Odisha to revise 2021 EV Policy
Bhubaneswar: The Odisha government has decided to launch EV Policy 2.0 aiming to have at least 50 per cent battery-operated electric vehicles (BEVs) in all new vehicle registrations by 2036.
The State is in the process of revising the Odisha EV (electric vehicle) Policy 2021 with an extension of validity and enhancement of incentives for EV buyers and Charge Point Operators (CPOs), an official statement said on Wednesday.
The policy framework was discussed at a meeting held here in the presence of Usha Padhee, Principal Secretary, Commerce & Transport, and Vishal Kumar Dev, Principal Secretary, Energy.
Senior officials from both the departments took part in comprehensive discussions aimed at advancing Odisha's electric mobility transition and achieving key targets.
Registration of EVs are on the rise in the State, from 1.16 per cent in 2021 to 8.71 per cent on June 20, 2025, according to the statement. It was resolved to aim for at least 50 per cent BEVs in all new vehicle registrations by 2036.
Odisha currently has over 550 Public Charging Stations (PCS), including captive infrastructure operated by two-wheeler manufacturers, power distribution companies and oil marketing companies.
The State Transport Authority (STA) has already issued a request for proposal for developing EV charging stations at strategic locations across the State.
A holistic approach is being adopted to boost both supply (manufacturing ecosystem) and demand (consumer incentives) to ensure balanced and inclusive EV growth.
The revised EV policy aims to promote green mobility, reduce carbon emission and transform the State into a model EV ecosystem in the country.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
42 minutes ago
- India Gazette
New and Renewable Energy Ministry issues revised guidelines for Waste-to-Energy projects
New Delhi [India], June 28 (ANI): The Ministry of New and Renewable Energy (MNRE) has issued revised guidelines for the Waste-to-Energy (WtE) Programme under the National Bioenergy Programme, the Ministry said in a release. These revisions aim to foster a more efficient, transparent, and performance-oriented ecosystem for Bio Waste to Energy deployment in India. By simplifying procedures, expediting financial assistance, and aligning support with plant performance, the updated guidelines are designed to significantly enhance the ease of doing business for private as well as public sector. Under the new framework, Ministry has simplified several processes, such as cutting down on paperwork and easing approval requirements, which will enable the industry especially MSMEs to enhance their production of CBG, Biogas & Power. These changes align well with improvement of waste management including stubble, industrial waste, and India's broader goal of reaching net-zero emissions by 2070. A key highlight of the revised guidelines is the improved system for releasing Central Financial Assistance (CFA). Considering the challenges faced by the developers to achieve 80 per cent generation, flexible provisions have been made in the Scheme for release of CFA based on plant performance. Previously, companies had to wait until the entire Waste-to-Energy project attains 80 per cent generation to receive support. Moreover, as per the revised guidelines, there is a provision to release the CFA in two stages. Based on performance of the projects, 50 per cent of total CFA will be released after obtaining the Consent to Operate certificate from State Pollution Control Board, against the bank guarantee, while the balance CFA would be released after achieving the 80 per cent of the rated capacity or the maximum CFA eligible capacity, whichever is lesser. In notably, even if a plant does not achieve 80% generation for above both conditions during performance inspection, provision is made for pro-rata based disbursement based on the percentage output. However, no CFA will be given if the PLF is 50 per cent. This change acknowledges real-world challenges and supports developers by offering financial flexibility and viability during operations. The inspection process has also been refined to ensure greater credibility, transparency and accountability. The revised norms mandate joint inspections led by National Institute of Bio-Energy (SSS-NIBE), an autonomous institute of MNRE, along with any one agency among respective State Nodal Agencies (SNAs), Biogas Technology Development Centers (BTDCs), or any agency empaneled by MNRE. For developers not opting for advance CFA, only a single performance inspection is required, reducing procedural delays. The revision introduced provides the flexibility to the project developers in claiming CFA either within 18 months from the date of commissioning, or from the date of In-principle approval of CFA, whichever is later. Overall, these revised guidelines represent a proactive step by the government to support the clean energy in industries. By aligning financial support with actual performance, simplifying compliance, and making funding more accessible, MNRE is fostering a more business-friendly environment. This initiative not only helps private players in the WtE space but also strengthens India's progress toward sustainable waste management and Renewable Energy goals. (ANI)
Fibre2Fashion
5 hours ago
- Fibre2Fashion
ICE cotton gains further on short covering amid trade deal prospects
ICE cotton futures continued to rise on Friday as easing trade tensions lifted market sentiment. Former President Trump's announcement of prospective trade deals with multiple countries encouraged speculators to cover their short positions. ICE cotton posted gains throughout the week, with only a few contracts dipping slightly on Monday. The most active December 2025 contract on ICE settled at 69.32 cents per pound (0.453 kg), up 0.52 cent. The contract reached an intraday high of 69.52 cents, the highest level since April 25, marking a two-month high. It gained a total of 262 points, or 3.9 per cent, over the six sessions during the week. Other contracts gained between 18 and 66 points on Friday. On a weekly basis, cotton contracts posted gains ranging from 167 to 348 points. ICE cotton futures extended gains as easing US-China trade tensions and short covering lifted sentiment. December 2025 contract hit a two-month high at 69.32 cents/lb. Strong weekly gains, lower deliverable stocks, and a weaker US dollar supported the rally. China's confirmation of the trade framework with the US further boosted market optimism. Except for a slight dip on Monday in the expiring July and nearby October contracts, all cotton contracts ended higher each day this week. Trading volume stood at 35,926 contracts, while the cleared volume for June 26 was 39,350 contracts. The average daily trading volume for the week was calculated at 40,958 contracts, indicating robust activity and interest in cotton futures. According to ICE data, deliverable stock under the No. 2 cotton futures contract was 51,495 bales as of June 26, significantly down from 61,136 bales on the previous trading day, suggesting a tightening supply situation. Market analysts said the US' announcement of its intent to reach trade agreements with multiple countries prompted speculators to cover short positions, contributing to the price rally. A weakening US dollar during the session also supported cotton prices, as commodities priced in dollars become more affordable to international buyers when the greenback declines. A spokesperson from China's Ministry of Commerce confirmed that China and the United States had finalised details under the China–US London Framework. As part of the agreement, China will review and approve export applications for controlled items according to its laws, and the US will cancel several restrictive measures against China—potentially boosting trade sentiment and cotton demand. The easing of trade tensions between the US and China, one of the world's largest cotton consumers, is viewed as a positive fundamental factor for the global cotton market, further supporting this week's rally. ICE cotton for December 2025 settled at 69.32 cents per pound (up 0.52 cent). Cash cotton was settled at 67.55 cents (up 0.66 cent), the July 2025 contract at 67.52 cents (up 0.45 cent), the October 2025 contract at 68.80 cents (up 0.66 cent), the March 2026 contract at 70.60 cents per pound (up 0.48 cent), and the May 2026 contract at 71.59 cents (up 0.43 cent). Fibre2Fashion News Desk (KUL)
Economic Times
12 hours ago
- Economic Times
Income Tax rise surpasses wage growth as rates and inflation hit working Australians, says ATO data
TIL Creatives On one hand, the working Australians saw a rise in their tax bills, while on the other, the very rich witnessed a drop in their incomes as the property prices, which saw an unusual high, returned to normal levels or declined. The tax bills of many working Australians increased faster than their wages during the financial year 2022-23, data from the Australian Taxation Office released on Friday, June 27, 2025, revealed. Meanwhile, the data also showed that 91 Australians who earned more than $1 million in total income paid no tax in ATO released the data covering the 2022-23 financial year, the first full year of the government led by Prime Minister Anthony Albanese. On one hand, the working Australians saw a rise in their tax bills, while on the other, the very rich witnessed a drop in their incomes as the property prices, which saw an unusual high, returned to normal levels or declined. The ATO data also revealed that the people were majorly impacted as their wages were consumed by both inflation and the tax system. Among the taxpayers who bore the brunt were women who suffered most from the end of the low- and middle-income tax offset. The income tax offset was a benefit given to Australian taxpayers to reduce the total tax burden. This amount was directly deducted from the total taxable income. The amount of offset depended upon the taxable income. The offset, which was discontinued by the Albanese government after it came to power in 2022, was brought in by the Scott Morrison government as a temporary measure to offset the cost of living pressure after the Covid-19 outbreak. The data also showed a decline in the number of landlords across Australia. However, those who had negatively geared properties increased in every state and territory, according to local media reports. Around 1,130,000 landlords who registered a loss were negatively geared. The median loss was $5,487, and the average was $9,346, ABC reported. As far as the 91 non-income tax-paying millionaires are concerned, they claimed $390 million worth of different deductions to reduce their tax bills to zero, according to an analysis of the data by the Australia Institute and the ABC. The major portion of the deductions came from 19 millionaires who donated a total of $291 million to tax-deductible charities, averaging about $15.4 million ATO data for the financial year 2022-23 also revealed that the country's highest earners live in Sydney's eastern suburbs, taking in Darling Point, Edgecliff, Rushcutters, and Point 2022-23, the average income of the working population across Australia was $74,240, which is an increase of $1913, or 2.6 percent, as compared to the 2021-22 financial year. Among the workers, the women's workforce managed to surpass men, with their average income growing by 3.3 percent, or $1992, to $62,046, compared to men, whose average lifted 2.2 percent to $86, big part of the rise in income, however, was taken away by higher taxes, partly due to the end of the low- and middle-income tax offset. After the offset benefit ended, the average net tax paid by all workers rose by 4.2 percent, or $946, to $23, to the Sydney Morning Herald, women, many of whom had fallen in the bracket of the low- and middle-income tax offset, suffered a 5.8 percent, or $1009, increase in their average net tax. As far as men are concerned, their average tax lifted by $1000, or 3.7 percent, to $28,206. Inflation, which was up by around 6 percent, added salt to the wounds.
