Governance

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India’s EV Financing Industry Projected to be Worth Rs. 3.7 lakh crore in 2030

NITI Aayog and Rocky Mountain Institute (RMI) India released a new report ‘Mobilising Electric Vehicle Financing in India’, which highlights the role of finance in the India’s transition to electric vehicles (EVs) and analyses that the transition will require a cumulative capital investment of US$ 266 billion (Rs. 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next decade.

Indian Government Changes Rules for OCI Cardholders

Indian government on Thursday changed rules for Overseas Citizen of India (OCI) cardholders. As per the new rules, any OCI cardholder who wishes to be involved in missionary, ‘tablighi’ or journalistic activities, he will have to obtain a special permission from the government. India’s Ministry of Home Affairs made the announcement in this regard.

EPFO Extended Social Security Benefits to the Subscribers of J&K and Ladakh

Consequent upon implementation of EPF & MP Act, 1952 in the UTs of J&K and Ladakh w.e.f. 31st October, 2019, EPFO has extended its provident fund, pension and insurance benefits to all employees of existing establishments covered under the erstwhile JK PF Act as well as the employees of newly covered establishments. EPFO has set up Regional Offices at Srinagar, Jammu and facilitation center at Leh.