Subsidy Current Affairs, GK & News

Tamil Nadu: 100% Motor Vehicle Tax Exemption to EVs

The State Government of Tamil Nadu recently notified that it will grant 100% motor vehicle tax exemption for Electric Vehicles. Earlier, the State Government had issued orders for 50% concessional rate to EV taxes. It has now been made to 100%. Key Highlights The State Government has exempted taxes to both transport and non-transport vehicles. ..

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GoI allows NGOs to directly buy food grains from NGOs

On April 8, 2020, the Government of India allowed the Non-Governmental Organizations that are involved in providing food to the needy during the COVID-19 outbreak to get food grains from FCI (Food Corporation of India) directly. Highlights The NGOs can purchase food grains from FCIs at prices the state governments buy from the FCIs. Currently, ..

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Union Cabinet approves Revamping of PM Fasal Bima Yojana and RWBCIS schemes to address challenges

On February 19, 2020, the Union Cabinet approved revamping of challenges in insurance schemes such as Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS). Highlights The following changes are to be undertaken in the crop insurance schemes The time period for an insurance company to work under the scheme ..

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Assam government launches a housing loan subsidy scheme – Aponar Apon Ghar

In Guwahati, the Assam Government has rolled out a housing loan subsidy scheme – Aponar Apon Ghar – where in financial relief will be provided towards purchase or construction of the first house for the family. The subsidy up to Rs 2.50 lakh will be provided for loan amounts from  Rs 5 to Rs 40 ..

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Centre increases Wheat Import Duty by 40%

With wheat production at record high, government has raised import duty on wheat from existing 30% to 40% to support local farmers interest. The higher duty will help offtake of domestically produced grain by discouraging milers to import wheat but to buy local produce and help protect farm prices. The oversupply in domestic market due ..

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