The Union Cabinet chaired by Prime Minister Shri Narendra Modi was apprised of a Memorandum of Cooperation (MoC) signed in July, 2023 between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Economy, Trade and Industry of Japan on Japan-India Semiconductor Supply Chain Partnership.
The MoC intends to strengthen cooperation between India and Japan towards enhancement of semiconductor supply chain, recognizing the importance of semiconductor for the advancement of industries and digital technologies.
The MoC shall come into effect from the date of signature of the Parties and shall be remain in force for a period of five years.
Both G2G and B2B bilateral Cooperation on opportunities to advance resilient semiconductor supply chain and leverage complementary strengths.
MoC envisages improved collaboration leading to employment opportunities in the field of IT.
MeitY has been actively working to create a conducive environment for electronics manufacturing. Programme for Development of Semiconductor and Display Manufacturing Ecosystem in India was introduced with a view to ensure the development of a robust and sustainable semiconductor and display ecosystem in India. The said program aims to extend fiscal support for establishment the Semiconductor Fabs, Display Fabs, Fabs for Compound Semiconductors/Silicon Photonics/Sensors/Discrete Semiconductors and Semiconductor Assembly, Testing, Marking, and Packaging (ATMP)/Outsourced Semiconductor Assembly and Test (OSAT) facilities. Further, India Semiconductor Mission (ISM) has been established under Digital India Corporation (DIC) to drive India’s strategies for development of semiconductor and display manufacturing ecosystem in the country.
MeitY has also been mandated to promote international cooperation in the emerging and frontier areas of Information Technology under bilateral and regional frameworks. With this objective, MeitY has entered into MoUs/MoCs/Agreements with counterpart organizations/agencies of various countries to promote bilateral cooperation and exchange of information and also to ensure supply chain resilience enabling India emerge as trusted partner. Enhancing mutual collaboration between Japan and Indian companies through this MoU is a another such step towards mutually beneficial semiconductor related business opportunities and partnerships between India & Japan.
In view of synergies and complementarities between the two nations, “India-Japan Digital Partnership” (IJDP) was launched during the visit of PM Modi to Japan in October 2018 furthering existing areas of cooperation as well as new initiatives within the scope of cooperation in S&T/ICT, focusing more on “Digital ICT Technologies”. Based on the ongoing IJDP and India-Japan Industrial Competitiveness Partnership (IJICP), this MoC on Japan-India Semiconductor Supply Chain Partnership would further broaden and deepen the cooperation in the field of electronics ecosystem. Recognizing the importance of semiconductor for the advancement of industries and digital technologies, this MoC would provide for the enhancement of semiconductor supply chain resilience.
*Cabinet approves Nutrient Based Subsidy (NBS) rates for RABI Season, 2023-24 (from 01.10.2023 to 31.03.2024) on Phosphatic and Potassic (P&K) fertilizers
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for Rabi Season 2023-24 (from 01.10.2023 to 31.03.2024) on Phosphatic and Potassic (P&K) fertilizers.
|Year||Rs. Per Kg|
(from 01.10.2023 to 31.03.2024)
In the upcoming Rabi season 2023-24, an expenditure of Rs.22,303 crore is expected on NBS.
The subsidy on P&K fertilizers will be provided based on approved rates for Rabi 2023-24 (applicable from 01.10.2023 to 31.03.2024) to ensure smooth availability of these fertilizers to the farmers at affordable prices.
- The availability of fertilizers to farmers at subsidized, affordable and reasonable prices will be ensured.
- Rationalization of subsidy on P&K fertilizers in view of recent trends in the international prices of fertilizers and inputs.
Government is making available 25 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers. The subsidy on P&K fertilizers is governed by NBS Scheme w.e.f 01.04.2010. In accordance with its farmer friendly approach, the Government is committed to ensure the availability of P&K fertilizers to the farmers at affordable prices. In view of the recent trends in the international prices of fertilizers & inputs i.e. Urea, DAP, MOP and Sulphur, Government has decided to approve the NBS rates for Rabi 2023-24 effective from 01.10.23 to 31.03.24 on Phosphatic and Potassic (P&K) fertilizers. The subsidy would be provided to the fertilizer companies as per approved and notified rates so that fertilizers are made available to farmers at affordable prices.
*Cabinet Committee on Economic Affairs approves inclusion of Jamrani Dam Multipurpose Project of Uttarakhand under Pradhan Mantri Krishi Sinchayee Yojana-Accelerated Irrigation Benefit Programme (PMKSY-AIBP)
Central assistance in the proportion 90 (centre): 10 (state) for the balance works components of the project under PMKSY-AIBP
Estimated cost of Project is Rs.2,584.10crore, including Rs.1,557.18crore central assistance to Uttarakhand
Scheduled Completion of the Project is March, 2028
Additional irrigation of 57 thousand hectare in Nainital & Udham Singh Nagar districts of Uttarakhand, Rampur & Bareilly districts in Uttar Pradesh
In addition, 42.70 million cubic metre (MCM) of drinking water to Haldwani and nearby areas benefitting more than 10.65 lakh population
Hydro power generation of about 63.4 Million Units with installed capacity of 14 MW power plant
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi, has approved inclusion of Jamrani Dam Multipurpose Project of Uttarakhand under Pradhan Mantri Krishi Sinchayee Yojana-Accelerated Irrigation Benefit Programme (PMKSY-AIBP) of Department of Water Resources, River Development and Ganga Rejuvenation.
The CCEA has approved central support of Rs.1,557.18 crore to Uttarakhand for completion of the project with estimated cost of Rs.2,584.10 crore by March, 2028.
The project envisages construction of a dam near Jamrani village across river Gola, a tributary of river Ram Ganga, in Nainital district of Uttarakhand. The dam would feed the existing Gola barrage, through its 40.5 km length of canal system and 244 km long canal system, which was completed in 1981.
The project envisages additional irrigation of 57,065 ha (9,458 ha in Uttarakhand and 47,607 ha in Uttar Pradesh) in Nainital & Udham Singh Nagar districts of Uttarakhand, and Rampur & Bareilly districts in Uttar Pradesh. Apart from construction of two new feeder canals, 207 km of existing canals are to be renovated and 278 km pucca field channels are also to be taken up under the project. In addition, the project also envisages hydro power generation of 14 MW, as well as provision of 42.70 million cubic metre (MCM) of drinking water to Haldwani and nearby areas benefitting more than 10.65 lakh population.
A substantial part of irrigation benefits of the project would flow to the neighbouring state of Uttar Pradesh, and cost/ benefit sharing between the two States is to be done as per an MoU signed in 2017. However, drinking water and power benefits shall be available entirely to Uttarakhand.
Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) was launched during the year 2015-16, with an aim to enhance physical access of water on farm and expand cultivable area under assured irrigation, improve on-farm water use efficiency, introduce sustainable water conservation practices, etc. Government of India has approved implementation of PMKSY during 2021-26 with an overall outlay of Rs.93,068.56 crore (central assistance of Rs. 37,454 crore). Accelerated Irrigation Benefits Programme (AIBP) component of PMKSY is for creation of irrigation potential through major and medium irrigation projects. So far 53 projects have been completed under PMKSY-AIBP and additional irrigation potential of 25.14 lakh hectare has been created. Six projects have been included after AIBP component of PMKSY 2.0 since 2021-22. Jamrani Dam Multipurpose Project is seventh project to be included in the list.