Governance

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PM Releases 8th Instalment of Financial Benefit Under PM-KISAN

Prime Minister Shri Narendra Modi released 8th instalment of financial benefit of Rs 2,06,67,75,66,000 to 9,50,67,601 beneficiary farmers under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme today via video conferencing. Prime Minister also interacted with farmer beneficiaries during the event. Union Agriculture Minister was also present on the occasion.

Indian Standards for Low-cost AC Charge Point (LAC) to be Released

The objectives of India’s Transformative Mobility program for promoting EVs are to reduce carbon emissions, improve air quality and to reduce the dependence on import of crude oil. The several initiative taken by by the NITI-Aayog (Mission for Transformative Mobility and Battery Storage) and the launch of FAME-2 incentives are intended to stimulate the production and demand for EVs in India. Yet, the consumer adoption of EVs will also depend on the easy availability of EV charging infrastructure. Potential buyers must be confident of finding chargers for their vehicles when they are away from home.

Cabinet Approves Production Linked Incentive scheme “National Programme on Advanced Chemistry Cell Battery Storage”

The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the proposal of Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC and 5 GWh of “Niche” ACC with an outlay of Rs.18,100 crore.

Indian Agarbatti to Go Global , to Bring Back Livelihoods for Local Communities

The agarbatti sector traditionally provided large scale employment to the local workforce, which however dwindled due to various factors including the ingress of cheap imports of round sticks and raw batti. A comprehensive study was carried out by NBM in 2019 following which policy measures taken by the Government of moving raw batti imports from free to restricted category in Aug 2019 and increasing import duty on round stick uniformly to 25% in June 2020 came as a boost to the domestic units.