Urso called for a stronger industrial policy by the European Union as the bloc approaches European Parliament elections next month. The European Union should follow the example of the United States and protect its industry by imposing tariffs on Chinese products, Italian Industry Minister Adolfo Urso said on Saturday. U.S. President Joe Biden unveiled steep… Continue reading EU should follow US on tariffs over Chinese goods, Italy minister says
Author: Economic Times of India Online News
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
India is seen by international agencies and top rating firms as an emerging economic superpower of the world. While risk of global recession has receded but concerns of inflation is impending which re-ignites the risks of global financial stability. IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth this year.… Continue reading India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Road Ministry against hike in project lending rates, bats for status quo
The central bank earlier this month proposed tighter norms, requiring lenders to allocate 5% of the project loan amount as general provisions during the construction phase, up from 0.4% provisions now. The ministry of road transport and highways will bat for status quo in project finance lending rates even as it seeks views from all… Continue reading Road Ministry against hike in project lending rates, bats for status quo
NHAI’s asset monetisation drive poised to generate up to INR 60,000 cr in FY2025
In April 2024, NHAI announced an indicative list of 33 road assets targeted for monetisation in FY2025. New Delhi: The National Highways Authority of India (NHAI) is on track to bolster its revenue through a targeted asset monetisation strategy, potentially fetching up to INR 60,000 crore in the fiscal year 2025, according to an assessment… Continue reading NHAI’s asset monetisation drive poised to generate up to INR 60,000 cr in FY2025
Green jobs on the rise in India’s renewable energy industry
India as a whole also aims to reduce the emissions intensity of GDP by 45%. Finally, India commits to net-zero emissions by 2070. India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency… Continue reading Green jobs on the rise in India’s renewable energy industry
US-China trade war deepens as tariff exclusions end on hundreds of Chinese products
Last week, US President Joe Biden announced to quadruple tariffs on Chinese electric vehicles (EVs) and hiked duties for solar cells, semiconductors and other “strategic” sectors. In a bid to cut dependency on Chinese products, the US has banned, restricted or put high tariffs on hundreds of goods imported from the country in recent months… Continue reading US-China trade war deepens as tariff exclusions end on hundreds of Chinese products
BM Drive: The Electrifying Boom of Electric Vehicles in India
With ongoing innovation, supportive policies, and a commitment to cleaner mobility, electric vehicles are poised to reshape the way we commute and contribute to a more sustainable and resilient transportation ecosystem. Electric vehicles (EVs) are sparking a revolution in India’s automotive industry, captivating environmentally conscious consumers and driving a shift towards sustainable transportation. While petrol… Continue reading BM Drive: The Electrifying Boom of Electric Vehicles in India
EV sales declining globally even as Indian market witnessing growth
Sales decreased 15.2% from Q4 2023 but increased 2.6% year over year in Q1. Last quarter’s gain was significantly less than that of the prior two years, as the as the research company cited above noted. New Delhi: The growth rate of sales of electric vehicles is slowing worldwide, as noted by Goldman Sachs, an… Continue reading EV sales declining globally even as Indian market witnessing growth
Lower shipments of iron & steel dragged down engineering exports in April by 3.2%
India’s total engineering goods exports in the financial year ended March 2024 had risen marginally to USD 109.32 billion from USD 107.04 billion in FY2022-23 despite numerous challenges. New Delhi: After experiencing steady growth in the last four months, India’s engineering exports declined in April 2024 by 3.2% to USD 8.67 billion primarily due to… Continue reading Lower shipments of iron & steel dragged down engineering exports in April by 3.2%
European automakers need time, not tariffs, to fend off China competition
Stellantis CEO Carlos Tavares said carmakers “don’t have much time” to adjust their businesses and depended on the removal of “regulatory chaos and the bureaucracies that we have in our backyard”. Europe’s car giants won’t have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will… Continue reading European automakers need time, not tariffs, to fend off China competition