Day: March 22, 2020

Modi’s local ‘champions’ to take Indian manufacturing to Rs 10 lakh crore; here’s govt’s mega plan

Union Communications Minister Ravi Shankar Prasad said that two long term policy decisions have been taken to make India a big hub of manufacturing: first in the case of electronics and second in the case of Pharma and medical devices

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved production-linked incentives worth Rs 40,995 crore for electronics manufacturing companies. This is one among other decisions taken today to give further boost to manufacturing in India, and expand it to worth Rs 10 lakh crore in the next five to six years. Union Communications Minister Ravi Shankar Prasad

Amazon raises overtime pay for warehouse workers

Hourly workers at Amazon’s U.S. warehouses will receive double pay after 40 hours for overtime. Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses as the world’s largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the coronavirus outbreak. Chief Executive Officer Jeff Bezos, the world’s richest person, also said on Saturday, “My own time and thinking is now wholly focused on COVID-19 and on how Amazon can best play its role,” according to a message posted on a company website.