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Tesla wants to begin selling imported cars in India this year but says taxes in the country are among the highest in the world. Its request for tax cuts – first reported by Reuters in July – prompted objections from several local players, who say such a move would deter investment in domestic manufacturing.

In April last year, the ministry of finance had put on hold an increment in dearness allowance (DA) till June 30, 2021, due to the Covid-19 pandemic. In July this year, the government hiked DA and DR to 28 per cent from July 1, 2021, which benefited more than 48 lakh central government employees, and … Continue reading Pensioners body seeks PM intervention in release of DA, DR arrears

PM Modi said on Sunday the government will develop an e-commerce platform for the products made by women self-help groups (SHGs) in villages. Addressing the nation from the ramparts of the Red Fort on the occasion of 75th Independence Day, Modi said the government has also awakened the aspirations of those districts which were believed … Continue reading Govt will develop e-commerce platform for products made by women SHGs in villages: PM

PM Narendra Modi said the government has announced a production linked incentive scheme to further the flagship ‘Make in India’ mission. The Ministry of Electronics and IT has cleared 16 proposals from domestic and international companies entailing investment of Rs 148 billion under the production linked incentive (PLI) for global majors as well as domestic … Continue reading Shifting from imports, India now exporting mobile phones worth $3 bn: PM

Setting the tone for rapid energy transition in his Independence Day speech, PM Modi set a 2047 deadline for becoming self-reliant in energy through a mix of electric mobility, 20% ethanol-blending of petrol and expanding city gas networks to raise the share of less-polluting natural gas in India’s energy basket.

In a rare outburst, “highly agitated” Indian Revenue Service (IRS) officers dealing with customs and indirect taxes have written to Prime Minister Narendra Modi, denouncing extensions and reappointment to members of the Central Board of Indirect Taxes and Customs (CBIC), arguing that this promotes “vested interests and lobbying” that is “detrimental to professional conduct and … Continue reading In letter to PM, IRS officers blast extensions to brass

Prime Minister Narendra Modi said on Friday that PLI schemes, aimed at boosting domestic manufacturing and exports under the ‘Make in India’ and Atmanirbhar Bharat programme, are expected to increase India’s manufacturing output by over half a trillion dollars over the next five years across sectors such as electronics, pharmaceuticals, automobiles and parts and component … Continue reading PLI schemes to up India’s mfg output by $520bn: PM

Prime Minister Narendra Modi on Saturday exhorted toy manufacturers to use less plastic and more eco-friendly and recyclable material in a bid to increase the share of the domestic industry in the global market. Inaugurating the first India Toy Fair, the Prime Minister said, “We have to become Aatmanirbhar in the toy sector and also … Continue reading PM asks toy makers to use more eco-friendly material

Prime Minister Narendra Modi on Friday encouraged the public sector to participate effectively in banking and insurance. Speaking virtually on aspects relating to financial services in this year’s budget, Modi said that the government is committed to strengthening the banking sector. For this, the Centre will continue with its reforms process.

Prime Minister Narendra Modi on Saturday said that the Centre and states need to work closely in collaboration to boost economic growth of the country. Addressing the sixth meeting of the Niti Aayog governing council, PM said that the initiatives taken by the government would provide opportunity to everyone to participate in nation building to … Continue reading Centre, states should work closely to boost growth: PM

On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi on Wednesday said the middle-class would not have been burdened if the previous governments had focussed on reducing India’s energy import dependence.

Ahead of the Union budget, PM Modi on Thursday signalled a major push to infrastructure, manufacturing, mobility, technology and urbanisation and urged global investors to take advantage of the opportunities available in a “vibrant democracy with a business-friendly environment and a huge market”. The NDA government will unveil the country’s annual budget on February 1.

Prime Minister Narendra Modi on Thursday said that India has braved all difficulties in fight against coronavirus pandemic and has the capability to strengthen global supply chains. Addressing the World Economic Forum’s Davos Dialogue via video conferencing, Modi said that India launched ‘Aatmanirbhar Bharat Abhiyan’ with the resolve of increasing the capacity of our economy.​

More than 400 top industry leaders from across the globe will attend the session, wherein the Prime Minister will be speaking on the Fourth Industrial Revolution – using technology for the good of humanity, read a release by the Prime Minister’s Office (PMO).

PM Modi will interact with leading economists and sectoral experts on Friday to deliberate on measures that may be included in the upcoming Budget for promoting growth, amid uncertainty on multiple fronts caused by Covid-19. The meeting, being organised by Niti Aayog will be held virtually and will also be attended by Niti Aayog vice-chairman … Continue reading PM to interact with leading economists on Jan 8

PM Modi on Tuesday said that the nation was working on a plan to develop its coastal regions that will include efforts to boost fisheries and seaweed exports. Inaugurating the 450-km natural gas pipeline from Kochi to Mangaluru, PM laid out his government’s energy roadmap. “The government has an integrated approach to energy planning. Our … Continue reading Govt working on plan to develop coastal regions: PM

Prime Minister Narendra Modi on Tuesday hit out at previous governments for delaying the Dedicated Freight Corridor project of the Railways and said his government engaged with stakeholders to speed up the work.

Prime Minister Narendra Modi on Monday termed the ‘Make In India’ initiative as very important for the expansion of metro services. While inaugurating India’s first-ever driverless train on Delhi Metro’s Magenta Line via video conferencing, PM Modi said that ‘Make in India’ reduces cost by saving foreign currency and providing more employment to Indian people.

Prime Minister Narendra Modi on Tuesday addressed the India Mobile Congress (IMC) 2020 via video conferencing. In his inaugural address, the Prime Minister emphasized on India’s digital technology push and stated that the nation is emerging as the most preferred place for mobile manufacturing.

Universal access to electricity, the government’s “commitment and conviction” to fight climate change along with plans to rapidly expand renewable energy capacity will generate business prospects worth $20 billion, or Rs 1.5 lakh crore, every year, prime minister Narendra Modi said on Wednesday urging investors to join India’s renewable energy programme.