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UPSC Daily Current Affairs : 03-June-2020

Topic Covered :

  1. India unveils Rs 50,000 crore schemes to attract electronics makers

  2. Lessons from Telangana’s Rythu Bandhu

  3. Sixth Mass Extinction

  4. Scientists identify second most common coronavirus type in India


INDIA UNVEILS RS 50,000 CRORE SCHEMES TO ATTRACT ELECTRONICS MAKERS

Why in news?

  • Union Minister Ravi Shankar Prasad, on Tuesday, unveiled the guidelines for electronics manufacturing schemes with an aim to strengthen domestic manufacturing of five global and five Indian mobile phone makers. 


Highlights:


The three Schemes are :


The Production-Linked Incentive Scheme (PLI),

  • The PLI Scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under the target segments, to eligible companies, for a period of five years subsequent to the base year. 

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)

  • The SPECS shall provide financial incentive of 25% on capital expenditure for the identified list of electronic goods, i.e., electronic components, semiconductor/ display fabrication units, Assembly, Test, Marking and Packaging (ATMP) units, specialized sub-assemblies and capital goods for manufacture of aforesaid goods.

Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme

  • The EMC 2.0 shall provide support for creation of world class infrastructure along with common facilities and amenities, including Ready Built Factory (RBF) sheds / Plug and Play facilities for attracting major global electronics manufacturers, along with their supply chains. 

  • The schemes are expected to increase production of mobile phones and their parts to around Rs.10,00,000 crore by 2025 and generate around 5 lakh direct and 15 lakh indirect jobs, the government said.


Source : Economic Times ( https://economictimes.indiatimes.com/tech/hardware/govt-starts-inviting-application-for-rs-50000-cr-electronic-incentive-schemes/articleshow/76153644.cms )


LESSONS FROM TELANGANA’S RYTHU BANDHU

Why in news?

  • As government thinks of direct benefit transfers to low-income groups, it is instructive to look at how similar experiments in states like Telangana have played out.


Highlights:

  • There is an increasing clamour for enhancing the amount distributed through the PM-KISAN scheme, which provides an annual sum of Rs 6,000 to farmer families who own cultivable land.

About Rythu Bandhu Scheme :

  • It is a DBT scheme implemented by the Telangana government that relies on land records for the identification of beneficiaries. The scheme offers an annual income support of Rs 10,000 per acre to every farmer who owns agricultural land.

Positives about the scheme :

  • Simplicity : RBS is a relatively simple scheme to administer because it is unconditional and relies on pre-existing land records infrastructure.