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India reopens bids for $10-bn chip plan | Mint Primer | Mint
India has reopened applications for its ambitious chipmaking programme, the India Semiconductor Mission (ISM), after the three initial aspirants failed to qualify for government financial incentives. The programme, valued at $10 billion, aims to bolster India's semiconductor and display fab manufacturing capabilities. The Ministry of Electronics and Information Technology has extended the application window until December 2024, allowing both new and existing applicants to submit their proposals. Watch this video to learn more about the modified scheme, the importance of nanometer measurements in chip technology, and the key players involved in the Indian semiconductor industry.
5 Jun 2023New-age hurdles for Election Commission
At a time when the political environment has become hyper-competitive, the election watchdog needs structural reform to remain relevant, a new study says
1 min read1 May 2019Election Commission gives clean chit to PM Modi's Misson Shakti address
The EC communicated this while responding in a letter to Sitaram Yechury, who had written to the poll watchdog over the issueThe EC found no ground for violation of the Model Code of Conduct (MCC) with the provision regarding 'misuse of official mass media' in his address
1 min read29 Mar 2019Election code in force, project announcements, postings on hold
The model code of conduct will be in place till the entire election schedule ends and results are announcedLok Sabha elections to be held in seven phases with polling in the first phase on 11 April and the last phase on 19 May
1 min read11 Mar 2019EPFO seeks EC’s nod for board meeting ahead of assembly polls
EPFO has sought the Election Commission’s permission to hold a key board meeting so that it does not fall foul of the model code of conduct in force in several states
2 min read23 Oct 2018Bone conduction system: Hear the music in your bones
How does bone conduction system work? Lounge takes a look at the technology that can revolutionize the way we hear music
3 min read7 Sep 2018UK regulator slaps Rs8 crore fine on London branch of Canara Bank
UK financial sector regulator FCA says it has imposed a penalty of 896,100 pounds on Canara Bank and restricted it from accepting deposits from new customers for 147 days
1 min read7 Jun 2018Sterlite Power bags $47million order from South Korea’s GS Group
Sterlite Power is a global developer of power transmission infrastructure with projects of over 10,000 circuit kms and 15,000 MVA in India and Brazil
1 min read17 May 2018Barclays CEO fined $1.5 million for trying to unmask whistleblower
The regulatory fine on Barclays CEO Jes Staley is the first ever such penalty for the sitting CEO of a major bank in Britain
2 min read11 May 2018Virat Kohli fined for breaching ICC code of conduct
India skipper Virat Kohli has been fined 25% of his match fee for showing dissent against the umpire during the third day's play of second Test against South Africa in Centurion
1 min read16 Jan 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared