Indian Government Subsidies
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Air India's '$600 Million In Losses Due To Pak Airspace Ban' Warning: Report
Air India may pay up to $600 million in extra costs after Pakistan shuts its airspace to Indian airlines, news agency Reuters said Thursday evening citing a company letter it had accessed.
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Ather Energy to Accelerate New Launches in India and Foreign Markets
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...
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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 Preparing Multi-Billion-Dollar Subsidy Scheme for Domestic Battery Manufacturing: Report
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...
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EV Firms That Wrongly Took Subsidies To Be Penalised By Government
The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.
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State Governments' Relief Measures To Combat Surging Inflation
At least 10 states have announced over 1 trillion rupees ($12.6 billion), mainly in cash transfers and electricity subsidies, for households to combat inflation, according to government officials.
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GST & Subsidies On Electric Vehicles in India
By offering subsidies, incentives, and advantages to customers and the EV sector as a whole, the Indian government has sown the seed for electric vehicles.
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FAME II Scheme For Electric Vehicles Extended Till March 2024
The Indian government has decided to further extend the second phase of the FAME India scheme for two years till March 2024.
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First Group Of Indian Haj Pilgrims Arrive In Medina
The Haj subsidy provided by the government was removed last year in the light of a Supreme Court order of 2012.
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Greaves Cotton Launches High-Speed Electric Scooter Ampere Zeal
The Ampere Zeal has been launched with Rs. 18,000 subsidy under the Indian government's FAME II policy for electric vehicles. The Ampere Zeal has been priced at Rs. 66,950 (ex-showroom) after subsidy.
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To Control Prices, Government Increases LPG Subsidy To 60 Per Cent
Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.
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90 Per cent Indians Would Opt For An Electric Car Says Survey
Over 50 per cent of respondents also suggested that the government should take initiatives to increase awareness about electric vehicles and provide financial assistance in the form of subsidy and reduced road tax.
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Government Saves Rs 40 Crore As 9 Lakh Senior Citizens Give Up Railway Subsidy
Over 9 lakh senior citizens have voluntarily given up their ticket subsidies under the 'give up' scheme of the Railways, thereby helping the government to save around Rs 40 crore.
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Government Answers Why Chinese Goods Are Cheaper Than Those Made In India
Chinese products are cheaper than Indian goods because of the opaque subsidy regime prevailing in China, the government said today in Parliament.
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Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
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Air India's '$600 Million In Losses Due To Pak Airspace Ban' Warning: Report
Air India may pay up to $600 million in extra costs after Pakistan shuts its airspace to Indian airlines, news agency Reuters said Thursday evening citing a company letter it had accessed.
-
Ather Energy to Accelerate New Launches in India and Foreign Markets
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...
-
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 Preparing Multi-Billion-Dollar Subsidy Scheme for Domestic Battery Manufacturing: Report
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...
-
EV Firms That Wrongly Took Subsidies To Be Penalised By Government
The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.
-
State Governments' Relief Measures To Combat Surging Inflation
At least 10 states have announced over 1 trillion rupees ($12.6 billion), mainly in cash transfers and electricity subsidies, for households to combat inflation, according to government officials.
-
GST & Subsidies On Electric Vehicles in India
By offering subsidies, incentives, and advantages to customers and the EV sector as a whole, the Indian government has sown the seed for electric vehicles.
-
FAME II Scheme For Electric Vehicles Extended Till March 2024
The Indian government has decided to further extend the second phase of the FAME India scheme for two years till March 2024.
-
First Group Of Indian Haj Pilgrims Arrive In Medina
The Haj subsidy provided by the government was removed last year in the light of a Supreme Court order of 2012.
-
Greaves Cotton Launches High-Speed Electric Scooter Ampere Zeal
The Ampere Zeal has been launched with Rs. 18,000 subsidy under the Indian government's FAME II policy for electric vehicles. The Ampere Zeal has been priced at Rs. 66,950 (ex-showroom) after subsidy.
-
To Control Prices, Government Increases LPG Subsidy To 60 Per Cent
Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.
-
90 Per cent Indians Would Opt For An Electric Car Says Survey
Over 50 per cent of respondents also suggested that the government should take initiatives to increase awareness about electric vehicles and provide financial assistance in the form of subsidy and reduced road tax.
-
Government Saves Rs 40 Crore As 9 Lakh Senior Citizens Give Up Railway Subsidy
Over 9 lakh senior citizens have voluntarily given up their ticket subsidies under the 'give up' scheme of the Railways, thereby helping the government to save around Rs 40 crore.
-
Government Answers Why Chinese Goods Are Cheaper Than Those Made In India
Chinese products are cheaper than Indian goods because of the opaque subsidy regime prevailing in China, the government said today in Parliament.
-
Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
