Country Financial News

electric vehicles will be supported under the four-month Electric Mobility Promotion Scheme (EMPS) being implemented between April and July with an outlay of Rs 493.55 crore, the government said on Tuesday. Electric Mobility Promotion Scheme (EMPS) — 2024 will provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing ecosystem in the country. The maximum number of electric vehicles to be supported under the scheme stands at 3,72,215, including 3,33,387 electric two-wheelers, 13,590 e-rickshaws or e-carts and 25,238 electric three-wheelers in the L5 category, according to figures shared by the Ministry of Heavy Industries. «EMPS 2024 is fund limited, with restricted number of vehicles and a term-limited Scheme, i.e., the subsidies for demand incentive are eligible for e-2w and e-3w sold and registered until the funds are available or the number of vehicles supported reaches the maximum number defined category-wise (shown in para above) or until July 31, 2024, whichever comes first,» the ministry stated.

₹78,000 crore with an emphasis on the monetization of assets). Therefore, if the budget promises a fiscal deficit of 4.9% as a proportion of GDP, it is believable. So is 4.5% of GDP for 2025-26, the government’s pre-announced goal.

gold and silver to 6%, bullion prices fell sharply on Tuesday. While the August gold futures fell 3.4% or by Rs 2,468 per 10 gm to hit the day's low of Rs 70,250, silver September futures on the MCX tanked by Rs 3,200 per kg or 3.6% to hit the intraday bottom of Rs 86,000. The reaction was triggered by Finance Minister Nirmala Sithraman’s announcement about the cuts in her Budget speech. She presented her seventh Union Budget on Tuesday.

Sushant Sreeram has quit as Prime Video India country director and is set to join Viacom18-owned JioCinema as chief marketing officer (CMO), sources privy to the development told ET.

Nirmala Sitharaman announced incentives to boost maintenance, repair and overhaul activities in aviation and shipping sectors during the budget speech on Tuesday. India is one of the fastest growing domestic aviation markets in the world.

jobs and empower youth with skilling, Finance Minister Nirmala Sitharaman announced a Rs 2 lakh crore package under the Prime Minister scheme to incentivise job creation in the country, skill two million youth, provide education loan of up to Rs 10 lakh for higher education in domestic institutions and enable internship opportunities to 10 million youth over next five years.

Voters in Washington state will decide this fall whether to keep one of the country's more aggressive laws aimed at stemming carbon pollution

Eminem’s 12th studio album, “The Death of Slim Shady (Coup de Grâce),” has debuted at No. 1 on the Billboard 200, unseating Taylor Swift’s “The Tortured Poets Department” after 12 weeks

Bangladesh is still without internet for a fifth day and the government declared a public holiday Monday, as authorities maintained tight control despite apparent calm following a court order that scaled back a controversial system for allocating gover...

Nigerian legislators have begun an investigation into the alleged importation of contaminated fuel into the country, part of efforts to resolve issues causing a rift between an oil refinery owned by Africa’s richest man Aliko Dangote and the industry r...

Joe Biden picked Kamala Harris as his running mate, much of India was abuzz over how the first Indian-American in the White House might affect the future of US-India relations.

budget of 2024, being presented just before the 4th anniversary of the National Education Policy (NEP) 2020, 29th July, would be a great opportunity for the government to showcase its commitment to the cause of education in the country. The NDA government, in its third term now, can utilise the opportunity to leave its legacy on the education system in the country.

West Bengal Governor C V Ananda Bose sought a report from Chief Minister Mamata Banerjee on her comment that she would offer «shelter» to helpless people from violence-hit Bangladesh, the Raj Bhavan said. In a post on X, the Raj Bhavan Media Cell said it is the Centre's prerogative to handle anything that is part of external affairs.

Union Budget 2024, Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 report, along with the statistical appendix, in the Lok Sabha. The Economic Survey is an annual document presented before the Union Budget to assess the state of the economy and provide an overview of its short-to-medium-term prospects.

An association of Japanese crypto exchanges and blockchain companies has petitioned the government to make coin-related tax reforms.

mutual funds have offered returns up to 47% since the interim budget presented by the Finance Minister Nirmala Sitharaman on February 1, 2024. There were around 474 equity mutual funds in the said period.

security talks on July 28 that for the first time will cover "extended deterrence", a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies.

Meta’s WhatsApp cut business messaging prices by 16-97% in several countries, including by 63% in India, in an aggressive attempt at countering growing competition from Google’s Rich Communication Services (RCS) and Apple’s upcoming foray into the segment.

large language models (LLMs) such as Sarvam’s OpenHathi and Ola’s Krutrim. This even as their global counterparts like OpenAI’s GPT-4o and Meta’s Llama have started showing enterprise grade support for Hindi, Marathi, Kannada and other Indian languages across text and voice.

US Vice President Kamala Harris addressed her presidential campaign staff at Wilmington headquarters for the first time on Monday (local time) and laid out the case against Republican presidential candidate Donald Trump, offering a preview of the campaign to come, CNN reported.