# Cabinet decisions

• The Union cabinet on Wednesday approved a 76000 crore rupees scheme to boost semiconductor and display manufacturing in the country.
• The total amount of incentives announced so far for the electronics sector has reached 2.3 lakh crore.
• The scheme would provide fiscal support of upto 50℅ of the project cost for setting up semiconductor and display fabrication units.

# Electoral reforms

• The Union cabinet on Wednesday cleared a bill on electoral reforms.
• The bill includes the proposal to link electoral roll with aadhar on a voluntary basis to root out multiple enrollments.
• The bill is likely to be introduced in the ongoing winter session.

# Bangladesh

• In a symbolic gesture, President Ram nath kovind will on Friday inaugurate a famous hindu shrine that was destroyed by the pakistani forces during 1971 war.
• The Ramna Kali bari used to be a famous landmark of Dhaka where Kali temple stood for centuries.
• India supported the renovation and conservation of the historic temple with the help of Government of Bangladesh.

# Rupee

• The rupee plunged by 44 paise to close at a 20 month low against US dollar on Wednesday.
• The rupee has been under pressure for the past five weeks due to consistent forex outflows on expectations of faster rate of tapering by the US.
• A higher trade deficit number and the surge in wholesale price index based inflation also impacted the rupee.

# Rupay

• Indian cabinet on Wednesday approved a $13 billion incentive plan to promote domestic rupay debit cards and low value digital transactions.
• This move can challenge the clout of rivals such as Visa and Mastercard.