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Performance of firms responsible for lower PLI disbursals: MeitY
Performance of firms responsible for lower PLI disbursals: MeitY

Time of India

time30-07-2025

  • Business
  • Time of India

Performance of firms responsible for lower PLI disbursals: MeitY

Academy Empower your mind, elevate your skills The Ministry of Electronics and Information Technology ( MeitY ) has told a parliamentary committee that it surrendered Rs 1,574 crore from the funds earmarked for production-linked incentives (PLI) in fiscal 2024 because of lower-than-anticipated performance by companies selected under the Parliamentary Standing Committee on Communications and Information Technology has hauled up the ministry for utilising only Rs 12,847 crore in FY24 under the schemes, after submitting a budget estimate of Rs 16,549 crore and later revising it down to Rs 14,421 crore, as per a standing committee report tabled in Parliament last much as 70% of the underutilised funds were meant for the PLI and Modified Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India schemes, MeitY told the committee. "Expenditure or disbursement of incentives under these two schemes is dependent upon what the private companies are able to deliver. So, it is beyond the control of the ministry to ensure optimal utilisation of the allocated fund under these schemes," it address underutilisation of the earmarked funds, estimates received from industrial units are being reduced substantially at the budget estimate stage itself, MeitY informed the committee. However, the committee refused to accept the reasons."The ministry has a larger role and responsibility towards proper monitoring, facilitation and effective implementation of the above-mentioned schemes, which cannot be solely left to private companies. Therefore, the ministry's submission 'is not understandable'," it said in the committee told the ministry to examine any lack of concerted efforts in utilisation of funds at the earliest through coordination meetings with the companies and stakeholders for reaching realistic and reasonable decisions, as per the committee report.

Parliament panel seeks report on action against social media platforms ‘working against' national interest
Parliament panel seeks report on action against social media platforms ‘working against' national interest

Indian Express

time06-05-2025

  • Politics
  • Indian Express

Parliament panel seeks report on action against social media platforms ‘working against' national interest

A parliamentary panel has asked the government to furnish details on the action it plans to take to ban social media platforms and influencers who seem to be 'working against the interest of the country, which is likely to incite violence' after the Pahalgam terror attack. The Parliamentary Standing Committee on Communications and Information Technology wrote to the secretary, Ministry of Electronics and IT, and the secretary, Ministry of Information and Broadcasting, seeking these details. The office memorandum from the panel, say sources, requested the ministries for details of 'contemplated action taken to ban such platforms under IT Act 2000 and Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021'. The sources added that the panel has sought this information by May 8, 2025. BJP MP Nishikant Dubey heads Parliament's Standing Committee on Communications and Information Technology. As many as 26 people were killed in the April 22 Pahalgam terror attack, and there has been a rise in cross-border hostility between India and Pakistan after the incident.

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