Tax Subsidies

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...

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 ...

Cash-strapped Pakistan must take steps to ensure that its high earners pay taxes and only the poor get the subsidies if it wants to function as a country, the International Monetary Fund has said, amid looming fears of a default.

Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of elections due in October.

Investors are anticipating policy reforms to rationalise bottlenecks for growth such as subsidies and a clear roadmap for disinvestment targets.

New British finance minister Jeremy Hunt on Monday reversed nearly all of Prime Minister Liz Truss's mini-budget that had sparked market turmoil, and reined in a vast energy subsidy plan, saying the country needed to rebuild investor confidence.

European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...

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...

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...

Hero Lectro says that five of its products will see price reduction under the Delhi Governments EV Policy. Its a direct result of the subsidy and tax exemption announcement by the Delhi State Government.

Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday said the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy.

Automakers are making a furious last-ditch effort to convince Congress to approve an extension of EV incentives before Republicans, who are largely opposed to doling out EV subsidies, could potentially take over both houses of Congress next year.

Toyota Motor Thailand to receive tax breaks and subsidies to help make EVs cheaper

Philippine economic managers rejected calls to suspend excise taxes on petroleum products, instead pitching for more subsidies to affected sectors and a shorter work week to cut costs.

In the first two years, the measures will focus on encouraging widespread domestic use of EVs by providing tax breaks and subsidies for imported models and those made locally, he said.

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...

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 ...

Cash-strapped Pakistan must take steps to ensure that its high earners pay taxes and only the poor get the subsidies if it wants to function as a country, the International Monetary Fund has said, amid looming fears of a default.

Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of elections due in October.

Investors are anticipating policy reforms to rationalise bottlenecks for growth such as subsidies and a clear roadmap for disinvestment targets.

New British finance minister Jeremy Hunt on Monday reversed nearly all of Prime Minister Liz Truss's mini-budget that had sparked market turmoil, and reined in a vast energy subsidy plan, saying the country needed to rebuild investor confidence.

European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...

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...

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...

Hero Lectro says that five of its products will see price reduction under the Delhi Governments EV Policy. Its a direct result of the subsidy and tax exemption announcement by the Delhi State Government.

Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday said the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy.

Automakers are making a furious last-ditch effort to convince Congress to approve an extension of EV incentives before Republicans, who are largely opposed to doling out EV subsidies, could potentially take over both houses of Congress next year.

Toyota Motor Thailand to receive tax breaks and subsidies to help make EVs cheaper

Philippine economic managers rejected calls to suspend excise taxes on petroleum products, instead pitching for more subsidies to affected sectors and a shorter work week to cut costs.

In the first two years, the measures will focus on encouraging widespread domestic use of EVs by providing tax breaks and subsidies for imported models and those made locally, he said.