The Union Cabinet chaired by Prime Minister Narendra Modi, has approved the proposal of Ministry of Heavy Industries (MHI) for implementation of scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme' for promotion of electric mobility in the country. The scheme has an outlay of Rs 10,900 crore over a period of two years. Subsidies/Demand incentives worth Rs.3,679 crore have been provided to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs. The scheme will support 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses. MHI is introducing e-vouchers for EV buyers to avail demand incentives under the scheme. At the time of purchase of the EV, the scheme portal will generate an Aadhaar authenticated e-Voucher for the buyer. A link to download the e-voucher shall be sent to the registered mobile number of the buyer: Cabinet

#Environment #Policy

Indian navy on Monday launched the fourth and fifth ships of the 8 Anti-Submarine Warfare Shallow Water Craft project. The ships, Malpe and Mulki , were built by Cochin Shipyard Limited (CSL), Kochi.

#MakeinIndia #Defence
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The number of global capability centres (GCCs) set up in India has increased to 1,700 in the fiscal year 2024 ending March, generating $64.6 billion in export revenue and employing over 1.9 million people.

#MakeinIndia #Jobs
https://t.co/ZafdYda0Fu

Pay as per the distance you cover, no charges up to 20 kms on a toll road: Govt changes toll collection rules.

National Highways Fee (Determination of Rates and Collection) Rules, 2008 amended, toll collection to take place based on distance covered by a vehicle as per Global Positioning System (GPS)

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The DRDO and Indian Navy have successfully flight tested Vertical Launch Short Range Surface-to-Air Missile (VL-SRSAM) from the Integrated Test Range, Chandipur off the coast of Odisha today.

RM Shri Rajnath Singh has congratulated DRDO, Indian Navy and associated teams on the successful flight test of VL-SRSAM. He said that the test had revalidated the high degree of reliability of the VLSRSAM weapon system.: MoD

#Defence

How different govts have managed inflation throughout the decades #Economy #Policy

#Health #Education

Indian Railways has decided to install multiple cameras on all trains to keep a watch on tracks and surroundings, amid several incidents where authorities suspect attempts were made to derail trains.

#Railways

Arvind Krishna, the chief executive of IBM Corp. explained the rationale in closing its R&D units in China, citing the need to focus on several strategic sites such as Austin and San Jose in the US, as well as key Indian cities like Bangalore and Kochi.

#InternationalNews
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The capital of Andaman and Nicobar Islands has been renamed from Port Blair to Shri Vijayapuram

ZORAWAR IN ACTION 🔥

First phase of developmental field firing trails of Indian Light Tank Zorawar successfully conducted. The field trials have successfully met the intended objectives in desert terrain. During trials the tank demonstrated required accuracy on the intended targets.

A new world record was set last week in Shenzhen when an 8,100 drone formation lifted off to show a stunning performance.

Opinion- this isn't just a light show. It's a demonstration of futuristic military power. You are looking at an unarmed drone swarm. #Drones #InternationalNews

For the first time, India outpaced China to become the second-biggest market by sales for Pernod Ricard during its fiscal year ended June, said Alexandre Ricard, chairman and CEO at the French distiller.

https://t.co/kTyT0TAlHD

"Armenia has reached out to India for possible procurement of Indian missiles including...Astra...and possible upgrade of their Sukhoi 30s...

Sources in the defence establishment said that the talks are on and still at a very initial stage."

#Defence #Exports
https://t.co/DZKiaW9Ndd

Applied Materials, the world's second-largest toolmaker for semiconductor fabrication units, is working with more than a dozen international and domestic suppliers to set up manufacturing in India

#Semiconductors #MakeinIndia

Oil India Limited Chairman and Managing Director, Ranjit Rath, said that the state-owned company is going to commence drilling activities in Andaman and Nicobar offshore waters, as part of its exploration efforts.

#Oil #Mining
https://t.co/1LrZT6pCY3

ONGC has made a significant gas discovery with a potential play-opening ultra-deepwater frontier wildcat offshore Tamil Nadu in the Bay of Bengal, touting it as its “first breakthrough in [India's] southern waters in over three decades”.

#Oil #Mining
https://t.co/OYWJYVz410

Central government approved infrastructure projects worth ₹3 lakh crore in the first 100 days of its third term

#Infra

MEA hit backs at Comments made by Supreme Leader of Iran #ForeignPolicy