Budget 2025: FM Sitharaman announces customs duty exemption on lithium-ion battery scrap, other critical minerals

[ad_1] Finance Minister Nirmala Sitharaman has proposed to completely exempt colbalt powder and waste, lithium-ion battery scrap, lead, zinc and 12 other critical minerals in Budget 2025. Sitharaman also announced the inclusion of 35 additional capital goods for EV battery manufacturing and 28 additional capital goods for mobile phone battery manufacturing. Speaking during her 8th…

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Union Budget 2025: FM Sitharaman announces ₹500 crore AI centre of excellence in education

[ad_1] Finance Minister Nirmala Sitharaman has announced a setup of new centre of excellence in artificial intelligence for education in the Union Budget 2025. Speaking during her budget speech, Sitharaman said, “I had announced three centres of excellence in artificial intelligence for agriculture, health and sustainable cities in 2023. Now, a centre of excellence in…

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Budget 2024: FM Nirmala Sitharaman announces major reduction in basic customs duty for mobile phones and chargers

[ad_1] Finance Minister Nirmala Sitharaman announced a major reduction in customs duty for mobile phones, mobile PCBA and mobile chargers, taking the rate to 15%. Speaking during her budget speech, FM Sitharaman said,  “With a three fold increase in domestic production and almost 100 fold jump in exports of mobile phones. Over the last six…

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