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Government of India to Inject 200 Crore Rupees into Ather Energy via India-Japan Fund

The Government of India is set to invest 200 crore rupees in electric vehicle manufacturer Ather Energy through the bilateral India-Japan Fund.
This strategic investment constitutes a portion of Ather Energy's larger 1,000 crore rupees fund-raising round aimed at expanding its EV capabilities.
The India-Japan Fund is managed by the National Investment and Infrastructure Fund to promote strategic collaborative ventures.
Exam Perspective: This deal signals active public-private partnerships in driving green mobility and highlights foreign investment routes in powering domestic electric vehicle ecosystems.

Key Facts / Static GK

India-Japan Fund Backed by: Government of India and Japan Bank for International Cooperation
NIIF Headquarters: Mumbai, Maharashtra

Q Practice Quiz — 17 July 2026

1. Which of the following statements is/are correct regarding the PARIVARTAN Scheme? 1. The scheme's operational guidelines have been approved by the Ministry of Road Transport and Highways. 2. Old vehicles in the NCR will be replaced with BS-VI compliant models or Electric Vehicles. 3. The National Capital Region Planning Board serves as the funding agency for this scheme.

A Only 1
B Only 2
C Both 1 and 2
D Both 2 and 3
E All 1, 2 and 3

Explanation: Statement 1 is incorrect because the operational guidelines have been approved by the Ministry of Housing and Urban Affairs, though the Ministry of Road Transport and Highways is the nodal ministry. Statements 2 and 3 are correct.

2. What is the weightage assigned to the 'Usage' dimension in the Reserve Bank of India's Financial Inclusion Index?

A 20%
B 35%
C 45%
D 50%
E 60%

Explanation: The RBI Financial Inclusion Index is calculated based on three dimensions with specific weights: Access (35%), Usage (45%), and Quality (20%).

3. Which entity is responsible for managing the India-Japan Fund, which recently announced an investment of 200 crore rupees in Ather Energy?

A Small Industries Development Bank of India
B National Investment and Infrastructure Fund
C Japan Bank for International Cooperation
D Securities and Exchange Board of India
E State Bank of India

Explanation: The India-Japan Fund is a bilateral investment fund managed by the National Investment and Infrastructure Fund.

4. Which airline operated the first international flight connecting Navi Mumbai International Airport with Abu Dhabi?

A IndiGo
B Air India Express
C Akasa Air
D Vistara
E SpiceJet

Explanation: Air India Express operated the first international flight from Navi Mumbai International Airport, connecting it to Abu Dhabi.

5. Which of the following nations were removed from the Financial Action Task Force Grey List in the June 2026 revisions?

A Iraq and Namibia
B Bosnia and Herzegovina
C Algeria and Namibia
D Algeria and Iraq
E Namibia and Bosnia

Explanation: In the June 2026 changes, Algeria and Namibia were removed from the FATF Grey List, while Bosnia and Herzegovina and Iraq were added.

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