ECLGS 3.0, which will cover the newly added service sectors, will involve extension of credit of up to 40 per cent of total credit outstanding across all lending institutions as on February 29, 2020.

Last year, in November, the Centre announced the PLI scheme to incentivise firms in 10 sectors to drive local manufacturing and improve exports

The department of pharmaceuticals had set up greenfield plants with minimum domestic value addition in four different target segments with a total outlay of Rs 6,940 crore for 2020-21 to 2029-30

Axis Bank says that leading and concurrent high frequency indicators are showing signs of plateauing at about 3 per cent below pre-lockdown levels, which is a cause for worry

PLI scheme for pharma: The ministry said in a statement that the setting up of these plants will lead to a total committed investment of Rs 862.01 crore by the companies

PLI in IT hardware: The government is also estimating production worth Rs 3.26 lakh crore and exports worth Rs 2.45 lakh crore in four years

The PLI scheme for IT hardware is expected to lead production worth Rs 3.26 lakh crore and exports worth Rs 2.45 lakh crore in four years

The government has announced several measures under Aatmanirbhar Bharat package to increase availability of credit to the MSME sector, added MSME Minister Nitin Gadkari

The EPFO has settled 60.88 lakh COVID-19 withdrawal claims and disbursed Rs 15,255.95 crore to subscribers during the pandemic till January 31, 2021, Labour Minister Santosh Gangwar said in a written reply in the Lok Sabha

Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman's 'Never-before' Budget

The Budget focuses on growth to create jobs but lacks holistic measures to solve the problem of massive unemployment

This will create a world-class infrastructure with plug-and-play facilities to enable create global champions in export, FM Sitharaman added

Union Budget 2021: A joint committee of textile industry bodies has asked for government's intervention in removing anti-dumping duty on VSF

Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index

Several experts are of the view that the sector may take 3-4 years to fully recover and are expecting the Centre to grant long pending demand for industry status to the sector as well as lower GST rates, thereby giving direct relief, particularly to hotels

With a cohesive effort from both public and private players, the Indian bio-pharma industry has the potential to unlock tremendous growth over the next few years

Budget 2021: Between March and November last year, the central government announced three relief packages, cumulatively worth Rs 24.35 lakh crore

The government has also extended the Infrastructure Viability Gap Funding scheme until 2024-25 to attract more Public-Private Partnership projects and facilitate private investment in social sectors like health, education, wastewater, solid waste management, and water supply, the survey noted

The proposed programme can create sustainable livelihoods for 18 lakh educated youth, in addition to enabling MSE growth and indirect job creation and consequent economic growth, the report said

While Aurobindo Pharma has committed an investment of Rs 3,039 crore to set up production facilities for three eligible products, Kinvan will invest Rs 447.17 crore to build 300 MT capacity plant to produce Clavulanic Acid