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The Indian government will continue to allocate production-linked incentives (PLI) for advanced chemical cell (ACC) batteries in batches of 5 GWh, despite requests for a reduction in the minimum bid size. The incentives, worth ₹7,240 crore, are part of a larger ₹18,100 crore PLI scheme for the sector. ....
The Empowered committee in the production-linked incentive (PLI) scheme has approved a disbursement of Rs 1,000 crore to beneficiary firms in the electronics sector. The government has already disbursed Rs 2,900 crore out of claims worth Rs 3,400 crore received under the scheme. The PLI scheme aims to boost domestic manufacturing, create jobs, and support exports. Sectors such as electronics, pharma, and medical devices are performing well under the scheme, while sectors like solar PV modules, ACC batteries, textiles, and specialty steel are not picking up well. ....
The state wants to take away Naftogaz’s right to decide on its subsidiaries’ dividends. The draft law on the 2024 state budget (Draft Law No. 10000) proposes that entities in which 50 percent or more of shares are owned by Naftogaz must pay their 2023 dividends directly to the state budget. Naftogaz is carved out individually in this draft law, which is considered to be a poor practice. ....
KUALA LUMPUR - Former Prime Minister Datuk Seri Ismail Sabri Yaakob proposed establishing an independent body to audit and periodically review the attitude of public officials,. ....