Transport dept proposes e-bus charging depot in Mysuru division
The transport department submitted a proposal to the Union govt, for the establishment of an e-bus charging depot at KSRTC Mysuru division to support its electric bus fleet.This dedicated charging infrastructure depot is proposed to be built on 4.5 acres of land at Banni Mantap, where KSRTC is constructing a new suburban bus stand using the land available at the sprawling bus depot.The facility is exclusively to support electric buses operating from Mysuru. It will have features like a charging station, e-bus parking lot, restrooms, and several other facilities. About 100 e-buses can park at a time once this facility is set up in Mysuru.Mysuru KSRTC division has bus depots in different areas of the city such as Vijayanagar, Sathagalli, Kuvempu Nagar, and Banni Mantap for its diesel-operated buses, but the proposed depot is dedicated to e-buses.The department sent this proposal to the Union govt as Bengaluru received 2,000 electric buses under the Pradhan Mantri e-drive initiative aimed at pushing sustainable and eco-friendly transport system.Another 2,500 e-buses are expected to join Bengaluru by the end of 2026. Mysuru KSRTC division also received e-buses under the scheme.Speaking to TOI, KSRTC Mysuru divisional manager HT Veeresh said that the department already sent this proposal for the establishment of e-bus depot in Mysuru, after identifying 4.5 acres of land available at Banni Mantap.The PM e-drive scheme initiated by the Union govt at a cost of Rs 10,500 cr plans to roll out 14,028 e-buses across nine Indian cities, including Bengaluru, between 2024-26. The scheme also aims to build a network of 72,000 charging points in cities, including Mysuru, along highways to accelerate EV adoption.As the Union govt was also rolling out essential infrastructure such as charging hubs, depots, and related civil facilities to support the incoming fleet, an e-bus depot is also coming up in Mysuru, he said.This e-bus depot is a must for the charging hubs with huge electric plugs exclusively charging electric buses, which are fitted with 145-kilowatt electric motor capacity. This proposal also includes the establishment of charging stations in the city bus stand and KSRTC suburban bus stand, he said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
20 minutes ago
- Time of India
New Income Tax Bill gets Lok Sabha nod
The Lok Sabha approved the new income tax bill, eliminating alternate minimum tax on LLPs and allowing refund claims even without timely return filings. Replacing the 1961 Act, the bill simplifies language, redefines terms like 'tax year,' and incorporates select committee recommendations. It maintains loss carry forward provisions, tweaks MSME definitions, and reintroduces deductions for inter-corporate dividends. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Lok Sabha on Monday gave its nod to the new income tax bill , which does away with alternate minimum tax on limited liability partnership (LLP) firms and allows refund claims even if taxpayers do not file returns within the due Income Tax (NO.2) Bill, which will replace the Income Tax Act , 1961 from the next financial year, was introduced by Union finance minister Nirmala Sitharaman and passed in the Lok Sabha amid din without a debate. It will now go to Rajya Sabha for its approval. The bill cuts down wordage and chapters by almost half and presents the clauses in simpler and easier to understand does away with the confusing concepts of assessment year and previous year, replacing them with "tax year".The original Income Tax Bill, 2025, which was introduced in February, was withdrawn by the minister on Friday and the new bill incorporating "almost all recommendations" of the select committee, headed by parliamentarian Baijayant Panda, which had scrutinised the original bill, was bill has maintained status quo on loss carry forward provisions, exempted non-profit organisations from taxing anonymous donations received by purely religious trusts and tweaked the definition of MSMEs (micro, small and medium enterprises) in alignment with the MSME Act, which were part of the recommendations of the has also reintroduced deductions in respect of certain inter-corporate dividends for companies opting for concessional rate of taxes in line with the provisions of the existing Income-tax Act, 1961 and nil tax collected at source on Liberalised Remittance Scheme remittances for education purposes financed by any financial bill has added the term 'profession' alongside 'business' under electronic payment rules, which means professionals with income of more than ₹50 crore annually must use prescribed electronic modes of bill has also clearly defined deductions for commuted pension and gratuity received by family said some of the pain points have been removed."The revised Income-tax Bill, 2025 demonstrates the government's receptiveness to parliamentary recommendations, incorporating targeted amendments to enhance clarity, ease of compliance and consistency with existing legislation," said Sandeep Jhunjhunwala, partner, Nangia Andersen LLP."To give a few examples, the provisions of levying alternate minimum tax on LLPs has been done away with, the rigours placed on charitable trust have been removed, the provisions of transfer pricing and the definition of 'associated enterprise' to whom these provisions apply, have been relaxed," said Dinesh Kanabar, CEO, Dhruva Advisors.
&w=3840&q=100)
Business Standard
20 minutes ago
- Business Standard
New Income-Tax Bill restores alternate minimum tax relief for LLPs
In a relief for non-corporate taxpayers, the government on Monday corrected an earlier drafting error, reinstating relief from the alternate minimum tax (AMT) for partnership firms and limited liability partnerships (LLPs) under the revised Income Tax (No. 2) Bill, 2025, presented in Parliament by Union Finance Minister Nirmala Sitharaman. The revised Bill, which incorporates almost all of the recommendations of the Select Committee chaired by Baijayant Panda, was passed by the Lok Sabha through a voice vote, without discussion. The House also approved the Taxation Laws (Amendment) Bill, 2025, which grants tax relief under the new Unified Pension Scheme, extends benefits to Saudi Arabia's Public Investment Fund, and clarifies block assessment rules following tax searches. Both Bills now move to the Rajya Sabha for consideration and will become law upon receiving Presidential assent. AMT, levied at 18.5 per cent plus cess and surcharge for non-corporate taxpayers, is intended to ensure high earners cannot fully offset their tax liabilities through exemptions. LLPs with only long-term capital gains (LTCG) income are otherwise taxed at 12.5 per cent. The earlier version of the Bill had omitted a critical reference to Chapter VI-A deductions in the AMT provisions for LLPs. This would have exposed LLPs — including those earning solely LTCG taxed at 12.5 per cent — to the higher AMT rate of 18.5 per cent plus cess and surcharge. The revised draft restores this reference in Clause 206, ensuring AMT applies only when total income is reduced by such deductions, consistent with the original intent. While the Select Committee made more than 285 recommendations, it did not propose altering the AMT framework for LLPs as contained in the first version of the Income Tax Bill, introduced in February. According to the Bill's statement of objects and reasons, alongside the committee's proposals, the government incorporated stakeholder suggestions to convey the proposed legal meaning more accurately, including 'corrections in the nature of drafting, alignment of phrases, consequential changes and cross-referencing'. One significant Select Committee recommendation, however, has been dropped. This would have broadened transfer pricing scrutiny by allowing a company to be treated as an 'associated enterprise' if it exercised 'substantial influence' over another, even without meeting current shareholding or board control thresholds. The provision would have brought a larger set of inter-corporate transactions under transfer pricing rules, which are designed to ensure related-party dealings reflect market value and prevent profit shifting. Dinesh Kanabar, chief executive officer of Dhruva Advisors, said the earlier draft risked introducing subjectivity. 'The earlier Bill proposed that two 'enterprises' would be regarded as associated if at any time during the year there was common management or control, irrespective of the Act's specific definitions. It is now provided that only in specified circumstances will management and control be deemed common, and the test applies as at the end of the year. This removes subjectivity and the litigation that goes with it,' he said. The latest version of the Income Tax Bill also restores key tax benefits for charitable and religious trusts. It reinstates a provision that allows such entities to reinvest capital gains in new capital assets to claim exemption, as well as the option to apply unspent income in the immediately succeeding year without losing tax benefits. A senior Central Board of Direct Taxes official said: 'If a charitable or religious trust sells a capital asset – such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes. This treatment already existed under the Income-tax Act, 1961, and the new Bill retains the same rule.'
Economic Times
20 minutes ago
- Economic Times
In 2019, Rs 50K was gold and now it can't pay rent: CA explains why most are struggling, not 'surviving' in urban cities
Synopsis Chartered Accountant Nitin Kaushik has warned that in 2025, earning less than Rs 50,000 a month in metros like Bengaluru, Mumbai, or Pune means barely covering basic expenses. He says rent alone swallows 40-60% of income, with essentials and lifestyle costs doubling in three years. Bengaluru's prime-area rents have surged up to 100% since 2022. Kaushik estimates singles need Rs 20-30 lakh annually for comfort, families Rs 40-50 lakh. Even Rs 1 lakh earners struggle, prompting his call for upskilling, smart budgeting, and early investment. TIL Creatives Representative AI Image Living in India's largest cities has become a battle to stay afloat. Chartered Accountant Nitin Kaushik says that in 2025, a monthly income below Rs 50,000 in Bengaluru, Mumbai, or Pune means 'barely breaking even' rather than on X, he warned that rents alone consume 40-60% of many urban salaries. Add transport, food, and utilities, and there is little left over. 'Living in a metro today without a strong salary equals financial pressure 24x7,' Kaushik wrote. — Finance_Bareek (@Finance_Bareek) Bengaluru, long considered India's tech capital, has seen one of the sharpest rent hikes. Kaushik pointed out that in prime neighbourhoods, one-bedroom flats that cost around Rs 18,000 a month in early 2022 now exceed Rs 30,000. That is an increase of 70-100%.He linked the rise to several factors — the return to office after COVID, a wave of job relocations, and growing real estate demand from NRIs and investors. Kaushik also highlighted that the price of essentials such as food, energy, and transport has stayed high. Combined with lifestyle spending, this has made metro living nearly twice as expensive as it was just three years ago. For those hoping to live comfortably, Kaushik estimates that in 2025, a single person in Bengaluru would need a CTC of Rs 20-30 lakh a year. For a family with one child, that figure rises to Rs 40-50 lakh, which he says would cover good housing, schooling, leisure, and savings. Kaushik warned that even households earning Rs 1 lakh a month are often stuck living paycheck to paycheck due to lifestyle expenses. His advice is direct: upskill to increase income, manage rent and commuting costs, start investing early, and look beyond headline salaries to focus on take-home pay after adjusting for living summed up the shift bluntly: 'Your Rs 50K/month in 2019 was gold. In 2025, it barely pays rent.'
