The President Ram Nath Kovind on Wednesday promulgated the Insolvency and Chapter Code (Modification) Ordinance, 2021. The Cupboard had accredited on thirty first March 2021 the proposal to make amendments within the Insolvency and Chapter Code, 2016 (Code), via the Insolvency and Chapter Code (Modification) Ordinance, 2021.
In the meantime, the federal government at the moment accredited a production-linked incentive scheme for air-conditioner and LED gentle sectors with an outlay of Rs 6,238 crore. The proposal was accredited in a Union Cupboard assembly, which was chaired by Prime Minister Narendra Modi. The Union Cupboard additionally gave nod to the manufacturing linked incentive (PLI) scheme with an outlay of Rs 4,500 crore so as to add 10,000 MW capability of built-in photo voltaic PV modules manufacturing crops.