The government has fostered significant investment and innovation in the EV sector through schemes like the Production Linked Incentive (PLI).
What's Happening?
On September 15, 2021, the government implemented the PLI scheme for the EV sector with an approved budget of Rs 25,938 crore over five years. So far, 50 out of 74 applications received from automakers under this scheme have been approved.
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SECI bars Ambani
Solar Energy Corp of India has barred Anil Ambani group Reliance Power Ltd. and its units from participating in auctions for three years, alleging that a subsidiary submitted fake bank guarantee to back its bid for battery storage tender.
Spectrum roll out for Musk?
In a boost to Elon Musk's Starlink, Communications Minister Jyotiraditya Scindia has said the spectrum for satellite broadband will be allocated and not auctioned as sought by Indian billionaires Mukesh Ambani and Sunil Mittal. The satellite broadband spectrum will however be not given free and sector regulator Trai will fix a price for the resource, he told PTI in a text and video interview.
Rahul says he is pro-business
Congress leader Rahul Gandhi, in a video statement on Thursday, clarified his stance on business, asserting he is not \"antibusiness\" as portrayed by the BJP, but rather \"antimonopoly.\"
Bangla Hindus feel the heat in Chittagong
Tensions have escalated sharply in Chittagong, a major port city in Bangladesh, following violent confrontations between the local Hindu community and security forces.
Jet flies into sunset
It will be the end of an era as Jet Airways fades into oblivion with the Supreme Court ordering liquidation of its assets. Along with the assets, it will be requiem for nostalgic moments of luxury, service, and ambition.
'Treat us with respect, don't be paternalistic'
F1 drivers unite to berate their governing body, write open letter
Chepauk very good; Kanpur unsatisfactory, rest just okay
ICC RATES INDIAN PITCHES
WHY THE SKY IS BLUE
His pathbreaking achievement boiled down to the simple question: \"Why the sky is blue?\" In his quest to reach the answer, Sir C.V. Raman went on beyond Sir Isaac Newton's discovery of the constitution of light to find out what ensues when light encounters matter.
Homage paid to setting sun
CHHATH CELEBRATED ACROSS INDIA
Biden assures peaceful transfer of power
ASKING AMERICANS TO ACCEPT POLL VERDICT
