The Indian government is formulating fiscal incentives to boost domestic production of rare earth magnets, essential for EV motors, aiming to reduce reliance on Chinese supply. A scheme is being framed to provide targeted support to the industry, covering capital and operational expenditure. This initiative addresses supply disruptions and strengthens India’s participation in global value chains. Post navigation Silver rate today: Prices jump Rs 1,668 to all-time high of Rs 1.3 lakh/kg; investors eye Fed move, EV demands Retail inflation: CPI rises to 2.07% YoY in August; up from 1.61% in July
