Government will give financial incentives to private companies to set up manufacturing units in India.
Investment proposals under Modified Special Incentive Package Scheme take a hit as firms exit
But it may come with a downside risk of further rise in prices of several products.
'The government expects demand for electronic products to reach $400 billion by 2023-24. This would be a huge foreign exchange outflow, which may further widen our trade deficit with other nations. Hence, the government plans to push local electronics manufacturing to cut down on their import bill.'
'If journalism is the first draft of history, then photojournalism is the first draft of its evidence,' Raghu Rai, arguably India's finest living photojournalist, tells Pavan Lall.
Estimates suggest subsidy outgo on these proposals would be at least Rs 1,000 crore
For the past few weeks, the government has been in an overdrive, pushing stuck projects with the larger aim to improve the country's economic growth, which had fallen to a four-year low of 4.4 per cent in the first quarter of this financial year.
Narendra Modi might on Saturday ask the Apple CEO to make in India instead of importing and selling refurbished phones
Govt announces slew of schemes for rural India
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
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