Try GOLD - Free
Rare earths: Decision on subsidy scheme soon
Financial Express Lucknow
|June 25, 2025
The government is likely to take a decision on rolling out a scheme to subsidise domestic production of rare earth magnets in the next 15-20 days, Union minister HD Kumaraswamy said on Tuesday.
THE GOVERNMENT IS likely to take a decision on rolling out a scheme to subsidise domestic production of rare earth magnets in the next 15-20 days, Union minister HD Kumaraswamy said on Tuesday.
"We have been in discussions with the ministry of mines for providing incentives for rare earth magnet processing. The final decision will be taken within 15-20 days," the minister said.
To reduce dependence on China, India is also exploring the possibility of sourcing rare earth oxides from countries such as Japan and Vietnam, which have both reserves and active mining operations.
This story is from the June 25, 2025 edition of Financial Express Lucknow.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Lucknow
Financial Express Lucknow
Streaming giants join microdrama race
AMAZON & JIOHOTSTAR ARE RIDING ON IPL TO DRIVE ENGAGEMENT IN THE CROWDED SPACE
2 mins
May 18, 2026
Financial Express Lucknow
Skoda's GOAT pivot
CLAIMS ‘GREATEST ON A TRACK IS SKODA ON A TRACK’
1 mins
May 18, 2026
Financial Express Lucknow
For cross-border employees, ESOP tax can be a minefield
EQUITY-BASED REWARDS HAVE long been a part of pay structures. As careers now often span multiple jurisdictions, the resulting tax outcomes have become more layered and, at times, more complex than they initially appear.
2 mins
May 18, 2026
Financial Express Lucknow
Capital markets get smarter
FOR MOST PEOPLE, capital markets are visible only in moments: a trade executed, a stock price change, a market moving sharply on news.
2 mins
May 18, 2026
Financial Express Lucknow
Netherlands, India elevate ties to strategic partnership
INDIA AND THE Netherlands have agreed to elevate their relationship to a strategic partnership and announced a five-year road map for it covering areas like agriculture, technology, energy transition and defence cooperation.
1 mins
May 18, 2026
Financial Express Lucknow
Boeing deal won't end its China troubles
BOEING CO.'S AGREEMENT for 200 jets marks the end of a nine-year drought in China. But the order was considerably smaller than expected — and a reminder of how much ground it has lost in the world’s second-largest aviation market.
3 mins
May 18, 2026
Financial Express Lucknow
Anthropic takes Claude to small businesses
ANTHROPIC IS LOOKING to expand its AI business beyond enterprise customers, as the AI startup has introduced a new Claude offering designed specifically for small businesses.
1 min
May 18, 2026
Financial Express Lucknow
April rice exports fall 6% due to war
INDIA'S RICE EXPORTS, its largest agri-product shipment, continue to be hit by the West Asia war with shipment value falling by 6% in April.
1 min
May 18, 2026
Financial Express Lucknow
Credibility matters more than ever
THE ADVERTISING STANDARDS Council of India (ASCI) recently released the draft guidelines for the responsible labelling of AI content in advertising.
2 mins
May 18, 2026
Financial Express Lucknow
Built to belong
FROM A WAREHOUSE GYM IN BENGALURU TO A NATIONAL FITNESS CHAIN, CULT.FIT GREW BY TURNING EXERCISE INTO ROUTINE, COMMUNITY AND IDENTITY
3 mins
May 18, 2026
Listen
Translate
Change font size