CURRENT AFFAIRS

Detailed explanation-1: -Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official had earlier told PTI . The Union Cabinet in July last year approved a Rs 6, 322-crore PLI scheme to boost the production of speciality steel in India.

Detailed explanation-2: -Capacity Addition to go up to 26 million Tonnes with the Employment generation Capacity of 70, 000. Production Linked Incentive (PLI) Scheme for Specialty Steel was approved by Union Cabinet on 22.07. 2021, with a five-year financial outlay of Rs.

Detailed explanation-3: -The INR 63.22 billion PLI scheme aims to expand India’s local production capacity of specialty steel products, lower import dependency, and create an export-oriented production base. The scheme hopes to benefit both major (integrated) steel players as well as downstream manufacturing MSME entities.

Detailed explanation-4: -2.45 lakh crore and PLI Scheme to generate 44 thousand employments. In a major boost to Prime Minister, Shri Narendra Modi’s vision of Atmanirbhar Bharat, the Ministry of Communications granted approval to 42 companies including 28 MSMEs under PLI Scheme for Telecom and Networking Products.

Detailed explanation-5: -The Union Cabinet on Wednesday approved Production Linked Incentive (PLI) Scheme on ‘National programme on High Efficiency Solar PV Modules’ for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency Solar PV modules.