Subsidy

'The waiver of ISTS charges will gradually be phased out until June 2028 for solar and wind projects. It is now time to boost other aspects such as battery energy storage and pumped hydro for which we are now offering 100% waiver in ISTS charges for 25 years,' a senior MNRE official told Moneycontrol.

The real cost of UPI, missing revenue model, and a case for bringing back MDR

To compensate for the loss of income from MDR, the government proposed a subsidy for the industry. The subsidy aims to compensate for the opportunity cost incurred by financial institutions when the government eliminated the MDR, rather than directly covering their expenses.

Fissures appear in Payments Council on letter to PM Modi on MDR without consultation

Some fintechs are miffed with Payments Council of India after it shot off a letter to PM on MDR without consultation. Such an aggressive public posturing on MDR could be counter productive, they said

Lower UPI subsidy an indication that MDR on UPI is around the corner, say bankers

With the subsidy limited to small merchants, the government is shifting the subsidy burden to large merchants

Smartphone PLI: $1 billion given in 3 years, 5 companies got 98% of the funds, says report

At $13.1 billion in the April-November period, handsets are now the second highest exported product from India

Government working on a scheme to promote manufacturing of battery components

India can become self-reliant in cell manufacturing if lithium remains in the country through recycling and is reused in batteries, Vijay Mittal, joint secretary, ministry of heavy industries, has said

Explained: What are the various types of subsidies in the Union Budget? 

The Union government thoroughly reviewed the agricultural research infrastructure to boost productivity.

Delhi Elections 2025: Popular power subsidy outlay increased 150 percent in 10 years

Since Delhi’s contest is going to be a triangular one, both BJP and Congress have gone beyond what AAP is offering and have upped their power subsidy promises.

Trade promotion scheme RoDTEP likely to be extended beyond September: Sources

Decision on extension for interest equalisation scheme yet to be taken

Centre considering to widen scope, size of housing subsidy under PM Awas scheme: CNBC-TV18

In the expanded ambit of the housing scheme, those who are self-employed, shop keepers as well as small traders are likely to be covered under the scheme, said the source.

U.S. Plans $6 Billion Subsidy For Samsung To Boost Production In Texas

The U.S. is set to announce a subsidy exceeding $6 billion to aid Samsung's expansion in Texas. The move, part of efforts to strengthen domestic semiconductor production, will see Samsung doubling its U.S. investment to over $44 billion. This follows similar initiatives aimed at reducing reliance on foreign chip supply. Watch for details!

Chart of the Day| Has the sun set on solar panel manufacturers?

Over-capacity in China has led to a huge fall in solar panel prices and countries are scrambling to protect their domestic companies

Government announces revamped subsidy scheme to strengthen, upgrade pharma units

Under this scheme, pharma units can receive a maximum incentive of Rs 1 crore on an anticipated expense of Rs 150 crore. This will help the unit upgrade and meet the WHO GMP standards

Of subsidies and debt: A look at Punjab’s key economic issues

Punjab’s debt level and fiscal deficit is projected to remain higher than the national average, at 46.8 percent and 5.0 percent of the GSDP, respectively, in FY24.

No subsidised power to ministers, govt staff: Assam CM

Assam CM Sarma mandates prepaid meters for government quarters, halts subsidized power for ministers, officers, and employees.

FAME II subsidies for e-vehicles till March-end or until funds are available: Govt

As per the revised outlay, electric two-wheelers, electric three-wheelers, and electric four-wheelers are eligible to avail of subsidies to the tune of Rs 7,048 crore.

Subsidy bill in FY25 Budget seen at Rs 3.81 lakh crore, down 8%

In November, the cabinet approved the government's proposal to extend the Pradhan Mantri Garib Kalyan Anna Yojana free foodgrain scheme for five more years until 2028 at a total cost of nearly Rs 12 lakh crore

Chhattisgarh, Tamil Nadu spend most on subsidies, plus other key stats from RBI’s state finances report

While there is no estimate – or even definition – of freebies, Chhattisgarh, Tamil Nadu, Punjab, Madhya Pradesh, and Bihar spend the most on subsidies as a percentage of their State Domestic Product. Meanwhile, Delhi is ahead on spending on public health and education.

Government says no to subsidy on import duty on EVs into India

In a written reply to Lok Sabha, Minister of State for Commerce and Industry Som Parkash said the government has taken various steps to boost domestic and foreign investments in India to enhance local value addition under the 'Make in India' initiative.

Cabinet OKs nutrient-based fertiliser subsidy for Rabi season at cost of Rs 22,303 crore

The approved nutrient-based fertiliser subsidy rates for the 2023-24 Rabi season are sharply lower than what they were for the kharif season

Rule to compensate consumers for gratuitous load shedding must be implemented by state power regulators: RK Singh

"State governments are free to declare subsidies but they have to be paid for. Power is not free and it has to be paid for," the Union minister said.

Government goes into election mode with its LPG subsidy

Despite railing against freebies, the central government has little option but to go in for competitive populism

World Bank study has some nuggets for India’s subsidy problem

According to the report, measures to cut subsidies need to be carefully sequenced. This will avoid the price shock that will be delivered if a key subsidy is removed all in one go 

'Wasteful' fossil fuel, farm subsidies worsening climate change, says World Bank

These subsidies are leading to deforestation, premature deaths and dwindling fish stocks, causing environmental havoc, the World Bank has said in a new report. They should instead be repurposed to fight climate change

Greaves Cotton tanks 10% after govt asks to repay subsidy over rule breach

Greaves Electric Mobility is a subsidiary of Greaves Cotton Ltd and operates under the Ampere brand. It offers a range of electric two-wheeler models, including Primus, Magnus EX, and Reo Plus. These models are part of the Ampere brand's product lineup in the electric mobility segment.