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PM E-Drive: Government To Reduce Turnaround Time For EV Subsidy Claims
The Ministry of Heavy Industries aims to reduce the processing time for EV subsidy claims to 5 days, from the current 40 days.
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"Nothing Should Be Given For Free...," Says Narayana Murthy
Software industry icon NR Narayana Murthy on Wednesday said "nothing should be given free," and suggested people availing services and subsidies provided by the Government should be made to contribute back for the betterment of the society.
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British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
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LPG Subsidy For Ujjwala Beneficiaries Hiked To Rs 300
The government on Wednesday raised the subsidy provided to poor women, who got free cooking gas connections under the Ujjwala Yojana, to Rs 300 per cylinder as it looked to blunt opposition criticism of high fuel prices.
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BGMI Maker Krafton India Urge for Support Measures to Promote Online Gaming
Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country. Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to pro...
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India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
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EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
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Electric Scooters To Get Expensive From June 1. Here's Why
The government offers subsidy on electric vehicles under the FAME scheme, which will continue for three years. The amount, however, has been reduced.
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Subsidy Reduction of Electric Two-Wheelers May Lead to Decline in EV Adoption, Manufacturers Say
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time.
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Japan Aims to Treble Sales of Domestically Produced Microchips to JPY 15 Trillion by 2030
Japan aims to treble sales of semiconductors made in the country to JPY 15 trillion (roughly Rs. 9,285,004,593,300 crore) by 2030, the industry ministry said on Monday. Tokyo sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies to TSMC and other chipmakers to build plants in Japan or have them e...
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Samsung Electronics to Invest $230 Billion in South Korea Chipmaking Base, Will Set Up 5 Chip Factories
Samsung's chipmaking plans come as other countries introduce steps to bolster domestic chip industries, including the United States which last month released details of its CHIPS Act, offering billions of dollars in subsidies for chipmakers that invest in the country.
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Upto 50% Subsidy For Setting Up Solar-Powered Food Processing Units In UP
In an attempt to boost the food processing sector in the state, the Uttar Pradesh government headed by Chief Minister Yogi Adityanath has decided to provide up to 50 per cent subsidy to interested investors, according to a government statement.
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Opinion: Oops, Wrong Hyundai. India's Industrial Policy Misfires - Again
It took a public notice from Hyundai Motor Co. - asserting that the successful bid by Hyundai Global Motors had nothing to do with it - for bureaucrats to realize that they had backed the wrong horse.
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CHIPS Bill: US President Joe Biden to Sign Bill to Boost US Semiconductor Industry on August 9
Biden will sign a bill to subsidize the US semiconductor industry next Tuesday, in an attempt to ease the ongoign chip crisis and boost efforts to make the United States more competitive with China. The CHIPS bill provides about $52 billion (roughly Rs. 4,11,400 crore) in government subsidies for research and US production of semiconductors.
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Germany To Reduce Electric Car Subsidies In 2023
Under the plan, premiums for fully electric-powered vehicles priced below 40,000 euros will fall to 4,500 euros at the beginning of next year from 6,000 euros currently, and fall to 3,000 euros in the following year.
-
PM E-Drive: Government To Reduce Turnaround Time For EV Subsidy Claims
The Ministry of Heavy Industries aims to reduce the processing time for EV subsidy claims to 5 days, from the current 40 days.
-
"Nothing Should Be Given For Free...," Says Narayana Murthy
Software industry icon NR Narayana Murthy on Wednesday said "nothing should be given free," and suggested people availing services and subsidies provided by the Government should be made to contribute back for the betterment of the society.
-
British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
-
LPG Subsidy For Ujjwala Beneficiaries Hiked To Rs 300
The government on Wednesday raised the subsidy provided to poor women, who got free cooking gas connections under the Ujjwala Yojana, to Rs 300 per cylinder as it looked to blunt opposition criticism of high fuel prices.
-
BGMI Maker Krafton India Urge for Support Measures to Promote Online Gaming
Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country. Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to pro...
-
India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
-
EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
-
Electric Scooters To Get Expensive From June 1. Here's Why
The government offers subsidy on electric vehicles under the FAME scheme, which will continue for three years. The amount, however, has been reduced.
-
Subsidy Reduction of Electric Two-Wheelers May Lead to Decline in EV Adoption, Manufacturers Say
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time.
-
Japan Aims to Treble Sales of Domestically Produced Microchips to JPY 15 Trillion by 2030
Japan aims to treble sales of semiconductors made in the country to JPY 15 trillion (roughly Rs. 9,285,004,593,300 crore) by 2030, the industry ministry said on Monday. Tokyo sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies to TSMC and other chipmakers to build plants in Japan or have them e...
-
Samsung Electronics to Invest $230 Billion in South Korea Chipmaking Base, Will Set Up 5 Chip Factories
Samsung's chipmaking plans come as other countries introduce steps to bolster domestic chip industries, including the United States which last month released details of its CHIPS Act, offering billions of dollars in subsidies for chipmakers that invest in the country.
-
Upto 50% Subsidy For Setting Up Solar-Powered Food Processing Units In UP
In an attempt to boost the food processing sector in the state, the Uttar Pradesh government headed by Chief Minister Yogi Adityanath has decided to provide up to 50 per cent subsidy to interested investors, according to a government statement.
-
Opinion: Oops, Wrong Hyundai. India's Industrial Policy Misfires - Again
It took a public notice from Hyundai Motor Co. - asserting that the successful bid by Hyundai Global Motors had nothing to do with it - for bureaucrats to realize that they had backed the wrong horse.
-
CHIPS Bill: US President Joe Biden to Sign Bill to Boost US Semiconductor Industry on August 9
Biden will sign a bill to subsidize the US semiconductor industry next Tuesday, in an attempt to ease the ongoign chip crisis and boost efforts to make the United States more competitive with China. The CHIPS bill provides about $52 billion (roughly Rs. 4,11,400 crore) in government subsidies for research and US production of semiconductors.
-
Germany To Reduce Electric Car Subsidies In 2023
Under the plan, premiums for fully electric-powered vehicles priced below 40,000 euros will fall to 4,500 euros at the beginning of next year from 6,000 euros currently, and fall to 3,000 euros in the following year.
