GOVERNMENT INCENTIVES
Budget 2024: Top three moves that NDA govt must consider for employment generation Budget 2024: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget on July 23 in Lok Sabha, kicking off the parliamentary session running from July 22 to August 22. The upcoming budget under the NDA government is anticipated t...
06 Jul, 2024, 04.52 PM ISTBudget 2024: Capex, SOPs, bold reforms top infra and energy companies' wish list Budget 2024: Finance minister Nirmala Sitharaman on Friday met representatives from the infrastructure and energy sector as a part of her pre-budget consultations. "While the capex support for the infrastructure was common, the industry wanted bold ...
05 Jul, 2024, 11.57 PM ISTDrone industry seeks favourable policies, incentives, component ecosystem to push domestic manufacturing Industry players at the Drone International Expo 2024 in Delhi called for improved policies and incentives to boost indigenisation in the Indian drone market, projected to reach USD 27 million revenue by 2024. Experts emphasised the need for a suppo...
04 Jul, 2024, 05.46 PM IST- ADVERTISEMENT
EV companies seek stability in incentives ahead of FAME-III rollout The comparison between FAME-II and EMPS subsidies is crucial, as highlighted by a report from the Federation of Automobile Dealers Associations, emphasizing the importance of stable subsidy regimes for the EV industry's growth.
03 Jul, 2024, 12.13 AM ISTRetrofitting of inter-city diesel buses can generate over 50,000 jobs Dr. Charan Singh and Davinder Sandhu emphasize the economic and environmental benefits of retrofitting. It offers a pragmatic solution for sustainable urban transport, driving economic revitalization and environmental improvements. Retrofitting leve...
30 Jun, 2024, 05.21 PM ISTPriyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and c...
28 Jun, 2024, 06.16 PM ISTIndia's electronic manufacturing likely to double in the next five years: Govt sources India's electronic manufacturing is likely to double in the next five years, according to sources in the Ministry of Electronics and Information Technology. The country's electronic manufacturing is likely to reach around USD 250 billion in the next...
15 Jun, 2024, 06.01 PM ISTGovt steps help boost toy exports, manufacturing; more work needed: DPIIT Secretary In the interim Budget in February, the Commerce and Industry Ministry has recommended an outlay of Rs 3,489 crore for the Production Linked Incentive (PLI) scheme for toys to boost domestic manufacturing of the sector.
12 Jun, 2024, 07.49 PM ISTPublic sector banks pin hopes on new Govt for higher PLI for employees State-run banks are optimistic about a more lucrative performance-linked incentive (PLI) for employees and are advocating for a five-day banking week as a new coalition government takes charge. Bank unions and employee associations seek a review of ...
07 Jun, 2024, 11.53 PM ISTZoho applies for semiconductor manufacturing facility in India Software company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up a semiconductor manufacturing facility in India. Co-founder Sridhar Vembu confirmed the move, citing a string...
06 Jun, 2024, 03.08 PM ISTWill an NDA-led Modi 3.0 see Centre more open to welfare measures? Prime Minister Narendra Modi and the Bharatiya Janata Party (BJP) have consistently opposed the distribution of freebies, as seen in their manifesto "Modi ki Guarantee," which avoided commitments like guaranteed pensions for government employees or ...
05 Jun, 2024, 05.24 PM ISTFAME 3 rollout soon; Euler Motors fundraise The next edition of the electric vehicle incentive scheme is likely to be unveiled within months of the new government taking charge. Details on this and more in today's ETtech Top 5.
29 May, 2024, 08.14 PM ISTFAME 3 likely to be rolled out soon with Rs 10,000 crore outlay The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.
29 May, 2024, 09.07 AM ISTView: Raise a glass to the job creators In a recent interview, Narendra Modi emphasized the importance of supporting businesses and avoiding demonization. The Prime Minister's stance received positive feedback, contrasting with past socialist inclinations.
28 May, 2024, 11.11 PM ISTGovt to hold 2nd meet with stakeholders to issue draft guidelines for new EV policy The Ministry of Heavy Industries is drafting guidelines for the new electric vehicle policy to attract global automakers like Tesla. Automakers, including Vietnam's Vinfast, must invest as per the new norms to avail incentives under the Scheme to Pr...
21 May, 2024, 09.46 AM ISTExpect good response on EV policy, FDI reforms in new govt; prepare for low tariff regime: DPIIT Secretary India anticipates a positive response from numerous automobile companies to its electric vehicle (EV) policy, according to Rajesh Kumar Singh, DPIIT secretary. He noted that the government has adjusted tariffs to attract manufacturers without direct...
18 May, 2024, 04.00 PM ISTSouth side story: Can attractive sops turn Chennai into a hub for GCCs? Can a slew of attractive sops from the state government and a competitive workforce turn Chennai into a hub for GCCs, positioning the state as a healthy alternative to Bengaluru and Hyderabad? In addition to banks and automotive firms, manufacturing...
12 May, 2024, 10.34 AM IST17 cos to start production this year under IT hardware PLI 2.0 The Indian government is expecting most manufacturers qualified under the revised production-linked incentive (PLI) scheme for IT hardware to start production this year, according to the electronics and information technology ministry secretary S Kr...
10 May, 2024, 11.55 PM ISTMajority of manufacturers to begin production under revised PLI scheme The government had approved the application of 27 companies, including HP, Dell, Flextronics, Lava International, Lenovo, Netweb Technologies, under a revised PLI scheme for IT hardware that offers higher incentives and includes a localisation sched...
10 May, 2024, 08.07 PM ISTAs many as 17 firms under IT hardware PLI to start production this year: IT Secretary Most IT hardware PLI scheme participants, including major players like Dell and HP, are set to commence production this year, according to a Ministry of Electronics and IT official. 17 out of 27 selected companies are expected to begin production, w...
10 May, 2024, 02.50 PM IST