CURRENT AFFAIRS

Detailed explanation-1: -Semiconductor fab units will be offered fiscal support of up to 30% to 50% of project cost based on node size being manufactured. Display fab units will be offered fiscal support of up to 50% of project cost with an upper ceiling of Rs 12, 000 crores.

Detailed explanation-2: -Cabinet approves Rs 76, 000-crore policy boost for semiconductor manufacturing.

Detailed explanation-3: -The move would further India’s ambitions to be self-reliant in electronics manufacturing. The government on Wednesday approved a Rs 76, 000-crore scheme to boost semiconductor and display manufacturing in the country in an bid to position India as a global hub for hi-tech production, and attract large chip makers.

Detailed explanation-4: -The semiconductor development programme of the government has been given a budget estimate of Rs 3, 000 crore from the Rs 200 crore in the revised estimate last year. PLI scheme for large scale electronic manufacturing also received a whopping over Rs 4, 000 crore estimate.