Make in India Current Affairs - 2020
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According to NITI (National Institution for Transforming India) Aayog an Inter-Ministerial Panel has sanctioned 5645 electric buses for operations in 65 cities and for inter-city operations to 8 state transport undertakings. The announcement in this regard was made by NITI Aayog CEO Amitabh Kant. The move will give huge impetus to automobile sector, clean up cities & drive Make in India intiative.
Niti Aayog has also proposed that all two-wheelers below capacity of 150cc sold in country after March 31, 2025, should be electric only while three-wheelers sold in country after March 31, 2023 should be electric ones.
Steps taken by Centre to popularise Environment-Friendly Electric Vehicles
Tax Rebate: GST Council decided to cut tax rates on e-vehicles from 12% to 5% with effect from 1 August 2019.
In Union Budget 2019-20, Central government proposed additional income tax deduction of Rs.1.5 lakh on Interest paid on loans taken to purchase electric vehicles. Also, certain parts of EVs have been exempted from customs duty to further incentivise e-mobility in India.
FAME II: Centre has also approved Rs.10,000 crore under Phase II of FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) scheme, which aims to encourage faster adoption of such vehicles by right incentives and charging infrastructure.
Tags: Amitabh Kant • e-mobility • Electric Buses • Electric Vehicle • FAME-II Scheme
The 11th edition of DefExpo India- 2020 is scheduled to be held for 1st time in Lucknow, Uttar Pradesh. The biennial Expo will be a 4-day event, beginning from 5 to 8 February 2020. It offers an excellent opportunity for Indian defence industry to showcase its capabilities and promote its export potential.
Theme for DefExpo India- 2020 will be ‘India: The Emerging Defence Manufacturing Hub’. Its focus will be on ‘Digital Transformation of Defence’.
Unique Platform: It would provide a unique platform for Defence industry Original Equipment Manufacturers (OEMs), exhibitors and private industry to display their latest innovations and capabilities in the field.
It would also provide an opportunity to major foreign OEMs to collaborate with Indian defence industry and help promote Make in India initiative.
Visitors: The DefExpo is expected to be visited by Ministerial level delegations from foreign countries and visitors from all over world to witness India’s emergence as major manufacturing hub.
B2B & G2G: At DefExpo international level shows are conducted that not only facilitates Government-to-Government (G2G) meetings, signing of Memorandums of Understanding (MoUs) between participants but also Business-to-Business (B2B) interaction with senior foreign delegations.
The Expo would provide attractive opportunities for co-development and co-production of defence equipment and systems not only for our defence forces but also for exporting it globally.
It will also highlight emergence of UP as an attractive destination for investment in Defence sector and act as a platform for alliances and joint ventures in defence industry.
Defence Industrial Infrastructure in UP
It has 4 units of Hindustan Aeronautics Ltd (HAL) at Lucknow, Kanpur, Korwa and Naini (Prayagraj).
9 ordnance factory units- such as Kanpur, Korwa, Shahjahanpur and Firozabad
1 unit of Bharat Electronics Limited (BEL) at Ghaziabad
India’s one of two Defence Industrial Corridors (DICs) is also planned in UP while other DIC is proposed in Tamil Nadu. These corridors encourage Defence Micro Small and Medium Enterprises (MSMEs), like Indian defence industry and promote Defence Public Sector Undertakings (DPSUs).