SIGN IN SUBSCRIBE

News Update

Centre argues SC cannot criminalise marital rapeIsrael bombards Hezbollah intelligence Has in BeirutCabinet recalibrates all agri schemes under two canopy schemes with Rs 1 lakh crore investmentGST - whether construction of immovable property constitutes a 'plant' - SC refrains from final determination of issue; remands matter to High Court; emphasizes need to probe each case on merits & by using Functionality test - Clauses (c) & (d) of Section 17(5) not found to be discriminatory: SCGST - To give plain interpretation to clause (d) of Section 17(5), the word 'plant' will have to be interpreted by applying the functionality test: SCGST - If a building in which premises are situated qualifies for definition of plant, ITC can be allowed on goods & services used in setting up such plant: SCGST - Right to ITC is conferred solely by the statute; no one can claim ITC as a matter of right unless it is expressly provided in the statute - Legislature reserves right to carve out exceptions to entitlement of ITC u/s 16 of CGST Act: SCGST - That provisions could have been drafted in a better manner or more articulately, is not sufficient to attract arbitrariness: SCDEA, IEG to hold Conclave themed 'The India Era' in DelhiI-T - TOLA Act, 2021 will extend to time limit for issuing notices for re-assessment under Income Tax Act: SC LBPM to address Kautilya Conclave starting on FridayCX - It is clear that by a resolution process, the company continues its business and only by a liquidation process, the business of the company would be wound up - Tribunal ex facie erred in holding that by virtue of Rule 22 of CESTAT (Procedure) Rules, 1982, appeal would abate: HCGoyal interacts with business leaders and investors in NYCX - Revenue not having made any claim before IRP during CIRP process and the demand not having been part of the resolution plan, same has stood extinguished and cannot be continued: HCFM participates in Credit Outreach Program in ItanagarGST - Cancellation of Registration on the pretext of violation of Rule 86B is a disproportionate punishment: HCAdani Group, Google join hands for clean energy supply in IndiaGST - Rule 86B of the Act has no statutory backing and appears to be ultra vires the provisions of the Act, 2017: HCGST - It shocks the conscience of the Court to find an extreme penalty of the nature of cancellation of Registration being imposed on the basis of a 'prima facie' investigation conducted: HCGST - Notice is dated 04.04.24, therefore, order should have been passed at least on 12.04.24, 11 th being a public holiday - Authority having delayed the matter, mandate of s.129(3) not followed - Order set aside: HCIndo-American CEO Forum debates tie-up in defence and semiconductorsGST - Registration was cancelled and, therefore, petitioner could not access notices uploaded on portal - Consequently, they failed to file reply and impugned order was passed - Liberty granted to petitioner to file appeal: HCGST - Petitioner did not file any appeal but approached Court when recovery notices were issued - Liberty given to file appeal subject to payment of Rs.5000/- in each petition by way of DD favouring Government Yoga and Naturopathy Medical College: HCGST - There is no provision where CBIC is required to issue clarifications on separate queries raised by taxpayers directly: HCTIOL Awards: A Sangam of high-octane fiscal & monetary thoughts!BIS Upcoming QCO Affecting Major Industries in the Supply ChainTIOL Tax Congress 2024Ministry of Heavy Industries launches PM E-DRIVE SchemeEU to vote on Friday for tariff on Chinese EVsMinistry of Coal to institutionalise cleanlinessIndore sends back 22 beggars to their native places in RajasthanCAQM deploys Flying Squads to monitor paddy stubble burning in Haryana and PunjabBlast in UP cracker factory - 3 killedUS port strike upends supply chain in many citiesI-T- No appeal shall be filed where the tax effect is below the prescribed threshold : ITATUS disfavours Israeli strike on Iranian N-sitesI-T- The statement of surrender has got to be accepted in toto or has got to be ignored: ITATIranian President says Not interested in war but will respond ifH5N1 takes toll of 47 tigers in Vietnam zoos
 
Ministry of Heavy Industries launches PM E-DRIVE Scheme

By TIOL News Service

NEW DELHI, OCT 03, 2024: THE Union Cabinet, approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme on 11th September 2024 to promote electric mobility in the country. The scheme has a financial outlay of Rs.10,900 crore over a period of two years.

Union Minister for Heavy Industries & Steel, H.D. Kumaraswamy, along with Minister of State for Heavy Industries & Steel, Bhupathi Raju Srinivasa Varma, officially launched the PM E-DRIVE Scheme at a special event held at Bharat Mandapam, New Delhi. This launch marks a significant step forward in India's electric mobility revolution. Secretary, Ministry of Heavy Industries, Kamran Rizvi, Additional Secretary, Dr. Hanif Qureshi,  senior government officials, and leaders from the automotive industry also participated in the event.

The PM E-DRIVE Scheme aims to accelerate EV adoption and establish essential charging infrastructure across the country, promoting cleaner and more sustainable transportation.

As part of the scheme, the Ministry of Heavy Industries (MHI) introduced e-vouchers for EV customers to avail of demand incentives. The e-vouchers streamline the process of accessing incentives, providing a seamless experience for both consumers and manufacturers. During the event, a live demonstration showcased dealers generating e-vouchers for customers.

During the event Union Minister of Heavy Industries & Steel, H.D. Kumaraswamy, said: "Today is a landmark day, as we transition from the FAME Scheme and the Electric Vehicle Promotion Scheme (EMPS) to the PM E-DRIVE Scheme. On the eve of the 155th Birth Anniversary of Mahatma Gandhi, we are contributing not only to 'Swachh Bharat' as per the clarion call of Hon'ble Prime Minister, but also to 'Swachh Vahan'. Through this initiative, we fulfil the Government of India's promise to launch the scheme within 100 days."

He further added: "With the launch of the PM E-DRIVE Scheme, the Ministry of Heavy Industries is making significant progress in promoting sustainable and inclusive mobility. This initiative is set to accelerate EV adoption across the country and further boost domestic innovation and manufacturing."

Minister of State for Heavy Industries & Steel, Bhupathi Raju Srinivasa Varma, highlighted Prime Minister Narendra Modi's vision to achieve net-zero emissions by 2070. He emphasized that the PM E-DRIVE Scheme will play a pivotal role in accelerating EV adoption and building critical charging infrastructure nationwide, contributing to a cleaner and more sustainable future.

Secretary, Ministry of Heavy Industries, Kamran Rizvi, commended the automotive industry leaders for their unwavering efforts toward the growth of electric mobility in India. He urged all Original Equipment Manufacturers (OEMs) to come forward and actively contribute to making the PM E-DRIVE Scheme a resounding success.

The major components of the scheme are as under:

- Subsidies/Demand Incentives: Rs.3,679 crore allocated for e-2Ws, e-3Ws, e-ambulances, e-trucks, and emerging EVs, supporting 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.

- E-Voucher Introduction: Aadhaar-authenticated e-vouchers for EV buyers, generated at purchase and sent to registered mobile numbers. Signed e-voucher essential for dealer submission and OEM reimbursement.

- E-Ambulances: Rs.500 crore allocated for deployment. Standards will be set in consultation with MoHFW and MoRTH.

- E-Buses: Rs.4,391 crore for procurement of 14,028 e-buses via CESL in 9 major cities. Preference to buses replacing scrapped STU buses.

- E-Trucks: Rs.500 crore for incentivizing e-trucks, with scrapping certificates from RVSF mandatory for incentives.

- Public Charging Stations: Rs.2,000 crore outlay for installing 22,100 fast chargers (e-4Ws), 1,800 for e-buses, and 48,400 for e-2Ws/3Ws in high EV penetration cities and highways.

- Test Agency Modernization: Rs.780 crore for upgrading MHI test agencies to handle new EV technologies.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST