Cabinet okays 2 semiconductor units worth Rs 3,936 crore; total approved projects under ISM rise to 12

The Union Cabinet has approved two new semiconductor manufacturing units with a combined investment of over Rs 3,936 crore under the India Semiconductor Mission (ISM).The projects include the country’s first commercial mini/micro-LED display facility based on Gallium Nitride (GaN) technology and a semiconductor packaging unit, Information and Broadcasting Minister Ashwini Vaishnaw said.The facilities will be…

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Middle East conflict: Govt launches Rs 18,100 crore credit guarantee scheme; MSMEs, airlines to get Rs 2.55 lakh crore liquidity support

The government has approved an Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines hit by the West Asia conflict, PTI reported.The scheme is expected to enable additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for the aviation sector.“The scheme…

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Cabinet clears Rs 1.52 lakh crore push across cotton, railways, semiconductors, sugar and credit schemes

In a broad-based policy push spanning agriculture, infrastructure, manufacturing and financial support, the Union Cabinet on Tuesday cleared projects and schemes worth over Rs 1.52 lakh crore, signalling a strong focus on productivity, capacity expansion and strategic sectors.At the centre of the decisions is the Mission for Cotton Productivity – Kapas Kanti, with an outlay…

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