Main News
FAME-II Program Revised with Increased Incentives for Electric Two-Wheelers
The Department of Heavy Industries has announced partial amendments to the Faster Adoption and Manufacturing of Electric Vehicles in India Phase-II (FAME-II) program. Specific demand incentive for electric two-wheelers (E2W) of ?15,000 (~$205)/kWh has now been announced. Earlier, there was a uniform demand incentive of ?10000 ($137)/KWh for all vehicles. Also, the cap on incentive for E2W has been raised to 40% of the total cost of the vehicles. The cap earlier was 20% for all vehicles including E2W. Demand aggregation is identified as the key to bringing down the upfront cost of electric three-wheeler electrics, on par with the internal combustion engine vehicles for multiple user segments.
India’s Trade Performance Resilient during 2020-21
The Indian Economy has shown significant resilience amidst the global pandemic and trade shock that began to impact the global economy towards the end of 2019-20 and acquired catastrophic proportions in 2020-21. Secretary, Department of Commerce, Government of India said during the virtual media interaction that the cumulative value of overall exports (merchandise & services) during April-March 2020-21 has been estimated at USD 493.19 Billion compared to USD 528.37 Billion during April-March 2019-20, registering a negative growth of (-) 6.66 percent.
Niti Aayog launches India Energy Dashboards Version 2.0 focused on data
With an aim to provide single-window access to energy data for the country, government think tank Niti Aayog on Monday launched India Energy Dashboards (IED) Version 2.0, according to an official statement. While launching the IED, Niti Aayog Vice Chairman Rajiv Kumar said that it is an endeavour to establish a central energy database of the country. "With the rise of renewables and many other new energy technologies, the interplays between energy supply and demand sectors are now becoming increasingly critical," he said adding that the scenario building exercise is the key as India needs to seize today's opportunities to build a sustainable tomorrow.
MoRTH/Railway ministry Notifications
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Ministry of Road Transport & Highways Issues Draft Notification, proposing to exempt Battery Operated Vehicles (BOV) from payment of fee for issue or renewal of Registration Certificate (RC). Read more>>
Railway Ministry issued following notifications:
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Misclassification of Goods as Works in procurement. Read more>>
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PPP-MII Order, 2017- Clarification regarding local content calculation for imported products.