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Taiwanese Firm to Invest ₹1,000 Crore in Karnataka’s Industrial Park In a significant move aimed at strengthening India’s position in the global electronics and semiconductor value chain, the Allegiance Group, a Taiwanese firm, has signed an agreement with the Karnataka government to invest ₹1,000 crore in the development of an India-Taiwan Industrial Park (ITIP). This …
Read MoreCabinet Approves Scheme to Boost Critical Mineral Recycling Why in the News ? The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a ₹1,500 crore incentive scheme to promote critical mineral recycling under the National Critical Mineral Mission (NCMM). This legislation, part of broader policy reforms, aims to strengthen domestic supply chains and …
Read MoreDebunking the Myth of Job Creation Syllabus: GS 3 Employment generation Economic development Why in the News? On July 1, 2025, the government approved the Employment Linked Incentive (ELI) Scheme to support employment generation, with an outlay of ₹99,446 crore. However, this raises serious concerns about the target population in a labour market where capital–labour …
Read MoreWhy in the news? Government cites RBI and PLFS data, claiming over 8 crore jobs created between 2017-18 and 2021-22. Contradicts Citigroup India’s report, highlighting a decline in unemployment rate and effectiveness of government policies. About Periodic Labour Force Survey (PLFS): Conducted by: National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation …
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