Interest subvention plan for e-vehicles
- The interest subvention on loans on the purchase of electric vehicles in the particular category will be in addition to the purchase incentive of ₹30,000 and scrapping incentives of up to ₹7,500 provided under the Delhi government’s EV Policy, the transport department said in a statement.
The Delhi government on Wednesday signed an agreement with Convergence Energy Services Limited (CESL) for providing 5% interest subvention on loans for the purchase of electric rickshaws, autos, carts and light goods vehicles. It also signed an MoU with the firm for the installation of charging and battery swapping stations at cluster bus depots.
The interest subvention will help not just individual buyers but also fleet owners deploying vehicles for e-commerce, grocery or delivery industry, Delhi transport minister Kailash Gahlot said on Wednesday.
The interest subvention on loans on the purchase of electric vehicles in the particular category will be in addition to the purchase incentive of ₹30,000 and scrapping incentives of up to ₹7,500 provided under the Delhi government’s EV Policy, the transport department said in a statement. Through the scheme, an electric auto and electric light commercial vehicle will be able to avail up to ₹25,000 additional benefit, the statement said.
Currently, the rate of interest on EVs varies from 25-30% for some vehicle segments which makes owning an electric vehicle a cost-intensive proposition, it said. “The empanelled financial institutions will provide loans with a minimum 80% loan-to-value at interest rates of a maximum of 20% (including the interest subvention) for a loan tenure which is in the best interest of the buyer,’’ the statement said.
Gahlot said CESL has also agreed to procure, install, operate and maintain charging units and related infrastructure at 14 cluster bus depots at its own facility costs and expenses.
With a view to helping government schoolchildren buy stationery, the Uttar Pradesh government has decided to add additional ₹100 to one-time annual amount of ₹1100 that it transfers to the bank accounts of parents of primary schools' students through direct benefit transfer (DBT) to buy uniform, school bag, a pair of shoes, socks, a sweater and now pencils, copies and erasers too. Now the government will transfer ₹1,200 instead of ₹1,100.
Delhi reported 874 fresh cases of Covid-19 on Tuesday, up from 628 infections recorded on Monday, showed data released by the state government. According to the Delhi government's daily bulletin, 16,866 tests were conducted on Tuesday as compared to 7,793 on Monday, leading to a decline in positivity rate from 8.06% to 5.18%. On Monday, three people died of Covid, and on Saturday, the government recorded six deaths.
The Delhi Police on Tuesday sounded an alert and increased the number of personnel stationed across Delhi, especially in areas populated by both Hindus and Muslims, in the wake of two men killing a tailor in Rajasthan's Udaipur over his social media post supporting suspended BJP leader Nupur Sharma. A few policemen and a resident were injured during the clashes, and several properties were damaged.
Officials of Indira Gandhi International Airport operator Delhi International Airport Limited said they began trials of a full-body scanner at Teminal 2 from Tuesday in line with directives issued by the Bureau of Civil Aviation Security. Each scanner is expected cost around ₹4 crore, including annual maintenance, the official said. By using these body scanners, officials said they can reduce the number of random pat-downs and strip searches, thereby speeding up security checks.
Eminent citizens and scholars on Tuesday condemned the murder of a Hindu tailor by two Muslim men in Rajasthan's Udaipur, and appealed to everyone to maintain calm even as the tourist city remained tense after protests in the wake of the hate crime. The two killers, Mohammad Riyaz Akhtari and Ghous Mohammad, hacked Kanhaiya Lal, 47, to death, capturing the act on their phones, and later issuing a threat to Prime Minister Narendra Modi.