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Budget 2019: Subsidy on Electric Vehicle Loan, Reduction in GST to Encourage Faster Adoption of EVs

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subsidy on electric vehicle purchase in India

New Delhi- While the Centre government has decided to make an increase in Special Additional Excise Duty and Road and Infrastructure Cess each by Rs. 1 per litre on petrol and diesel, proposals were given for giving a boost to manufacturing of electric vehicles.

In her maiden budget speech in Parliament today, the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman said that Under Phase-II of the FAME Scheme, only advanced battery and registered e-vehicles will be incentivized, with greater emphasis on providing affordable and environment-friendly public transportation options for the common man. The main objective of the Scheme is to encourage faster adoption of electric vehicles through upfront incentive on the purchase of such vehicles and by establishing the necessary charging infrastructure for the same.

Phase II of FAME has an outlay of Rs10,000 crore for a period of 3 years and has commenced from 1st April 2019.

We aim to leapfrog and envision India as a global hub of manufacturing of Electric Vehicles. Inclusion of Solar storage batteries and charging infrastructure in the above scheme will boost our efforts,”

she said.

The Finance Minister has further said that the inclusion of solar storage batteries and charging infrastructure in the FAME scheme will give a boost to manufacturing, which is needed for India to leapfrog and become a global hub for manufacturing of these vehicles.

The Finance Minister also said that the Government has already moved GST council to lower the GST rate on electric vehicles from 12% to 5%.  Also to make electric vehicles affordable to consumers, the Union Budget says the government will provide additional income tax deduction of Rs 1.5 lakh on the interest paid on loans taken to purchase electric vehicles.  This amounts to a benefit of around Rs 2.5 lakh over the loan period to the taxpayers who take loans to purchase an electric vehicle. 

To further incentivize e-mobility, customs duty is being exempted on certain parts of electric vehicles.

Read What Got Cheaper, What Got Expensive

1. Road and infrastructure cess has been raised by Re 1 per litre on petrol and diesel

2. Precious metals including gold, silver, platinum in base, semi-manufactured, unwrought ot powder form will see buyers paying 12.5% customs, increased from 10%. This is applicable to waste and scrap, as well as ornaments made of precious metals as well. 

3. Construction materials such as floor covering of plastics, ceramic tiles and metal fittings will have a customs duty of 15% from 10%. 

4. For 2019-20, marble slabs will see twice as much customs tariff of 40%.

5. An increased duty of 7.5% will be imposed on stainless steel in ingots or other primary forms as well as its semi-furnished products, from the earlier 5%.

6. Cigarettes containing tobacco will become more expensive. 

7. A range of automobile parts will also see an increase in rate of duty. That includes motor vehicle parts, chassis and bodies, including cabs, for certain motor vehicles from 10 to 15%.

8. Duty on electronics and electrical equipment increases for indoor and outdoor split-system air conditioning units, loudspeakers, digital video records, network, video recorders, CCTV cameras and optical fibres, among others. 

9. Duty on imported books has been increased by 5% 

10. Cashews are going to get more expensive. While the earlier tariff rate was 45%, it has now been increased to 70% under this budget.

What’s Going to Get Cheaper 

1. Electric items including cell phone cameras, phone chargers and adapters, set-top boxes, lithium-ion cell, display modules 

2. No Duty on electronic parts now manufactured in India

4. No export duty on tanned leather,  while duty on hides, skins, leather, tanned and untanned of all sorts has been reduced from 60% to 40%. 

5. No customs duties on defense equipment and its parts imported by the Ministry of Defence or Armed Forces 

6. No duty on raw material, parts or accessories for use manufacture of artificial kidneys, disposable sterilized dialyzer and micro-barrier of artificial kidney

7. The duty on inputs for manufacturing CRGO steel, and amorphous alloy ribbon have been halved to 2.5% and 5% respectively.

8. No custom duties on all forms of Uranium ores and concentrates for the generation of nuclear power as well as all goods for the generation of nuclear power 

Photo:  Edler von Rabenstein

Read Key Highlights of the Budget 2019 Here

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HP Electric Vehicle Policy 2019 – Govt Proposes 100 percent Transition to EVs by 2030

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HP Electric Vehicle Policy - 2019

Shimla- Himachal Pradesh Electric Vehicle Policy- 2019 is to establish in the state, informed Chief Secretary Dr. Shrikant Baldi during a meeting held on September 18, 2019, regarding the framing of the draft for the policy.

Electric Vehicle policy is targeted at achieving 100 percent transition to Electric Vehicles by 2030 in Himachal in alignment with United Nation’s sustainable development goals and vision of Government of India, Baldi said. It’s intended to save the environment, accelerate demand for EV’s, promote sustainable transport system and to create public-private charging infrastructure for EV’s.

The policy also aims to make Himachal Pradesh a model state for Electric Vehicle (EV) adoption and to provide sustainable, safe, eco-friendly, inclusive and integrated mobility, Baldi informed.

He further added that the policy is being framed to create a conducive atmosphere for a shift from Internal Combustion Engines (ICE) to EV’s, and to encourage the use of hybrid EV’s by the Government entities during the transition period and to create newer employment opportunities.

Under this policy, the promotion of adoption of EV technology would be done by the way of providing fiscal and non-fiscal incentives. It would promote the creation of dedicated infrastructure for charging of EV’s through various incentives as per standards notified for Public Charging Infrastructure by Ministry of Power, Government of India guidelines.

He informed that a viable business model will be developed for private players to set up EV charging stations and infrastructure/. Provision for charging spots in commercial buildings such as hotels and shopping malls have also been included in the policy. Across the state, domestic rate of electrical power will be charged if an electric vehicle is charged at domestic user facility.

In public charging facility and commercial charging stations “Non-Domestic, Non-Commercial” rate of electric power would be applicable. However, the Himachal Pradesh Electricity Regulatory Commission shall be the final authority to determine the rate of electrical power to EV charging stations from time to time.

Himachal Pradesh Electricity Board Limited has been designated as State Nodal Agency for setting up charging infrastructure for EV in the State by the department of Multi-Purpose Projects Power. The State nodal agency shall fix the ceiling of the service charges to be charged by the public or commercial charging stations.

The policy also aims to support local manufacturing for which the State Government would provide incentives to EV batteries and related components manufacturing and disposal in the State. The incentives would be provided to eligible enterprises as per Himachal Pradesh Industrial Policy as applicable from time to time.

A State-level High Power Committee was also constituted for monitoring the implementation of this policy and for development of procedures and modalities where required.

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Solar Power Plants in Himachal Pradesh to be Set up Soon, Rs. 1000 Crore MoUs Singed: HP Govt

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Solar Power Plants in Himachal Pradesh

Shimla-To set Solar Power Plants in Himachal Pradesh, the State Government has signed two Memorandum of Understandings (MoUs) worth Rs. 1000 crore with two companies.

One MoU worth Rs. 600 crore was signed between State Government and Renew Energy Pvt. Ltd. through Director of the Company Prabhat Kumar Mishra for setting up of 150 MW Solar Power Plant in the State to produce green energy. This project is proposed to start production from 2021 and provide employment to over 1000 persons

While another MoU worth Rs. 400 crore was also signed with CSE Development (India) Pvt. Ltd. for setting up of 100 MW  Solar Plant to produce renewal energy by Director Business Development & Head Open Access Vikram Madan on behalf of the company.  This project on completion would provide employment to about 700 persons.

On behalf of the State Government, the MoUs were signed by Principal Secretary, Power and Renewal Energy Resources Prabodh Saxena.  

The government said the projects have direct employment potential of about 1700 people besides self-employment avenues to thousands of people.

The Chief Minister Jai Ram Thakur said the State Government would facilitate the companies to obtain necessary permissions and clearances etc. from the concerned authorities at the earliest so that work on these projects could be started soon. He said that work to set up the plants would be initiated soon as land had already been identified in Una and Kangra districts.

He said that Union Government has fixed the target of harnessing about 99533 MW solar power in the country through renewal solar energy out of which the State has been asked to achieve the target of exploitation of 776 MW solar power by the year 2022.

 

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Video: Leopard Sighting in Shimla on NH-5 Near Kanlog

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Leopard sighting in Shimla city

Shimla-Leopard sightings in residential areas and on roadsides in Shimla is becoming frequent. Last week, a leopard was spotted near Kanlog on Tutikandi-Dhalli bypass. The leopard was captured on a mobile camera by some commuters. The leopard disappeared into the adjoining forest later.

Similarly, a sighting was reported by a local from Chaura Maidan area very recently.

Mostly, the leopards enter residential areas looking for dogs. Littering and inappropriately disposed of garbage attracts dogs and dogs attract leopards.

However, their sighting creates panic among residents. The Forest Department has been trying to capture these leopards by placing cages in the areas from where reports of sighting were received. However, so far, the department did not get any success.

Wildlife experts advise people to not bend down or look into the eyes of a leopard directly in case they encounter one. Bending down or looking directly into their eyes are perceived by these animals as preparedness for attack or a challenge.

Also, as per the experts, leopards are shy animals and avoid humans. They prefer to hunt down prey that doesn’t weigh more than 30-40 kg. That’s why a person in a crouching position would appear like a smaller animal to leopards and the chances are high that they would attack. This also explains why children are more vulnerable than adults.

Make sure that there is no garbage littered near residential areas to avoid attracting dogs.

To be safe, while crossing vulnerable areas, playing loud music on the mobile phone is also advisable. In that case, a leopard won’t mistake a human for another animal.

If you have pets, keep them in enclosed spaces after it gets dark. Do not form a crowd on seeing a leopard. It would frighten the animal and make an attack imminent, say experts.

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