News stories about "credits" in India.

Analysis: Tesla taps Biden tax credits to offset EV price cuts

Tesla (TSLA.O) CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. Key Points

Reuters

Soon, you may convert your work experience into a degree

The National Credit Framework (NCrF) has proposed the Recognition of Prior Learning (RPL) program, which allows individuals to convert their work experience into credits towards obtaining a degree. The University Grants Commission (UGC), All India Council for Technical Education (AICTE), and the National Council for Vocational Education and Training (NCVET) are currently reviewing the proposal. Key Points

Economic Times

Is the stock market closed for Diwali-Balipratipada on Tuesday?

The multi-commodity exchange will also be closed for the first half but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Tuesday. The settlement holiday means that the commodity account balance of investors on November 14 will not include the credits from profits on trades or positions in commodity derivatives on November 13 and credits from exiting option positions on November 13. Key Points

Economic Times

ET Explains: All you need to know about the National Credit Framework

India has developed the National Credit Framework (NCrF), a credit system that aims to align education and skilling. The framework, developed by a government committee, allows candidates to earn credits, accumulate, and transfer them for equivalence, enabling multiple entry and exits into the skilling and education ecosystem. Key Points

Economic Times

Sustainiam to generate carbon credits for 400MW renewable assets of Brookfield Asset Management

New Delhi, Sep 23 (PTI) Sustainiam on Monday said it has onboarded 400 MW renewable assets from Brookfield Asset Management to generate carbon credits as part of an agreement. A business entity or group earns a carbon credit by decarbonising its operations. At present, it is a growing market across the globe, “We have onboarded […] Key Points

ThePrint

Senator asks Treasury to bar Chinese battery firms, minerals from US EV tax credits

Democratic Senator Joe Manchin urged the U.S. Treasury on Monday to adopt the "strictest possible standards" to prevent Chinese-produced minerals or Chinese battery companies from winning electric vehicle tax credits. Key Points

Reuters

U.S. Treasury details EV tax credit rebate rules

The U.S. Treasury Department on Friday issued new guidance on how a $7,500 electric vehicle tax credit can be used as a point-of-sale rebate starting in January. Key Points

Reuters

Oppo Reno 8T 5G review: This one’s for curved display stans

Despite the 'T' in Reno 8T 5G suggesting it to be a successor to the Reno 8 5G launched last year, this smartphone has the feel of an entirely different device. Know why in our in-depth review. Key Points

The Indian Express

High-level panel soon for implementing National Credit Framework

A senior official told ET that the government foresees multiple challenges in implementing the NCrF, including standardisation across different qualification frameworks while addressing the unique needs of each stream. Besides issues of data security and privacy related to Aadhaar-enabled data of millions of students in the country is also a huge challenge. Key Points

Economic Times

RBI extends deadline for Paytm Payments Bank restrictions to March 15; here’s what you can do - FAQs answered

India Business News: RBI has extended the restriction on Paytm Payments Bank until March 15, 2024. Find out what you can do and get your FAQs answered. Cashbacks and refunds can still be credited to your Paytm wallet. Key Points

Times Of India

Indian farmers rack up carbon credits with climate-conscious ways

A new method of cultivation, called direct seeded rice (DSR), reduces the overall cost of cultivation by using 12-35% less irrigation water and reducing labor, sowing time, and use of chemical herbicides and fertilisers. The cultivation of rice, a staple food for more than 3 billion people worldwide, is responsible for 12% of global methane emissions and 1.5% of total greenhouse gas emissions. Key Points

Economic Times

China says Biden plan to shut it out of US battery supply chain violates WTO rules

China said the Biden administration's intention to restrict Chinese content in electric vehicle battery tax credits violates trade norms and will lead to global supply chain disruptions. Under the US' plans, U.S. electric vehicle supply chain investors using significant Chinese materials or from designated Foreign Entities of Concern risk ineligibility for tax credits from next year. Key Points

Economic Times

Tesla's margin falls as it boosts discounts to drive demand

Tesla's (TSLA.O) gross profit margin dropped to a four-year low in the second quarter after Chief Executive Elon Musk doubled down on a price war with rival automakers, but sales and profit still beat Street expectations. Key Points

Reuters

US lawmaker to re-introduce bipartisan bill to get EV industry into biofuel program

A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for credits under the nation's biofuel blending program. Key Points

Reuters

Maharashtra Day: Is the stock market closed on Monday?

Indian equity markets, as well as the multi-commodity exchange, will remain closed on Monday due to Maharashtra Day. Analysts expect the current rally to continue as investors track fourth-quarter results and global trends. May has historically been a turbulent month, but data shows that investing in May has produced an average double-digit return 83% of the time by the end of the calendar year. The upcoming week is crucial with policy meetings from the US Fed and ECB and PMI data from the US, China, and India being keenly watched. Key Points

Economic Times