News Latest

New Recipe

Diagnosed with polio at 7, Neeraj Yadav, 42, won 3 Asian Para Games golds before a doping ban and a life cut short | More sports News

Neeraj Yadav (Image credit: Agencies) Neeraj Yadav, one of India’s leading para-athletes, was found dead at a flat on Tuesday night, leaving the para-sports community in shock. The 42-year-old, a three-time Asian Para Games gold medallist, allegedly died by suicide. He is suspected to have consumed poison.A postmortem examination was underway at Delhi’s GTB Hospital...

CBSE Experience Centre inaugurated in Delhi, features 21 exhibits across 12 zones

Union education minister Pralhad Joshi inaugurates CBSE Experience Centre in Dwarka, offering interactive learning across 12 zones Union Education Minister Pralhad Joshi inaugurated the Central Board of Secondary Education (CBSE) Experience Centre at the CBSE Integrated Complex in Dwarka, New Delhi, on October 27, 2026. The centre has been established at the board’s headquarters to...

Rs 25,000 crore in taxes, 12 lakh jobs: Vaishnaw backs mobile PLI scheme

Table of Content

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

The Future of Gadgets

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been standard dummy text ever since the 1500s,

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.


Rs 25,000 crore in taxes, 12 lakh jobs: Vaishnaw backs mobile PLI scheme
Union minister for railways, information & broadcasting, and electronics & IT Ashwini Vaishnaw

NEW DELHI: India’s mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections, exceeding the Rs 19,000 crore paid out by the government as incentives under its production-linked incentive (PLI) scheme.Union minister for electronics and information technology Ashwini Vaishnaw shared the figures on Wednesday while dismissing news reports that questioned the effectiveness of India’s mobile manufacturing model.He added that the scheme had also contributed Rs 3,000 crore in Goods and Services Tax (GST) collections.Highlighting the sector’s employment contribution, Vaishnaw said, “Electronics manufacturing employs 25 Lakh people; mobile manufacturing alone employs 12 Lakh.”The government is now looking to build on the sector’s manufacturing base through a new scheme focused on expanding production, increasing the domestic sourcing of components and strengthening India’s position in global supply chains.The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) in July, allocating Rs 62,500 crore to the programme. It will operate from FY 2026-27 to FY 2030-31.The scheme is designed to scale up mobile phone production, increase domestic value addition, strengthen supply chains and improve the industry’s global competitiveness. Incentives for eligible mobile phone sales range from 2.25% to 5%, with an additional benefit of up to 1.5% for domestic sourcing of key components and sub-assemblies.Support for Indian mobile brands is also part of the programme, with incentives linked to design and research and development.According to the ministry of electronics and information technology, mobile phone production over the scheme’s tenure is expected to total approximately Rs 39 lakh crore, with exports also projected to rise significantly. The programme is expected to create around 60,000 direct jobs.The new initiative comes after the Production Linked Incentive Scheme for Large Scale Electronics Manufacturing ended on March 31, 2026. The government’s focus is now on sustaining manufacturing growth while promoting deeper domestic sourcing and Indian-owned mobile brands.



Source link

todaynewss.in

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Popular

Top News

Latest News

Hot News

©2026 .Today Newss  All rights reserved.