The government has notified the scheme to promote manufacturing of electrically operated passenger vehicles (EVs) in India and issued two notifications 19/2024-Customs and 20/2024-Customs both dated March 15, 2024, exempting the social welfare surcharge and reducing the basic customs duty (BCD) to 15 per cent on imports of EVs falling under the heading 8703… Continue reading New electric vehicle scheme links lower import duty with FDI | Expert Views
Tag: scheme
15 rail stations in Haryana to be revamped under Amrit Bharat Scheme
Chief Minister Manohar Lal Khattar on Sunday expressed gratitude to Prime Minister Narendra Modi and Railway Minister Ashwini Vaishnaw for selecting 15 Haryana stations for redevelopment under the ‘Amrit Bharat Station Scheme’. Prime Minister Narendra Modi on Sunday laid the foundation stone for the redevelopment of 508 railway stations across the country via… Continue reading 15 rail stations in Haryana to be revamped under Amrit Bharat Scheme
Bulk drug imports from China hit 75% in FY23 despite PLI scheme: Report
Bulk drug imports from China increased from 62 per cent to 75 per cent in the past nine years and India continues to depend on Chinese shipments despite commissioning of various domestic manufacturing projects under the government’s production-linked incentive scheme, a report said. According to a report by Care Ratings, imports of bulk… Continue reading Bulk drug imports from China hit 75% in FY23 despite PLI scheme: Report
Construction, equipment manufacturers seek PLI scheme for industry
Construction and equipment (CE) manufacturers have urged the government for a production linked incentive (PLI) scheme for the sector. The introduction of the PLI scheme will provide a level-playing field for the players of the industry, Dimitrov Krishnan, President of industry body ICEMA, said. Indian Construction Equipment Manufacturers’ Association (ICEMA) engages with… Continue reading Construction, equipment manufacturers seek PLI scheme for industry
EPFO to appoint actuary to get consultancy for insurance, pension scheme
The Employees’ Provident Fund Organisation (EPFO) is in the process of appointing an actuary firm for the purpose of providing consultancy services to it on matters related to insurance and staff pension cum gratuity. The statutory body under the Ministry of Labour & Employment had issued a request for proposal (RFP) to appoint… Continue reading EPFO to appoint actuary to get consultancy for insurance, pension scheme
Centre mulls minor tweaking in PLI scheme, aims to boost manufacturing
The Centre is in consultations to determine whether ‘minor tweaking’ is required in some of the production-linked incentive (PLI) schemes for its smooth implementation to boost domestic manufacturing, a senior government official said on Thursday. The official, however, did not point out any potential change that is being considered since the consultations with… Continue reading Centre mulls minor tweaking in PLI scheme, aims to boost manufacturing
Parents save Rs 210 crore under Chhattisgarh govt’s education scheme
Swami Atmanand Excellence School Scheme, a zero-cost quality education project by the Chhattisgarh government has enabled parents to save over Rs 210 crore, the officials claimed. Under the flagship scheme of Chief Minister Bhupesh Baghel, launched on July 3, 2020, 52 schools were opened in different cities. Following the response, the state government increased… Continue reading Parents save Rs 210 crore under Chhattisgarh govt’s education scheme
Centre extends PM crop insurance scheme registration deadline: Official
The deadline has also been extended to August 7 in Meghalaya for ginger producers, the central government official said. The Centre has extended the deadline for registration under Pradhan Mantri Fasal Bima Yojana (PMFBY), with the last date for farmers in Uttar Pradesh to enrol themselves being pushed to August 10, state officials said… Continue reading Centre extends PM crop insurance scheme registration deadline: Official
Paytm Chief Vijay Shekhar seeks PLI scheme for payment segment devices
Vijay Shekhar Sharma, Founder, Chairman & CEO – One97 Communications (Paytm) Fintech company One97 Communications, which operates under the Paytm brand, wants the government to bring payment segment devices under the production-linked incentive scheme to boost local production, a top company official said on Monday. Paytm founder and CEO Vijay Shekhar Sharma said… Continue reading Paytm Chief Vijay Shekhar seeks PLI scheme for payment segment devices
Govt extends deadline of IT hardware products PLI scheme till August 30
The government on Monday extended the deadline to apply for benefits under the production-linked incentive scheme for IT hardware products such as laptops, tablets, all-in-one PCs, servers, and edge computing devices till August 30. As notified in May, the modified IT hardware PLI scheme offers incentives of up to 9 per cent on… Continue reading Govt extends deadline of IT hardware products PLI scheme till August 30