Electric two-wheelers cost
The backlash is the government’s sudden reduction in subsidy for two-wheelers. It may also slow down the country’s transition to electric vehicles. This could lead to a major decline in the EV industry as well, according to the Association of Electric Vehicle Manufacturers. Meanwhile, startups in this field have welcomed the government’s decision. Companies like Ather Energy and Ola Electric have already announced a price hike from June 1.
The government suddenly decided to reduce the subsidy under the fame two scheme. From June 1, 2023, the incentive for electric two-wheelers will be Rs 10,000 per kilowatt. The limit of the incentive will now be 15 percent of the ex-factory price of the vehicles. Now 40 percent subsidy has been cut.
Those who want to buy vehicles can save money by buying before 31st of this month.
Ather Energy has announced that the price of its 450X electric scooters will be increased from June 1, 2023. If you buy the vehicle before the price hike takes effect, you can save up to Rs 32,500. Limited time offer available for current stocks.
Have a non-withdrawal fixed deposit?
RBI returns the deposits accumulated in public sector banks of the country to the deserving ones due to lack of claimants. RBI’s campaign for this will start from this month.
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RBI is developing a new centralized web portal for unclaimed deposits older than 10 years. Currently bank customers have to check multiple banks’ websites to claim deposits. Now one website is enough.
This new web portal will help bank customers to trace their unclaimed deposits. Currently, banks are transferring unclaimed bank deposits for 10 years or more to another fund. This amount is paid to the heirs. If the fixed deposits are in the name of the deceased, the legal heirs can also withdraw the fixed deposits in various banks by submitting the documents.
