Budget 2024: EV industry wants GST rate rationalisation, investment in charging infra
Expanding EV infrastructure is essential for promoting widespread EV adoption in India, say industry executives.
Expanding EV infrastructure is essential for promoting widespread EV adoption in India, say industry executives.
The sector has also called for investment in technology and digitisation for smooth functioning of the sector.
The real estate industry hopes for its long-standing demands such as industry status, greater tax exemptions on loans to be met.
With more intermittent renewable energy coming to the grid, the budget should support storage solutions to address green power unavailability during peak times.
Indian Space Association (ISpA) wants the government to draw inspiration from the PLI scheme for drones and introduce a similar scheme for space-grade components.
The gold and jewellery industry expects continuation of pro-growth and pro-gold policy reforms.
Keeping General Elections 2024 in mind, govt may surprise the middle class with some bonanza on housing, income tax or consumption front
Govt may aim for measures to improve consumption in the near term; further reforms on the taxation front likely
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
Battery recycling startup Lohum expects the government to reduce the goods and services tax (GST) on waste lithium-ion batteries from 18% to 5%.