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12 states, UTs support e-bus payment plan
Mint Mumbai
|October 18, 2025
PM E-bus Sewa PSM scheme plans to build confidence in e-bus makers
In case of defaults, the government will use the fund created under the PSM scheme to compensate bus makers and operators.
(PTI)
Only 12 states and Union territories—Gujarat, Karnataka, Rajasthan, Punjab, Telangana, Andhra Pradesh, Madhya Pradesh, Meghalaya, Maharashtra, Uttarakhand, Odisha and Jammu & Kashmir—out of 36 have deposited the payment security mandate with the Reserve Bank of India (RBI) under the Union government's PM E-bus Sewa payment security mechanism (PSM), according to two people aware of the development.
The PM E-bus Sewa PSM scheme plans to build confidence in e-bus makers and operators to deploy more than 38,000 zero-emission buses on the roads.
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FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Murky underworld where Louvre thieves take stolen jewels
After a group of thieves brazenly broke into Paris’s Louvre Museum and snatched eight pieces of jewelry that form part of France’s crown jewels, the chase is on to find them before they filter into the black market.
4 mins
October 22, 2025
Mint Mumbai
US deal may cut tariff to 15%, trim Russian crude
Higher imports of US corn, ethanol likely; deal may be announced at Asean summit
4 mins
October 22, 2025
Mint Mumbai
Small stores on slow track in passing on GST rate cut
It has been nearly a month since the government's latest Goods and Services Tax (GST) rate cuts came into effect, but chances are some packaged goods may still be sold at old prices in small retail stores.
2 mins
October 22, 2025
Mint Mumbai
DECODING THE BUYBACK PUZZLE: WHY EVEN A PREMIUM PRICE CAN HURT RETURNS
Till 30 September 2024, acompany buying back shares paid 10% tax while shareholders were exempt. From | October 2024, tax laws were amended, making any amount received bya shareholder forselling shares back to the company taxable as dividend income. The cost of bought-back shares is allowed asa capital loss.
3 mins
October 22, 2025
Mint Mumbai
Oil imports in Oct rise as GST cuts boost demand
India’ crude oil imports are likely to increase in October compared to the past few months, as refineries return to operating at higher capacity after scheduled maintenance and the recent goods and services tax (GST) cuts boost economic activity and consumer demand, said experts.
1 min
October 22, 2025
Mint Mumbai
Despite abstemious Gen Zs, the booze industry is going strong
The Lucky Saintin central London looks like any other pub. Big wooden barrels double as tables. Bartenders pull pints, But thisisn’t a regular watering-hole.
3 mins
October 22, 2025
Mint Mumbai
GIFT City funds want tax removed
The regulator of GIFT City, short for Gujarat International Finance Tec City, has relayed a key demand from fund companies operating there to the Union finance ministry that tax collected at source, or TCS, be exempted on investments made by Indians in the international financial services centre (IFSC).
2 mins
October 22, 2025
Mint Mumbai
HOW ALTMAN TIED TECH'S BIGGEST PLAYERS TO OΡΕΝΑΙ
Dealmaking blitz has convinced Silicon Valley’s giants to tether fates to his firm, essentially making it too big to fail
9 mins
October 22, 2025
Mint Mumbai
Power, realty are bright spots amid capex gloom
While corporate India remains flush with capital, new investments are not keeping pace.
3 mins
October 22, 2025
Mint Mumbai
UltraTech fires up expansion, north peers left in the cold
Pan-India focused UltraTech Cement announced the fourth phase of its capacity expansion alongside its September quarter (Q2FY26) results last week.
1 mins
October 22, 2025
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