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MHI issues guidelines for EV passenger car manufacturing scheme

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The Ministry of Heavy Industries (MHI) has issued final guidelines for the “Scheme to Promote Manufacturing of Electric Passenger Cars in India.” The scheme supports India’s Make in India initiative and aims to attract global electric vehicle (EV) manufacturers. Approved applicants will be allowed to import completely built-up (CBU) electric four-wheelers (e-4W) at a reduced customs duty of 15 per cent for five years. Imported vehicles must have a minimum cost, insurance, and freight (CIF)…

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BHEL to commission 9 GW of thermal power in FY 2024

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Bharat Heavy Electricals Limited (BHEL) is set to commission nine GW of thermal power generation capacity in the current financial year.  This addition, valued at approximately Rs 650 billion, will contribute to the nation’s existing 237 GW thermal power capacity. The projects have been awarded to BHEL by power generation companies, including NTPC, Tamil Nadu, Maharashtra, and Uttar Pradesh, since 2017.  Delays due to land and environmental approvals were addressed through follow-ups by the central…