PLI scheme likely to boost India's manufacturing output by USD 520 bn in 5 yrs: PM Modi
New Delhi: Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by USD 520 billion in the next five years.
Addressing a webinar, Modi said the government is continuously carrying out reforms to boost domestic manufacturing.
In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about USD 520 billion in the next five years", he said.
He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
The Prime Minister said the government is working to reduce compliance burden, further improve ease of doing business and cut down logistics costs for the industry.
"PLI scheme would boost manufacturing in sectors from telecom to auto to pharma. PLI is aimed at expanding manufacturing and boosting exports," he said.
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SC judges to make their assets public, amid row over cash at Justice Yashwant Varma’s house: Report
New Delhi: The Supreme Court judges have reportedly agreed to disclose their assets to the public by publishing the same on the top court's website.
The decision was taken recently at a full court meeting and a resolution in this regard was adopted which will apply to future judges as well, as reported by Bar and Bench on Thursday.
A copy of the resolution is yet to be made public.
According to the report, the decision was taken in the wake of recent controversies surrounding opacity in the functioning of the judiciary, especially after a huge pile of cash was allegedly discovered at the residence of Justice Yashwant Varma, currently a judge of the Allahabad High Court.
The publication of assets on website was not mandatory earlier but was discretionary subject to whether an individual judge wanted to do the same, the report added.
