Latest news with #Scheme
Business Standard
2 days ago
- Business
- Business Standard
Advait Energy Transitions receives LoA valued at Rs 49.99 cr
From Dakshin Gujarat Vij Energy Transitions (formerly known as Advait Infratech) has received Letter of Acceptance (LoA) for Turnkey Contract (Supply, Installation, Testing and Commissioning) of 11 KV 55mm2 AAAC Medium Voltage Covered Conductor (MVCC) with its accessories (Poles and its fabrications will be supplied by DGVCL) in jurisdiction area of Dakshin Gujarat Vij Co. (DGVCL) under Vanbandhu Kalyan Yojana (VKY-2) Scheme on 29 May 2025. The contract is worth Rs 49.99 crore. Powered by Capital Market - Live News
Time of India
4 days ago
- Politics
- Time of India
UP allocates over Rs 39.4 crore for aids to people with disabilities
Lucknow: The state govt has allocated Rs 37.4 crore for the distribution of artificial limbs and assistive devices, along with Rs 2 crore dedicated to the distribution of motorised tricycles, to persons with disabilities in 2025-26. On Tuesday, minister of state (independent charge) for Backward Class Welfare and Empowerment of Persons with Disabilities, Narendra Kashyap, reviewed Divyangjan welfare schemes and directed officials to prepare an action plan in collaboration with ALIMCO for the proper implementation of the scheme. He also directed officials to conduct the distribution of motorised tricycles under the centrally-supported ADIP (Assistance to Disabled Persons for Purchase/Fitting of Aids and Appliances) Scheme at the earliest. The minister said that an accurate list of motorised tricycle beneficiaries should be uploaded on the ARJUN portal. He said that this list must be updated regularly to prevent duplication and to make the distribution process completely transparent. He also said that no eligible beneficiary should be left out. "The goal of the Yogi Adityanath govt is to make Divyangjans self-reliant. For this, the distribution process should be made simple, fast, and transparent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Write Better, Work Smarter With This Desktop App Grammarly Install Now Undo Recently, 100 motorised tricycles were distributed to Divyangjans in each Lok Sabha constituency. Now, the plan is to expand this initiative further and provide benefits to all in need based on demand and eligibility," he said. Lucknow: The state govt has allocated Rs 37.4 crore for the distribution of artificial limbs and assistive devices, along with Rs 2 crore dedicated to the distribution of motorised tricycles, to persons with disabilities in 2025-26. On Tuesday, minister of state (independent charge) for Backward Class Welfare and Empowerment of Persons with Disabilities, Narendra Kashyap, reviewed Divyangjan welfare schemes and directed officials to prepare an action plan in collaboration with ALIMCO for the proper implementation of the scheme. He also directed officials to conduct the distribution of motorised tricycles under the centrally-supported ADIP (Assistance to Disabled Persons for Purchase/Fitting of Aids and Appliances) Scheme at the earliest. The minister said that an accurate list of motorised tricycle beneficiaries should be uploaded on the ARJUN portal. He said that this list must be updated regularly to prevent duplication and to make the distribution process completely transparent. He also said that no eligible beneficiary should be left out. "The goal of the Yogi Adityanath govt is to make Divyangjans self-reliant. For this, the distribution process should be made simple, fast, and transparent. Recently, 100 motorised tricycles were distributed to Divyangjans in each Lok Sabha constituency. Now, the plan is to expand this initiative further and provide benefits to all in need based on demand and eligibility," he said.
Time of India
5 days ago
- Automotive
- Time of India
Assam unveils ₹25,000 crore plan to push electronics manufacturing
The Assam government Monday unveiled a ₹25,000-crore scheme to boost electronics manufacturing in the state with a major share earmarked for incentivising component makers, chief minister Himanta Biswa Sarma to ET, Sarma also said Assam—picked by Tata Electronics for setting up a ₹27,000 crore chip assembly and test plant—will give 60% incentive to component makers beyond the Union government grant. Incentive will be enhanced depending on the investment Tata facility in Jagiroad, Assam, is expected to start operations by March-April next year, Sarma said, adding that the state government is also building a Ratan Tata Electronics City. 'Tata project has opened our eyes, and we realised that we have an advantage in electronics, and other related areas. So, we have quickly come out with the policy on electronics component manufacturing following the central government initiative. Now we are hoping that we will be able to do something more,' he said. The state government scheme offers production-linked incentives as well as capital subsidy. 'Over the next one or two years, I think we'll be able to negotiate more and more industries (to come in),' Sarma said. Highlighting that Assam offers more fiscal benefits than other states, he said this will allow industries to avail multiple schemes. Benefits include the Union government's scheme, Assam's own incentives, as well as the Centre's 'Unnati' benefits package for the Northeast that includes interest subvention, and power and tariff incentives. 'We are ready to negotiate more if we get a very good proposal,' Sarma said. This March, the Union cabinet had approved a ₹ 23,000 crore programme to further bolster the country's electronics manufacturing supply chain. The Electronics Component Manufacturing (ECM) Scheme—spanning six years—is expected to generate investments worth ₹ 60,000 crore. The scheme would seek to increase domestic value addition and integrate local companies with global value chains. This is just the beginning, Sharma noted after meeting electronics industry leaders in New Delhi. The chief minister is preparing to hold similar industry meetings in Mumbai, Bengaluru, and Chennai over the next three months to gauge interest from companies. On tariff uncertainties sparked by the Trump administration, Sarma said this phase will pass soon as India's discussions on a free trade agreement (FTA) with the US are progressing well. States are ready to take advantage of any FTA, he added. Sharma emphasised that setting up of the Tata Electronics plant in Assam is a 'natural advantage' for the state. 'Whatever (components) Tata requires, or whatever can go along with be able to realise more and more where Assam fits into (this) but it is a huge area,' he said, adding chip requirements for the local and global markets will become clear by next year when India's existing facilities become operational. He expressed the hope that many youngsters who migrated to other states for work will return to Assam as new industries open. 'We were producing human resources, but not for us,' Sarma said. 'When the industry started to materialise, and they have actually started working, we realised that there is a lot of manpower in Assam spreading across various states - in Tamil Nadu, in Karnataka. We realised that we have huge potential.'
Time of India
5 days ago
- Business
- Time of India
West region discom approves Rs 23k crore budget for FY2025-26
Indore: Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited (MPPKVVCL) on Monday approved an annual budget of Rs 22,966 crore for the financial year 2025-26. The budget was approved by company's board of directors in a meeting in Indore which was virtually attended by energy secretary and company chairman Avinash Lavania from Bhopal and other members. During the meeting, Lavania praised the company's performance and emphasised the need to further enhance effectiveness of smart metering Scheme. Decisions were taken on various issues like employee welfare, new recruitment processes, projects under Revamped Distribution Sector Scheme and Smart Grid System, and nomination of new board members. Of the total budget, Rs 22,346 crore has been allocated for revenue expenses, while Rs 620 crore has been earmarked for capital expenditure (CAPEX) projects. A significant 91% of the total budget will be spent on electricity procurement. Company managing director Anoop Kumar Singh presented insights into the ongoing efforts to reduce losses, improve consumer services, plans for metering in rural areas, smart metering initiatives, and departmental investigations. The approved budget underscores the company's commitment to strengthening its infrastructure and enhancing service delivery to consumers in the region, the MD said. Last financial year, the company's budget was of Rs 21,161 crore.
Time of India
6 days ago
- Automotive
- Time of India
Tata Motors Demerger: Everything You Need to Know
Indian conglomerate Tata Group is planning to split its automotive business into two listed companies—one for passenger vehicles and another for commercial vehicles. This demerger is expected to boost employment and aligns with the company's long-term growth strategy. Here are the key highlights: How will segregation work? The Tata Motors Group will be divided into two separate listed entities: Tata Motors Passenger Vehicles (TMPV) – This will include the passenger vehicle segment, electric vehicles, and Jaguar Land Rover (JLR).TML Commercial Vehicles (TMLCV) – This entity will focus exclusively on commercial vehicles. What will be the impact? Tata Sons Chairman N. Chandrasekaran described the demerger as a strategic move to accelerate business performance. 'The proposed demerger will bring greater strategic clarity and agility, enabling a more focused approach to execution and value creation—delivering superior experiences for customers, rewarding careers for employees, and long-term returns for shareholders,' he said in the company's 80th Integrated Annual Report. In FY25, a tough year for Tata Motors, commercial vehicle sales declined by 5.1 per cent year-on-year to 384,704 units, and passenger vehicle sales slipped 3 per cent to 556,367 units. When is it expected to happen? The business split is expected to be completed in the second half of 2025. According to the company's investor presentation earlier this year, the demerger is likely to be wrapped up by Q3 of FY26. Tata Motors' share division As per the Composite Scheme of Arrangement, shareholders of Tata Motors Ltd (TML) will receive- One share of TMLCV (face value ₹2) for every one fully paid-up share of ₹2 held in TML of the same class. Advisors for the Tata Motors Demerger The company has appointed key advisors to facilitate the demerger: PwC Business Consulting Services LLP – Share entitlement report providerSBI Capital Markets – Fairness opinion advisor for the share entitlement ratioAZB & Partners – Legal advisors to the transactionDeloitte Touche Tohmatsu India LLP – Tax advisors for the transaction
