22 Sep 2022: UPSC Exam Comprehensive News Analysis

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CNA 22 Sep 2022:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
GOVERNANCE
1. Notified rules of the Criminal Procedure (Identification) Act, 2022
C. GS 3 Related
ECONOMY
1. Production Linked Incentive Scheme for Solar Cells
2. PLI scheme for manufacturing of semiconductor and display manufacturing ecosystems
D. GS 4 Related
E. Editorials
POLITY
1. The ambit of fraternity and the wages of oblivion
ECONOMY
1. Trade tactics
F. Prelims Facts
1. Hybrid propulsion system
2. Shrinkflation
G. Tidbits
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

2. PLI scheme for manufacturing of semiconductor and display manufacturing ecosystems

Syllabus: Changes in industrial policy and their effects on industrial growth.

Mains: Significance of semiconducting devices in the Indian economy.

Context: The Union Cabinet recently approved modifications to the semiconductor and display fab incentives scheme.

Background:

  • In 2021, the Union Ministry of Electronics and Information Technology (MeitY) approved a comprehensive Program for the Development of Semiconductors and Display Manufacturing Ecosystems in India.
  • The government proposed to provide incentives worth Rs 76,000 crore for the development of semiconductors and display manufacturing ecosystems over the next six years.

Modified Scheme:

  • Under the modified scheme, fiscal support of 50% of the project cost from 30% for all technology nodes for setting up semiconductor fabs in India will be provided by the government.Β 
  • Fiscal support of 50% of the project cost will be provided for setting up of display fabs as well.
  • This will also provide fiscal support of 50% of capital expenditure in a pari-passu mode for setting up of compound semiconductors/silicon photonics/sensors/discrete semiconductors fabs.
  • Additionally, target technologies under the scheme will include discrete semiconductor fabs.Β 
    • Discrete semiconductors are used for devices performing basic electronic functions.

Significance:

  • Trustworthy sources of semiconductors and displays are crucial to the security of critical information infrastructure in the current geopolitical environment.Β 
  • The approved programme would encourage innovation and strengthen indigenous capabilities to guarantee India’s digital sovereignty.Β 
  • Additionally, it will generate highly skilled jobs so that the nation can benefit from its demographic dividend.Β 
  • By 2025, the programme will considerably help create a USD 1 trillion digital economy and a USD 5 trillion GDP by promoting stronger local value addition in the electronics manufacturing industry.

Read more on Semiconductor Industry in India

Nut Graf: The scheme had attracted many global semiconductor players and the changes would help expedite investments in chip manufacturing. With deeper integration into the global value chain, the growth of the semiconductor and display ecosystem will have a multiplier effect on other economic sectors.Β 

I. UPSC Mains Practice Questions

  1. What is Shrinkflation? How does it create a new challenge for macro-economic accounting? (10 marks; 150 words) (GS-3; Economy)
  2. β€œHybrid Propulsion Systems are the future of space technology” Elucidate. (10 marks; 150 words)(GS-3; Science and Technology)

Read the previous CNA here.

CNA 22 Sep 2022:- Download PDF Here

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