The U.S. Senate on Monday again approved a bill to provide $52 billion in U.S. subsidies for semiconductor chip manufacturing in a bid to reach a compromise after months of discussions.
The Union Cabinet has approved USD 808 million (INR 6,062.45 crore) for a new scheme 'Raising and Accelerating MSME Performance' (RAMP). The new scheme assisted by the World Bank is expected to commence in the financial year of 2022-23.