Government offers up to Rs 9.6 lakh worth of incentives on electric truck purchase

H D Kumaraswamy (File photo) NEW DELHI: Union minister H D Kumaraswamy on Friday launched the first scheme to provide customer facing incentives on purchase of electric trucks of up to Rs 9.6 lakh per vehicle as part of govt’s PM E-DRIVE initiative, which has earmarked Rs 500 crore for electric trucks out of its … Read more

Electric truck push: Government offers up to Rs 9.6 lakh incentive per vehicle under PM E-DRIVE; SAIL to procure 150 e-trucks

The government on Friday launched its first customer-facing incentive scheme for electric trucks under the PM E-DRIVE initiative, offering up to Rs 9.6 lakh per vehicle. The scheme, announced by Union minister H D Kumaraswamy, has earmarked Rs 500 crore for e-truck incentives out of a total Rs 10,900 crore programme outlay.Targeting industries such as … Read more

Trade relief in Singapore: Indian firms to gain from new adaptation grant; US tariffs push government to act

Indian enterprises operating in Singapore are expected to benefit from a new Business Adaptation Grant unveiled by the city-state to help local firms manage the challenges arising from global tariff shifts, including those tied to recent US trade measures.The Singapore Indian Chamber of Commerce and Industry (SICCI) welcomed the government’s announcement, calling the grant a … Read more

Banks to shut inactive Jan Dhan accounts? Government clarifies; check details

NEW DELHI: The Department of Financial Services (DFS) under the Ministry of Finance has refuted media reports claiming it instructed banks to shut dormant Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts. In an official statement issued on July 8, the ministry clarified that no such directive has been given and that the reports are “factually incorrect.”“In … Read more