<span style="color: black;">The Union Cabinet today approved a production-linked incentive scheme for the telecom sector. Briefing reporters after the cabinet meeting, Electronic and IT Minister Ravi Shankar Prasad said, the production-linked incentive worth Rs 12,195 Crore has been cleared for the telecom sector. He said, this will create 40 thousand direct and indirect employment.<br />''</span><br />'' <span style="color: black;">Production Linked Incentive Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to boost domestic manufacturing and attract investments in the target segments of telecom and networking products in order to encourage Make in India. The scheme will also encourage exports of telecom and networking products 'Made in India'.</span><br />'' <span style="color: black;">Support under the Scheme will be provided to companies and entities engaged in manufacturing of specified telecom and networking products in India.<br />''</span><br />'' <span style="color: black;">The Cabinet has also approved amendments in the Juvenile Justice Care and Protection of Children Act, 2015. Women and Child Development Minister Smriti Irani said, the amendments allow District Magistrates along with Assistant District Magistrates to monitor the functions of the agencies implementing JJ Act in every district.<br />''</span><br />'' <span style="color: black;">The amendments include authorizing District Magistrate including Additional District Magistrate to issue adoption orders under Section 61 of the JJ Act, in order to ensure speedy disposal of cases and enhance &nbsp;accountability. The District Magistrates have been further empowered under the Act, to ensure its smooth implementation, as well as garner synergized efforts in favour of children in distress conditions. Defining eligibility parameters for appointment of CWC members, and categorizing previously undefined offences as 'serious offence' are some of the other aspects of the proposal.<br />''</span><br />'' <span style="color: black;">The Union Cabinet also cleared the Comprehensive Economic Cooperation and Partnership Agreement or free trade pact with Mauritius. Information and Broadcasting Minister Prakash Javadekar said, it will strengthen the trade relation between India and Mauritius. The India-Mauritius CECPA will be the first trade Agreement to be signed by India with a country in Africa. The CECPA between India and Mauritius covers 310 export items for India, including food stuff and beverages, agricultural products, textile and textile articles, electricals and electronic items, plastics and chemicals.</span>
News On AIR | February 17, 2021 8:40 PM
Union Cabinet approves production-linked incentive scheme for telecom sector