Articles by: Ashish Bhatia
Government Contemplates Legal Action to Retrieve FAME Subsidy from Defaulting Companies
The Indian government is considering legal action against Hero Electric, Okinawa Autotech, and Benling India to recover wrongfully availed subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. Despite repeated attempts by the Ministry of Heavy Industries to retrieve the disputed amounts, these companies have failed to comply. As the outstanding dues accumulate daily, the government is[Read More…]
In Lakshadweep, as infrastructure tax ends, fuel prices have come down by 15/lt; sharpest cut in India
The Indian Oil Corporation (IOC) has made a significant reduction in petrol and diesel prices by up to Rs 15.3 per litre in the Lakshadweep islands. This marks the most significant cut in fuel prices the country has ever seen. The move comes after Prime Minister Narendra Modi’s visit to the islands on Jan 24 that went viral on social[Read More…]