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Union Minister Nitin Gadkari lays foundation for NH projects worth Rs 2,042 crore in Karnataka
Economic Times
·
25d ago
Medial
Union Minister Nitin Gadkari inaugurated nine national highway projects in Karnataka with an investment of Rs 2,042 crore. These projects, covering 88 km, include road safety improvements and new constructions. Gadkari mentioned current and future projects worth Rs five lakh crore in the state, emphasizing enhanced connectivity and reduced travel times. Significant developments include a Ring Road in Bengaluru, and improved links between states like Karnataka, Andhra Pradesh, and Tamil Nadu. This expansion illustrates India's broader infrastructure ambitions.
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Govt aims to make Indian auto industry world's No. 1: Gadkari
YourStory
·
8d ago
Medial
Union Minister Nitin Gadkari aims to make India's automobile industry the world's largest, highlighting its growth to Rs 22 lakh crore and its creation of 4.5 crore jobs, the highest in the country. Speaking in New Delhi, Gadkari noted that the industry contributes significantly to the economy and GST revenue but also emphasized the need to address pollution challenges by developing greener fuels, and diversifying agriculture towards energy and power.
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Indian EV market to touch one crore units in annual sales by 2030: Nitin Gadkari
YourStory
·
11m ago
Medial
India's electric vehicle (EV) market is projected to reach one crore annual sales by 2030, according to Union Minister Nitin Gadkari. This growth is expected to create five crore jobs in the country. Gadkari also expressed hopes that India will become the top global automotive manufacturing hub. The potential of India's EV market is estimated to be around Rs 20 lakh crore by 2030, with an estimated Rs 4 lakh crore in the EV finance market. The minister noted that the cost of lithium-ion batteries is expected to decrease, making EVs more affordable and driving higher adoption rates.
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Tamil Nadu CM MK Stalin lays foundation for 28 projects worth Rs 51,157 crore
Economic Times
·
11m ago
Medial
Tamil Nadu Chief Minister MK Stalin inaugurated 19 projects worth Rs 17,616 crore and laid the foundation for 28 industrial projects totaling Rs 51,157 crore. The projects span various sectors and are expected to create employment opportunities for around 100,000 people. Tamil Nadu aims to become a trillion-dollar economy by 2030 and has attracted significant investments, with the state government encouraging further business collaborations. Notable investments include a green hydrogen and ammonia manufacturing unit, pumped storage projects, and the establishment of a hydrogen innovation center by Hyundai Motor India in partnership with IIT Madras.
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India's Small Cities Home to Over 400 EV Makers: Nitin Gadkari
OutlookIndia
·
4m ago
Medial
Over 400 electric vehicle (EV) manufacturers are operating in India’s smaller cities, indicating a thriving startup ecosystem, according to Union Transport Minister Nitin Gadkari. Speaking at the Convergence India Expo, Gadkari highlighted the vast domestic and export opportunities arising from this momentum in electric mobility, supported by 42% of India’s power being generated from renewable resources. He also noted efforts to produce biofuels and tackle pollution through innovation, enhancing sustainable transportation in the country.
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Nitin Gadkari wants states to push for GST cut on flex-engine vehicles —‘MDs of Tata, Suzuki & Toyota have decided to…’ | Mint
Livemint
·
11m ago
Medial
Union Minister of Road Transport and Highways, Nitin Gadkari, has urged state governments to support a reduction in Goods and Services Tax (GST) on flex-engine vehicles. He proposed lowering the GST to 12% for flex engines, cars, and scooters in order to promote these eco-friendly options. Gadkari emphasized the economic viability, technological advancements, raw material availability, and marketability of flex engines. Several automobile manufacturers, including Tata, Suzuki, and Toyota, have committed to launching flex engine vehicles in India. Gadkari highlighted the potential market opportunities and environmental advantages of using biofuels in these vehicles.
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Nitin Gadkari writes to FM, seeks withdrawal of 18% GST on life, medical insurance premiums
Money Control
·
12m ago
Medial
Road, transport, and highways minister Nitin Gadkari has written to finance minister Nirmala Sitharaman, requesting the removal of the 18% GST on life and medical insurance premiums. Gadkari argues that taxing these premiums is burdensome for senior citizens and hinders the growth of the sector. Both life and medical insurance premiums currently attract an 18% GST. The request was made in response to a memorandum submitted by the Nagpur Divisional Life Insurance Corporation Employees Union. The next meeting of the GST Council is expected to take place in August.
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Infosys invests Rs 230 crore in new development center in Nagpur
OutlookIndia
·
1y ago
Medial
Infosys has opened a new development center in Nagpur, Maharashtra. The facility, spread across 265,000 square feet and with an investment of over Rs 230 crore, aims to provide flexible working options and skill development for employees. The center will focus on next-gen technologies like AI and cloud and serve multiple industries. It can accommodate over 3,000 employees and follows green building standards for sustainability and efficiency. The inauguration was attended by Union Minister Nitin Gadkari and Deputy Chief Minister of Maharashtra Devendra Fadnavis.
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Nitin Gadkari asks industry not to demand tax cuts perennially. Here's why
YourStory
·
5m ago
Medial
Union Minister Nitin Gadkari advised the industry against persistently seeking tax reductions, noting the government's need for funds to support welfare programs. Speaking at an event, he highlighted plans to lower India’s logistics costs from the current 14-16% to 9% within two years, enhancing global competitiveness. Gadkari emphasized balanced taxation to fund welfare for the underprivileged and urged India Inc. to cut production costs without compromising quality while focusing on reducing imports and boosting exports.
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Ola Electric's issues concern taxpayers, Gadkari should intervene: Congress
Inshorts
·
10m ago
Medial
Kerala Congress asked Union Minister of Road Transport Nitin Gadkari to intervene after several customers complained about issues with Ola Electric scooters. "The reported quality issues...concern every tax payer of this country," it said. "We've been giving huge subsidies to these companies...This is also a serious brand image issue for our country," it added.
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Electric vehicle makers no longer need to be subsidised by govt: Gadkari
YourStory
·
11m ago
Medial
Union Minister Nitin Gadkari stated that there is no need to provide subsidies for electric vehicle (EV) manufacturers as consumers are choosing EVs and compressed natural gas (CNG) vehicles on their own. Gadkari noted that the manufacturing costs of EVs have decreased with increased demand. He asserted that the government does not need to provide significant subsidies for EVs anymore, and that the reduced Goods and Services Tax (GST) on EVs compared to petrol and diesel vehicles is already beneficial. Gadkari expects the cost of diesel, petrol, and EVs to be the same in two years.
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