Government revises list of electrolyser subsidy winners

The Indian government has revised its list of winners for the first auction for electrolyser manufacturing subsidies, originally announced in January, after steelmaker Jindal — which had won incentives for 300MW of annual manufacturing capacity — dropped out of the process. This left 300MW per year of manufacturing capacity, with a maximum incentive of 4.44

UP govt launches portal for processing EV subsidy claims

According to Additional Commissioner (Transport) Rajiv Srivastava, after submitting the application on the portal, a four-level verification process will take place, beginning with verification at the dealer level, followed by registration and departmental verification. The final verification will be carried out by TI (Transport Inspector). To promote electric vehicles in the state, the Uttar Pradesh

India govt likely to slash FAME 2 subsidy

The government of India is likely to reduce the subsidy offered on electric vehicles under the FAME 2 scheme. According to media reports, the Ministry of Heavy Industries has proposed a new formula to calculate the subsidy for EVs, which could see the existing subsidy of Rs 15,000 per kW reduced to Rs 10,000 per

Centre extends ethanol subsidy scheme

The Centre has extended the timeline for disbursement of loans up to March 31 under the ethanol blending programme interest subsidy scheme, notified first in 2018, to facilitate entrepreneurs to complete their projects while availing of government support. The Food Ministry issued a notification on October 6 stating the applicants who have submitted their applications

Fertilizer subsidy burden in India can be reduced by switching over to green ammonia

A shift to green ammonia would significantly reduce the Indian government’s massive fertilizer subsidy burden and boost energy self-reliance by cutting dependence on imports of expensive liquified natural gas (LNG) for fertilizer manufacturing, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). India’s fertilizer subsidy is budgeted at Rs1.05

Fossil Fuel industries getting huge subsidy benefits in Australia

New research has revealed the fossil fuel industry benefits from more than $22,000 in subsidies per minute in Australia. The study, released by the Australian Institute of Research on Monday, showed subsidies cost Australians a staggering $11.6bn every year. This is a 12 per cent increase on last year’s figure and 56 times the budget