Can Wireless & Fast Charging Transform India’s EV Landscape? (Representational Image) (Photo: Linkedin) Despite subsidy cuts, India’s EV industry grew by 41% in FY24 with 1.6 million registrations, thanks to advanced charging tech like wireless & fast charging. The Indian EV industry witnessed a sharp 41 percent growth in EV sales in FY24, despite the … Read more
Abu Dhabi: India Tuesday sought a level playing field in agriculture citing that some developed countries were providing subsidies which were 200 times more than the support given by the developing countries to their farmers and called for introducing a moratorium on subsidies for fishing related activities beyond their exclusive economic zone (EEZs) or 200 … Read more
Semiconductor Manufacturing International Corp (SMIC) and Huawei Technologies, two key players in Beijing’s efforts to defeat US sanctions on advanced chips, are among the country’s top recipients of local government funding this year, according to published government documents. In Shanghai, 16 out of 191 major projects that have local government subsidies are related to the … Read more
But some “wrong-intentioned” people had treated the scheme as a “cash cow”, according to a report on Economic Half Hour, a programme on state broadcaster CCTV’s finance channel. “Unscrupulous enterprises” colluded with others to generate sales of agricultural machinery and misuse subsidy funds for suspected illegal activities. The report cited the case of farmers in … Read more
