Articles for tag: Accelerate, Adoption, Allocates, Cabinet, Charging, Crore, ebuses, Electric, Emphasizing, Infrastructure, Transformative, Union, Vehicle

September 11, 2024

The Union Cabinet allocates ₹14,335 crore to accelerate electric vehicle adoption, emphasizing e-buses and transformative charging infrastructure.

The Indian government has approved two significant schemes to enhance the use of electric vehicles (EVs) with a total investment of Rs 14,335 crore. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) will replace the earlier FAME scheme, focusing on various electric vehicles like two-wheelers, three-wheelers, ambulances, and trucks, and offer incentives ...

September 11, 2024

Market News

Business

In a largely overlooked revelation, India’s Finance Minister unveiled crucial budget disclosures, signaling impending transformative changes in taxation.

Finance Minister Nirmala Sitharaman’s Budget for 2024-25, presented on July 23 and approved by Parliament on August 8, included an important yet overlooked disclosure found in Statement No 27-A. The 54th Goods and Services Tax (GST) Council meeting made noteworthy decisions to enhance the tax system’s efficiency. However, challenges remain, such as addressing GST on ...

August 31, 2024

Market News

Business

Legacy of Innovation: S M Vaidya’s Transformative Leadership at Indian Oil Ends

S M Vaidya recently stepped down as chairman of Indian Oil Corporation (IOC) after a remarkable tenure that began in July 2020. With over 37 years of experience, he led IOC to impressive growth, boosting net profits from Rs 1,313 crore in FY20 to Rs 39,619 crore in FY24. Revenue also surged from Rs 5,66,354 ...