Government Subsidy

Delhi government's Secretary of Planning Department Niharika Rai said on Tuesday public services, social welfare schemes, and subsidies are "not affected" following reports that after the arrest of Arvind Kejriwal such services will be "stopped."

TSMC will get up to more subsidies from the government of Japan in order to help the chipmaker build a second fabrication plant in Japan. The company will receive 732 billion yen ($4.86 billion) more in subsidies from Japan. TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year.

The Narendra Modi government does not believe in empowering people throught their schemes and subsidies and not entitling them, Finance Minister Nirmala Sitharaman told NDTV, in her first post-budget interview to a private channel.

After the Federal Communications Commission (FCC) declined to give Starlink nearly $900 million in subsidies, Elon Musk's mother accused US President Joe Biden of hating her son's attempts to "make this world a better place".

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.

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.

The centre is considering spending Rs 60,000 crores ($7.2 billion) to provide subsidised loans for small urban housing over the next five years, two government sources told Reuters.

Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. In a surprise move in May, the government, without explanation, slashed cash incentives on the vehicles to a maxim...

Assam Chief Minister Himanta Biswa Sarma on Thursday said he was willing to accept any punishment, including retirement from public life, if there is any evidence that his wife has received or claimed any amount from the government of India.

A police case has been filed against a senior journalist and a Hindi news channel on charges of spreading misinformation about a subsidy scheme launched by the Karnataka government to benefit minority communities.

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...

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.

The Union government has reduced prices of subsidised tomatoes to Rs 70 per kilograms from Thursday from Rs 80 per kg now to provide relief to common man from high retail prices.

The Indian government is reportedly working on a new multibillion-dollar subsidy scheme for companies making electricity grid batteries as part of its transition to clean energy. The draft proposal for a production-linked incentive subsidy scheme would offer Rs. 216 billion ($2.63 billion) from this year through to 2030 for companies to set up manu...

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 ...

Delhi government's Secretary of Planning Department Niharika Rai said on Tuesday public services, social welfare schemes, and subsidies are "not affected" following reports that after the arrest of Arvind Kejriwal such services will be "stopped."

TSMC will get up to more subsidies from the government of Japan in order to help the chipmaker build a second fabrication plant in Japan. The company will receive 732 billion yen ($4.86 billion) more in subsidies from Japan. TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year.

The Narendra Modi government does not believe in empowering people throught their schemes and subsidies and not entitling them, Finance Minister Nirmala Sitharaman told NDTV, in her first post-budget interview to a private channel.

After the Federal Communications Commission (FCC) declined to give Starlink nearly $900 million in subsidies, Elon Musk's mother accused US President Joe Biden of hating her son's attempts to "make this world a better place".

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.

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.

The centre is considering spending Rs 60,000 crores ($7.2 billion) to provide subsidised loans for small urban housing over the next five years, two government sources told Reuters.

Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. In a surprise move in May, the government, without explanation, slashed cash incentives on the vehicles to a maxim...

Assam Chief Minister Himanta Biswa Sarma on Thursday said he was willing to accept any punishment, including retirement from public life, if there is any evidence that his wife has received or claimed any amount from the government of India.

A police case has been filed against a senior journalist and a Hindi news channel on charges of spreading misinformation about a subsidy scheme launched by the Karnataka government to benefit minority communities.

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...

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.

The Union government has reduced prices of subsidised tomatoes to Rs 70 per kilograms from Thursday from Rs 80 per kg now to provide relief to common man from high retail prices.

The Indian government is reportedly working on a new multibillion-dollar subsidy scheme for companies making electricity grid batteries as part of its transition to clean energy. The draft proposal for a production-linked incentive subsidy scheme would offer Rs. 216 billion ($2.63 billion) from this year through to 2030 for companies to set up manu...

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 ...