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Dubai has announced a package of economic measures, including incentives worth AED 1 billion, to support businesses and individuals over the next three to six months amid global supply disruptions linked to the ongoing West Asia conflict.The initiatives, approved by the Executive Council of Dubai in a meeting chaired by Crown Prince Sheikh Hamdan bin…
NEW DELHI: The govt’s ambitious scheme aimed at reducing chemical fertiliser consumption, PM-PRANAM, has remained a ‘non-starter’ as the Centre has not been able to released a single Rupee as incentive to any state even after two-and-half years of its launch, as per a report of a parliamentary committee.PM-PRANAM was approved in June 2023 for…
The growth in local production, especially in smartphones, was supported by the government’s PLI scheme. (AI image) The Indian government is reportedly preparing a major overhaul of its flagship smartphone manufacturing incentive programme. The ‘revamped’ flagship Production-Linked Incentive (PLI) scheme for smartphones will tie government subsidies to exports and the use of locally produced components…
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) is examining a proposal to introduce ‘performance-linked incentives’ for its fund managers, which will see it allocate more funds to those who give better returns. This is part of the new benchmark methodology being developed for debt investments, officials told TOI. It is also assessing benchmarks for…
China has moved to escalate its trade dispute with India by asking the World Trade Organisation to set up a dispute settlement panel against New Delhi’s incentive schemes for automobiles, batteries and electric vehicles, after bilateral consultations failed to resolve the matter.In a communication to the World Trade Organisation, China said consultations held on November…
Industry body CII has called on the government to issue clear green hydrogen mandates, supported by incentives, to accelerate demand creation and help India transition towards a cleaner industrial economy, PTI reported.The Confederation of Indian Industry said sectors that currently rely heavily on grey hydrogen — such as refining, fertilisers and natural gas — are…
Union Budget 2026 is set to be presented on Sunday, February 1 and the startup ecosystem has laid out a clear set of expectations, calling for policy measures that prioritise early-stage survival, easier financing and simpler regulatory processes. Founders across sectors highlighted that although multiple government schemes exist to support entrepreneurship, young startups continue to…
FILE – The 2024 Chevrolet Silverado EV sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. (AP Photo/Charles Rex Arbogast, File) FILE – The 2024 Chevrolet Silverado EV sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. (AP Photo/Charles Rex Arbogast, File) General Motors will…
Ahead of the Union Budget for 2026–27, industry body Assocham has urged the government to roll out incentives for hydrogen-based direct reduced iron (DRI) production and concessional green finance to help the steel sector transition towards low-carbon manufacturing, PTI reported.In its pre-Budget recommendations, the chamber also called for incentives to promote waste-heat recovery systems and…
David Raya and Tatiana Trouboul (Image Source: Getty) Honoured as one of the top goalkeepers of one of the toughest leagues in the world, the Premier League, David Raya is now on the list of the highest-paid players in football. David Raya has been popularly known for his outstanding skills as a goalkeeper who is…
