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The latest example in this context is the subsidy provided for electric vehicles under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme. Some electric two-wheeler manufacturers have been violating rules at different levels

Rajesh Kumar
Here is the best of Business Standard’s opinion pieces for today

Government intervention in the functioning of markets can often lead to unintended consequences. The latest example in this context is the subsidy provided for electric vehicles under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme. Some electric two-wheeler manufacturers have been violating rules at different levels. Our lead editorial in this context notes that the scheme will need to be redesigned. The subsidy can be given directly to the consumer. Read here

In other views:

The Budget reflects the shift globally in government capital expenditure, inflation, fiscal

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First Published: Feb 10 2023 | 6:30 AM IST

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