Cabinet Approves Plan to Boost Electronics Manufacturing Industry
The Cabinet has approved a $6.4bn plan to boost the electronics manufacturing industry in India which has become the world’s second-biggest mobile phone manufacturer. The Government will reportedly provide companies a production-linked incentive of 4-6% on incremental sales of goods made locally for five years.
Daily Current Affairs Quiz 2020
Under the scheme, electronic manufacturing companies will be given an incentive of 4% to 6% on incremental sales, over base year, of goods manufactured in India to eligible companies over a period of next 5 years. The scheme also aims for the promotion of manufacturing of electronics components and semiconductors with a budget outlay of Rs.3,285 crore spread over a period of 8 years.
Take Mock Tests
| Government Schemes Mock Test | Start Test! |
| Political Science Mock Test – 42 | Start Test |
| History Test – 190 | Start Test |
| Quantitative Aptitude Test | Start Test! | Data Interpretation - Mock Test | Start Test! |
| General Awareness - Mock Test | Start Test! |
| Reasoning Ability - Mock Test | Start Test! |