Electric vehicle policy likely this fiscal

The government will formulate rules that will encourage research and development of electric vehicles in India

The government is contemplating a policy to promote electric vehicles in the country, for which an inter-ministerial group is currently conducting a feasibility study.

The policy, which is aimed at providing guidelines on how to promote electric and alternate fuel vehicles in the country, is likely to be finalised by this fiscal.

According to sources close to the development, a core group has been formed with representatives from different ministries, including road transport, petroleum, heavy industries and environment, and the National Manufacturing Competitiveness Council (NMCC).

While the feasibility study has been going on under the NMCC, the final draft as well as implementation of the policy will be carried out by the heavy industries ministry, sources added, reports PTI.

“The main task before the group is to find ways how to encourage research and development of such vehicles in the country. It is studying possible options to incentivise the electric vehicle industry,” a source said.

Promoting formation of joint ventures, especially in the electric vehicle (EV) battery manufacturing, making it easier for technology transfers are also some of the areas that the policy would emphasise, sources added.

The feasibility study is also looking into the infrastructural aspect to support such modes of transportation. It will evaluate how more charging points can be set up across the country.

The core group is also holding discussions with all the States for promoting alternate fuel technologies.

Currently, 4% excise duty is levied on production of EVs, while the components for EVs come under the 10% excise duty net, which the manufacturers are urging the government to waive.

The import of EVs attracts 14% duty and there is a 4% duty for import of parts.

On the sales front, while Delhi, Rajasthan, Uttarakhand and Lakshadweep do not levy any sales tax, other states charge 4%-15% sales tax or value-added tax (VAT).

"The state of affairs in the EV industry is very poor. The industry will not survive very long, unless there is government intervention. We need government support," said Society of Manufacturers of Electric Vehicles (SMEV) president Naveen Munjal.

The industry can create a niche for itself in three-five years, but with government help it can be done much faster, he added.

The size of the EV industry is pegged at about 85,000 units annually.
 

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    COMMENTS

    ANKIT AGARWAL

    5 months ago

    Hi sir
    my name is ankit agarwal.my account no is -31983663130 on date 25/03/2019 at night 12:15 .i got a message that my account has been linked with some central bank and after that all my money is gone suddenly my account become zero.i started getting messages of my money deducted from my account .sir please help me my situation
    is very bad right now. i went to police office and i given there complain against my account hack. total money is 72077rs. and i alresy fill the deput from as well. but no body helping me'.branch manager also not doing anything'.past 23days i am running every where.please help me out
    ankit
    account no-31983663130
    phone no-8939224649
    mail [email protected]

    Ranjan Sharma

    5 months ago

    Name Ranjan Kumar sharma pan card no BHJPS2852M SBI LOAN ACCOUNT 30390226586 sir main bokaro (jharkhand)ka rahane bala hu Sir main loan account ko with interest ke sath close kar diya hu main SBI se 2time no dues liya hu iske bad bhi mera civil report main written off so kar raha hai Sir main Bank 3 month se daily bank jata hu lekin koyi help nahi karte hai Sir so kindly help sir please request sir kindly civil se written off change Karene main help Karen

    Sirna Srinivas

    6 months ago

    Nodal Officer
    State Bank of India
    Hyderabad


    Sub: Withdrawal of amount without my notice from my SBI Savings A/c.
    No 10743552883- through ATM


    As I Sirna Srinivas resident of Siddipet town had lost my money from
    my State Bank of India savings account without my notice. On dated
    14th February, 2019 at 9.28 p m someone has withdrawn from my account
    Rs.10, 000 /-* 4 times i.e., Rs. 40,000/- (Rupees Fourty Thousand
    only) from SBI Kumardhubi & SBI Nirsha which is located at Jharkhand.
    Regarding this above issue I have given a complaint at SBI Siddipet
    branch on dated 15th February, 2019, and also reported at local one
    town police station on dated 15th February, 2019.

    I request you to look into the issue and
    refund my amount at the earliest.

    Thanking You,

    Your’s sincerely


    Sirna Srinivas
    Name of the Account Holder: Sirna Srinivas

    Account Number: 10743552883

    Name of the Bank: State Bank of India

    Branch: Siddipet
    Nodal Officer
    State Bank of India
    Hyderabad


    Sub: Withdrawal of amount without my notice from my SBI Savings A/c.
    No 10743552883- through ATM


    As I Sirna Srinivas resident of Siddipet town had lost my money from
    my State Bank of India savings account without my notice. On dated
    14th February, 2019 at 9.28 p m someone has withdrawn from my account
    Rs.10, 000 /-* 4 times i.e., Rs. 40,000/- (Rupees Fourty Thousand
    only) from SBI Kumardhubi & SBI Nirsha which is located at Jharkhand.
    Regarding this above issue I have given a complaint at SBI Siddipet
    branch on dated 15th February, 2019, and also reported at local one
    town police station on dated 15th February, 2019.

    I request you to look into the issue and
    refund my amount at the earliest.

    Thanking You,

    Your’s sincerely


    Sirna Srinivas
    Name of the Account Holder: Sirna Srinivas

    Account Number: 10743552883

    Name of the Bank: State Bank of India

    Branch: Siddipet
    H

    jj p

    11 months ago

    Dear sir /madam good evening I am smt geetha d/o of late mallesha ex sepoy 2545528 my father dead 20/12/2008 so iam record office family pension apply ppo received March 2018 my record office forward cppc Chennai may month not pension received so inform to branch underthekking latter may and Jun month anupi but this date 21/10/2018 not received pension IAM inform branch and cppc Chennai but not respond so please processing pannai thanga sir thank you sbi a/c no 31022606970 srkv branch pn palayam coimbatore- 19 ppo no159201800197

    Raj Kumar

    1 year ago

    Sbi customer care number 8249673874..8969820452

    ccount or your mobile number not linked with your bank

    john raj

    1 year ago

    Dear sir/ma'am

    From 4 month I am facing problem with SBI Office Pitampuram. I am paying every month payment but they are always calling to all my family and all my friend and abusing too much . now I am going to frusted with this type of unlegal activities . I have phone recording for each communication and also this is personal number they are calling and always abusing to my family and my friend . They called to Vaishno Tiwari (8588096958) and abusing too much and also they called My mother and Father and also Vandna Tiwari(9517136838) . I can provide more detail with contact number you can talk to them

    This is contact number they are calling and abusing too much . I request to them I have all chat and message please don't abuse and talk professionally but they are always doing please help me I request as this condition i have to go for suicide . I am paying payment i have screen shot but they always calling and abusing . you can call any number and ask about it

    Abusing Contact Mobile Number

    1- +91-9911149797
    2- +91-9599658651

    I am humbling request please help for me . I tried to manage but they are always doing harassment

    REPLY

    Raj Kumar

    In Reply to john raj 1 year ago

    Sbi customer care number 8249673874...8969820452

    Akhtar Husain

    2 years ago

    Dear Sir\Madam, I have filed Ist Appeal before the Ist Appellate Authority Under section19(1) of RTI Act before the G.M. (Net work-I) regional office, Moti Mahal Road, Lucknow(The Ist Appellate Authority) on 31.102017 9on prescribed Form D) which was received in his office on 2.11.2017 as per informtion obtined from the Postal Authority. But sorry to inform you that nothing has been heard from the said authority nor intimated the fate of my Ist appeal. kindly direct the officer concenred to intimate me the fate of decisions so that I may proceed ahead. waiting ur responce.

    Raju Cherala

    2 years ago

    R

    Balasaheb Yadav

    2 years ago

    Sbi savedi Branch is issuing wrong provisional interest and premium provisional certificate to home loan account no 31552502150 for year 2017-18
    Respected Sir,
    My monthly repayment towards the above-mentioned account no is Rs 8500/-. I am regularly paying the same amount last seven years . Not a single installment delay. My yearly total repaid amount should be Rs 8500x12=Rs.102000/- but savedi Branch is certificate of showing that total amount is 78000/-including 30000/- interest. Which is very incorrect. I have submitted the fact and requested for correction/ for issuing the certificate showing correct information vide my various email and fax since from Oct/Nov 2017 . But SBI savedi Branch manager/ dealing officer mrs gore is not replying to my various email and fax.
    Chairman of sbi are humblely requested to look into the matter and advice the sbi savedi Branch manger to issue provisional repayment certificate showing the installment from April 2017 to Mar.2028
    Thanking you
    Yours faithfully
    Balasaheb Lalasaheb Yadav

    SURAJ GOUD

    2 years ago

    Maine sbi home loan k liye apply kiya tha but sbi bank chandawk jaunpur u.p k manager bolte hai ki yha pr a/ c hoga tbhi home loan milega Maine Kha ki meri salary bas pr chahiye tbhi b vhi bat ki a/c hona chahiye Kya laon Lene k liye a/c jruri hai sbi bank m
    Plz tell me ..
    My number 7503324424
    Email id [email protected]@gmail.com

    Ashok Porwal

    2 years ago

    We request you to please reverse the wrongly debited MAB charges + interest @ 12% per annum on the wrongly debited MAB charges as Indore is Urban City (criteria of Minimum Balance of Rs. 3000/-) and not Metro City (criteria of Minimum Balance of Rs. 5000/-). Thus a lot of customers have been deceived by your bank. If we consider 10 lacs such cases, then the fraud works out to Rs. 23.30 crores (Rs. 233/- X 10 lacs customers) during May 2017 to August 2017. If the same will continue, it will manifold. The responsible officers should be catched immediately to stop the same.

    Dilip Jain

    2 years ago

    Complaint against SBI MASJID branch is not replied to lokpal of SB account no.31709760150.

    Khan Aarif

    3 years ago


    Dear sir
    Respectfully I would like to put forth my humble submission for favour of kind consideration as under.
    That I Mohd Arif Khan Generator boy sbi Sogam
    That the present branch Manager sbi Sogam is creating problem in me as he don't alow me to the branch after March 2016
    That I am contract base on their
    That the present branch is not passing my fule bill's as per reading
    Their is my two accounts run in sbi Sogam first account CD under ac no 33865641628 and jundanyojnà account under 34592762472
    That the present branch manager has closed my jundanyojna account with out my information and RS.22000 Withdrawal with out my information
    That the present branch manager ha
    That he tries to isolate me as he always abuses me in front of public and staff members do to which I can't enter to the branch
    That your good self can verify about the abusement for the staff members of the said branch sbi Sogam
    Keeping in view the a fire said facts your good self
    Branch Sogam 17073
    Your's sincerely
    Mohd Arif Khan
    Ph no 07051413059
    Application email [email protected]

    Syed Fohara

    3 years ago

    Sir i am student .I want say about my scholarship it is executed to different account which is already closed the officers were saying that if the amount returned by bank its self they will execute to my current account from 3years I am eating for bank reference they are not yet retuned the amount .kindly take any action on my complaint please .
    Thanking you,
    Your 's



    faithfully,
    Syeda fohara.

    REPLY

    Raj Kumar

    In Reply to Syed Fohara 1 year ago

    other upi apps
    Dear sir/mam,I'm trying to add my sbi bank account on bhim or Google pay or phone pay or another upi apps..but I'm unable to add and it appears as you don't have any bank account or your mobile number not linked with your bank

    Syed Fohara

    3 years ago

    Sir i am student .I want say about my scholarship it is executed to different account which is already closed the officers were saying that if the amount returned by bank its self they will execute to my current account from 3years I am eating for bank reference they are not yet retuned the amount .kindly take any action on my complaint please .
    Thanking you,
    Your 's



    faithfully,
    Syeda fohara.

    Why China’s currency policy is inflexible

    The main effect of a currency revaluation would be a shift of wealth from the Chinese government, the manufacturing sectors, infrastructure investment, and real-estate developers to Chinese households

    According to US Treasury Secretary Timothy Geithner, China eventually will decide it needs to adopt a flexible currency exchange rate policy. Sorry, Mr Secretary, it won’t. It is not that adopting a flexible currency exchange rate is against China’s national interest. On the contrary, there are many benefits to China that would flow from revaluation.
     
    China’s failure to adopt a flexible exchange rate is a political decision, not an economic one. While I agree that this is correct, I do not believe that it has much to do with Chinese leaders’ annoyance with international pressure or foreign relations. I believe that it represents something far more serious, the inability of a political system to change.
     
    The revaluation of the renminbi is not something that should be looked at in isolation, but part of something much larger. China has pursued a policy that has been very successful helping the country achieve astounding rapid development. Although there are many elements, the basic concept has been growth based on investment over consumption and export over domestic consumption.
     
    All government policies, all laws, all regulations distort economic behaviour. When the rules change, so does the game. Understanding exactly in what ways the distortions will affect economic behaviour is exceptionally difficult. In the United States in the early 1990s, the Congress passed a law to cap ever-rising executive salaries. This resulted in the creation of alternative forms of compensation like options. These were supposed to align management’s interests with those of shareholders. Often they had the reverse effect when management manipulated both earnings and options.
     
    In emerging markets, the effect of policies, laws and regulations can have an even more disastrous effect. In Russia a rent-seeking bureaucracy utilises these mechanisms to invent new ways of extracting bribes and robbing businesses. Law and policy can function in two ways. It can limit the State or it can extend the power of the State. In Russia, the State bureaucracy is supreme. Since there is no mechanism to limit its power, there is no reason for rent-seeking bureaucrats to curb their plundering of wealth from natural resources or administrative interference in the market.
     
    Market distortions create winners and losers. In the US, the rules regarding executive compensation became a spectacular windfall for the management in many companies. In Russia, the rules provide enormous benefits to the bureaucracy and government officials. The losers in the US have been shareholders. In Russia the losers are businesses, economic growth and most of the population. Obviously the winners have powerful economic incentives to maintain the present system.
     
    China has a similar problem. A revaluation of the renminbi would hurt exporters—often State owned—and their employees. Their costs would go up and their revenues would go down. A Chinese exporter must pay for labour, utilities, rent, and any local inputs in renminbi. Most of Chinese exports are valued in dollars. So the value of anything that the exporter sells would go down relative to his costs. Another group that would lose from revaluation would be any company that has stockpiled goods or commodities priced in dollars. For example, Chinese State-owned companies at various times have stockpiled both copper and oil. If the renminbi were re-valued, the value of their stockpile would immediately decline.
     
    In contrast, the winners in the Chinese economy would be just about anyone else. In a global economy, much of what we have or use comes from international trade. So although China is a huge exporter, it is also a huge importer. For example, all of the imported food, high-tech products, oil and many natural resources that China uses would immediately decrease in value.
     
    The Chinese have stated that a cheap renminbi has allowed Western countries to have low inflation, low living cost, and a higher standard of living. But as Professor Michael Pettis of Peking University points out, a cheap renminbi “implicitly taxed Chinese household consumption to subsidise Chinese manufacturing and employment growth, it also implicitly taxed US manufacturers in order to subsidise US consumers. American consumers got cheaper (foreign) goods, American manufacturers had to compete against lower (foreign) prices.”
     
    Professor Pettis goes on to state that the main effect of a revaluation would be a shift of wealth from the Chinese government, the manufacturing sectors, infrastructure investment, and real-estate developers to Chinese households. Exactly!!
     
    The people with the power in China have done very well with the present set of rules and that is a large problem. They see no reason to change and so won’t. So don’t expect a major revaluation of the renminbi any time soon.
     
    The recession has caused major disruptions in the economic fabric of world trade. The genius of market economies is that they can adapt to almost any change provided the rules can change too. The renminbi is a problem, but the policy and the inability to change it represents a greater problem for both China and the world.

    (The writer, William Gamble, is president of Emerging Market Strategies and can be contacted at [email protected] or [email protected]).
     

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    User

    COMMENTS

    anshul rao

    1 year ago

    Sir lam ravikant my account home branch NANDGANJ ghazipur u. p branch code 12003 sir lam central government employee my posting Mumbai bank 2or3 bar application diya online banking keliye our new ATM keliye lekin nahi hua a/c transfer keliye request mail send Kar waya branch code 15972se us branch me koi kam nahi hota mai chahta hu ki mera a/c 15972 Kharghar Navi Mumbai Maharashtra transfer kiya jai taki mai online banking and ATM banwa saku thank u sir subh kariya keliye

    same meena

    1 year ago

    Name -samay singh meena
    Bank ifsc -SBIN001500804
    BRANCH -MEDI
    MANAGER NAME-PANKHILAL MEENA

    Hello sir, m kareeb 6 mahine se kcc lene ke liye bank ke chakkar lga rha hu pr manager sir ye kh ke tal dete h ki abhi aur bhi files h, pr sir jo pese dete h unka aur apne pahchan balo ke liye kcc de dete h sir pleze solve my problem and take a valid action agganst bank manage plz sir.

    Sunny Tanna

    2 years ago

    dear sir i am businessmen
    sir my complaint is again sbi costumer service point
    sir sbi costumer service point se kisi bhi other bank account me money transfer ho raha hai jo private software k dwara kiya ja raha hai
    jisme sbi costumer service point ka sahara liya ja raha hai
    kya ye legle hai?

    REPLY

    Sunny Tanna

    In Reply to Sunny Tanna 2 years ago

    this costumer service point address is shop 10 krishna complex join katargam sbi bank mini branch (sbi tiny) surat,gujrat 395004

    Mohammad Ashiq

    2 years ago

    have loan account No 36886261468 at State Bank of India Wazirganj (Badaun). Myloan was sanction Rs 10 lakh for 15 years. I was withdrawal only Rs 5 lakh from bank. My EMI should be Rs 5 thousand and below per month but Bank SI is Rs 16000/- per month. I was go to bank for settlement my SI. Last month Rs 16000/ has been debit from my account and wholly month facing financial hardship. If this month same amount will be debit my account. I shall be taken following step from me:-
    (a) I can changed my salary account.

    (b) I can compliant chairman SBI Mumbai.

    (b) I can go Banking Lokpal.

    This massage will be authority any civil court case for against your bank

    Santosh Jain

    2 years ago

    DEAR SIR,
    I Mithalal p jain have gone through agrement with state bank of bikaner $ jaipur (sbbj) from last 7 years as i have given my property on rent to bank as i am receiving montly rent.since sbbj has been merge with state bank of india so i request you to make new agrement with me,and i am send photos of my property given on rent to bank there is lots of garbage around the bank from l may 2017 i am inimating manager along with senior sbi officer whose phone no is 9166918481, 0n 19 may 2017 i have send whats up photo to the said officer.but there is no action taken said officer and the bank maneger. I here by again senk the picks of surrounding.awating for your reply. my mobile 9833685651
    Rep

    surender verma

    2 years ago

    Dear sir and madam
    I Surender Kumar My a/c no 30292348449 in rithala branch after 10 year this branch Services is very poor rithala branch and her atm not a proper warked mostly time not a service or atm not warked branch netwark is very very poor I submit amount 19100/= nineteen thousand one hundred counting ok but slip not collect reason netwark out of service I had Complaints branch manager say your money transfer within one week but not as my money 15 day
    So plz. Purchase other net company or transfer the branch member
    Thanking you
    Surender Kumar
    30292348449
    Cont. 9599027618.9891887400

    Gnana Kumar

    3 years ago




    Sir,
    I am C.Gnanakumar, a Teacher , having account holder of the branch bearing SBI A/c No:30852281067 for the past 7 years after november salary,. I visited the branch on13/12/2016 for many times for manual withdrawal for my wife's medical expenses.I hailed others for money. I explained all my problems to him.But manager rejected all the times of my requests.(But he gave money to some other Lady employees in personal up to 20000 in the same week. Is it good?) i have not withdrawn even a rupee manually so far. As I am not satisfied with the service of the manager, Finally i requested manager to transfer my account to SBI, NAGARI, my native place, But even for this he refused my requests and asked for AADHAR card, i produced it and then immediately ask for RATION CARD .if I am an employee of AP government, how can I get RATION CARD? he says"without ration card it is not possible to transfer your account to other bank" . please take steps to transfer my account to nearby branch, i was totally struggled sir, i met all my medical expenses through card swipings only.
    please do the needful and inquire in to this matter as early as possible. Otherwise I shall change my salary Account and other transactions to other bank.

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    From: Gnana Kumar
    Date: Fri, 6 Jan 2017 15:51:48 +0530
    Message-ID:
    Subject: Compliant Against SBI, PANNUR, CHITTOOR DIST, AP

    Gnana Kumar

    3 years ago




    Sir,
    I am C.Gnanakumar, a Teacher , having account holder of the branch bearing SBI A/c No:30852281067 for the past 7 years after november salary,. I visited the branch on13/12/2016 for many times for manual withdrawal for my wife's medical expenses.I hailed others for money. I explained all my problems to him.But manager rejected all the times of my requests.(But he gave money to some other Lady employees in personal up to 20000 in the same week. Is it good?) i have not withdrawn even a rupee manually so far. As I am not satisfied with the service of the manager, Finally i requested manager to transfer my account to SBI, NAGARI, my native place, But even for this he refused my requests and asked for AADHAR card, i produced it and then immediately ask for RATION CARD .if I am an employee of AP government, how can I get RATION CARD? he says"without ration card it is not possible to transfer your account to other bank" . please take steps to transfer my account to nearby branch, i was totally struggled sir, i met all my medical expenses through card swipings only.
    please do the needful and inquire in to this matter as early as possible. Otherwise I shall change my salary Account and other transactions to other bank.

    Delivery to the following recipient failed permanently:

    [email protected]

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    From: Gnana Kumar
    Date: Fri, 6 Jan 2017 15:51:48 +0530
    Message-ID:
    Subject: Compliant Against SBI, PANNUR, CHITTOOR DIST, AP

    Gnana Kumar

    3 years ago

    complaint against SBI ,Pannur,
    chittoor district, andhrapradesh.
    Sir,
    I am c.Gnanakumar, a Teacher , having account holder of the branch hearing SBI A/c No:30852281067 for the past 7 years after november salary,i visited the branch on13/12/2016 for many times for manual withdrawal for my wife medical expenses.I hailed others for money. I explained all my problems to him.But manager rejected all the times of my requests.(But he gave money to some other Lady employees in personal up to 20000.is it good) as I am not satisfied with the service of the manager, i have not withdrawn even a rupee manually so for.Finally i requested manager to transfer my account to SBI Bagai,my native place, But even for this he refused my requests and asked for AADHAR card, i produced it and then immediately ask for ration card .if I am an employee of AP government, how can I get ration card? he says"without ration card it is not possible to transfer your account to other bank . please take steps to transfer my account to nearby branch, i was totally struggled sir, i met all my medical expenses through swiping only
    please do the needful and inquire in to this matter.

    AJ

    9 years ago

    Good article.
    Would have been easier on the uptake if the impact & counter measures from an Indian perspective were also added.

    REPLY

    Sureshjagannath Singh

    In Reply to AJ 1 year ago

    On ref to above matter I visited branch today also to know the status but branch officer of station road vile parle west not given proper answer
    When I ask that as per RBI guidance in how many days local cheque clearance
    Ticket No. 4726967494
    my ac no.10227366306 Suresh Singh
    i deposited a cheque of rs.50000 on 1/9/18 at Branch code 17415 Vile parle Mumbai but till date cheque not cleared in that time i visited branch two day i.e on 5th sep and 6th sep but they tell me that cheque in process on 3/9/18
    sir.
    please look this matter urgently and solve the issue
    Thanking You

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