Auto Sector-2021

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Auto Sector-2021 - Total results - 13
Union Budget 2021: Vehicle scrappage policy will boost automobile industry, curb pollution issues
Business

Union Budget 2021: Vehicle scrappage policy will boost automobile industry, curb pollution issues

The auto sector is enthused by the government's move on long-awaited scrappage policy and focus on better road infrastructure

This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
Business

This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy

The best part of Union Budget 2021, however, is that Nirmala Sitharaman resisted the temptation to slap more cess, surcharges on the taxpaying citizens and refrained from imposing a ‘wealth tax’ to raise revenue.

Union Budget 2021: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support
Business

Union Budget 2021: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support

Hospitality and Tourism roughly account for 10 percent of India's GDP and employ nearly 9 percent of India's working population and yet, it failed to find space in the Union Budget, FHRAI vice-president Gurbaxish Singh Kohli said

Union Budget 2021: Nirmala Sitharaman aims to raise resources without raising taxes; a bold step
Business

Union Budget 2021: Nirmala Sitharaman aims to raise resources without raising taxes; a bold step

From a consumer and healthcare perspective, Union Budget 2021 has a lot of positives. On the healthcare side, COVID-19 pandemic had brought to light India's underspend in healthcare. Budget 2021 has done well by allocating over Rs 2 trillion holistically towards the health sector, a handsome increase of 137 percent.

Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Business

Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI

Finance Minister Nirmala Sitharaman on Monday delivered her third Budget speech in the Parliament. Here's the full text of her speech in Lok Sabha

Budget 2021: Finance Minister Nirmala Sitharaman announces new voluntary vehicle scrappage policy
India

Budget 2021: Finance Minister Nirmala Sitharaman announces new voluntary vehicle scrappage policy

As per this policy, personal vehicles over 20 years old and commercial vehicles over 15 years old would undergo automated fitness tests.

Union Budget 2021:  Auto sector expects relief in custom duties; EV units seek tax holiday
Business

Union Budget 2021: Auto sector expects relief in custom duties; EV units seek tax holiday

The auto industry expects relief from the Union Budget 2021 in multiple areas including direct and indirect taxation

Union Budget 2021: Policies, regulations must be extended to farm-based EVs
Business

Union Budget 2021: Policies, regulations must be extended to farm-based EVs

In order to develop the agriculture sector, significant policies and regulations must be extended to farm-based EVs in national as well as local contexts

Union Budget 2021: Auto industry optimistic about recovery from pandemic; expects cut in GST rates
Business

Union Budget 2021: Auto industry optimistic about recovery from pandemic; expects cut in GST rates

The removal of restrictions to avail the input tax credit of GST paid on automobiles for businesses would make vehicles more affordable when used for business purposes, besides fulfilling the basic intention of GST to eliminate cascading of taxes.

Union Budget 2021: Defer timelines for Phased Manufacturing Program for EVs, automakers need time to set up facilities
Business

Union Budget 2021: Defer timelines for Phased Manufacturing Program for EVs, automakers need time to set up facilities

Incentives on scrapping old vehicles and replacing them with revised emission norms compliant vehicles will catalyse automotive production and sales.

Union Budget 2021: Society of Manufacturers of Electric Vehicles calls for rejig of FAME II
Business

Union Budget 2021: Society of Manufacturers of Electric Vehicles calls for rejig of FAME II

The Rs 10,000-crore FAME-II scheme, which is to be implemented over a period of three years, came into effect from 1 April, 2019

Union Budget 2021: Auto dealers' body demands depreciation benefits for individual taxpayers
India

Union Budget 2021: Auto dealers' body demands depreciation benefits for individual taxpayers

In its Budget recommendations, the Federation of Automobile Dealers Associations also said auto dealers should be kept out of annual tax collected at source of 0.1%

Union Budget 2021: From going paperless to no briefcase, 5 differences in the way it will be presented this year
India

Union Budget 2021: From going paperless to no briefcase, 5 differences in the way it will be presented this year

The Union Budget will be presented against the backdrop of the economy in recession due to COVID-19