Government panel proposes sops to promote electric mobility

Government panel proposes sops to promot...

 

Some of these recommendations include lowering customs duty on the components for electric vehicles, and the corresponding decrease in rate of GST.

Further stressing its intentions on achieving the target of 30% e-vehicles being registered in the county by 2030, the government has announced a few steps in the sector. The latest development is a report submitted by a panel appointed by the government which has made its recommendations. Some of these recommendations include lowering the customs duty on the components for the electric vehicles, and the corresponding decrease in the rate of GST. The panel says the rates being charged for registration of the vehicles as well as the road tax and even the parking fees, be reduced for the e-vehicles. The panel is headed by none other than the Cabinet Secretary himself.

A meeting is being held at the Prime Minister’s Office on January 9 to consider the recommendations of the panel.

Department of Revenue, Department of Heavy Industries and the Ministry of Road Transport and Highways will be the nodal entities to implement the decisions being made at this high-powered meeting. The Niti Aayog will monitor the activities of these departments in the matter.

As already reported, this is not the first time the government has initiated policy decisions in the e-mobility space. One of them relates to the use of the government’s own e-marketplace, GeM, to collect the requirements of vehicles across the different government departments throughout the country and then negotiate with the sellers for bulk-ordering of e-vehicles. Already, there is a directive that all government vehicles being purchased in the future should be ‘green’ vehicles.

There is the Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) for which the government has made an allocation of Rs 895 crore.

In addition, the government has allocated an amount of Rs 500 crore for setting up a venture capital fund that can help in funding projects and startups engaged in manufacturing zero-emission vehicles and doing research in the sector.

All types of electric vehicles, like 2-wheelers, 3-wheelers and 4-wheelers will be eligible for subsidies.

 


PostedOn: 10 Jan 2019 Total Views: 143




16-year-old drowns in swimming pool

16-year-old drowns in swimming pool

A 16-year-old drowned in a swimming pool on Thursday afternoon under the Medipally police station limits. The cops booked a case of death due to negligence against swimming pool owner Naveen Reddy. According Medipally inspector Anji Reddy, the victim, Bagawan Bai, hailing from Rajasthan, came to the...

22 Mar 2019

UK court denies bail to Nirav Modi, will...

UK court denies bail to Nirav Modi, will be in cus...

UK court on Wednesday denied bail to Fugitive businessman Nirav Modi and remanded him in custody till March 29. UK judge said, "Substantial grounds to believe Nirav Modi would fail to surrender if granted bail." Nirav Modi was arrested and produced before Westminster Magistrates' Court in London. Th...

20 Mar 2019

Hitec City metro to be flagged off tomor...

Hitec City metro to be flagged off tomorrow

The 10-km Ameerpet-Hitec City Metro Rail service will become operational from March 20. The service will be flagged off from the Ameerpet station by Governor E.S.L. Narasimhan in the morning. With the Hitec City Metro Rail station not having a reverse facility, the trains will be operated in the &ls...

19 Mar 2019

Jet crisis escalates as govt steps in, p...

Jet crisis escalates as govt steps in, pilots thre...

The pilots of beleaguered Jet Airways on Tuesday threatened to stop flying from April 1 if their pending salaries are not cleared by March-end. In a statement, the National Aviators Guild, the registered pilots' union of Jet Airways said: "If there is no proper clarity on resolution process for sala...

19 Mar 2019

Mumbai bridge collapse: Structural audit...

Mumbai bridge collapse: Structural auditor sent in...

Structural auditor Neerajkumar Desai, arrested in connection with the last week's foot over- bridge (FOB) collapse here that left six people dead, was Tuesday sent to police custody till March 25, police said. Desai, arrested Monday, was produced in Killa court in south Mumbai this afternoon and he ...

19 Mar 2019

Prashant Kishor lashes out at Chandrabab...

Prashant Kishor lashes out at Chandrababu Naidu fo...

Poll strategist-turned-politician Prashant Kishor Tuesday lashed out at Andhra Pradesh Chief Minister Chandrababu Naidu for reportedly calling him a "Bihari dacoit". He charged the TDP chief with having displayed "prejudice and malice" against the eastern state fearing an "imminent defeat" at the hu...

19 Mar 2019

'Gunman mailed manifesto 9 mins before a...

'Gunman mailed manifesto 9 mins before attack': NZ...

New Zealand Prime Minister Jacinda Ardern said her office received a "manifesto" from the gunman suspected of killing 50 people in two Christchurch mosques minutes before Friday's attack. "I was one of more than 30 recipients of the manifesto that was mailed out nine minutes before the attack took p...

17 Mar 2019

Verifiable evidence given, hand over Daw...

Verifiable evidence given, hand over Dawood, Salah...

Pakistan must hand over wanted criminals Dawood Ibrahim and Sayeed Salahudeen to India, sources said adding that verifiable evidence has been shared with Islamabad. "New Delhi knows there are a number of Indians in Pakistan. Islamabad should hand over these Indians who are in our wanted list and in ...

16 Mar 2019