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News on Medial
From carrot to stick—Niti Aayog moots stiff norms for EV push
Livemint
·
2d ago
Medial
Niti Aayog proposes higher taxes, stricter emission norms, and increased registration costs for fossil fuel vehicles to accelerate electric vehicle (EV) adoption in India. This strategy aims to move beyond incentives, addressing India's lagging EV adoption compared to global leaders like China and the US. The approach seeks to mitigate supply-chain risks, enhance India's net-zero pathway by 2070, and transition from internal combustion engines to environmentally friendly alternatives through policy shifts emphasizing mandates and penalties.
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Niti moots chemical operational expenditure scheme, faster green nods
Economic Times
·
1m ago
Medial
Niti Aayog has proposed interventions to bolster India's chemical sector, including financial support for operational expenses, expedited environmental clearances, and targeted free-trade agreement negotiations. The proposals aim to enhance global competitiveness by focusing on skill enhancement and production incentives. With these reforms, India targets a $1 trillion chemical sector by 2040, aiming to double production by 2030, eliminate the trade deficit, increase exports by $35-40 billion, and create 700,000 skilled jobs.
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EV owners will soon get a Battery Passport for their vehicles. One scan Will reveal everything
Economic Times
·
29d ago
Medial
India plans to introduce a "Battery Passport" system for electric vehicles (EVs), providing detailed digital information about batteries via QR codes. Initiated by Niti Aayog, this system records battery specifications, enhancing safety and quality. It aims to prevent safety hazards linked to varying battery cell ages and boost EV export potential. The initiative supports a forthcoming battery swapping policy and aligns with government incentives for global EV manufacturers to establish production units in India.
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NITI Aayog Lays Out Roadmap To Boost Exports From MSMEs
Inc42
·
1y ago
Medial
The report from NITI Aayog suggests several measures to boost exports from micro, small, and medium enterprises (MSMEs) in India. It highlights the need to distinguish between exporter on record (EOR) and seller on record (SOR) for ecommerce exports and recommends a green channel clearance for MSME ecommerce exporters. The report also calls for easing compliance requirements and providing time-bound disbursement of incentives for MSMEs. NITI Aayog emphasizes the significant contribution of MSMEs to employment generation, exports, and overall economic growth in India. They also identify specific sectors such as handicrafts, textiles, ayurveda, and leather goods as export opportunities for Indian MSMEs.
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NITI Aayog to come up with model FDI promotion template to enhance ease of doing business in states
Economic Times
·
27d ago
Medial
NITI Aayog is developing a model FDI promotion template to improve states' investment readiness and ease of doing business. A workshop chaired by NITI Aayog member Rajiv Gauba highlighted areas like decriminalizing laws, compliance reduction, and enhancing single window clearance systems. Consistent post-establishment support and effective international outreach were emphasized to attract quality investment. Stakeholders emphasized digitizing state systems, improving fiscal incentives for MSMEs, and enhancing logistics connectivity.
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DPI platform ‘Niti for States’ to offer key insights to officials
Economic Times
·
1y ago
Medial
The Indian government's policy advisory body, Niti Aayog, is launching a digital knowledge platform called Niti for States. The platform aims to provide a digital public infrastructure for policy and governance, with a focus on enabling better decision-making at all levels of government. It will feature a repository of best practices, policy documents, datasets, and publications across various sectors. The platform will also integrate artificial intelligence to provide contextually relevant insights. Niti Aayog plans to make the platform accessible to all stakeholders, including think tanks and academia. Additionally, a voice-enabled strategy room will be launched to facilitate immersive discussions and decision-making.
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India should lead the world in technological advances: Former Niti Aayog CEO Amitabh Kant
Economic Times
·
4m ago
Medial
Former Niti Aayog CEO Amitabh Kant stressed India's need for technological sovereignty and leadership, avoiding mere imitation of Western nations. Speaking at Startup Mahakumbh, he urged startups to explore deeptech sectors like AI, space, and green technology, advocating for open-source models based on domestic data. Highlighting China's dominance in solar, battery, and EV markets, Kant emphasized India's challenge to significantly advance in these areas, noting the rise of recognized startups from 400 in 2016 to over 161,000 by 2025.
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EV Supply Chain Riskier Than Oil & Gas: NITI Aayog CEO
OutlookIndia
·
2m ago
Medial
NITI Aayog CEO B.V.R. Subrahmanyam highlighted concerns about India's dependence and concentration risks in the EV battery supply chain, which surpass those in the oil and gas sector. While India excels in battery pack assembly, it lacks upstream production of crucial ecosystem components and raw materials like lithium. To prevent unsustainable import dependency, a focus on building a science and innovation-based ecosystem is essential. The Battery Summit showcased innovative technologies and initiatives like Battery Aadhaar for enhanced traceability.
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Ashwini Vaishnaw launches NITI Aayog's digital public infrastructure platform
IndianStartupNews
·
1y ago
Medial
Union Minister Ashwini Vaishnaw has launched the 'NITI For States' platform, which aims to enhance digital governance and informed decision-making. The initiative by NITI Aayog aims to establish a robust Digital Public Infrastructure for policy-making and administration. The platform includes an interactive space called the 'Viksit Bharat Strategy Room' to facilitate data-driven decision-making. It also provides a comprehensive repository of knowledge, best practices, and policy documents. The platform is accessible through various devices and supports collaboration from different government organizations.
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NITI Aayog may prepare a blueprint to push India's private capex
Economic Times
·
1m ago
Medial
The NITI Aayog plans to create a strategy to boost private infrastructure investment, responding to a projected 25% decline in private sector capital expenditure this fiscal year. Despite government encouragement for increased capex, private sector participation remains inadequate. The focus will be on improving regulatory compliance, finance costs, skilled labor availability, and ease of business. The Aayog will consult industry leaders and stakeholders to address existing challenges and encourage private sector investment.
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Achieving EV30@30 Vision Requires Consistency In FAME-III Subsidies & Incentives: Amitabh Kant
Inc42
·
1y ago
Medial
Former CEO of NITI Aayog and G20 Sherpa for India, Amitabh Kant, emphasized the potential of the Bengaluru-Mysore belt in Karnataka to become the country's semiconductor industry hub. The semiconductor industry in India is projected to grow at a 24% CAGR to reach $150 billion by 2030. Kant discussed various topics during an interview, including government subsidies for the Indian EV ecosystem, domestic battery manufacturing, responsible AI implementation, and the need for better corporate governance in startups. The region's resources and reliable electricity supply make it an ideal location for chip manufacturing and semiconductor design.
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