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South Korean government mulls further cut in EV subsidies  The government is considering further cutting electric vehicle (EV) subsidies next year to instead use the funds to supplement insufficient charging infrastructure, sources said on Sunday. According to the sources, government ministries overseeing EV subsidy policy, including the finance and environment ministries, are discussing ways to reduce EV subsidies for next year based on state budget guidelines for 2025. During the discussions, the finance ministry has stressed the need t...
South Korean government mulls further cut in EV subsidies
South Korean government mulls further cut in EV subsidies
Source: IANS
2024-03-31 11:01:23 am
Government provides Rs 1.71 trillion as fertilisers subsidy in April- January: Bhagwanth Khuba Minister of State for Chemicals and Fertilisers Bhagwanth Khuba has said that the government has provided nearly Rs 1.71 trillion as fertilisers subsidy during April-January period of FY24. He said the government provides subsidy on various fertilizers to ensure adequate availability of fertilizers at affordable prices to farmers. The minister noted that the government has implemented Nutrient Based Subsidy (NBS) policy with effect from April 1, 2010, for Phosphatic and Potassic (P&K) ...
Government provides Rs 1.71 trillion as fertilisers subsidy in April- January: Bhagwanth Khuba
Government provides Rs 1.71 trillion as fertilisers subsidy in April- January: Bhagwanth Khuba
Source: Accord Fintech
2024-02-12 11:44:41 am
Curtains for FAME-II subsidy for EVs Good for the industry, says BNC Motors  Come March, it is curtains for the Faster Adoption and Manufacturing of Electric Vehicles in India-II (FAME-II) subsidy scheme for the purchase of electric vehicles (EVs) it seems. Finance Minister Nirmala Sitharaman who presented the Interim Budget on Thursday, was silent on continuation of the scheme while announcing a rooftop solarisation programme which would also propel EV charging infrastructure. The Indian Government had earlier announced that the FAME-II subsidy scheme wou...
Curtains for FAME-II subsidy for EVs Good for the industry, says BNC Motors
Curtains for FAME-II subsidy for EVs Good for the industry, says BNC Motors
Source: IANS
2024-02-02 10:38:10 am
Cabinet approves extension of sugar subsidy scheme for poor by 2 years The Union Cabinet chaired by Prime Minister Narender Modi on Thursday approved the extension of the sugar subsidy scheme for Antyodya Anna Yojna (AAY) families distributed through the Public Distribution Scheme (PDS) for two more years till March 31, 2026. Under the scheme, the Central government gives a subsidy of Rs 18.50 per kg per month of sugar to AAY families of participating states. The approval is expected to extend benefits of more than Rs 1,850 crore during the period of 15th Fin...
Cabinet approves extension of sugar subsidy scheme for poor by 2 years
Cabinet approves extension of sugar subsidy scheme for poor by 2 years
Source: IANS
2024-02-01 04:44:56 pm
Goverment allocates 4.55 trillion rupees for food, fertiliser, employment subsidies  India will spend 4.55 trillion rupees ($54.84 billion) on subsidies for food, fertilisers and rural employment schemes in the fiscal year starting April 1, down 7% from the current financial year, an official budget document showed on Thursday. The Asian country has budgeted food subsidy for the financial year starting April 1 at 2.05 trillion rupees, a decrease of 3.3% from this year's estimated 2.12 trillion rupees. The fertiliser bill declined by 13% to 1.63 trillion rupees...
Goverment allocates 4.55 trillion rupees for food, fertiliser, employment subsidies
Goverment allocates 4.55 trillion rupees for food, fertiliser, employment subsidies
Source: Reuters
2024-02-01 03:48:23 pm