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50% local sourcing likely for companies to book EV ride under FAME-II

Friday, April 19, 2019, 7:53 AM

The government will insist that electric vehicle makers source atleast 50% of their components locally if they want to avail of its incentive programme and bid for its orders, even as it looks to promote local manufacturing and discourage imports. The steering committee, which held its first meeting on April-1, has finalised the mission's approach to make domestic industry competitive at the global level.
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Modi govt has major successes in social sector schemes: Arvind Panagariya

Sunday, April 14, 2019, 7:49 PM

Former Niti Aayog vice chairman Arvind Panagariya has said the Modi government has achieved 'major successes' in social sector programmes like Ayushman Bharat, PM-Kisan and rural electrification. Besides, this government has made an 'unprecedented progress' in tackling corruption, he added. Arvind Panagariya served as the first vice chairman of NITI Aayog for two years from 2015 to 2017.
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Need to increase investment in science to 1.2% of GDP in 3 yrs

Thursday, April 4, 2019, 2:56 PM

Niti Aayog member V K Saraswat Thursday made a case for increasing the spending in science to 1.2 percent of GDP in the next three years and said scientific research institutions have been asked to focus more on transformational research. Saraswat further noted that the government wants to promote research in basic sciences provided it should lead to economic growth.

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