Bhavish Aggarwal hints at Ola Electric scooter launch soon indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Karnataka tweaks policy to woo electric vehicle makers
By IANS |
0 Views
Electric vehicle.. Image Source: IANS News
Bengaluru, June 1 : The Karnataka government has amended its electric vehicle and energy storage policy to attract more investments in the e-mobility sector across the state, an official said on Tuesday. As decided at the May 27 state cabinet meeting, the Karnataka Electric Vehicle & Energy Storage policy of 2017 has been amended to give impetus to the electric mobility sector and attract more investments over the next 5 years, said state Industries Department Director R. Ramesh in the order issued on Tuesday.
As incentives provided under the 2017 policy were lower than those offered by other states, the amendment will enable 15 per cent capital subsidy on value of fixed assets over 5 equal annual payments for 50 acres of land for EV assembly or manufacturing enterprises.
Read more about Karnataka puts on hold decision to sell 3,667 acres to JSW Steel on Business Standard. This comes amid opposition from within the ruling BJP and cases pending in courts
Karnataka puts on hold decision to sell land to JSW Steel
May 27, 2021
Basavaraj Bommai, Law and Parliamentary Affairs and Home Minister - The Hindu×
Move follows legal tussle with company on other issues
The Karnataka government has put on hold its decision to sell 3,667 acres to JSW Steel Ltd in Ballari district.
Basavaraj Bommai, Law and Parliamentary Affairs and Home Minister, briefing reporters after the Cabinet meeting said a decision to this effect was taken at the State Cabinet meeting as there were pending cases in the Karnataka High Court and in the Supreme Court.
“The Cabinet has not confirmed its previous decision. The earlier decision is put on hold,” the minister said.