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Investment

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 […]

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Corporate Government & PSU

DoT extends relaxation of VPN norms till July 31 to facilitate work-from-home

The Government of India recently announced that it has extended the relaxation of VPN norms till the end of July enabling employees in the IT sector to continue working from home as the nation fights the coronavirus pandemic. The recent decision was communicated by the Union Minister for Information Technology and Telecommunication Ravi Shankar Prasad […]

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Government & PSU

Union Cabinet Approves BSNL-MTNL Merger and Revival Plan

The 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 out a revival plan that includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees. Telecom Minister Ravi Shankar Prasad said, “Government wants to […]