CURRENT AFFAIRS

Detailed explanation-1: -The Government has approved the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC for Enhancing India’s Manufacturing Capabilities with a budgetary outlay of ₹ 18, 100 crore.

Detailed explanation-2: -The government had recently announced an outlay of Rs 76, 000 crore (around $10 billion), under its PLI scheme, separately for the development of a semiconductor and display manufacturing electronics ecosystem.

Detailed explanation-3: -Government has launched the Production Linked Incentive (PLI) Scheme with an approved outlay of INR 10, 683 crore to promote production of MMF Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable Textiles Industry to achieve size and scale and to become competitive.

Detailed explanation-4: -Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors and Rajesh Exports make the cut. The Central government on Thursday awarded 50 Giga Watt Hour (GWh) of battery capacity to four successful bidders under the production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage.

Detailed explanation-5: -To enhance India’s Manufacturing capabilities and Exports, Union Budget 2021-22 announced the Production Linked Incentive (PLI) scheme for 13 key sectors.