Friday, August 21
New Delhi: Incentives of around ₹2,000 crore have been disbursed to Tata Motors, Bajaj Auto, Mahindra & Mahindra, TVS Motor, and Ola Electric in FY26 for performance year FY25 under the PLI-Auto scheme, a top official said on Wednesday.Additional Secretary, Ministry of Heavy Industries, Hanif Qureshi, also said component makers Delphi-TVS, Bosch Automotive, Sona BLW, and Tata Autocomp would receive state incentives for the rest of the year.Under the PLI-Auto scheme, FY24 was the first performance year, and an amount of ₹322 crore was disbursed to four applicants in FY25.The Centre approved the scheme in September 2021, under which incentives are disbursed for meeting goals including incremental production, investment, and domestic value addition from FY24 onwards. Total investments
Mumbai: A seasoned gamer has shed his poker face to attack the new gaming law. A professional poker player of 'national repute' has moved the Supreme Court on the grounds that the blanket ban imposed on real money games by the yet-to-be-notified statute hurts his income and livelihood as well as impedes his right to pursue a profession.The gamer in question, Vaibhav Arora, who is also a practising advocate, has joined a few other players in a turn of events where gamers, like gaming companies, have challenged the law, albeit for a different reason. While the gaming firms are defending their right to carry out a business, the gamers argue that the law curtails their fundamental right. Of the nine petitions pending before the Supreme Court relating to the new law, 3 are by gaming companies,
