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
Switzerland has completed the ratification process for the India-EFTA Trade and Economic Partnership Agreement (TEPA), paving the way for the landmark deal to come into force in October. The pact, signed in March after nearly 16 years of negotiations, aims to significantly reduce trade barriers and enhance investment flows between India and the four EFTA … Read more
India’s net direct tax collections declined 1.34% year-on-year to Rs 5.63 lakh crore as of July 10, dragged down by a sharp surge in refunds, according to government data released on Friday. Gross tax collections — before adjusting for refunds — rose 3.17% to Rs 6.65 lakh crore during the period, reflecting an underlying improvement … Read more
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
MUMBAI: RBI will conduct a record Rs 2.5-lakh-crore variable rate reverse repo (VRRR) auction on Friday as it seeks to absorb a persistent glut of liquidity in the banking system. This move follows a series of recent VRRR operations that have drained Rs 3 lakh crore, yet the money market surplus remains above Rs 3 … Read more
NEW DELHI: National Highways Authority of India (NHAI) plans to bid out 124 highways and expressway projects worth Rs 3.4 lakh crore in current financial year (2025-26). NHAI has put the entire list of projects in public domain, amid a sense of uncertainty among the highway developers.In last two years, there has been a slowdown … Read more