BJP says Congress govt imposing new taxes to increase revenues since funds are tied up in its 5 guarantee schemes which are expected to cost state estimated Rs 60,000 cr annually.
RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.
PM Modi singled out Opposition-ruled states for doing ‘injustice’ to the people by not reducing fuel taxes. He also praised BJP-ruled states for following Centre’s recommendations.
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
The choice between the (notional) revenue loss on the one hand and environmental and ergonomic impact of EVs has been made already. Hence, this study highlights is no new information, really. The EV program is largely a benevolent endeavour which will create much cheaper, sustainable transportation in the long run. The price paid now will be worth it.
The choice between the (notional) revenue loss on the one hand and environmental and ergonomic impact of EVs has been made already. Hence, this study highlights is no new information, really. The EV program is largely a benevolent endeavour which will create much cheaper, sustainable transportation in the long run. The price paid now will be worth it.
That means even subsidised EVs are costlier than ICEs. This is bad pricing on part of EV makers.