Monday, March 1, 2021

Encourage the production of telecom equipment

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Encourage the production of telecom equipment
Central Cabinet approves product-linked incentive scheme
An allocation of Rs. 12,195 crore for the scheme in five years
Encouragement for MSMEs under ‘Atmanirbhar Bharat’
PLI implementation from April 1

New Delhi: The central government on Wednesday approved a Rs 12,195 crore production-linked incentive scheme (PLI) for the manufacture of key telecom gears related to 5G technology, which will soon be introduced in the country. With this incentive scheme our country is expected to stand as a strong force in the world in the production of this device. The scheme will come into effect from April 2021. This will result in a production of Rs 2.4 lakh crore in the next five years. Of this, exports alone are estimated to be around Rs 2 lakh crore. In addition, the scheme will bring in over Rs 3,000 crore in investments as well as large-scale direct and indirect employment, as well as tax revenue, an official statement said. Explaining the decisions taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi here on Wednesday, Union Information Minister Ravi Shankar Prasad said that the government plans to make our country a global manufacturing hub and therefore create a conducive environment for ease of doing business. The government has approved a Product-linked Incentive Scheme (PIL) for the telecom sector to help ‘Make in India’ make further progress in the telecom sector. 5G is also coming soon. Therefore it is important to give incentives to this sector. The government has held extensive discussions with other stakeholders in this regard, ”Prasad said. He said the scheme was also aimed at promoting small, marginal and medium entrepreneurs (MSMEs) in Atmanirbhar Bharat. The government has said the scheme will eliminate the need to import Rs 50,000 crore worth of telecom equipment and replace it with ‘Made in India’ devices for export not only to domestic markets. The scheme will provide Rs 12,195 crore over the next five years. The incentive is based on progress in sales of manufactured goods in addition to achieving minimum production standards annually and gradually increasing investment. For different categories, the incentive ranges from 4 to 7 percent per year. The minimum investment is Rs 10 crore for MSMEs and Rs 100 crore for others. Ravi Shankar Prasad said the government would soon announce a similar PIL scheme to promote the manufacture of laptops and tablet PCs.
Amendments to the Juvenile Justice Act
Collectors of District Magistrates), the Union Cabinet on Wednesday approved amendments to the Juvenile Justice Act 2015 to increase the role of additional District Magistrates. Union Minister for Women and Child Welfare Smriti Irani briefed reporters on the details of the cabinet meeting. She said the amendments would give district magistrates and adjoining district magistrates in each district the powers to oversee the activities of law enforcement agencies. She said the district child care department also works under the district magistrate. The minister said there was no specific provision in the law to check the past history (background) of members of child protection committees, but amendments approved by the Union Cabinet would also include checks on the past history and qualifications of such members. Also so far any organization that wants to run a child care center has to hand over its intentions to the state government. Smriti Irani, however, said that under the latest amendments, the district magistrate would conduct an inspection of the institution’s capacity and past history and submit its recommendations to the state government before registering any child care center. There are three categories of crime (minor, serious, and heinous) in the current law. The law also adds another category where new serious offenses can be punishable by more than seven years.

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Encourage the production of telecom equipment