04.07.22

Haryana govt approves state EV policy, announces sops to manufacturers

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TheHaryanagovernment approved the State Electric Vehicle (EV) Policy 2022 offering several financial incentives to EV manufacturers. A decision in this regard was taken at a meeting of the state cabinet which met here under the chairmanship of Chief Minister Manohar Lal Khattar.

TheEV policyoffers various financial incentives to EV manufacturers by giving incentives on fixed capital (Fci), net SGST, stamp duty, EMPLOYMENT generation, etc, an official statement said.

There is 100 per cent reimbursement of stamp duty along with exemption in electricity duty for a period of 20 years.

The SGST reimbursement shall be 50 per cent of the applicable net SGST for a period of 10 years. Companies manufacturingelectric vehicles, components of electric vehicle, EV battery, charging Infrastructure etc. shall be incentivized with capital subsidy.

Mega Industry shall get capital subsidy at 20 per cent of FCI or Rs 20 crore whichever is lower; large industry will get subsidy of 10 per cent of FCI up to INR 10 crores, for medium industry 20 per cent of FCI upto Rs 50 lakh, for small industry 20 per cent of FCI up to Rs 40 lakh and for micro industry 25 per cent of FCI up to Rs 15 lakh.

Under this policy, units setting up batteries disposal units will get 15 per cent of FCI up to Rs 1 crore.
The policy provides for employment generation subsidy of Rs 48,000 per employee per annum for 10 years in lieu of Haryana domiciled manpower being employed with EV companies.

Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years

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TheReserve Bank of Indias fiscal risk analysis report predicts thatPunjabs debt-to-GSDP (gross state domestic product) ratio will keep deteriorating and exceed 45% in financial year 2026-27, while the states outstanding debt will cross Rs 3.05 lakh crore by the end of the current FY. It joins Bihar,Kerala,Rajasthan, and West Bengal in the club of highly stressed states with unsustainable .

The RBI found Punjab and Haryana among the 10 states with the highest debt burden, the other being Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand,Madhya Pradesh, and Uttar Pradesh. Contingent liabilities have surpassed 5% of the GSDP in Punjab, Rajasthan, Uttar Pradesh and Andhra Pradesh. These 10 worst states account for around half the expenditure by all state governments. Their other vulnerability indicators are GFD-to-GSDP (gross Fiscal Deficit to gross state domestic product) ratios equal to or more than 3% in fiscal 2021-22, besides deficits in their revenue accounts (except Uttar Pradesh and Jharkhand).

The interest payment to Revenue Receipts ratio, a measure of debt servicing burden on the states revenues, was more than 10% in eight of these states, barring Bihar and Jharkhand. The own tax revenue of Punjab, Madhya Pradesh, and Kerala has been declining, while their non-tax revenue has remained volatile, dropping significantly in recent years.

Himachal Pradesh: Naari Ko Naman Scheme

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Chief Minister of Himachal Pradesh, Jai Ram Thakur, launched the Naari ko Naman Scheme, for Women of the state.

This scheme has been launched, in line with an announcement made before state assembly .

Himachal Pradesh government has announced to give 50% DISCOUNT in ticket prices to women in State Government buses.

Thus, bus tickets will now be available for women at half the cost.

Under the scheme, Himachal Pradesh government will spend Rs 60 crore annually to provide 50% discount on ticket prices to women in state. As per estimate, 1.25 lakh women travel in HRTC buses every day.

Land for Uttarakhands first sports college for women identified

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Almost two-and-a-half years after it was announced that a Sports college for Women would be constructed inUdham Singh Nagar, authorities have identified the land for it and a detailed project report has also been sent to the for its approval.

The sports college for women, a first inUttarakhand, is proposed to be constructed on a 65-acre land in Rajpura village of the district’s Kichha town.

The construction is likely to be completed in two years. The estimated cost of the project is Rs 20 crore.

The announcement of the sports college was made in January 2020 by the then chief ministerTrivendra Singh Rawat. Later, whenPushkar Singh Dhamiassumed the office, he directed all sub-divisional magistrates to identify land for the project.

Investments of over 500cr for dairy sector

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The third ground-breaking ceremony brought proposals worth Rs 500 crore in the sector. Officials and experts say the proposals will go a long way in augmenting the income of farmers in the state.

The government aims to double farmers income from dairying and is giving top priority to dairy development in the state, he added.

The proposals are fromDUSS Bareillyin Bareilly (Rs 80.3 crore) and Creamy Foods Limited in Bulandshahr (Rs 60 crore). CP Milk and Food Products Private Limited and DUSS Bareilly will start projects of over Rs 100 crore inGorakhpurand Lucknow respectively.

The dairy sector provides EMPLOYMENT throughout the year while crop production employs rural workforce for 90 to 120 days.

Jharkhand registers 17% rise in rape cases since 2020: NCRB

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Jharkhandwitnessed a sharp rise in incidents of rape in 2021 with 1,608 cases compared to 1,373 in 2020, according to data available with the National Crime Records Bureau (NCRB) and Jharkhand Police websites.

The figures revealed that the state has witnessed around 17% increase in cases last year compared to 2020. On an Average, 114 cases of rape were registered in 2020 every month against 134 cases per month in 2021.

The figures between August 2021 and February 2022, however, show a decline in cases with 94 incidents being reported in this February against 150 in August last year. In the six months between September 2021 and February 2022, 123 rape cases were registered per month.
The overall figures of crime against Women was 7,083 cases in 2018, 8,760 in 2019 and 7,630 cases in 2020 in Jharkhand, stated the NCRB.

At 69.2 yrs, life expectancy in state less than natl avg

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Life expectancy of people inBiharat 69.2 years is less than the national Average of 69.7 years. Also, Bihar and Jharkhand are the only exceptions in the country where life expectancy of female is less than the male.

As per the sample registration survey (SRS)-based Abridged Life Tables (2015-19) released by the Registrar General and Census Commissioner earlier this week, while the life expectancy at the time of birth in India was 69.7 years, it was 69.2 years in Bihar, which ranked sixth from the bottom.

Delhi and Kerala topped the list with a life expectancy of 75.9 years and 75.2 years, respectively. Chhattisgarh was at the bottom. However, compared to its own previous data, Bihar has seen a marginal increase in life expectancy. For instance, for the period between 2014-18, life expectancy in the state was 69.1 years and then it increased to 69.2 years for 2015-19.

Bihar and Jharkhand were the only exceptions where the female life expectancy at the time of birth was less than the male Population. The other other big states and union territories had recorded more life expectancy for female, which on an average was two years more than the male.

Cataract to be eliminated from Chhattisgarh by 2025

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Chhattisgarhs Health Department is conducting a cataract elimination drive. In just two months, vision has been restored to 12,700 patients across the state.

The Chhattisgarh government has set a target to eliminate cataract from the state by 2025.

Symptoms may include faded colors, blurry or double vision, halos around Light, trouble with bright lights and trouble seeing at night.

This may result in trouble while driving, reading or recognizing faces. Poor vision caused by cataract may led to falling and depression, Shukla said.

Cataracts cause half of all cases of blindness and 33 percent of visual impairment worldwide.

Maternal mortality rate dips 5.8% in MP, pace of decline slower in infant mortality rate

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The task force constituted to suggest measures to reduce maternal and child mortality rate in the state handed over its final report to chief minister.

The report includes suggestions for elimination of Malnutrition in children, elimination of physical and resource constraints for better results in the field of mother-child welfare, dietary supplements for infants, routine immunisation, prevention of diseases, expansion of Blood Bank facilities, referral arrangements for newborns and transportation facilities.

The maternal mortality rate in Madhya Pradesh is declining at the rate of 5.8 percent. The national Average is 7.5. Similarly, the mortality rate of newborn babies in Madhya Pradesh is decreasing at the rate of 0.6%. The national average rate is 3.8 percent. According to these indices, Madhya Pradesh will be able to achieve theSustainable Development Goalsexpected in 2030 in the coming 33 years, so the pace of this work will be increased further. The task force has identified 5 key areas to achieve the targets in the area of maternal and child Health.

M-cap of top five Gujarat companies rises Rs 3.51 lakh crore

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Amid high volatility, rising forecasts and the recent second rate increase by the Reserve Bank Of India (RBI), the Indian Equity markets saw a sharp correction on Friday. The BSESensexfell by 1,016.34 points to close at 54,303.44. However, despite the sharp correction, some ofGujaratcompanies shone, with their market capitalization rising by Rs 3.51 lakh crore from the peak of October 19, 2021.

Adani Group companies including Adani Enterprises Limited,Adani Power, Adani Green Energy and Adani Total Gas along with Gujarat Fluorochemicals Limited were among the companies which posted the highest Growth in market capitalization. Among the others which performed well were the PSUs GNFC, GSFC, GMDC, andAIA Engineering.