Meanwhile, data out on Friday showed that U.S. June producer prices increased slightly more than expected on Friday. However, that did not affect the Federal Reserve rate cut outlook. The Indian rupee is likely to open marginally higher on Monday, shrugging off the decline in Asian peers amid higher odds of Donald Trump winning the… Continue reading Rupee likely to inch up despite weakness in Asian peers
Author: Economic Times of India Online News
EV Industry seeks incentives, funds for infrastructure, tax rationalisation from Budget
The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India) Scheme, introduced in 2015, promotes electric and hybrid vehicles in India and has completed two terms: FAME-1 and FAME-2. As Finance Minister Nirmala Sitharaman gears up for the Union Budget 2024-25 on July 23, the electric vehicle (EV) sector is optimistic… Continue reading EV Industry seeks incentives, funds for infrastructure, tax rationalisation from Budget
Centre asks Jharkhand to auction 10 mineral blocks, warns it will go ahead if state fails to do so
Of the 38 geological reports handed over by Geological Survey of India to the Jharkhand government, only five have been utilised for auction so far. The mines ministry has asked the Jharkhand government to put on sale 10 mineral blocks, including a gold mine, and warned that if the state failed to do so, the… Continue reading Centre asks Jharkhand to auction 10 mineral blocks, warns it will go ahead if state fails to do so
UAE’s Ministry of Energy and Infrastructure, Emirates Transport to support green mobility
The move aligns with UAEV’s mission of supporting the shift to green mobility and contributing to the country’s goal of increasing the share of EVs to 50% of total vehicles on the UAE’s roads by 2050. The UAE’s Ministry of Energy and Infrastructure (MoEI), represented by UAEV, and Emirates Transport will cooperate in installing and… Continue reading UAE’s Ministry of Energy and Infrastructure, Emirates Transport to support green mobility
Government pushes for PPP model to enhance multi-modal logistics parks
MMLPs is a key policy initiative of the Government of India, led by National Highways Logistics Management Limited under the MoRTH and the NHAI. In a move to bolster the country’s logistics infrastructure, the government announced on Friday that it will actively promote the Public-Private Partnership (PPP) model on a project-specific Special Purpose Vehicle (SPV)… Continue reading Government pushes for PPP model to enhance multi-modal logistics parks
Germany set to abstain in vote on EU tariffs for China EVs, say sources
Other members have wavered about how to vote, the first official test of support for the Commission’s tariff move. Germany is set to abstain in Monday’s vote by European Union member states on imposing provisional tariffs on China-made electric vehicles, sources told Reuters on Friday, in the first test of support for Brussels’ landmark trade… Continue reading Germany set to abstain in vote on EU tariffs for China EVs, say sources
Auto workers union chief blasts Trump, praises Biden without using his name
US President Joe Biden United Auto Workers President Shawn Fain on Friday criticized Donald Trump‘s U.S. presidential candidacy and praised President Joe Biden without ever using his name or repeating the union’s January endorsement for his re-election this fall. “It’s clear that Donald Trump in the White House would be a complete disaster for the… Continue reading Auto workers union chief blasts Trump, praises Biden without using his name
Electric Vehicles from a ‘Cradle to Grave’ perspective: Are they climate protectors or destroyers?
The policy is not only to bring new EVs into market but also to curb sale of Internal Combustion Engine Vehicles (ICEVs) and even replace existing ICE powered vehicles. Nations, all over the world, are facing severe damage from climate change caused by the rising average temperature of the earth. To mitigate climate change, 197… Continue reading Electric Vehicles from a ‘Cradle to Grave’ perspective: Are they climate protectors or destroyers?
Vizinjham port will reduce time, logistics cost for Indian manufacturers: APSEZ CEO Karan Adani
Adani Ports and SEZ on Friday announced the arrival of the first mother ship at its Vizhinjam port. The AdGroup‘s Vizinjham port will reduce the logistics cost and time of Indian manufacturers, said Adani Ports and SEZ‘s CEO Karan Adani. “I think with this port we are able to reduce the transit time for our… Continue reading Vizinjham port will reduce time, logistics cost for Indian manufacturers: APSEZ CEO Karan Adani
Odisha drivers trained under SuVahak Project secure employment opportunities in Japan
To prepare for their new roles, these drivers will receive training in Japanese language and etiquettes, organized by the Skill Development and Technical Education Department. Drivers trained at the Institute of Driving Training and Research (IDTR) under the SuVahak project by the State Transport Authority Odisha now have access to employment opportunities in Japan. This… Continue reading Odisha drivers trained under SuVahak Project secure employment opportunities in Japan