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: 85




NIA Can't Enter AP: Naidu On Jagan Attac...

NIA Can't Enter AP: Naidu On Jagan Attack Case

After preventing CBI from entering AP following the raids on TDP Leaders, CM Chandrababu Naidu declared National Investigation Agency (NIA) can't interfere in the matters related to his state. To the question over NIA handling Jagan Attack Case, Babu replied: 'NIA should come to the state. Centre ha...

17 Jan 2019

Telangana, Andhra govts waive toll tax a...

Telangana, Andhra govts waive toll tax as thousand...

The move is expected to ease long traffic snarls seen at the toll gates on Hyderabad-Vijayawada, Hyderabad-Warangal and other highways since Friday night. With thousands of families living in Hyderabad heading to their native places in both the Telugu states for Sankranti, the Telangana government o...

13 Jan 2019

Hyderabad police seize Chinese manja wor...

Hyderabad police seize Chinese manja worth Rs 10 l...

Over the years, kite flying using Chinese manja (synthetic thread coated with finely crushed glass) has become popular, but it been outlawed as it causes harm to birds. The Hyderabad Police on Saturday conducted simultaneous raids and arrested two people for illegally procuring, stocking and selling...

13 Jan 2019

TRS demands disqualification of 3 MLCs f...

TRS demands disqualification of 3 MLCs for anti-pa...

Council Chairman K Swamy Goud said that he would consult constitutional experts and reserved his decision. The Telangana Rashtra Samithi (TRS) on Saturday presented its argument for the disqualification of three of its MLCs and demanded legal action for 'anti-party' activities as they joined the Con...

13 Jan 2019

Noted banker and AAP leader Meera Sanyal...

Noted banker and AAP leader Meera Sanyal passes aw...

Meera Sanyal had been battling cancer for two years now. Meera Sanyal, AAP leader and former CEO of Royal Bank of Scotland in India, passed away at the age of 57 after a two-year battle with cancer. Meera was born in Kochi in 1961 to Indian Navy Officer Gulab Mohanlal Hiranandani and Banu Hiranandan...

12 Jan 2019

India's second moon mission Chandrayaan-...

India's second moon mission Chandrayaan-2 to be la...

The window to land on the lunar surface is open between March 25 till the end of April, ISRO Chairman K Sivan said. India's second lunar mission Chandrayaan-2 with a lander and rover will be attempted in mid-April, a top space official said on Friday. "We are targeting mid-April to launch Chandrayaa...

12 Jan 2019

How agents trafficking women in Hyderaba...

How agents trafficking women in Hyderabad continue...

Activists working on the ground say that a case is generally registered under Section 420 (Cheating) of the IPC but the agents are let off on bail very easily. It was in October last year that Nasreen Fatima met Ahmadi Begum in Hyderabad’s Shaheen Nagar area. Ahmadi Begum’s daughter used...

11 Jan 2019

GST Council making decision without cons...

GST Council making decision without consulting sta...

"Agenda items should be fixed taking into consideration the requests of the states also," Yanamala Ramakrishnudu said. Andhra Pradesh Finance Minister Yanamala Ramakrishnudu on Thursday lashed out at the Centre and alleged that the Goods and Services Tax (GST) Council was taking decisions unilateral...

11 Jan 2019