August 24, 2025 - Current affairs for all the Exams: India Boosts Semiconductor Sector, Pushes Economic Reforms, and Unveils Major Development Projects
August 24, 2025
In a significant move to strengthen its domestic technology landscape, India has approved 23 semiconductor design projects under the Design Linked Incentive (DLI) scheme. This initiative aims to foster a robust semiconductor ecosystem by supporting startups and MSMEs in chip development. Concurrently, Prime Minister Narendra Modi affirmed India's commitment to continuous economic reforms, including a crucial next-generation GST reform, as the nation strives to become the world's third-largest economy by 2047. Furthermore, PM Modi is set to inaugurate and lay foundation stones for substantial housing and infrastructure projects in Gujarat, signaling ongoing efforts in urban development and welfare. On the international front, India's Department of Posts announced the temporary suspension of most postal services to the United States, effective August 25, in response to new US customs regulations.