Subsidy To Industry

Software industry icon NR Narayana Murthy on Wednesday said "nothing should be given free," and suggested people availing services and subsidies provided by the Government should be made to contribute back for the betterment of the society.

British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.

The government on Wednesday raised the subsidy provided to poor women, who got free cooking gas connections under the Ujjwala Yojana, to Rs 300 per cylinder as it looked to blunt opposition criticism of high fuel prices.

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...

Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.

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 ...

The government offers subsidy on electric vehicles under the FAME scheme, which will continue for three years. The amount, however, has been reduced.

Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time.

Japan aims to treble sales of semiconductors made in the country to JPY 15 trillion (roughly Rs. 9,285,004,593,300 crore) by 2030, the industry ministry said on Monday. Tokyo sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies to TSMC and other chipmakers to build plants in Japan or have them e...

Samsung's chipmaking plans come as other countries introduce steps to bolster domestic chip industries, including the United States which last month released details of its CHIPS Act, offering billions of dollars in subsidies for chipmakers that invest in the country.

In an attempt to boost the food processing sector in the state, the Uttar Pradesh government headed by Chief Minister Yogi Adityanath has decided to provide up to 50 per cent subsidy to interested investors, according to a government statement.

It took a public notice from Hyundai Motor Co. - asserting that the successful bid by Hyundai Global Motors had nothing to do with it - for bureaucrats to realize that they had backed the wrong horse.

Biden will sign a bill to subsidize the US semiconductor industry next Tuesday, in an attempt to ease the ongoign chip crisis and boost efforts to make the United States more competitive with China. The CHIPS bill provides about $52 billion (roughly Rs. 4,11,400 crore) in government subsidies for research and US production of semiconductors.

Under the plan, premiums for fully electric-powered vehicles priced below 40,000 euros will fall to 4,500 euros at the beginning of next year from 6,000 euros currently, and fall to 3,000 euros in the following year.

The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...

Software industry icon NR Narayana Murthy on Wednesday said "nothing should be given free," and suggested people availing services and subsidies provided by the Government should be made to contribute back for the betterment of the society.

British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.

The government on Wednesday raised the subsidy provided to poor women, who got free cooking gas connections under the Ujjwala Yojana, to Rs 300 per cylinder as it looked to blunt opposition criticism of high fuel prices.

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...

Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.

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 ...

The government offers subsidy on electric vehicles under the FAME scheme, which will continue for three years. The amount, however, has been reduced.

Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time.

Japan aims to treble sales of semiconductors made in the country to JPY 15 trillion (roughly Rs. 9,285,004,593,300 crore) by 2030, the industry ministry said on Monday. Tokyo sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies to TSMC and other chipmakers to build plants in Japan or have them e...

Samsung's chipmaking plans come as other countries introduce steps to bolster domestic chip industries, including the United States which last month released details of its CHIPS Act, offering billions of dollars in subsidies for chipmakers that invest in the country.

In an attempt to boost the food processing sector in the state, the Uttar Pradesh government headed by Chief Minister Yogi Adityanath has decided to provide up to 50 per cent subsidy to interested investors, according to a government statement.

It took a public notice from Hyundai Motor Co. - asserting that the successful bid by Hyundai Global Motors had nothing to do with it - for bureaucrats to realize that they had backed the wrong horse.

Biden will sign a bill to subsidize the US semiconductor industry next Tuesday, in an attempt to ease the ongoign chip crisis and boost efforts to make the United States more competitive with China. The CHIPS bill provides about $52 billion (roughly Rs. 4,11,400 crore) in government subsidies for research and US production of semiconductors.

Under the plan, premiums for fully electric-powered vehicles priced below 40,000 euros will fall to 4,500 euros at the beginning of next year from 6,000 euros currently, and fall to 3,000 euros in the following year.

The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...