Browsing: Govt. & PSUs

Union Minister for Road Transport and Highways, Nitin Gadkari, has unveiled an ambitious plan to steer India towards a greener economy. In an interview with news agency PTI, Gadkari articulated his determination to significantly reduce the Goods and Services Tax (GST) on hybrid vehicles and to phase out the country’s 36 crore petrol and diesel vehicles entirely.

The Union Government has approved a scheme to promote India as a manufacturing destination so that e-vehicles (EVs) with the latest technology can be manufactured in the country. The policy is designed to attract investments in the e-vehicle space by reputed global EV manufacturers.

Deputy Chief Minister Mukesh Agnihotri inaugurated a cashless ticketing system in Himachal Road Transport Corporation (HRTC) buses, starting in Shimla, Hamirpur, and Una districts. This system enables passengers to purchase tickets using credit cards, debit cards, or UPI, eliminating the need for exact change and reducing disputes with conductors. Cash payments remain an option for passengers. Additionally, Agnihotri announced a 4% dearness allowance for HRTC employees.

“We are grateful to the Government of India, the Government of Gujarat, and the Government of Assam. Today’s event is a significant boost to our historic journey of ‘India’s Techade: Chips for Viksit Bharat’”, added Dr Randhir Thakur, CEO & Managing Director, Tata Electronics.

Tata Motors Group has signed a facilitation MoU with the Government of Tamil Nadu to explore setting up a vehicle manufacturing facility in the state. The MoU envisages an investment of ~INR 9,000 crores over 5 years and can potentially create up to 5,000 jobs (direct and indirect).

According to Union Minister for Electronics & Information Technology Ashwini Vaishnaw, Tata Electronics Private Limited, in collaboration with Taiwan’s Powerchip Semiconductor Manufacturing Corp (PSMC), will spearhead the construction of the first commercial semiconductor fab in Dholera, Gujarat, with an investment totalling Rs 91,000 crore.

VinFast and the government of Tamil Nadu inked a Memorandum of Understanding (MoU) on January 6, 2024, outlining a commitment of approximately Rs 425 crore for the initial phase of the integrated EV facility.

M C Sudhakar, Hon’ble Higher Education Minister, Government of Karnataka said, “We are delighted to be a part of the MoU signing between Toyota Kirloskar Motor and the Department of Technical Education, Government of Karnataka, marking a significant milestone in the realm of education and skill development in the State.

Shenu Agarwal, MD & CEO, Ashok Leyland said, “We understand the vital significance of empowering youth through skill development initiatives. In an ever-changing landscape, acquiring pertinent skills is essential to excel in their careers and make meaningful contributions to society.

The Gujarat State Road Transport Corporation (GSRTC) has announced in a note informed it has successfully implemented the Integrated Vehicle Tracking and Passenger Information System (GPS) across its State Transport (ST) buses.