Highlighting the ongoing work, Vaishnaw said that at present ‘Kavach’ tenders have been awarded for Delhi-Mumbai and Delhi-Howrah corridors (approximately 3,000 km). The Indian Railways has so far utilised INR 321.85 crore out of total INR 798.98 crore of budgetary allocation for the implementation of ‘Kavach’, an anti-collision device, Railway Minister Ashwini Vaishnaw said in… Continue reading Railway utilises over 40% of funds allocated in 2023-24 for ‘Kavach’ installation
Author: Economic Times of India Online News
Smart, caring & ambitious: Kudos to finance minister, says Piyush Goyel
Commerce and industry minister Piyush Goyal argues the Interim Budget is a big step in India’s journey to developed country status. New Delhi: Interim Budget proposals will accelerate the process of India achieving developed country status by 2047, aided by PM’s proven approach of sabka saath, sabka vikaas, sabka vishwas, sabka prayas. For this and… Continue reading Smart, caring & ambitious: Kudos to finance minister, says Piyush Goyel
Support for Ports and Portability to Green Hydrogen
This scheme falls under the INR 19,744 crore National Green Hydrogen Mission which was launched in January 2023. New Delhi : The Centre will support retrofitting existing ships to run them on green hydrogen under a new scheme for the sector. Provisions will also be made for developing bunkering and refuelling facilities in ports on… Continue reading Support for Ports and Portability to Green Hydrogen
Neo Middle Class Will Take India, Mobility Sector to New Heights: PM
“The mobility sector is witnessing an unprecedented at mosphere in the country and you must capitalise on it,” he said. New Delhi: India’s “neo middle class” of 250 million people will help fuel the country’s growth, including in the mobility sector, Prime Minister Narendra Modi said at the inaugural Bharat Mobility Show on Friday. Automobile… Continue reading Neo Middle Class Will Take India, Mobility Sector to New Heights: PM
India to soon unveil new scheme to incentivise EV purchases, expand charging infra
But implementation of the FAME scheme has been marred with issues as EV manufacturers falsified localisation claims and availed subsidies for mispriced vehicles. India will soon unveil a new scheme to incentivise electric vehicle purchases and expand charging infrastructure in line with the finance minister’s interim budget announcement to accelerate the adoption of eco-friendly transportation.… Continue reading India to soon unveil new scheme to incentivise EV purchases, expand charging infra
Delhi Metro to provide complimentary shuttle service for ‘Udyan Utsav 2024’ visitors
Commencing from February 2 to March 31, 2024, this initiative aims to enhance accessibility to the upcoming ‘Udyan Utsav 2024’ event, inaugurated by President Droupadi Murmu on Thursday. The Delhi Metro Rail Corporation (DMRC) has unveiled plans to offer a complimentary shuttle service for visitors heading to Amrit Udyan at Rashtrapati Bhawan. Commencing from February… Continue reading Delhi Metro to provide complimentary shuttle service for ‘Udyan Utsav 2024’ visitors
Experts bat for solar-based charging stations to accelerate EV ecosystem
The govt needs to fund research and development, and promote localization such as manufacturing spares. After-sale and service in the EV ecosystem will be a major challenge. With electric vehicles (EV) finding a significant mention in the Union Budget, there was something to cheer in Nagpur, the home turf of the principal proponent of green… Continue reading Experts bat for solar-based charging stations to accelerate EV ecosystem
Tata Motors net profit more than doubles to INR 7,100 in Q3
The consolidated revenue for the third quarter of the ongoing fiscal was up 25 % year-on-year to INR 1,10,600 cr, the company said in a statement. Tata Motors Ltd on Friday posted a 133.32 % rise in net profit to INR 7,100 crore in the December quarter. The company had posted a net profit of… Continue reading Tata Motors net profit more than doubles to INR 7,100 in Q3
Budget 2024: Green hydrogen’s allocation rises by whopping 102%
The Mission will identify and set up at least two green hydrogen hubs in the initial phase. Outlay of INR 400 crore up to 2025-26 for hubs and other projects. New Delhi: The Union Budget for 2024-25 has provided for a Budgetary allocation of INR 600 crore for the National Green Hydrogen Mission, a whopping… Continue reading Budget 2024: Green hydrogen’s allocation rises by whopping 102%
Electrics take charge at Bharat Mobility Expo
Companies are hoping that govt will maintain the special tax regime of 5% GST stipulated for electrics. New Delhi: It’s green all around as one enters Bharat Mobility Global Expo at re-worked Pragati Maidan in the national capital. The auto extravaganza returns here after more than a decade. And, Prime Minister Narendra Modi will visit… Continue reading Electrics take charge at Bharat Mobility Expo