Indian Government Subsidies

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...

Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country. Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to pro...

The Indian government is reportedly working on a new multibillion-dollar subsidy scheme for companies making electricity grid batteries as part of its transition to clean energy. The draft proposal for a production-linked incentive subsidy scheme would offer Rs. 216 billion ($2.63 billion) from this year through to 2030 for companies to set up manu...

The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.

At least 10 states have announced over 1 trillion rupees ($12.6 billion), mainly in cash transfers and electricity subsidies, for households to combat inflation, according to government officials.

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

Indian mills have signed contracts to export 7.2 million tonnes of sugar in the 2021-22 marketing year without government subsidies

The Indian government sought parliamentary approval on Monday for net extra spending of Rs 1.07 lakh crore ($13.96 billion) in the current financial year ending in March 2022, that would include spending of Rs 14,900 crore on fertilisers subsidies.

By offering subsidies, incentives, and advantages to customers and the EV sector as a whole, the Indian government has sown the seed for electric vehicles.

Government will use a big jump in revenue collection to fund welfare programmes instead of trying to beat its fiscal deficit target or lower borrowing

The Indian government has decided to further extend the second phase of the FAME India scheme for two years till March 2024.

Union Government sought an additional Rs 46,602 crore to transfer to states and Rs 10,000 crore more for its food subsidy scheme.

The Haj subsidy provided by the government was removed last year in the light of a Supreme Court order of 2012.

The Ampere Zeal has been launched with Rs. 18,000 subsidy under the Indian government's FAME II policy for electric vehicles. The Ampere Zeal has been priced at Rs. 66,950 (ex-showroom) after subsidy.

Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.

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...

Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country. Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to pro...

The Indian government is reportedly working on a new multibillion-dollar subsidy scheme for companies making electricity grid batteries as part of its transition to clean energy. The draft proposal for a production-linked incentive subsidy scheme would offer Rs. 216 billion ($2.63 billion) from this year through to 2030 for companies to set up manu...

The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.

At least 10 states have announced over 1 trillion rupees ($12.6 billion), mainly in cash transfers and electricity subsidies, for households to combat inflation, according to government officials.

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

Indian mills have signed contracts to export 7.2 million tonnes of sugar in the 2021-22 marketing year without government subsidies

The Indian government sought parliamentary approval on Monday for net extra spending of Rs 1.07 lakh crore ($13.96 billion) in the current financial year ending in March 2022, that would include spending of Rs 14,900 crore on fertilisers subsidies.

By offering subsidies, incentives, and advantages to customers and the EV sector as a whole, the Indian government has sown the seed for electric vehicles.

Government will use a big jump in revenue collection to fund welfare programmes instead of trying to beat its fiscal deficit target or lower borrowing

The Indian government has decided to further extend the second phase of the FAME India scheme for two years till March 2024.

Union Government sought an additional Rs 46,602 crore to transfer to states and Rs 10,000 crore more for its food subsidy scheme.

The Haj subsidy provided by the government was removed last year in the light of a Supreme Court order of 2012.

The Ampere Zeal has been launched with Rs. 18,000 subsidy under the Indian government's FAME II policy for electric vehicles. The Ampere Zeal has been priced at Rs. 66,950 (ex-showroom) after subsidy.

Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.