Finance Ministry panel to clear ₹1.25 lakh crore outlay for India Semiconductor Mission 2.0
The Expenditure Finance Committee under the Finance Ministry is set to approve a ₹1.25 lakh crore outlay for the [India Semiconductor Mission 2.0] (ISM 2.0). This increased allocation, significantly higher than the ₹76,000 crore for ISM 1.0, aims to boost indigenous chip design, manufacturing, and supply chain resilience, signaling a strong push for self-reliance in a critical technology sector.
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Must ReadWhat India’s 12 ‘operationally deployed’ nuclear warheads really mean
The [Stockholm International Peace Research Institute (SIPRI)] released its annual yearbook in June, noting that 12 of India's estimated 190 nuclear warheads are now 'operationally deployed.' This means these warheads are mated with their delivery systems (like missiles or submarines) and ready for use. While this may sound like a shift in India's nuclear posture, experts argue it does not signal an abandonment of India's foundational 'No First Use' (NFU) policy.
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Must ReadHow similar are Uttarakhand, Gujarat and Assam’s Uniform Civil Codes?
West Bengal is preparing to introduce a Uniform Civil Code (UCC) Bill, joining Uttarakhand, Gujarat, and Assam in enacting state-level UCCs to govern personal matters like marriage, divorce, succession, and live-in relationships. These state laws aim to replace varied religious personal laws with a common set of rules, though they face criticism for ignoring the evolving legal recognition of "atypical" family structures, particularly LGBTQIA+ families.
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ImportantReforms 3.0 — towards the Bharat rate of growth
The editorial advocates for an ambitious national Artificial Intelligence (AI) strategy to propel India's economic growth to 8% and beyond, transitioning from the historical 'Hindu rate of growth' to a 'Bharat rate of growth'. It proposes subsidizing AI compute power (tokens) for educational and research institutions, developing sovereign AI infrastructure, and avoiding vendor lock-in, drawing parallels with the successful digital transformations driven by [Aadhaar] and the [Unified Payments Interface (UPI)].
Must ReadPreparing India for China’s missile challenge
This article analyzes the strategic implications of China's growing conventional missile arsenal, particularly its deployment of over 200 launchers opposite India. It argues that China’s missile superiority threatens to reshape warfare by enabling strikes deep into Indian territory without crossing the nuclear threshold, necessitating a fundamental shift in India's defence strategy, specifically the development of a dedicated, conventional [Rocket Force].
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Must ReadWhat are India’s problems with most credit ratings agencies? | Explained
The Indian government has raised concerns regarding the methodologies employed by global sovereign credit rating agencies, arguing they unfairly assess India's economic fundamentals. Union Commerce Minister Piyush Goyal criticized these agencies for relying too heavily on subjective, qualitative metrics, while praising [CareEdge Ratings], an Indian agency, for its quantitative approach.
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