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Daily Market Commentary - April 15, 2021 - Bonanza Portfolio

Daily Market Commentary - April 15, 2021 - Bonanza Portfolio
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SIAM hails government s decision to extend FAME II certificate validity

Auto industry body SIAM on Wednesday termed the government s move to extend the FAME II certification validity by one year as a step in the right direction. The measure will enable FAME II eligibility certificate valid for one year from the last date of certification instead of the financial year norm earlier, Society of Indian Automobile Manufacturers (SIAM) said in a statement. We appreciate and thank the Department of Heavy Industry (DHI) to accept this recommendation of the industry. Such progressive measures would help bolster the industry s confidence to introduce more and more electric models with time, it added. SIAM noted that the scheme is largely on the right track and would result in desirable outcomes in the coming few years.

Extension of FAME II certification validity to help bolster industry confidence: SIAM

Extension of FAME II certification validity to help bolster industry confidence: SIAM PTI New Delhi | Updated on April 14, 2021 × Now, FAME II certificate to be valid for one year from last date of certification, instead of the financial year norm earlier Auto industry body SIAM on Wednesday termed the government’s move to extend the FAME II certification validity by one year as a step in the right direction. The measure will enable FAME II eligibility certificate valid for one year from the last date of certification instead of the financial year norm earlier, Society of Indian Automobile Manufacturers (SIAM) said in a statement.

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