<h1>Semiconductor investment incentives and global capability centre rules, plus expanded intra-family commercial property stamp-duty cap approved</h1> Incentives were approved under Uttar Pradesh's semiconductor policy for semiconductor companies proposing investment of Rs 3,000 crore or more, providing case-by-case support including interest subsidy, employee cost reimbursement, GST exemption for 10 years, and power tariff subsidy up to Rs 2 per unit for 10 years, with 100% reimbursement of EPF contributions for Uttar Pradesh-based professionals capped at Rs 2,000 per month and concessional water charges, to reduce operating costs and improve investment viability. Standard operating procedures for Global Capability Centres were also approved, prescribing an administrative framework intended to facilitate establishment and operations. A 2022 stamp-duty concession on intra-family gifts was expanded to cover commercial property in rural and urban areas, capping stamp duty at Rs 5,000, thereby lowering transaction costs for such family transfers.