PLI Scheme for ACC battery
PLI Scheme Details The scheme provides financial incentive (cash subsidy) for setting up manufacturing facility for advanced battery pack and advance chemistry cells (“ACC”); A cumulative ACC manufacturing capacity of 50 GWh for ACC shall be allocated to selected investors based on techno financial bid (Quality and cost based selection process); Additional incentive for manufacturing […]
PLI for AC and LED Manufacturing
PLI Scheme Coverage Air Conditioners , high value intermediates (copper tube, aluminium foils and compressors) and low value intermediates (PCB assembly for controllers, BLDC motors, Service Valves and cross fan for AC and components LED lighting products including core components such as chip packaging, resistors, IC, fuse etc. and non core components like LED chips, […]
PLI for Automotive industry
In order to boost domestic manufacturing and cut down on import bills, the central government in March 2020 introduced a scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to set shop in India, the scheme also aims to encourage local companies to […]
Open Demat Account for Share trading in 5 minutes
A demat account (short for “dematerialized account”) is an account to hold financial securities (equity or debt) in electronic form. In India, demat accounts are maintained by two depository organisations, National Securities Depository Limited and Central Depository Services Limited. A depository participant, such as a bank, acts as an intermediary between the investor and the depository. The demat […]
Advanced Chemistry Cell Battery Manufacturing Incentives
1 ACC BATTERIES Advance Chemistry Cells (ACCs) are the new generation advance storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required. In this Programme the technologies shall comprise of ACCs and integrated advanced batteries (Single Units) that […]
Global Minimum Tax – Gamechanger for US and global economy
The Biden administration in April, 2021 released an outline of its proposed changes to U.S. corporate tax policies, called the “Made in America” tax plan. It includes a proposal to establish a ‘Global Minimum Tax’ rate on businesses, potentially bringing the U.S. fully on board with an effort that has so far been led primarily […]
Production Linked Incentive (PLI) – Food Processing
PLI Scheme – Overview Government of India (GOI) has approved a new Central Sector Scheme – “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” for implementation during 2021-22 to 2026-27 with an outlay of Rs. 10,900 crore. The objective of the scheme is to support the creation of global food manufacturing champions; promote Indian […]
Cabinet approves PLI Scheme (10 Key Sectors) & Financial support to PPP in Infrastructure
Today, the Union Cabinet has passed the production linked incentive (PLI) for 10 key critical industry sectors. The total budget outlay of the incentive is INR 145980 Crores to be spent over a period of 5 years. Out of the total outlay over one-third outlay is planned for Automobile sector which will definitely give more […]
GST Notifications – 11.10.2020
Notification No. 81/2020 In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), the Central Government hereby appoints the 10th day of November, 2020, as the date on which the provisions of section 97 of the said Act shall come […]
Aatmanirbhar Bharat Package 3.0
The Finance Minister today unveiled the Atmanirbhar Bharat Package 3.0 to provide financial stimulus to the struggling economy. The package consist of 12 proposals as below:- Sr. No. Particulars Announcement Impact on Economy 1 Atmanirbhar Bharat Rozgar Yojna – Government to contribute the total EPF contribution (employee and employer share) for new employees or employee […]