Bad news for India? Indonesia and Thailand up their EV strategy to attract electric vehicle makers
Indonesia and Thailand are offering tax incentives, lower import taxes, and value-added tax breaks to attract electric vehicle manufacturers. Indonesia aims to produce 600,000 EVs by 2030, leveraging its nickel reserves. India is implementing schemes to attract EV companies, while VinFast Auto and BYD plan to enter the Indian market. Key Points
Economic TimesThailand extends nightlife hours in latest effort to boost tourism
Thailand has also waived visa requirements for travelers from India. This policy, effective from next month and extending until May 2024, aims to attract a higher number of tourists, tapping into the growing interest from these regions. Key Points
Economic TimesIndia approves e-vehicle policy with tax relief to rev up manufacturing hub dream
The Indian government has launched a new scheme to boost electric vehicle manufacturing, aiming to attract foreign investments. With a minimum investment requirement of Rs 4,150 crore, the policy seeks to position India as a leading hub for advanced EV technology production. Key Points
Economic TimesJP Morgan to add G-Secs to its emerging market index
In a development that could help India attract $21 billion (Rs 1.7 lakh crore) worth of investments from the next fiscal, global financial firm JP Morgan has said it plans to include Indian government bonds (IGBs) or government securities (G-Secs) into its benchmark Emerging Market index. Key Points
The Tribune IndiaInnova Crysta, Alcazar, Hector Plus, Scorpio-N among vehicles set to attract 22%
The GST Council has clarified that ground clearance refers to unladen conditions. MUVs with engine capacities less than 1500cc will continue to attract a 20% cess. The implications of the 'unladen' ground clearance specification need further clarity. Key Points
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Vivek Ramaswamy for holding Republican debates on X, slams 'boring' current format
Republican presidential candidate has proposed to hold party debates on X (formerly Twitter) and not on television. He said the current debating format was boring and failed to attract young voters. Key Points
India TodayGovt extends deadline to apply for judicial, technical posts at NCLAT till Sep 1
To widen the participation of candidates and attract the best talent, it has been decided to accept further applications, with the last date for submission of the online application being extended to September 1, 2023, the notice said. All other terms and conditions of the vacancy circular, including eligibility criteria, age limit, and qualification, for the posts remain unchanged, it added. Key Points
Economic TimesTwitter ready to share advertising revenue with verified content creators. Details
Twitter will allow verified users with over 5 million impressions on their posts to receive a share of advertising revenue generated from ads displayed in their replies. The move is part of Twitter's efforts to attract more content creators and aligns with its strategy. Key Points
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