Page 15 - Banking Finance August 2021

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Industry News
Industry News
Industry News
Industry News
Industry News

Finance minister Nirmala nance ministry officials, besides repre- In his message to the shareholders, he
sentatives of the Institute of Chartered noted that the auto major aims to be
Sitharaman asks Infosys to Accountants of India and All India Fed- amongst the world leaders in sustain-

address I-T Portal issues eration of Tax Practitioners were able mobility solutions and as part of
on priority present at the meeting. Sitharaman that it is also exploring tie-ups in cell
exhorted Infosys to make the portal and battery manufacturing to secure
Finance minister Nirmala
more user-friendly. The new portal was supplies for its portfolio of green ve-
Sitharamanon asked the IT services launched June 7 but continues to face hicles.
provider for the new income tax por- technical glitches.
tal, to address all issues since the In India, EV penetration in our portfo-
website's rollout "without further loss The Infosys managers assured the gov- lio has now doubled to 2 per cent this
of time" and redress stakeholder griev- ernment that it would resolve the is- year and we expect penetration to in-
ances on priority. sues within a week. The timelines men- crease exponentially in the coming
tioned by Infosys related to redressal years. Tata Motors will lead this
At a high-level meeting attended by
of the issues would be placed in the change in the Indian market. By 2025,
the Bengaluru-based company's man-
aging director and chief executive Salil public domain in due course, the min- Tata Motors will have 10 new BEV ve-
istry added. hicles and as a group, we will invest
Parekh and chief operating officer
Pravin Rao, Sitharaman expressed con- Taxpayers flagged over 2,000 issues, proactively to set up charging infra-
cern over the problems stake-holders including 90 unique problems, in the structure across the country,
were facing with the portal, which was new portal through more than 700 Chandrasekaran informed sharehold-
expected to provide a seamless expe- emails received by the ministry. ers in the company's annual report for
rience to taxpayers, the finance minis- 2020-21.
try said in a statement. 10 new EVs to be added to In addition, the Tata Group is actively
"The FM asked Infosys to address all Tata Motors portfolio by exploring partnerships in cell and bat-
issues without further loss of time, tery manufacturing in India and Europe
improve their services, and redress 2025 to secure our supplies of batteries, he
grievances on priority as it was impact- Tata Motors plans to have 10 new bat- added.
ing taxpayers adversely," it said after tery electric vehicles (BEVs) in its do- We are also evaluating an automotive
the meeting. mestic product portfolio by 2025 as it software and engineering vertical

Minister of state for finance Anurag looks to drive its business model to- within the group that will help us lead
Thakur, revenue secretary Tarun Bajaj, wards sustainable mobility going in a new world of connected and au-
Central Board of Direct Taxes chair- ahead, as per Tata Motors Chairman tonomous vehicles, Chandrasekaran
man Jagannath Mohapatra, senior fi- N Chandrasekaran. said.

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