India's Ministry of Environment and Forests will see its budget for the next fiscal year increase only marginally over the current year, from Rs 2,200 crore ($488 million) in fiscal 2010 to Rs 2,300 crore ($510 million) in fiscal 2011. The budget includes Rs 600 crore ($133 million)...
the total cost becomes ₹105. Upon adding ₹50 in value to the product, he sells it for ₹155. The GST on ₹155 is ₹7.75, but he can claim an input tax credit of ₹5 for the GST paid on raw materials. Therefore, the net GST liability of the manufacturer is ₹2.75...
Moreover, there was a notable focus on promoting the shift to electric vehicles (EV) through the expansion of EV charging networks, thereby offering opportunities for small vendors in manufacturing and maintenance. The PLI for semiconductor manufacturing is set at INR 760 billion (USD 9.71 billion...
To support the return of overseas-listed Chinese technology companies, tax breaks for individuals and institutions that invest in overseas-listed innovative firms' Chinese depositary receipts (CDRs) will be able to enjoy tax benefits from September 21, 2023 to December 31, 2025. For domestic indivi...
The EU package is a response to a landmark US spending bill last year that funnels US$370b into subsidies for the US's energy transition. The Inflation Reduction Act (IRA) offers huge subsidies and tax credits to companies investing in electric vehicles and renewable energy technologies, such...
a 13 percent year-on-year upswing. Regarding new energy vehicles, Geely sold a total of 157,889 pure electric vehicles and plug-in hybrid electric vehicles during the period, surging by 44 percent compared to the previous year. Additionally, exports rose to 121,185 units in the first half,...
y Customers, by applying reduced rates of taxes to electric vehicles. 9 bp tax report 2022 Where incentives exist and apply to our business activity, we aim to use them transparently and in the manner intended. The diagram below provides examples of tax incentives that may be used ...
how global EV giants and local markets can collaborate for mutual benefits. For Tesla, it’s an opportunity to tap into one of the world’s largest consumer markets. For India, it’s a chance to accelerate its transition to clean energy and enhance its technological prowess in the EV ...
The two economists advising Elizabeth Warren, Emmanuel Saez and Gabriel Zucman, havea new studyextolling the ostensible benefits of a wealth tax. I want to focus on their economic arguments, but I can’t resist starting with an observation that I was rightwhen I warnedthat the attack on finan...
a 13 percent year-on-year upswing. Regarding new energy vehicles, Geely sold a total of 157,889 pure electric vehicles and plug-in hybrid electric vehicles during the period, surging by 44 percent compared to the previous year. Additionally, exports rose to 121,185 units in the first half,...