Subsidy

Cabinet clears Rs 6,268-cr sugar export subsidy; move will help mills in clearing huge sugarcane arrears to farmers

The government on Wednesday announced a Rs 6,268 crore subsidy for export of 6 million tonnes of sugar during the 2019-20 marketing year starting October in order to liquidate surplus domestic stock and help mills in clearing huge sugarcane arrears to farmers

Govt asserts subsidy for promotion of electric mobility will be only for commercial vehicles, not personal usage

The government on Friday asserted that subsidies for the promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included

Government likely to overshoot budget deficit target as tax collections fall short

India’s government is likely to overshoot the budget deficit target previously set for the current fiscal year, three officials have warned, as a slowing economy creates a big shortfall in tax collections and prompts new stimulus plans

Govt considering to give fertiliser subsidy directly to farmers under second phase of DBT scheme

The government is seriously thinking of giving fertiliser subsidy directly to farmers under the second phase of implementation of direct benefit transfer (DBT) scheme, a senior fertiliser ministry official said on Thursday

Govt makes localisation of auto components in e-vehicles mandatory for subsidy benefits, issues draft norms

In January this year, state-owned BHEL had announced that the firm would set up a network of solar-based e-vehicle chargers (SEVC) on the Delhi-Chandigarh highway.

Govt meets fiscal deficit target of 3.4% for FY19 by cutting expenditure, rolled over fuel subsidies

The government has managed to meet the revised fiscal deficit target of 3.4 percent of the GDP after it cut last minute expenditure and rolled over fuel subsidies to make up for the shortfall in tax collection

BJP manifesto: Narendra Modi defies politics of baiting poor with doles, promises steps to alleviate poverty

Narendra Modi seems set to redefine the contours of politics in Lok Sabha Election 2019 by avoiding making any reference to ‘welfarism’

Cabinet likely to clear Rs 10,000 cr FAME II scheme for promotion of electric, hybrid vehicles tomorrow

The Union Cabinet is likely to clear on Thursday a Rs 10,000-crore programme under the FAME-II scheme for promotion of electric and hybrid vehicles

Tata Motors bets big on electric buses as firm bags order for 255 units from various states; to supply 80 e-vehicles to Bengal govt

Tata Motors manufactures electric buses at its Dharwad facility in Karnataka with an initial capacity of producing 125 units a month, which can be ramped up to 200, the official said.

Budget 2019: Piyush Goyal announces 12 crore bonanza for distressed farmers, govt to give Rs 6,000 per year to buy inputs

The Centre announced direct income support of Rs 6,000 per year to farmers holding cultivable land up to two hectare, a move that would benefit 12 crore farmers and cost the exchequer Rs 75,000 crore annually