PRODUCTION LINKED INCENTIVE SCHEME
Bengal, count plants, not promises: The real test of its industrial comeback
In a bid to enhance industrial investment in West Bengal, finance minister Swapan Dasgupta plans to overhaul outdated land use regulations. This initiative will introduce new policies like land pooling and financial incentives tied to job creation for emerging projects. The historical challenges have stunted the region's industrial advancement, prompting the need for robust administrative reforms.
Semiconductor push, govt support driving EMS sector's growth, but valuation remains a concern: How 3 stocks with most buy calls are placed
Investor enthusiasm around the sector is visible in the performance of nine EMS stocks covered by multiple brokerages. The group has delivered an equal weighted average return of 55.3% so far in 2026, compared with 1.1% for the Nifty 500 Equal Weighted Index. Seven of the nine stocks have delivered posi tive returns, while three have gained over 100%. The analysis is based on closing prices as of 28 September 2026.
IRDAI’s insurance distribution paper: Economics in focus, consumer protection gaps remain
Rules and caps can change behaviour. Incentives determine whether organisations merely comply with the rules or actually change the behaviour that created the problem. No regulator can adjudicate every commercial decision made by every insurer and distributor.
Assam Cabinet approves Green Cess on vehicle ownership transfers, 12% quota for ex-Agniveers
In a recent meeting, the Assam Cabinet has ratified a Green Cess on vehicle ownership transfers. This initiative aligns with the introduction of a 12% recruitment reservation for ex-Agniveers residing in Assam, specifically for police and emergency roles. Furthermore, the Madhupur Satra will receive financial support of Rs 1 lakh each month.
PLI push and rising demand take AC makers deeper into South India
Leading air-conditioner manufacturers are moving production facilities from North India to South India due to several advantages. Significant investments in Sri City and Tamil Nadu have led to the establishment of new AC manufacturing units. This shift is expected to increase production capacity and reduce logistics costs significantly. The southern regions have a longer cooling season, making them more favorable for AC sales.
Investors’ bets on Ola shrink as EV, ride-hailing businesses lose ground
As competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuations. Ola Cabs is increasingly losing ground to competitors like Rapido and Uber, alongside a notable decline in Ola Electric's electric two-wheeler market share. While the company confronts financial hurdles and operational setbacks, a number of investors successfully realized returns through strategic share sales prior to value drops.
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FPO-led food exports from Haryana to Canada open new market opportunities for farmers
A 24-metric-tonne consignment of frozen food products from Haryana has been exported to Canada by Aterna Foods Producer Company Limited, marking an effort to connect Farmer Producer Organisations (FPOs) with international markets. The shipment, valued at CAD 35,140, includes frozen peas, mixed vegetables, sweet corn, peas and carrots and samosas. APEDA facilitated the export under its Financial Assistance Scheme.
Government extends RoDTEP export tax refund scheme by three months till December 31
The government has extended the RoDTEP scheme until December 31, 2026, to support exporters amid challenges. This extension maintains the existing reimbursement rates and value caps for various export units. The RoDTEP scheme reimburses taxes and duties that are not refunded through other means, helping ease export costs. It has already covered over 10,700 tariff lines, with substantial disbursements made.
GST collections remain strong, but faster import growth needs watching: Tax experts
India's GST collections remained strong, rising to Rs 2.04 lakh crore in September, however experts express concern over the wide gap in tax revenue from imports and domestic transactions. They say that the divergence suggested that imports were contributing significantly to the overall growth in collections. The trend could warrant a reassessment of some production-linked incentive schemes to strengthen domestic manufacturing.
Apple scores A+ for record $13 billion iPhone exports from India
Total smartphone exports in the April-August period rose about 36% from a year earlier to $15.96 billion, and as much as 98% of the incremental increase came from iPhones alone, show data available with ET.
Carbon credits need more than a nod
Britain recognised India's Carbon Credit Trading Scheme (CCTS) as a qualifying carbon-pricing mechanism under its Carbon Border Adjustment Mechanism (CBAM), thus joining an established club of recognised carbon-pricing jurisdictions. The recognition, however, doesn't automatically strengthen India's efforts to achieve equivalence with existing or future carbon border adjustment mechanisms. However, it demonstrates the value of sustained technical engagement in addressing complex issues in a mutually beneficial manner.
Why bank unions deferred 3-day strike: Will banks open today? Key decisions on 5-day banking, all Saturdays holidays explained
Why did bank unions defer 3-day strike: The three-day bank strike planned for September 28 to 30 has been deferred after the IBA and UFBU met on Sunday night. Check what key decisions were taken on 5-day banking, all Saturdays as holidays, incentive scheme for senior officers and other demands by bank unions.
More insurance, less salesmanship: IRDAI proposed commission caps are needed
IRDAI’s proposed caps on distribution commissions may face industry resistance after removal of earlier caps. The aim of the proposal is to push more funds into coverage rather than commissions to address issues of mis-selling. Disentangling the incentive structures into discrete components is a genuine requirement. Insurers with lower costs are expected to benefit. This will shape industry feedback to IRDAI's consultation paper.
Bank unions defer 3-day nationwide strike after talks with IBA
Bank unions have decided to defer a planned three-day strike after discussions with the Indian Banks' Association. A new high-level committee will be formed to address important employee demands, including Saturdays as holidays. Union representatives aim to resolve concerns related to the Performance Linked Incentive scheme for higher-ranking officers. The Finance Ministry has encouraged dialogue for addressing unresolved issues while ensuring services remain uninterrupted.
India electronics firms get Rs 19,091 crore PLI incentives, investments cross Rs 20,580 crore
Electronics manufacturing companies have received substantial incentives under the production-linked incentive scheme and attracted significant investments. The PLI scheme has successfully boosted the domestic mobile phone production and smartphone exports. In total, the electronics sector emerged as the biggest beneficiary among the various sectors participating in the program. Other sectors like pharmaceuticals and food also received notable incentives to enhance their manufacturing capabilities.
Electronics demand, global supply shifts, policy support driving India's semiconductor play: BCG top exec
India is well placed to build a deeper semiconductor ecosystem as domestic electronics demand rises, government incentives expand and global supply chains diversify, BCG’s Ankush Wadhera said. He expects AI to keep driving demand for GPUs, memory and compute, arguing that current AI-safety debates are “speed-breakers” rather than barriers to semiconductor growth.
PLI scheme attracts Rs 2.40 lakh crore investments across 14 sectors, enhancing manufacturing capacity: Report
The ASSOCHAM report indicates that the Production Linked Incentive Scheme has attracted significant investment across various sectors. It emphasizes the need for better implementation, compliance, and incentive disbursement processes.
India’s FDI equity inflows rise 6% to $19.8 billion in Q1FY27; Japan tops, US plunges 76%
India’s FDI equity inflows rose 6% to $19.81 billion in April-June FY27, led by Japan at $5.7 billion, while US inflows fell 76% to $1.34 billion. Total FDI including reinvested earnings stood at $30.6 billion. Tamil Nadu attracted the most investment at $5.9 billion, followed by Maharashtra.
Govt disburses Rs 36,754 cr under PLI schemes as on June 30
The government has disbursed Rs 36,754 crore to beneficiary companies under the Production Linked Incentive schemes. These schemes have led to actual investment of Rs 2.58 lakh crore in manufacturing capabilities. While attracting investment, they have facilitated exports amounting to Rs 15.53 lakh crore and generated significant employment opportunities. In the pharmaceuticals sector, the scheme has recorded sales exceeding Rs 3.64 lakh crore.
India remains net importer of finished steel in Apr-Aug; buys commodity worth Rs 36k crore
India imported finished steel worth Rs 36,193.9 crore from April to August in the fiscal year. The country saw a 29.5 percent increase in finished steel imports during this period compared to the previous year. In August alone, India imported 0.72 million tonnes of finished steel worth Rs 7,863.1 crore, which was a nine percent rise.
You may soon buy motor insurance via Bima Sugam when buying a new car; dealers can't deny cashless repairs if IRDA proposals are implemented
IRDAI's proposed reforms could revolutionize motor insurance purchases, making them more transparent and customer-friendly. With direct digital buying options, increased awareness of alternatives, and safeguards against dealer biases, these changes aim to empower policyholders and enhance competition. Discover how these adjustments could impact your next car or two-wheeler insurance policy.
“Transformation visible across sectors!”: PM Modi marks 12 years of Make in India amid manufacturing, investment push
Prime Minister Narendra Modi recently celebrated the 12th anniversary of the 'Make in India' initiative. This campaign has significantly improved India's manufacturing, foreign investments, and export capabilities over the years. Key achievements include substantial growth in electronics production, particularly in mobile phone manufacturing.
'India moved from manufacture for India to manufacture for the world': Piyush Goyal on 12 years of 'Make in India'
India has transitioned from manufacturing primarily for its domestic market to competing in global markets. The Make in India initiative, launched in 2014, aims to boost manufacturing capacity and attract foreign investments. Recent data reveals record foreign direct investment inflows and significant job creation through production incentives. Additionally, the focus will shift towards enhancing India's role in global production and supply chains.
India records highest-ever FDI of $94.53 billion in FY26, inflows since 2014 reach $843 billion: Piyush Goyal
India achieved its highest-ever annual Foreign Direct Investment of USD 94.53 billion in FY 2025-26. Cumulative FDI inflows from FY 2014-15 to FY 2025-26 reached USD 843 billion. The Production Linked Incentive schemes have attracted significant investments and generated millions of jobs. Key sectors benefited include electronics, pharmaceuticals, and IT hardware as outlined by the Commerce and Industry Minister.
Make in India shifts focus to deeper manufacturing capabilities, global competitiveness: CII
CII said India’s manufacturing sector is shifting from simply expanding capacity to building domestic supply chains, developing technology and integrating deeper with global markets as Make in India completes 12 years.
Govt set to consider auto PLI applications with Chinese investment after FDI nod
The Indian government is likely to consider production-linked incentive applications from auto companies with Chinese investments. This decision comes after President Xi Jinping's recent visit to India and improving relations. Existing applications with foreign direct investment (FDI) approvals will be reviewed for potential benefits. The auto production-linked incentive scheme aims to boost domestic manufacturing and investments significantly. Disbursements under this scheme are expected to increase in the upcoming financial years.
IIT Madras professor Jhunjhunwala wants PLI to be more startup friendly
PLI should be opened to smaller companies, with incentives tied to meaningful domestic value addition rather than the ability to make large upfront investments, Ashok Jhunjhunwala said in a chat with ET.
Assam's revised ATISIS gives major boost to GTAC-linked CTC exports
Assam's updated tea incentive scheme introduces exciting export benefits designed to enhance the quality of CTC tea. The initiative promises a Rs 3 per kg bonus for single-origin Assam tea exports and significantly boosts subsidies for Orthodox and Specialty tea production. Additionally, improved working capital assistance is provided, with Matcha tea now part of the program, aiming to fortify Assam's tea exports and the Guwahati auction platform.
Auto PLI investments have crossed Rs 45,000 crore: H D Kumaraswamy
Investments under the automobile production linked incentive scheme have surpassed Rs 45,000 crore. The government's policy support aids domestic manufacturing and charging infrastructure development. Original equipment manufacturers are producing electric vehicles under this significant program. India can develop cost-effective solutions for emerging global markets. Electric buses and trucks offer cheaper running costs and reduce oil dependence.
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