64,000 crore really worth of exports with 2019-twenty as the foundation 12 months.

Considering the fact that very last April, the cabinet, headed by Prime Minister Narendra Modi, has accredited PLI for 5 sectors. But unlike the earlier kinds the hottest plan exclusively

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Covid LIVE: Maharashtra records highest daily count of 59,907 cases

The five most affected states by total cases are Maharashtra, Kerala, Karnataka, Andhra Pradesh, and Tamil Nadu

Coronavirus live updates: India has recorded a massive surge of 115,736 Covid-19 cases in the last 24 hours. With this, India has seen the biggest-ever daily surge, taking the tally to 12,801,785, according to MoHFW. Active cases have crossed the 800,000-mark and now stand at 843,779. India is now the 4th-worst hit country in terms of active cases. India also witnessed a grim record of second-most fatalities due to covid-19 in a single day in 2021, which stood at 631. The death toll from the deadly infection stands at 166,208. According to an analysis, the second wave of Covid-19 has the potential to turn deadlier than the first wave. Click here to read more

Maharashtra reported over 55,000 Covid-19 cases in the last 24 hours in a persistent rise in cases, while … Read More