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Govt announces policy reforms to enhance Ease of Innovation and Ease of Doing Research

Govt announces policy reforms to enhance Ease of Innovation and Ease of Doing Research

Union Minister of State for Science and Technology; Earth Sciences, Jitendra Singh on Sunday announced a set of policy reforms to enhance the "Ease of Innovation" and "Ease of Doing Research", providing long-awaited relief to innovators, researchers scholars, scientists and institutions across the country. Jitendra Singh unveiled decisions that will enable academic and research institutions to bypass some of the most cited hurdles in their day-to-day functioning-particularly around procurement delays and financial ceilings.
The announcement follows extensive consultations led by the Principal Scientific Adviser's office, drawing insights from 13 IITs and multiple research bodies across India.One of the most consequential decisions announced is the delegation of procurement powers to institutional heads. Directors of scientific organisations and Vice Chancellors of universities will now be empowered to carry out non-GeM (Government e-Marketplace) purchases for specialized research equipment and materials-a departure from the existing rules which mandated GeM procurement even when suitable items were unavailable.

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Europe's lithium quest hampered by China and lack of cash
Europe's lithium quest hampered by China and lack of cash

Economic Times

timean hour ago

  • Economic Times

Europe's lithium quest hampered by China and lack of cash

ET Online The key to locking down long-term lithium supply is closer ties in the so-called "lithium triangle" formed by Chile, Argentina and Bolivia, which account for nearly half of the world's reserves. Europe's ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South the bloc's broader energy security and climate goals could depend on securing a steady supply of the key mineral, used in batteries and other clean energy supply Europe has run into a trio of obstacles: lack of money, double-edged regulations and competition from China, analysts told has a major head currently produces more than three-quarters of batteries sold worldwide, refines 70 percent of raw lithium and is the world's third-largest extractor behind Australia and Chile, according to 2024 data from the United States Geological Survey. To gain a foothold, Europe has developed a regulatory framework that emphasises environmental preservation, quality job creation and cooperation with local has also signed bilateral agreements with about 15 countries, including Chile and Argentina, the world's fifth-largest lithium too often it fails to deliver when it comes to investment, say experts."I see a lot of memoranda of understanding, but there is a lack of action," Julia Poliscanova, director of electric vehicles at the Transport and Environment (T&E) think tank, told AFP."More than once, on the day that we signed another MoU, the Chinese were buying an entire mine in the same country."The investment gap is huge: China spent $6 billion on lithium projects abroad from 2020 to 2023, while Europe barely coughed up a billion dollars over the same period, according to data compiled by T&E. Lagging investment At the same time, the bottleneck in supply has tightened: last year saw a 30 percent increase in global demand for lithium, according to a recent report from the International Energy Agency (IEA)."To secure the supply of raw materials, China is actively investing in mines abroad through state-owned companies with political support from the government," the IEA Belt and Road Initiative funnelled $21.4 billion into mining beyond its shores in 2024, according to the meanwhile, is "lagging behind in investment levels in these areas", said Sebastian Galarza, founder of the Centre for Sustainable Mobility in Santiago, Chile."The lack of a clear path for developing Europe's battery and mining industries means that gap will be filled by other actors."In Africa, for example, Chinese demand has propelled Zimbabwe to become the fourth-largest lithium producer in the world."The Chinese let their money do the talking," said Theo Acheampong, an analyst at the European Council on Foreign 2035, all new cars and vans sold in the European Union must produce zero carbon emissions, and EU leaders and industry would like as much as possible of that market share to be sourced year, just over 20 percent of new vehicles sold in the bloc were electric."Currently, only four percent of Chile's lithium goes to Europe," noted Stefan Debruyne, director of external affairs at Chilean private mining company SQM."The EU has every opportunity to increase its share of the battery industry." Shifting supply chains But Europe's plans to build dozens of battery factories have been hampered by fluctuating consumer demand and competition from Japan (Panasonic), South Korea (LG Energy Solution, Samsung) and, above all, China (CATL, BYD).The key to locking down long-term lithium supply is closer ties in the so-called "lithium triangle" formed by Chile, Argentina and Bolivia, which account for nearly half of the world's reserves, analysts encourage cooperation with these countries, European actors have proposed development pathways that would help establish electric battery production in Latin EU regulations would allow Latin America to "reconcile local development with the export of these raw materials, and not fall into a purely extractive cycle", said Juan Vazquez, deputy head for Latin America and the Caribbean at the OECD Development it is still unclear whether helping exporting countries develop complete supply chains makes economic sense, or will ultimately tilt in Europe's favour."What interest do you have as a company in setting up in Chile to produce cathodes, batteries or more sophisticated materials if you don't have a local or regional market to supply?" said Galarza."Why not just take the lithium, refine it and do everything in China and send the battery back to us?"Pointing to the automotive tradition in Mexico, Brazil and Argentina, Galarza suggested an answer."We must push quickly towards the electrification of transport in the region so we can share in the benefits of the energy transition," he the road ahead looks vehicles were only two percent of new car sales in Mexico and Chile last year, six percent in Brazil and seven percent in Colombia, according to the small nation of Costa Rica stood out as the only nation in the region where EVs hit double digits, at 15 percent of new car sales.

India's gross direct tax collections rise 4.86% to  ₹5.45 lakh crore in FY26 so far, net collections dip – Here's why
India's gross direct tax collections rise 4.86% to  ₹5.45 lakh crore in FY26 so far, net collections dip – Here's why

Mint

timean hour ago

  • Mint

India's gross direct tax collections rise 4.86% to ₹5.45 lakh crore in FY26 so far, net collections dip – Here's why

The gross direct tax collections in India for the financial year 2025-26 rose by 4.86 per cent to nearly ₹ 5.45 lakh crore as of June 19, from ₹ 5.19 lakh crore reported during the same period the previous year, according to data released by the Income Tax Department. There was a marginal dip of 1.39 per cent in the net tax collections, which stood at ₹ 4.59 crore, due to a 58 per cent increase in refunds issued, PTI reported. As of June 19, advance tax collections for the financial year 2025-26 were ₹ 1.56 lakh crore, a 3.87 per cent growth. The surge in advance tax collections was primarily due to a 5.86 per cent increase in corporate advance tax payments, while collections from non-corporate taxpayers decreased by 2.68 per cent. Even though corporate tax collections rose, the Securities Transaction Tax (STT) experienced a decrease, and the overall growth in collections was moderated by high refund outflows. The Income Tax Department recently launched the 'e-Pay Tax' feature, which is an online portal to make payments through the net banking facility of the authorised banks. The July 2024 Budget included a proposal for an extensive evaluation of the Income Tax Act of 1961. The aim was to streamline the Act for clarity, ultimately minimising disputes and litigation. On March 25, Union Finance Minister Nirmala Sitharaman mentioned that the new Income Tax Bill will be discussed during the Parliament's monsoon session. The Finance Minister has previously indicated in his budget speech that under the updated tax structure, individuals with earnings up to ₹ 12 lakhs will incur no tax liability thanks to the raised rebate of ₹ 60,000. On March 18, the government urged stakeholders to provide their suggestions on the newly introduced Income Tax Bill 2025, which is currently being reviewed by the Select Committee for detailed consideration.

River water disputes: TG govt ready for dialogue with AP
River water disputes: TG govt ready for dialogue with AP

Hans India

timean hour ago

  • Hans India

River water disputes: TG govt ready for dialogue with AP

Hyderabad: The Telangana Cabinet will meet on June 24 to finalize an action plan to find an amicable solution to the snowballing inter-state row over the Bankacharla project through a dialogue with Andhra Pradesh government, while keeping its option to fight for the state's needs. During an interaction with media persons before leaving for Hyderabad from New Delhi on Friday evening, Chief Minister A Revanth Reddy said that he did not want to develop animosity with the neighbouring state. He said he would prefer to resolve water disputes in a friendly atmosphere. In the wake of rising river water disputes among southern states, particularly AP, Karnataka and Maharashtra, the Chief Minister said: 'Our policy is to continue good relations with all states and find a solution to the river water disputes with each state through talks only'. Revanth Reddy took a broadside at former chief minister and BRS supremo K Chandrashekar Rao and T Harish Rao for politicizing the Banakacharla issue. He said that the Banakacharla issue was the result of KCR and Harish Rao agreeing to AP lifting water from Godavari at the Apex Council meeting in 2016. The official meetings held between AP and Telangana CMs in 2019 also sowed the seeds of exploitation of Godavari water by the neighbouring state. Revanth Reddy questioned the silence of the former chief minister KCR on the GOs issued by the AP government in 2016 and 2018 for Banakacharla. The CM took a swipe also at Union Minister for Coal G Kishan Reddy for not coming forward to protect the interests of Telangana from the exploitation of Godavari and Krishna water by Andhra Pradesh. 'Kishan Reddy is tutor of KTR and KTR is playing a liaison officer role for the Union Minister,' he alleged. Revanth Reddy criticized KCR for not irrigating even 50,000 acres by spending more than Rs 2 lakh crore on Kaleshwaram. The multi-crore Kaleshwaram project was left unused after the damages to the three barrages of Medigadda, Annaram and Sundilla. Further, the Chief Minister alleged that the Union government was indifferent towards Telangana in sanctioning the state's irrigation projects and allocating funds for them. He wondered why the Centre was proactive in releasing funds liberally to the Polavaram project, although Telangana had raised strong objections. He sought to know the Centre's main intention in approving the Banakacharla project without water allocations. 'PM Narendra Modi needs the support of AP CM N Chandrababu Naidu to run the coalition government at the Centre. The BRS wanted to raise the water disputes to survive in Telangana politics', he said.

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