Nirmala Sitharaman India needs to see an increase in manufacturing contribution to the GDP, said finance minister Nirmala Sitharaman. While giving the keynote speech at the Pondicherry Literature Festival on Sunday, she said that “manufacturing has to be diversified — otherwise we will largely rely only on services — so we will give a lot… Continue reading Share of mfg in GDP needs to increase, says FM
Author: Economic Times of India Online News
Key flyovers stalled over green nod, PWD plans legal route to clear path
The Public Works Department (PWD) in New Delhi plans to seek court intervention to lift stay orders on several flyover projects. New Delhi: The Public Works Department (PWD) plans to move court for vacating the stay orders on several flyover projects because of the lack of green clearance. According to PWD officials, major projects like… Continue reading Key flyovers stalled over green nod, PWD plans legal route to clear path
Stronger rupee has exporters worried
After the US Fed cut interest rates by 50 basis points, Asian currencies rebounded against the dollar, and the rupee hit a two-month high on Thursday. The strengthening rupee following the interest rate cuts by the US Federal Reserve has started worrying the textiles and chemicals exporters from Gujarat, who are terming it as a… Continue reading Stronger rupee has exporters worried
Fossil fuels will continue to lead energy mix amid slow EV growth and clean energy challenges: McKinsey
Global energy demand is projected to grow significantly, increasing by as much as 18% by 2050. Despite the ongoing shift toward cleaner energy, fossil fuels will continue to play a major role in meeting global energy needs, accounting for 40 to 60% of global energy supply by 2050 due to the slower-than-expected adoption of electric… Continue reading Fossil fuels will continue to lead energy mix amid slow EV growth and clean energy challenges: McKinsey
Lessons India can learn from the global success of China’s Electric Vehicle makers
China’s efforts to promote EVs were very well coordinated at all levels – national, provincial, and city/local levels. China began promoting electric vehicles (EVs) in 2009 initiating a program called Ten Cities, Thousand Vehicles. This was a pilot program that aimed at promoting EVs in public transportation in ten cities of China. The program was… Continue reading Lessons India can learn from the global success of China’s Electric Vehicle makers
EV charging stations in city gain traction slowly
EVs were plugged-in for around 590 times. As electric vehicles gain greater footprint in the city, the user count of public charging stations is picking up speed gradually.Public charging stations have earned a revenue of INR 95,091 in the first three months after being operationalised. A revenue of INR 2,732 was raised from charging of… Continue reading EV charging stations in city gain traction slowly
LG focuses headlights on vehicle & dust pollution
Lieutenant Governor VK Saxena reviewed Delhi’s pollution control measures. New Delhi: Lieutenant governor VK Saxena, at a meeting to review preparedness on pollution checks for winter, has highlighted that the hazardous impact of vehicle emissions and dust on Delhi’s air remains largely unaddressed. At the meeting with the chairman, Commission for Air Quality Management (CAQM),… Continue reading LG focuses headlights on vehicle & dust pollution
Karnataka new traffic rule: Get ready to pay INR 1,000 traffic fine if you don’t have this
Vehicle owners in Karnataka without High-Security Registration Plates (HSRP) will face penalties. Vehicle owners in Karnataka who do not have High-Security Registration Plates (HSRP) on their vehicles will soon face penalties ranging from INR 500 to INR 1,000. Transport Minister Ramalinga Reddy said that enforcement of this rule will begin in early October, around 15… Continue reading Karnataka new traffic rule: Get ready to pay INR 1,000 traffic fine if you don’t have this
VW must solve most of its problems alone: German minister
Germany wants to support Volkswagen and help it avoid factory closures. Germany wants to support Volkswagen and help it avoid factory closures but the ailing car giant will have to fix most of its problems itself, Economy Minister Robert Habeck said Friday. Volkswagen said earlier this month it needed significant restructuring to stay competitive, and… Continue reading VW must solve most of its problems alone: German minister
PM E-Drive scheme to have phased manufacturing plan to push EV parts production
Updated On Sep 21, 2024 at 08:05 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The official said the PM E-DRIVE will also subsume the Electric Mobility Promotion Scheme 2024 which was announced to subsidise EVs during the 2024 general election. New Delhi: The recently announced Prime Minister’s E-DRIVE scheme will… Continue reading PM E-Drive scheme to have phased manufacturing plan to push EV parts production