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Kerala Finance Minister announces 50 percent reduction in tax for electric vehicles

Various government departments also assured that charging stations for such vehicles will be set up across the country by KSE Thiruvananthapuram: Finance Minister Thomas Isaac declared a 50 percent concession in tax for electric vehicles as part of encouraging its wide use in the state. The government has decided to encourage electric vehicles in order […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities

Power Package: ₹45,000 cr liquidity for NBFCs; ₹90,000 cr for discoms

  FM Sitharaman announced ₹30,000 cr liquidity facility for NBFCs, housing finance companies and MFIs Among other big bang announements, Finance Minister Nirmala Sitharaman on Wednesday announced collateral free automatic loans for businesses, including MSMEs, up to ₹3 lakh crore. She also said ₹45,000 crore liquidity will be infused into NBFCs through partial credit guarantee […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

COVID-19 Effect | Govt extended deadline for filing GST returns to June 30

Interest, late fee and penalty will be waived for companies with a turnover up to Rs 5 crore. The government on March 24 announced extension of the last date for filing GSTR-3B for Goods and Services Tax (GST) for March, April and May to June 30. “Others can file returns due in March, April and […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Budget 2020: Govt expands PM KUSUM scheme for solar pumps, targets to cover 20 lakh farmers

Finance Minister Nirmala Sitharaman on Saturday announced expansion of Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) Scheme under which 20 lakh farmers would be provided funds to set up standalone solar pumps. While presenting the budget for 2020-21, the minister said that 15 lakh farmers would be provided funds to set up grid-connected […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

India to Honour Contractual Commitments Under Various Energy Agreements, Says Nirmala Sitharaman

Recently, Andhra Pradesh had asked government nodal agencies Solar Energy Corporation of India (SECI) and NTPC to lower tariff of renewable energy projects auctioned by them under concluded power purchase agreements. New Delhi: Finance Minister Nirmala Sitharaman on Monday assured investors that India will honour contractual commitments under various energy agreements. “Commitments shall be honoured […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

EV push slowing down demand for petrol, diesel cars: Auto companies to finance minister

Sitharaman, who was accompanied by top officials in the finance ministry and also those from the ministry of road transport and heavy industries, did not promise any immediate bailout NEW DELHI: The beleaguered auto industry met finance minister Nirmala Sitharaman on Wednesday and said too much focus on electric vehicles (EVs) — pushed aggressively by […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities

FAME 2: GOVERNMENT OF INDIA SEEKS PROPOSALS FOR ELECTRIC VEHICLE CHARGING SET-UP IN INDIA

The Indian Government seems to be taking the right steps to curb pollution in the country, in addition to reduce the dependence on conventional sources of fuel. The Union Budget 2019, which did not bring much relief for conventional car manufacturers, had announcements in favour of the EVs in India. And now the GOI has […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities

Can India make the transition to electric vehicles?

India has taken some baby steps but more needs to be done to improve demand and supply Finance Minister Nirmala Sitharaman announced an additional income tax exemption of ₹1.5 lakh for purchasers of electric vehicles in Budget 2019-2020. She also said that the GST rate on electric vehicles would be lowered to 5%. Can India […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities

Auto industry gets an electric boost in FY20 Budget

Finance Minister Nirmala Sitharaman’s maiden Budget provides tax incentives and GST cuts for electric vehicles. ‘The future is electric,’ reiterates the Union Budget 2019-20. In her maiden Budget speech on Friday, Finance Minister Nirmala Sitharaman announced an income tax deduction of ₹1.5 lakh on loans for electric vehicles to incentivise their purchase. The loan is […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Waaree Energies Introduces Customized Solar Modules for Electric Vehicles

The modules are expected to increase the efficiency of these EV by 10-25% Waaree Energies, India’s largest solar PV manufacturer and a leader in the rooftop segment, has launched customized solar modules, a solar power solution for Electric Vehicles. These indigenous modules, specially designed for the transport industry in India, are portable, flexible, lighter, durable […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities