Search results for ' Incent'

12 industrial smart cities - A vital cog in India's development journey

12 industrial smart cities - A vital cog in India's development journey

Rediff.com13 Sep 2024

Given the high priority accorded to the manufacturing sector, several policy initiatives around the theme of Atmanirbhar Bharat have been set in motion to address its competitiveness and growth. Some notable examples include the PLI scheme and the employment-linked incentive scheme announced in the recent Union Budget. The Budget also announced the setting up of 12 industrial parks under the National Industrial Corridor Development Programme (NICDP).

Reliance gets Rs 3,620 crore PLI sop for battery plant

Reliance gets Rs 3,620 crore PLI sop for battery plant

Rediff.com4 Sep 2024

Reliance Industries Limited has been granted approval to set up a battery manufacturing facility for up to 10 GW under the Rs 3,620 crore-Production Linked Incentives (PLI) scheme for ACC Battery Storage, the government said on Wednesday. The Ministry of Heavy Industries had received bids from seven bidders under global tender for Production Linked Incentives (PLI) scheme for 10 GWh Advanced Chemistry Cell (ACC) manufacturing, with a maximum budgetary outlay of Rs 3,620 crore, announced on January 24, 2024.

'We Are Voting For The Next Chief Minister'

'We Are Voting For The Next Chief Minister'

Rediff.com27 Sep 2024

A land-owning class, the Jats are a powerful community and account for 28 per cent of Haryana's population. The time, they believe, has now come for them to take revenge.

Meity plans jobs push in proposed electronic components PLI scheme

Meity plans jobs push in proposed electronic components PLI scheme

Rediff.com6 Sep 2024

The Ministry of Electronics and Information Technology (Meity) is looking at a proposal to generate 1.5-2 direct jobs for every Rs 1 crore invested by companies under the proposed electronic components production-linked incentive (PLI) scheme. If this plan fructifies, a Rs 10,000 crore investment under the proposed PLI scheme would bring with it the expectation of creating 15,000-20,000 direct jobs in electronic components sector.

Money Courses To Help Earn Up To Rs 2 Cr

Money Courses To Help Earn Up To Rs 2 Cr

Rediff.com13 Sep 2024

Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.

It's Raining Discounts On Cars!

It's Raining Discounts On Cars!

Rediff.com13 Sep 2024

'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'

EMPS 2024: OEMs can claim incentives twice a month, Aadhaar mandatory

EMPS 2024: OEMs can claim incentives twice a month, Aadhaar mandatory

Rediff.com11 Jul 2024

The government has taken a slew of steps to boost the sales of electric two-wheelers and three-wheelers under its Electric Mobility Promotion Scheme (EMPS) 2024, which includes allowing manufacturers to upload claims twice a month and gives them a 120-day window to submit it. The Rs 500-crore scheme -- which had replaced the flagship Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme-- comes to an end on July 31st.

Which is Better? FDs Or Debt MFs?

Which is Better? FDs Or Debt MFs?

Rediff.com5 Sep 2024

Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.

'Workplace safety key to get more women in labour force'

'Workplace safety key to get more women in labour force'

Rediff.com27 Aug 2024

International Monetary Fund (IMF) Deputy Managing Director (MD) Gita Gopinath has condemned the "terrible and disturbing" incident of rape and murder of a trainee doctor in Kolkata. "Personally, it is terrible to have any event of this kind. It is disturbing," she told Business Standard in New Delhi.

Saving Test Cricket! ICC's multi-million dollar rescue plan

Saving Test Cricket! ICC's multi-million dollar rescue plan

Rediff.com23 Aug 2024

ICC is mulling a dedicated fund of at least US$ 15 million for Test cricket that will help increase the players' match fee and address the migration of talent to T20 leagues.

US Open 2023 prize money: How much do the winners get?

US Open 2023 prize money: How much do the winners get?

Rediff.com21 Aug 2024

Here is what you need to know about the prize pot on offer at the 2024 US

Make Tax Officials Accountable!

Make Tax Officials Accountable!

Rediff.com23 Aug 2024

'Tax officials view most taxpayers as evaders.' 'The I-T department has a perverse incentive to raise unreasonable demands since the one-fifth tax collected counts towards officials' collection targets,' observes Harsh Roongta.

Govt may overhaul PLI schemes: Quarterly incentive payments on the table

Govt may overhaul PLI schemes: Quarterly incentive payments on the table

Rediff.com28 Jun 2024

To burnish production-linked incentive (PLI) schemes, the government is considering an overhaul of some of them relating to sectors such as textiles and pharma, and making incentive payments quarterly, officials in the know said. In a bid to cut the delay in processing incentive claims, the government is looking at switching to a quarterly disbursement of incentives. Currently, in most schemes, incentives are annual.

She Came, She Saw, She Conquered!

She Came, She Saw, She Conquered!

Rediff.com11 Sep 2024

'The consensus was that the debate was between looking backward and looking forward.' 'Trump, with his great enamourment of his own 'achievements,' was obviously looking backward, while Harris, nearly 20 years his junior, was focussing on the future, with hope,' notes Shreekant Sambrani.

Pre-IPO allotments lose favour amid market buoyancy and larger float sizes

Pre-IPO allotments lose favour amid market buoyancy and larger float sizes

Rediff.com21 Aug 2024

Pre-initial public offering (IPO) allotments have lost favour amid buoyancy in the market and increase in average float size this year. After hitting a record high in 2023, they have come to a halt, with just three companies opting for such placements totalling Rs 235 crore. This compares to eight deals worth Rs 648 crore during the same period of the previous year.

'Rates to remain elevated for bulk deposits'

'Rates to remain elevated for bulk deposits'

Rediff.com21 Aug 2024

'In the case of corporate credit, especially to AAA borrowers, lenders will have to take a fresh look at pricing.'

Google Pixel Phones Now Made in India

Google Pixel Phones Now Made in India

Rediff.com16 Aug 2024

'The plan is to assemble most of the new phones in India within three years.'

Why analysts are bullish about Voltas ACs' earnings

Why analysts are bullish about Voltas ACs' earnings

Rediff.com22 Aug 2024

Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments.

Ola Electric's e-bike pricing sparks debate across EV industry

Ola Electric's e-bike pricing sparks debate across EV industry

Rediff.com19 Aug 2024

The launch of a range of electric motorbikes (e-bikes) by Bengaluru-based Ola Electric, a first for the company, has disconcerted the industry because the low price the firm claims to be offering has the potential to disrupt the market. On August 15, Ola unveiled its Roadster series e-bike with a starting-price at Rs 74,999. This new pricing undercuts the previous lowest price in the category, which was Rs 110,000.

Online vs offline retail: Industry divided over Piyush Goyal's comments

Online vs offline retail: Industry divided over Piyush Goyal's comments

Rediff.com22 Aug 2024

Union Minister of Commerce and Industry Piyush Goyal's recent comments on large e-commerce players have reignited the debate about their impact on smaller offline retailers. On Wednesday, Goyal said that the rapid growth of e-commerce in India is a "cause for concern" and is diminishing the market share of small, mom-and-pop stores by offering high-margin products such as consumer electronics and apparel at discounted rates.

Rs 1.82 trn GST from cell phones 5x what PLI allocated

Rs 1.82 trn GST from cell phones 5x what PLI allocated

Rediff.com16 Aug 2024

Goods and services tax (GST) collections from mobile device companies, amounting to Rs 1.82 trillion between 2020-21 (FY21) and 2023-24 (FY24), have already generated more than five times the revenue for the government compared to the Rs 34,149 crore allocated under the production-linked incentive (PLI) scheme for mobile devices over six years ending 2025-26 (FY26). Currently, the GST on mobile devices stands at 18 per cent.

Non-biscuit portfolio key driver of Britannia's growth

Non-biscuit portfolio key driver of Britannia's growth

Rediff.com15 Aug 2024

Britannia Industries reported revenue growth of 4 per cent year-on-year (Y-o-Y) in Q1FY25 and volume growth of 8 per cent implying price trends were adverse. Other operating income jumped 195 per cent, due to the incentive received for the Ranjangaon plant. The non-biscuit portfolio (rusk, cake, bread) remained key to growth and contributed 25 per cent of the total revenue.

India To Fast-Track Visas For Chinese Nationals

India To Fast-Track Visas For Chinese Nationals

Rediff.com8 Aug 2024

The new guidelines, effective from August 1, aim to expedite visa approvals for nationals from China and other countries sharing land borders with India.

How We Can Create Millions Of Jobs

How We Can Create Millions Of Jobs

Rediff.com23 Aug 2024

'Three manufacturing sectors can create jobs by the million: Apparel, food, and electronic assembly.' 'Let's talk to them and ask them what it would take to scale by a factor of ten,' suggests Naushad Forbes.

Can India Inc Absorb 10 Million Interns?

Can India Inc Absorb 10 Million Interns?

Rediff.com14 Aug 2024

'India's top companies currently lack the organisational wherewithal to hire and train 2 million interns annually, given their current scale of operations and existing employee base.'

'Industry Has To Help Us'

'Industry Has To Help Us'

Rediff.com16 Aug 2024

'There will be 200 ITIs developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.'

Why EV sales set roads on fire in July

Why EV sales set roads on fire in July

Rediff.com2 Aug 2024

Sales of electric vehicles (EVs) in July touched 178,948 units, marking the highest monthly sales this financial year. This represents a 27.9 per cent increase from June, which saw 139,905 units sold, according to the Vahan data from the Ministry of Road Transport and Highways. The strong performance in July contributed to more than one million being sold in the first seven months of the calendar year.

'Capital Gains Tax Changes May Impact Investment Behaviour'

'Capital Gains Tax Changes May Impact Investment Behaviour'

Rediff.com5 Aug 2024

'Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest.'

Tata Motors launches mid-sized electric SUV, Curvv at Rs 17.49 lakh

Tata Motors launches mid-sized electric SUV, Curvv at Rs 17.49 lakh

Rediff.com7 Aug 2024

Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a "short-term" issue. In an interaction with PTI at the launch of the company's first mid-sized electric SUV, Curvv.ev, at a starting price of Rs 17.49 lakh (with 45 kWh battery) Shailesh Chandra, managing director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said that the company is looking to achieve one-lakh electric vehicle sales this financial year. Curvv EV is the second car based on the advanced Pure EV architecture - acti.ev, which marks Tata Motors' entry into the highly competitive mid-size SUV segment and will be competing with the likes of MG ZS EV, Hyundai Creta and Maruti Suzuki Grand Vitara, among others.

Your salary, last year, was more than Mukesh Ambani's!

Your salary, last year, was more than Mukesh Ambani's!

Rediff.com7 Aug 2024

Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fourth straight year in a row while his children earned a sitting fee and a commission for being on the board of India's most valuable company. Ambani, 67, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.

'Without incentives people will not purchase EVs'

'Without incentives people will not purchase EVs'

Rediff.com8 Jun 2024

'Wherever the government has provided incentives for the purchase of two-wheelers, three-wheelers, cars, buses, and trucks, it gets a push for most of these alternate fuels. '

Hero Electric, Benling barred from all EV incentive schemes

Hero Electric, Benling barred from all EV incentive schemes

Rediff.com29 May 2024

The Ministry of Heavy Industries (MHI) has debarred Hero Electric and Benling India, two defaulters under its flagship Faster Adoption and Manufacturing of Electric Vehicles in India Phase-II (FAME-II) scheme, from participating in any of its incentive programmes in future. This action follows the ministry's findings that the phased manufacturing programme (PMP) guidelines were violated by these two companies, senior officials told

Action Packed Time For Two-Wheelers!

Action Packed Time For Two-Wheelers!

Rediff.com19 Aug 2024

The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...

Govt cuts customs duty on 3 cancer drugs

Govt cuts customs duty on 3 cancer drugs

Rediff.com23 Jul 2024

The government proposes to cut custom duties on Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 10 per cent to nil.

BSNL bags Rs 82,916 cr from Rs 1.28 lakh cr telecom budget

BSNL bags Rs 82,916 cr from Rs 1.28 lakh cr telecom budget

Rediff.com23 Jul 2024

Of the total proposed allocation, over Rs 1 lakh crore is meant for BSNL and MTNL-related expenses, including Rs 82,916 crore infusion in BSNL for technology upgradation and restructuring at BSNL.

Budget to boost MRO activities in aviation, shipping

Budget to boost MRO activities in aviation, shipping

Rediff.com23 Jul 2024

The government on Tuesday announced certain incentives as part of efforts to boost maintenance, repair and overhaul activities in the country's aviation and shipping sectors. India is one of the fastest growing domestic aviation markets in the world.

Govt to launch 3 employment-linked schemes, says FM

Govt to launch 3 employment-linked schemes, says FM

Rediff.com23 Jul 2024

These schemes will be based on enrolment in Employees' Provident Fund Organization (EPFO), Sitharaman said in the Lok Sabha.

Govt to launch 3 employment-linked schemes, says FM

Govt to launch 3 employment-linked schemes, says FM

Rediff.com23 Jul 2024

These schemes will be based on enrolment in Employees' Provident Fund Organization (EPFO), Sitharaman said in the Lok Sabha.

Auto PLI scheme gets Rs 67,690 cr investment proposals: Survey

Auto PLI scheme gets Rs 67,690 cr investment proposals: Survey

Rediff.com22 Jul 2024

The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has been invested till end-March 2024, it stated. Applicants have proposed employment generation of 1.48 lakh, against which 28,884 of jobs have been generated till March 31, 2024, the Economic Surevy 2023-24 stated.

Vivek Ramawamy Got It Right On Biden Dropping Out

Vivek Ramawamy Got It Right On Biden Dropping Out

Rediff.com22 Jul 2024

Indian-American businessman-turned-politician Vivek Ramaswamy had predicted some eight months ago that incumbent President Joe Biden would not be the presidential nominee of the Democratic Party.