Cash Incentives
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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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Kamal Nath Forcing Priyanka Gandhi To Make False Announcements: Shivraj Singh Chouhan
Chouhan said that when Priyanka announced that education in MP would be free from Classes 1-12 if her party was voted to power, Kamal Nath went up to her and asked her to make some corrections.
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Ather Energy to Accelerate New Launches in India and Foreign Markets
Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. In a surprise move in May, the government, without explanation, slashed cash incentives on the vehicles to a maxim...
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Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
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Centre Refused To Share Funds For Farmers To Stop Stubble Burning: Punjab
Punjab Chief Minister Bhagwant Mann on Saturday said the centre has turned down the state government's proposal of contributing to the cash incentive to farmers for not burning stubble.
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Arvind Kejriwal Reveals Punjab's Suggestion To Reduce Stubble Burning
It suggested that farmers should get cash incentives at the rate of Rs 2,500 per acre for not burning stubble. Punjab and Delhi governments should contribute Rs 500 each for this, and the Centre should contribute the remaining Rs 1,500, it said.
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Air India Reduces Age Of Voluntary Retirement, Offers Cash Incentive
In an apparent bid to encourage a significant section of its employees to voluntarily retire, Air India on Wednesday reduced the eligibility age from 55 to 40 and announced cash incentive.
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Uber Said to Cut Marketing Costs, Slow Down Hiring: Report
Uber will reportedly scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from chief executive officer Dara Khosrowshahi.
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JSW Group Employees To Get Cash Incentive For Buying Electric Vehicles
JSW Group has said that it will give up to Rs 3 lakh as incentive to its employees for buying electric vehicles across India from January 1, 2022
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Central Government Rolled Out Good Samaritan Scheme For Road Accidents, States Yet To Avail It: Report
The Centre amended the Motor Vehicle Act to add cash incentives and identity protection for Good Samaritans that help road accident victims. However, the states are yet to implement the same.
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Tokyo Olympics: Sports Minister Anurag Thakur Promises Expansion Of TOPS, Neeraj Chopra And Co. Receive Cash Incentives
Tokyo Olympics: Anurag Thakur was speaking during a felicitation programme organised by IOA for the triumphant Indian athletes.
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Rajasthan EV Policy 2021: State Government To Offer Subsidies Of Up To Rs. 20,000 On EVs
The state government will subsidise the upfront cost of electric vehicles (EVs) for early adopters by reimbursing the state goods and service tax (SGST) and extending a one-time incentive, depending upon the battery capacity of the EV sold.
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Rs 1 Lakh For Parents With Highest Number Of Children: Mizoram Minister
A Mizoram minister has announced a cash incentive of Rs 1 lakh to a living parent with the highest number of children in his constituency to encourage population growth among the demographically small Mizo communities.
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Uber India Announces Cash Incentives For Vaccinating First Batch Of 150,000 Drivers
Uber has unveiled a Rs. 18.5 crore initiative to get 150,000 drivers on its platform vaccinated over the next six months, stepping up its efforts to help India's fight against a second wave of COVID-19 infections.
-
Apple Suppliers Foxconn, Wistron, Pegatron Said to Commit $900 Million to India Smartphone Incentive Plan
Three of Apple's top contract manufacturers plan to invest a total of almost $900 million (roughly Rs. 6,630 crores) in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
Kamal Nath Forcing Priyanka Gandhi To Make False Announcements: Shivraj Singh Chouhan
Chouhan said that when Priyanka announced that education in MP would be free from Classes 1-12 if her party was voted to power, Kamal Nath went up to her and asked her to make some corrections.
-
Ather Energy to Accelerate New Launches in India and Foreign Markets
Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. In a surprise move in May, the government, without explanation, slashed cash incentives on the vehicles to a maxim...
-
Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
-
Centre Refused To Share Funds For Farmers To Stop Stubble Burning: Punjab
Punjab Chief Minister Bhagwant Mann on Saturday said the centre has turned down the state government's proposal of contributing to the cash incentive to farmers for not burning stubble.
-
Arvind Kejriwal Reveals Punjab's Suggestion To Reduce Stubble Burning
It suggested that farmers should get cash incentives at the rate of Rs 2,500 per acre for not burning stubble. Punjab and Delhi governments should contribute Rs 500 each for this, and the Centre should contribute the remaining Rs 1,500, it said.
-
Air India Reduces Age Of Voluntary Retirement, Offers Cash Incentive
In an apparent bid to encourage a significant section of its employees to voluntarily retire, Air India on Wednesday reduced the eligibility age from 55 to 40 and announced cash incentive.
-
Uber Said to Cut Marketing Costs, Slow Down Hiring: Report
Uber will reportedly scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from chief executive officer Dara Khosrowshahi.
-
JSW Group Employees To Get Cash Incentive For Buying Electric Vehicles
JSW Group has said that it will give up to Rs 3 lakh as incentive to its employees for buying electric vehicles across India from January 1, 2022
-
Central Government Rolled Out Good Samaritan Scheme For Road Accidents, States Yet To Avail It: Report
The Centre amended the Motor Vehicle Act to add cash incentives and identity protection for Good Samaritans that help road accident victims. However, the states are yet to implement the same.
-
Tokyo Olympics: Sports Minister Anurag Thakur Promises Expansion Of TOPS, Neeraj Chopra And Co. Receive Cash Incentives
Tokyo Olympics: Anurag Thakur was speaking during a felicitation programme organised by IOA for the triumphant Indian athletes.
-
Rajasthan EV Policy 2021: State Government To Offer Subsidies Of Up To Rs. 20,000 On EVs
The state government will subsidise the upfront cost of electric vehicles (EVs) for early adopters by reimbursing the state goods and service tax (SGST) and extending a one-time incentive, depending upon the battery capacity of the EV sold.
-
Rs 1 Lakh For Parents With Highest Number Of Children: Mizoram Minister
A Mizoram minister has announced a cash incentive of Rs 1 lakh to a living parent with the highest number of children in his constituency to encourage population growth among the demographically small Mizo communities.
-
Uber India Announces Cash Incentives For Vaccinating First Batch Of 150,000 Drivers
Uber has unveiled a Rs. 18.5 crore initiative to get 150,000 drivers on its platform vaccinated over the next six months, stepping up its efforts to help India's fight against a second wave of COVID-19 infections.
-
Apple Suppliers Foxconn, Wistron, Pegatron Said to Commit $900 Million to India Smartphone Incentive Plan
Three of Apple's top contract manufacturers plan to invest a total of almost $900 million (roughly Rs. 6,630 crores) in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.
