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NPCI cuts daily UPI transactions to 10 to stop incentive driven fake activity

NPCI cuts daily UPI transactions to 10 to stop incentive driven fake activity

NPCI, the body behind India’s UPI payments system, has tightened rules by capping daily transactions per account at 10. This is a drop from the earlier limit of 20, introduced via a circular dated October 21. The move targets artificial, incentive-driven transactions that can distort usage patterns on the platform.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
PM Viksit Bharat Rozgar Yojana logs only 10 percent target in six months

PM Viksit Bharat Rozgar Yojana logs only 10 percent target in six months

The Pradhan Mantri Viksit Bharat Rozgar Yojana has incentivised over 440,000 new employees and disbursed ₹465 crore to support sustained jobs. But the programme is moving at roughly one-tenth of the initial quarterly target. With global conflicts posing risks to formal hiring, the scheme’s goal of creating 35 million jobs by July 2027 looks under pressure.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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PLI IT hardware plan may demand huge foreign investment and lower domestic thresholds

PLI IT hardware plan may demand huge foreign investment and lower domestic thresholds

The government is reportedly considering a Rs 7,500 crore outlay under the PLI scheme for IT hardware manufacturing, with very different eligibility thresholds. Foreign companies seeking incentives may need to invest about Rs 500 crore over four years, while domestic firms could qualify with around Rs 20 crore over five years, according to a source.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Cabinet panel clears special incentives for electronics and semiconductors investment plans

Cabinet panel clears special incentives for electronics and semiconductors investment plans

A cabinet sub-committee has approved a pathway for special incentives and concessions aimed at boosting electronics and semiconductor investments. The move clarifies that any incentives can only be offered within existing sectoral investment policy frameworks, while proposals beyond those boundaries will be routed to the cabinet sub-committee for approval. The decision sets tighter process control for new demands.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Cabinet okays Rs 76000 crore semiconductor incentive plan with ambitious fab targets

Cabinet okays Rs 76000 crore semiconductor incentive plan with ambitious fab targets

The Cabinet has cleared a Rs 76,000-crore incentive scheme aimed at strengthening India’s semiconductor ecosystem. Officials say the plan targets one to two fabrication units for displays, alongside 10 units each for designing and manufacturing components. Semiconductors underpin everything from automobiles to smartphones, making the push central to reducing supply risks and boosting local capacity.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Delhi drafts EV Policy 2.0 with citizen first incentives for EV buyers and scrappage

Delhi drafts EV Policy 2.0 with citizen first incentives for EV buyers and scrappage

Delhi’s draft Electric Vehicle Policy 2.0, shaped around a “citizen-first approach,” proposes purchase and scrappage incentives to speed up the shift to electric mobility. The key offer is 100% exemption from road tax and registration fees for EVs priced below Rs 30 lakh, targeting middle and lower-income buyers with less upfront financial burden.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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