Semicon 2.0 gets biggest boostThe Cabinet approved Semicon 2.0 with an outlay of Rs 1,27,500 crore, marking the government's biggest bet yet on building India's semiconductor ecosystem. The next phase is expected to expand domestic chip manufacturing, packaging, design capabilities and supply chains, while strengthening India's ambitions to become a global semiconductor hub.Also Read: Cabinet approves India Semiconductor Mission 2.0; earmarks Rs 1.27 lakh crore for the projectRs 62,500 crore push for mobile manufacturingA new Mobile Phone Manufacturing Scheme (MPMS) worth Rs 62,500 crore was cleared to deepen India's electronics manufacturing ecosystem. The scheme aims to boost local value addition, attract fresh investments and reinforce India's position as one of the world's largest smartphone manufacturing hubs.Two mega elevated corridors for VaranasiThe Cabinet approved two major elevated road projects to ease congestion and improve connectivity in Varanasi:6/4-lane elevated corridor along River Varuna – Rs 10,998 crore6-lane elevated corridor along River Ganga – Rs 14,448 croreThe projects are expected to decongest urban traffic, improve freight movement and strengthen connectivity in one of Uttar Pradesh's fastest-growing cities.New national urea investment policyThe government approved the National Investment Policy for Urea-2026, aimed at encouraging fresh investments in domestic urea production. The policy seeks to enhance self-reliance in fertilisers, reduce import dependence and strengthen long-term food security.Railways gets capacity expansionThe Cabinet also cleared two key railway infrastructure projects:Doubling of the Paradeep-Haridaspur rail line – Rs 2,542 croreFourth rail line between Dangoaposi and Rajkharsawan – Rs 1,365 croreThe projects are expected to improve freight movement, enhance port connectivity and increase network capacity for both passenger and cargo traffic.At a glanceDecisionOutlaySemicon 2.0Rs 1,27,500 croreMobile Phone Manufacturing SchemeRs 62,500 croreElevated corridor along River GangaRs 14,448 croreElevated corridor along River VarunaRs 10,998 croreNational Investment Policy for Urea-2026Policy decisionParadeep-Haridaspur rail doublingRs 2,542 croreFourth line: Dangoaposi-RajkharsawanRs 1,365 crore