Vehicle Scrappage Policy

Vehicle owners scrapping their old vehicles, could get “strong incentives” including a 25 per cent rebate on road-tax for personal vehicles, and 15 per cent for commercial vehicles, a 5 per cent discount on purchase of new vehicle against the scrapping certificate, among others, Union transport minister Nitin Gadkari said...

PLI Scheme – Pharma

The Government approved a production linked incentive scheme for the Pharmaceutical sector entailing an outlay of Rs 15000 crores. This is besides the PLI scheme for the API sector. The duration of the scheme will be from 20-21 to 28-29. More outlay could be allocated if needed. The PLI scheme...

PLI Scheme

The Government has announced PLI scheme for manufacturing Telecommunication equipment in India. The cabinet approves over Rs 12000 crore PLI scheme for Telecommunication sector. The decision was taken to offset the imports of Telecommunication equipment worth more than Rs 50000 crores and reinforce it with 'Made in India' products both...

Beware of Fancy Valuations

Markets always tries to mislead investors into committing mistakes. 2000 Bull Run During 2000 bull run, the K10 scrips were all bogus and had little merit in them and yet the majority of thevolumes and movement happened in those scrips. After three to four years, most of them had been...

vehicle scraping policy

Vehicle Scrapping Policy

The government on Saturday said a Cabinet note has been formulated for the vehicle scrapping policy. "Ministry of Road Transport and Highways (MoRTH) has formulated a note for Cabinet on creation of an ecosystem for voluntary and environment friendly phasing out of unfit and old polluting vehicles," Minister of State...

A step towards Identifying NPA without Human Intervention

The Reserve Bank of India, on Monday, asked banks to upgrade their systems by June 30, 2021, for identification of non-performing assets (NPA) and calculation of provisioning. It seems that the RBI wants an automated system without human intervention that identifies NPAs and also makes provisioning without human intervention. This...

Toyota says No Further Expansion

Toyota Motor Corp. won’t expand further in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, who’s trying to lure global companies to offset the deep economic malaise brought on by the coronavirus pandemic. The government keeps taxes on cars and motorbikes so high...