Tag: ravi shankar prasad

Govt of India approves Samsung, iPhone makers for Rs10.5 lakh cr smartphone incentive plan

The Government of India has approved applications of Samsung and 3 Apple iphone makers — Foxconn Technology Group, Wistron Corp., Pegatron Corp., to manufacture mobile phones in the country over the next five years. They are among the 16 companies that won approval under the Production-Linked Incentive scheme (PLI).  According to the Indian Ministry of…

Union Cabinet Approves BSNL-MTNL Merger and Revival Plan

“BSNL and MTNL are strategic assets of India. Neither they will be closed nor being disinvested. We want to make them competitive and bring professionalism.” – Telecom MinisterThe Union Cabinet has approved the merger of two state-owned telecom companies BSNL and MTNL, where MTNL will act as a subsidiary of BSNL. The cabinet also laid…