Page 31 - NIS English December1-15
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Cabinet Decisions
Telecom & Networking Products, Textile Towards a new horizon
Products, Food Products, High Efficiency
Solar PV Modules, White Goods (ACs & DECISION: Approval of Rs 1,810 Crore
LED), and Specialty Steel. investment proposal of 210 MW Luhri Stage-I
RS 18,000 CRORE FOR PMAY-U
Rs 18,000 Crore is being provided for Hydro Power Project in HP
Pradhan Mantri Awas Yojana (Urban). This
amount will be in addition to Rs 8,000 Crore
given this year. This decision will help to
ground 1.2 million houses and complete 1.8
million houses. This will create 78 Lakh new
employment opportunities.
CONSTRUCTION & INFRASTRUCTURE BENEFITS:
To provide ease of doing business and lThis project will generate 758.20 million
relief to contractors whose money otherwise units of electricity annually
remains locked up, performance security lPower generated will help in providing grid
on contracts has been reduced from 5-10 stability and will improve power supply
per cent to 3 per cent. It will also extend lConstruction activities of the project will
to ongoing contracts and Public Sector result in direct and indirect employment to
Enterprises. The relaxations in the General around 2000 persons
Financial Rules will be in force till December l Himachal Pradesh will benefit with free
31, 2021. power worth around Rs 1,140 Crore from
RELIEF FOR DEVELOPERS & HOME this project during its Life Cycle of 40 years
BUYERS DECISION: Production-Linked Incentive
To provide tax relief to developers and (PLI) scheme for 10 key sectors for
buyers, difference between circle rate and
agreement value in real estate for tax relief enhancing India’s manufacturing capabilities
has been increased from 10 per cent to 20 with a total outlay of Rs 8,100 Crore
per cent. A relief up to 20 per cent will also BENEFITS:
be allowed to buyers of these units till June l It will enhance exports. It will make Indian
30, 2021. manufacturers globally competitive, attract
RS 65,000 CRORE FOR SUBSIDIZED investment and enhance exports. It will
FERTILIZERS promote PPPs in social and economic
Rs 65,000 Crore is being provided to ensure infrastructure leading to efficient creation
increased supply of fertilizers to farmers to of assets and ensuring their proper
enable timely availability of fertilisers in the operation and maintenance and make
upcoming crop season. the economically and socially essential
BOOST FOR RURAL EMPLOYMENT projects commercially viable.
An additional Rs 10,000 Crore is being lThe PLI scheme across these 10 key
provided for PM Garib Kalyan Rozgar specific sectors will make Indian
Yojana to provide rural employment. This manufacturers globally competitive,
will help accelerate rural economy. attract investment in the areas of core
R&D GRANT FOR COVID-19 VACCINE competency and cutting-edge technology
Rs 900 Crore is being provided to Department l It will ensure efficiencies; create economies
of Biotechnology for Research and of scale; enhance exports and make India an
Development of Indian COVID Vaccine. integral part of the global supply chain.
New India Samachar 29
