Subsidy

Govt likely to offer 35% subsidy for goods transport on inland waterways

This incentive will be provided only for long-haul movements on waterways - distances greater than 300 km - and will exclude any expenditure incurred on the first and last mile journeys

PLI scheme subsidy payouts to eligible companies remain in the slow lane

The government has disbursed close to Rs 4,000 crore or around a fourth of its annual subsidy payment estimate to the eligible beneficiaries under the 14 PLI schemes

Subsidy for cargo electric 3-wheelers restored, cap halved to Rs 25k

By reallocating the FY26 budget to support vehicles sold after November 8, 2024, the ministry aims to strike a balance between maintaining momentum in EV adoption and adhering to fiscal limits

Subsidy fuel running low, electric two-wheeler firms race against time

With sales surpassing 100,000 in October, companies expect the trend to continue until March 31, 2025

Govt starts Phase-II of subsidised wheat flour, rice sale under 'Bharat'

The government on Tuesday launched phase-II retail sales of wheat flour and rice under the Bharat brand at subsidised rates to provide relief to consumers from high prices. Wheat flour (atta) will be sold at Rs 30 per kg and rice at Rs 34 per kg in 5kg and 10kg packets through cooperatives NCCF, Nafed and Kendriya Bhandar and e-commerce platforms. "This is a temporary intervention to provide relief to consumers," Food Minister Pralhad Joshi said after flagging off the mobile vans of these cooperatives. The government has allocated 3.69 lakh tonne of wheat and 2.91 lakh tonne of rice from the Food Corporation of India (FCI) for the phase-2 retail intervention under the Price Stabilisation Fund. "This intervention will continue till the allocated stock gets exhausted. If more (is) required, we have enough stock and will allocate again," Joshi said. Under the new pricing structure, wheat flour will be available in 5kg and 10kg packs at Rs 30 per kg, while rice will be sold at Rs 34 p

Focus on quality, export competitiveness won't come from subsidies: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday asked the industry to focus on making high quality products to tap global markets as export competitiveness will not come from government subsidies or support. He also said that the government is putting its effort to nudge industry to get into the manufacturing of high quality products as it is a "tough" task to get industry to accept that they should be making quality goods. Initially, the government faced a huge amount of opposition from the industry on quality control orders. "Our export competitiveness is not going to come from subsidies or government support. It is not going to come from our closing the doors to the rest of the world. If we are looking at self-reliant India, it can only happen when India will be self-confident and that confidence will only come when we all decide that quality is not our job, it is our duty," the minister said. He added that if the Indian industry is not competitive in any product, that

Timely subsidy payment uncertain as funds needed for Ladki Bahin: Gadkari

Union minister Nitin Gadkari has said the Maharashtra government's Ladki Bahin scheme, introduced to provide financial assistance to women, could affect the timely payment of subsidies in other sectors. Latching onto the BJP leader's comments, the opposition NCP (SP) and Shiv Sena (UBT) said if those in the government were saying the state's economy is in distress, then it is a matter of concern. Under the state government's flagship 'Mukhyamantri Majhi Ladki Bahin Yojana', married, divorced, and destitute women aged 21-65 will receive Rs 1,500 per month, with the annual family income of beneficiaries capped at Rs 2.5 lakh. The scheme, introduced ahead of the upcoming Maharashtra assembly polls, is expected to cost the state exchequer Rs 46,000 crore annually. Addressing a public event in Maharashtra's Nagpur on Sunday, Gadkari said, "It is uncertain whether investors will receive their subsidy payment on time, as the government also has to allocate funds for the Ladki Bahin ...

Semicon 2.0 scheme to raise subsidies; large chip design firms to benefit

Under the Semiconductor Incentive Scheme 2.0, the subsidy amount is likely to increase beyond the current limit

New EV scheme offers Rs 10,000 for 2-wheelers, Rs 50,000 for 3-wheelers

The new scheme fixes past FAME issues, addressing problems with imported vehicles and improper subsidy claims for domestically produced EVs

Odisha govt gave subsidy of Rs 154 cr to EV owners since FY23: Bibhuti Jena

The Odisha government has so far provided subsidy of Rs 154.27 crore to electric vehicle owners since the 2022-23 financial year, a minister said on Thursday. The sale of EVs has also shown an increasing trend in Odisha, after the government started giving subsidy from September 1, 2021, Transport Minister Bibhuti Bhusan Jena said. Jena said this in a written statement in the assembly. The state government has so far distributed a subsidy of Rs 154.27 crore to EV owners since the 2022-23 financial year, Jena said. While a subsidy of Rs 8.83 crore was disbursed during 2022-23, it was increased to Rs 57.21 crore during 2023-24. The Odisha government has provided subsidy for 14,182 EVs registered during the fiscal year 2022-23, which rose to 36,518 during 2023-24, it said. During 2024-25 till August, the Odisha government has already distributed subsidies for 38,766 EVs registered in the state, the statement said. The state is providing a maximum subsidy of Rs 20,000 for each two-w

Budget 2024: Subsidies likely to remain same, rural funding may rise

The Budget is anticipated to be unveiled in the third week of July. The NDA 3.0 administration might strengthen specific welfare-oriented schemes, prioritising fiscal prudence

Delhi govt seeks L-G's nod on decision extending power subsidy to 2024-25

The Delhi government has sent the file of Cabinet decision to continue electricity subsidy scheme in 2024-25 for approval of Lieutenant Governor VK Saxena, government officials on Saturday said. The Delhi Cabinet on Thursday last approved the scheme for providing free electricity supply to consumers with monthly 200 units and 50 percent subsidy to those having 201-400 units consumption per month. However, Chief Minister Arvind Kejriwal speaking in the Assembly on Saturday on his government's budget for 2024-25 alleged that the BJP wanted to send him to jail and stop good works of his government like free electricity scheme and shut down Mohalla Clinics and hospitals. Finance Minister Atishi presented the Kejriwal government's budget with total outlays of Rs 76,000 crore in the Delhi Assembly on Monday. In Delhi, nearly 22 lakh families who consume up to 200 units of electricity will continue to get zero amount bills. Earlier, the chief minister after the Cabinet's decision to exte

Govt extends subsidy on cooking gas by a year at Rs 12,000 cr cost

Modi's government already hiked the subsidy for low income households twice last year to 300 rupees per liquefied petroleum gas (LPG) cylinder from 200 rupees earlier to rein in inflation

Cabinet clears hike in sugarcane FRP by Rs 25 to Rs 340 per quintal

The government on Wednesday announced hiking the sugarcane FRP by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. Fair and Remunerative Price (FRP) is the minimum price that mills have to pay to sugarcane growers. The decision to increase the FRP of sugarcane was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi. The Rs 25 per quintal hike is the highest by the Modi government and the move comes ahead of the general elections. Sugarcane is grown mainly in Maharashtra, Uttar Pradesh, and Karnataka. "Keeping in view interest of sugarcane farmers (GannaKisan), the Cabinet Committee on Economic Affairs has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2024-25 (October - September) at Rs 340 per quintal for a basic recovery rate of 10.25 per cent," I&B Minister Anurag Thakur said at a media briefing. The FRP has been determined on the basis of recommendations of the ...

With second PLI certification, IPO-bound Ola Electric eyes 13% subsidy

Ola Electric is the only two-wheeler electric company to receive a nod as incumbents struggle with localization standards

Fertiliser subsidy bill likely to be within FY24 BE: Minister Mandaviya

He said actual subsidy expenditure would have been lower if freight charges had not risen due to Red Sea crisis

No proposal to provide subsidy on import duty on EVs into India yet: Govt

There is no proposal to provide subsidy on import duty on imports of electric vehicles into the country, Parliament was informed on Wednesday. Minister of State for Commerce and Industry Som Parkash said the government has taken a series of policy initiatives and measures to create a conducive ecosystem to promote industrialisation and domestic value addition and to make India globally competitive. The government has also taken various steps to boost domestic and foreign investments in India to enhance local value addition under Make in India initiative, the minister said in a written reply to the Lok Sabha. "Presently, there is no proposal either to provide exemption from local value addition cost or to provide subsidy on import duty on import of electric vehicles in India," Parkash said. He also informed that the government has launched the Production Linked Incentive (PLI) scheme for automobile and auto component industry with a budgetary outlay of Rs 25,938 crore to provide ...

Despite subsidies, Budget maths sticks as Sitharaman enters home stretch

A crucial decision government has to take is whether to stick to the FY23 expenditure level or top it this year

India's subsidies may cost the govt Rs 50,000 cr more than its FY24 Budget

The subsidy outgo for FY24 was planned at Rs 4.03 trillion, but it could rise up to Rs 4.53 trillion

Greaves Electric Mobility refunds Rs 124 crore FAME-II subsidy to MHI

Greaves is among the seven electric two-wheelers (e2W) makers accused by the government of selling vehicles without complying with the localisation mandate