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IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
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India Trade Department Backs Lower Tax On Hybrid Cars In Green Push
India's trade department has backed lowering taxes on hybrid vehicles to help the transition to cleaner energy sources, following demands by Japanese car makers, five government and industry sources told Reuters.
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India Considering Domestic Tax Options To Deal With EU's Carbon Tax: Minister
Commerce and Industry Minister Piyush Goyal on Thursday indicated that India is mulling a domestic tax option on certain sectors and using that levy to support the green energy transition to deal with the European Union's carbon tax.
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Himachal Floods: 11 Passengers Of Punjab Roadways Bus Still Missing, 3 Bodies Recovered In Shimla
The wreckage of the Pepsu Roadways Transport Corporation (PRTC) bus was found 300 meters down from the green tax barrier of the Allo (potato) ground in the middle of the Beas river in Manali on Saturday.
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EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
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US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
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Maruti Suzuki Believes Government Will Support ‘Green’ Tech Beyond EVs, CEO Says
Maruti Suzuki, the country’s top-selling carmaker, said it believes that the government will support “green” vehicle technologies beyond EVs. The company recently unveiled its strong hybrid car in India, the Grand Vitara SUV, aimed at competing with Kia and Hyundai. CEO Hisashi Takeuchi said he thought government support would be forthcoming,...
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West Bengal's Green Energy Push With These New Exemptions
The West Bengal Friday announced exemption of registration fees, motor vehicle and additional taxes for two and four wheeled electric vehicles and all categories of CNG-operated vehicles from April 1, 2022 to March 31, 2024.
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JSW Energy's March Quarter Profit Jumps 711% Year-On-Year Basis
Profit after tax stood at an all-time quarterly high of Rs 864 crore, which was 711 per cent higher year-on-year
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Carmakers Dream of Clean, Green, Mean Electric Machines
From motor magnets with toxic histories to batteries made using copious fossil-fuel power, many challenges face carmakers seeking to purge dirtier materials from their supply chains to satisfy regulators and investors.
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Manali Tourism Body Okays IDFC First Bank To Collect Green Tax Via FASTag
Tourism Development Council Manali has authorised IDFC First Bank to collect the green tax by way of FASTag from motorists entering the city
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Budget 2022: Environmental, Social Issues Need Focus, Say Experts
Budget should focus on environmental, social and governance issues by providing tax and non-tax incentives needed to promote green economy
-
What Is Green Tax?
Looking at the challenges that the environment is facing, the government has decided to levy a green tax on highly polluting vehicles. Read ahead to know how the tax can help.
-
Government Should Offer Incentives To Promote Use Of Clean Fuels: IAC
Welcoming this move as a step in the right direction, the Indian Auto LPG Coalition (IAC) suggested that penalising polluters should be accompanied by reward to customers for using clean fuels.
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Auto Stocks Drop As Government Proposes To Levy Green Tax In Budget
According to the proposal, private vehicles older than 15 years could be taxed higher as would transport vehicles older than eight years
-
IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
-
India Trade Department Backs Lower Tax On Hybrid Cars In Green Push
India's trade department has backed lowering taxes on hybrid vehicles to help the transition to cleaner energy sources, following demands by Japanese car makers, five government and industry sources told Reuters.
-
India Considering Domestic Tax Options To Deal With EU's Carbon Tax: Minister
Commerce and Industry Minister Piyush Goyal on Thursday indicated that India is mulling a domestic tax option on certain sectors and using that levy to support the green energy transition to deal with the European Union's carbon tax.
-
Himachal Floods: 11 Passengers Of Punjab Roadways Bus Still Missing, 3 Bodies Recovered In Shimla
The wreckage of the Pepsu Roadways Transport Corporation (PRTC) bus was found 300 meters down from the green tax barrier of the Allo (potato) ground in the middle of the Beas river in Manali on Saturday.
-
EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
-
US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
-
Maruti Suzuki Believes Government Will Support ‘Green’ Tech Beyond EVs, CEO Says
Maruti Suzuki, the country’s top-selling carmaker, said it believes that the government will support “green” vehicle technologies beyond EVs. The company recently unveiled its strong hybrid car in India, the Grand Vitara SUV, aimed at competing with Kia and Hyundai. CEO Hisashi Takeuchi said he thought government support would be forthcoming,...
-
West Bengal's Green Energy Push With These New Exemptions
The West Bengal Friday announced exemption of registration fees, motor vehicle and additional taxes for two and four wheeled electric vehicles and all categories of CNG-operated vehicles from April 1, 2022 to March 31, 2024.
-
JSW Energy's March Quarter Profit Jumps 711% Year-On-Year Basis
Profit after tax stood at an all-time quarterly high of Rs 864 crore, which was 711 per cent higher year-on-year
-
Carmakers Dream of Clean, Green, Mean Electric Machines
From motor magnets with toxic histories to batteries made using copious fossil-fuel power, many challenges face carmakers seeking to purge dirtier materials from their supply chains to satisfy regulators and investors.
-
Manali Tourism Body Okays IDFC First Bank To Collect Green Tax Via FASTag
Tourism Development Council Manali has authorised IDFC First Bank to collect the green tax by way of FASTag from motorists entering the city
-
Budget 2022: Environmental, Social Issues Need Focus, Say Experts
Budget should focus on environmental, social and governance issues by providing tax and non-tax incentives needed to promote green economy
-
What Is Green Tax?
Looking at the challenges that the environment is facing, the government has decided to levy a green tax on highly polluting vehicles. Read ahead to know how the tax can help.
-
Government Should Offer Incentives To Promote Use Of Clean Fuels: IAC
Welcoming this move as a step in the right direction, the Indian Auto LPG Coalition (IAC) suggested that penalising polluters should be accompanied by reward to customers for using clean fuels.
-
Auto Stocks Drop As Government Proposes To Levy Green Tax In Budget
According to the proposal, private vehicles older than 15 years could be taxed higher as would transport vehicles older than eight years
