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News on Medial
Indian govt to take legal action against EV makers for subsidy misuse: Report
IndianStartupNews
·
1y ago
Medial
The Indian government is considering taking legal action against three electric vehicle (EV) manufacturers - Hero Electric, Okinawa Autotech, and Benling India - for not repaying subsidies they claimed under the FAME scheme. The Ministry of Heavy Industries aims to recover a total of around Rs 300 crore from the companies. The government may involve investigative agencies such as the Central Bureau of Investigation or the Enforcement Directorate to probe the fraudulent activities. The accused companies have defended their adherence to the FAME scheme guidelines.
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Related News
Centre Mulls Action Against Hero Electric, Okinawa And Benling India For Not Repaying FAME Subsidy
Inc42
·
1y ago
Medial
The Indian government is considering taking legal action against Hero Electric, Okinawa Autotech, and Benling India for the non-repayment of subsidies they obtained under the FAME scheme. The Ministry of Heavy Industries is looking into potential involvement of agencies such as the CBI or Enforcement Directorate for a thorough investigation into subsidy misuse. The government estimates that it could recover around INR 155 Cr from Hero Electric, INR 125 Cr from Okinawa, and INR 50 Cr from Benling. Other companies, including Ampere EV, Revolt Motors, and Lohia Auto, have resolved the issue by refunding the subsidies along with penal interest.
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Rashmika Mandanna viral video: Social media firms liable for legal action, says MoS IT
Economic Times
·
1y ago
Medial
Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, has warned social media platforms, including Instagram, that they are liable for legal action if they fail to remove a recently surfaced deepfake video of Indian actress Rashmika Mandanna. Chandrasekhar stated that under the IT rules, platforms are obligated to remove misinformation within 36 hours when reported by any user or the government. The actress expressed her distress over the incident and called for action to address the misuse of technology. Veteran actor Amitabh Bachchan also supported Mandanna, emphasizing the need for legal action against such incidents.
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Centre Tightens Localisation Norms For EV Component Suppliers
Inc42
·
10m ago
Medial
- Centre tightens localisation norms for EV manufacturers under PM E-DRIVE scheme - Beneficiaries of the EV promotion scheme must disclose component source and inform MHI of any changes - Testing agencies granted rights to inspect premises of EV component suppliers - Stricter rules and regulations to ensure transparency in the subsidy program - Measures taken to prevent misuse of subsidies and ensure quality in EV manufacturing
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Discounts offered on inflated prices on ecommerce must be curbed by govt
Economic Times
·
1y ago
Medial
Think tank CUTS International has urged the government and regulatory bodies to take action against unethical practices, such as offering discounts on inflated prices in the e-commerce sector. Instead of banning flash sales, the report suggests strengthening consumer protection measures and ensuring a level-playing field. The report also emphasizes the need for differentiating between 'deep discounting' and 'predatory pricing' and urges e-commerce platforms to maintain platform neutrality and offer content in regional languages.
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He planned to take legal action against OpenAI: Suchir's mother
Inshorts
·
7m ago
Medial
OpenAI whistleblower Suchir Balaji's mother said his son "was planning to take legal action" against the startup before he died. "We are yet to discover what that legal action is and what his concerns were," she stated. Suchir, who was found dead at his US apartment last month, had accused OpenAI of violating copyright law to train ChatGPT.
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New York Times sues OpenAI, Microsoft for copyright infringement
Economic Times
·
1y ago
Medial
The New York Times has filed a lawsuit against OpenAI and Microsoft, accusing them of copyright infringement in relation to the unauthorized use of its published work to train AI technology. This marks the first major American media organization to take legal action against companies for copyright-related issues in the AI space.
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Centre Mulling Clampdown On Illegal Betting And Gambling Apps Flouting CCPA Guidelines
Inc42
·
1y ago
Medial
The Indian government is planning to take action against advertisements promoting illegal betting and gambling activities during popular events like cricket matches and elections. Such advertisements are in clear violation of the Central Consumer Protection Authority (CCPA) guidelines. The CCPA has reached out to the Ministry of Electronics and Information Technology (MeitY) to identify violators and take legal actions against them, including imposing penalties and banning the operations of betting and gambling apps. Betting and gambling are illegal in most parts of India under the Public Gambling Act of 1867.
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No abuse of dominance: CCI on rejecting plea against Ola, 3 others
Inshorts
·
1y ago
Medial
The Competition Commission of India has dismissed a plea that accused four two-wheeler EV makers of abusing their dominant position in the market. The plea claimed Ola Electric, Ather, Hero MotoCorp and TVS Motor were misusing the FAME subsidy to under-price vehicles and restrict small automakers. "None of the market players appear to have a stable market share," CCI noted.
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Zee to take legal action after Sony terminates $10 billion merger: Report
Livemint
·
1y ago
Medial
Indian broadcaster Zee Entertainment plans to take legal action against Sony Group after the Japanese media company terminated their $10 billion merger of their India operations. Sony has cited failure to agree on certain deal conditions as the reason for the termination and is also seeking $90 million in termination fees from Zee. The termination came after a 30-day grace period ended without reaching an agreement on a deadline.
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HC Trashes Okinawa Plea To Restrain Govt From Recovering Sops
Inc42
·
11m ago
Medial
Three original equipment manufacturers (OEMs) have returned the subsidy amount after receiving demand notices from the government. Okinawa, an electric vehicle (EV) maker, argued that without interim relief, it would have to file for insolvency. The Ministry of Heavy Industries (MHI) issued a notice to Okinawa in May 2020, demanding payment for allegedly violating domestic manufacturing mandates under the FAME-II scheme.
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