Government Plans Incentive Scheme to Boost Battery Production for Electric Vehicles The Indian government is taking significant steps to accelerate the adoption of electric vehicles (EVs) in the country. One such initiative is the introduction of a new production-linked incentive (PLI) scheme for batteries. Union Minister R K Singh recently announced that this scheme aims to bring down costs and increase the production volumes of batteries, thereby making EVs more accessible and affordable for consumers. […]

India’s Strategy to Avoid EU Carbon Levy and Promote Green Energy Transition   India Explores Local Tax Options to Sidestep EU Carbon Tax, Says Trade Minister India is actively considering implementing a local tax on high-carbon goods as a means to bolster its green energy transition and avoid the European Union’s carbon tax on imports. Trade Minister Piyush Goyal revealed this strategy during an industry event, emphasizing the significance of finding alternatives to the EU’s […]

A Guide to Help India’s Industry Overcome the Decarbonisation Challenge   As industrial leaders increasingly focus on decarbonisation, it has become evident that energy efficiency is an aspect that is often overlooked. But the potential gains from using energy more efficiently could be significant, as it could save 11% of the global carbon emissions forecast for 2030. That’s why the Energy Efficiency Movement (EEM) has published “The Case for Industrial Energy Efficiency,” a guide with […]

GIFT City Seeks Regulatory Changes for Family Offices   Introduction Family offices, used by affluent individuals to safeguard and grow their wealth overseas, have found support from the International Financial Services Centres Authority (IFSCA) in GIFT City. Recognizing a larger concern of unregulated outflows of capital, the IFSCA has approached the Ministry of Finance and Reserve Bank of India (RBI) to explore regulatory changes that could facilitate the establishment of family offices in GIFT City. […]

Appointment of Whole-Time Director(s) in Compliance with Corporate Governance Guidelines   Introduction In accordance with the instructions provided in paragraph 10 and 11 of DOR.GOV.REC.8/29.67.001/2021-22 dated April 26, 2021, regarding ‘Corporate Governance in Banks – Appointment of Directors and Constitution of Committees of the Board,’ proactive measures need to be taken to address the evolving challenges faced by the banking sector. Establishing an effective senior management team becomes crucial in navigating these challenges and facilitating […]