Pawan Munjal The Delhi High Court has quashed a summons issued to Hero Motocorp chairman Pawan Kant Munjal in a case related to foreign currency registered by the Directorate of Revenue Intelligence (DRI). The summons, issued by a trial court on July 1, 2023, was for alleged offences under the Customs Act. Justice Manoj Kumar… Continue reading Delhi High Court quashes summons to Hero Motocorp chairman in foreign currency case
Author: Economic Times of India Online News
Eco Survey – Holistic plan needed for a green India
This effort helps lay the groundwork for a future that is smarter, greener and more resilient. India stands at the cusp of a transformative opportunity to lead the way in green transition finance for infrastructure. Building future-ready, green infrastructure will require creating synergies across the sectors of infrastructure development. The commitment to achieve net zero… Continue reading Eco Survey – Holistic plan needed for a green India
Government announces support for 3.72 lakh electric vehicles under EMPS 2024
Updated On Jul 24, 2024 at 08:01 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The initiative is expected to provide significant momentum to the green mobility sector and boost the electric vehicle manufacturing ecosystem in the country. Between April and July, up to 3.72 lakh electric vehicles will receive support… Continue reading Government announces support for 3.72 lakh electric vehicles under EMPS 2024
EV sector gets no direct benefits in the Budget, FAME III yet to be finalised
Updated On Jul 23, 2024 at 06:59 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals In various pre-Budget discussions with industry representatives, officials of the ministry of heavy industries have already indicated that subsidising e2w sales may no longer be a policy priority and instead, ebuses and etrucks may see a… Continue reading EV sector gets no direct benefits in the Budget, FAME III yet to be finalised
Budget 2024-25: FM Nirmala Sitharaman unveils comprehensive employment and skilling initiatives
A new centrally sponsored skilling scheme will skill 20 lakh youth over five years. Union Budget 2024-25: Union Budget 2024-25: In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman announced a series of initiatives focused on employment and skilling as part of the Prime Minister’s package, aiming to boost job creation and enhance the workforce’s… Continue reading Budget 2024-25: FM Nirmala Sitharaman unveils comprehensive employment and skilling initiatives
Coal likely to remain backbone of country’s energy system for next two decades: Eco Survey
Coal, which accounts for 70% of the total electricity generation, is also a critical input in various industries, such as steel, sponge iron, cement, and paper. New Delhi: Coal is expected to continue to be the backbone of the Indian energy system for the next two decades and the phase-down of the dry fuel will… Continue reading Coal likely to remain backbone of country’s energy system for next two decades: Eco Survey
US opens probe into 150,000 Stellantis vehicles over loss of motive power
The NHTSA has received 80 such consumer complaints affecting 2022 RAM 1500 pickup trucks and 2022 Jeep Wagoneer SUV vehicles. The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday that it has opened a preliminary evaluation into about 150,000 Stellantis vehicles over reports of loss of motive power that is causing the engine… Continue reading US opens probe into 150,000 Stellantis vehicles over loss of motive power
Prasad Phansalkar steps down as Stellantis dealer development Head
Updated On Jul 23, 2024 at 08:26 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Prasad Phansalkar Prasad Phansalkar, the Director of Dealer Network Development at Stellantis, has submitted his resignation, marking the end of his tenure at the automotive conglomerate, sources aware of the matter told ETAuto. Known for his… Continue reading Prasad Phansalkar steps down as Stellantis dealer development Head
Government addresses challenges in national highway development with proactive measures and strategic upgrades: Economic Survey
The government is also aiming to make all NHs a minimum of two lanes with paved shoulders standards. New Delhi: Ribbon development or construction of buildings along national highways is posing a challenge for the construction of a new parallel road/bypass. Roadway services in India face challenges such as continuous ribbon development along highways, slow… Continue reading Government addresses challenges in national highway development with proactive measures and strategic upgrades: Economic Survey
Eco Survey showcases policy support for encouraging EVs but what’s the way forward?
The second edition of the FAME scheme was launched in 2019 – the scheme offered subsidies of up to 40% of the vehicle cost for e2ws initially. New Delhi: The electric two wheeler (e2w) industry has been rapidly consolidating as the government has been gradually reducing purchase subsidies for incentivising sales. But latest data shows… Continue reading Eco Survey showcases policy support for encouraging EVs but what’s the way forward?