Synopsis
The FAME II scheme had planned to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses.
Reuters
FAME II is the expanded version of FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched on April 1, 2015, with a total outlay of Rs 895 crore.
New Delhi: Ahead of the upcoming Union Budget, Society of Manufacturers of Electric Vehicles (SMEV) has asked Finance Minister Nirmala Sitharaman to either rejig the FAME II scheme or reintroduce FAME I, saying the programme meant to promote EVs in its second avatar has been able to achieve less than 10 per cent of its target.
Budget session of Parliament: PM Narendra Modi to chair all-party meeting on January 30
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Last Updated: Jan 20, 2021, 10:12 AM IST
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Synopsis
An all-party meeting is a customary procedure before the beginning of every session of Parliament to ensure its smooth functioning. However, this time it is being held a day after the session starts on January 29.
Agencies
The Budget session of Parliament is starting from January 29 and will be held in two parts.
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New Delhi: Prime Minister Narendra Modi will chair an all-party meeting on January 30 during which the government will put forth its legislative agenda for the Budget session of Parliament, Parliamentary Affairs Minister Pralhad Joshi said on Wednesday. He said the meeting will be held virtually and an invitation has been extended to floor leaders of all parties.
New Delhi: The upcoming budget could unveil a new and continuous framework for faster resolution of disputes over direct taxes.
The government is considering options such as mediation or a permanent dispute resolution system with pre-specified benchmarks on the lines of the ‘Vivad Se Vishwas’ scheme have been discussed, a person familiar to the pre-budget discussions said.
“Various options have been discussed… A final view should be taken shortly,” the person told ET. The idea is to prevent disputes and reduce litigation. According to the FY21 budget, more than Rs 8 lakh crore is locked up in direct tax disputes. It is being felt that along with the already introduced faceless assessment, an alternate settlement mechanism can be very effective at keeping disputes contained and would also be appreciated by the global investors.
The budget is an opportunity for FM Nirmala Sitharaman to unleash an employment and productivity multiplier through generous funding of data science, funnelled to research and commercial data centres.