There is a massive pile up of claims from highway developers, which in some cases is as high as 13 times the original project cost. While the 17 cases mentioned in a Parliamentary committee report submitted on Thursday have pending claims of Rs 62,193 crore, the total claims of private developers now top Rs 1… Continue reading Delayed highway projects cause massive pile-up of claims
Author: Economic Times of India Online News
Canada’s critical-mineral strategy aims to accelerate permitting
Critical minerals are key elements in EV batteries, electronics and solar panels and play a crucial role in the transition to the green economy. By Steve Scherer Canada unveiled a new strategy on Friday to ramp up production and processing of critical minerals vital to power electric vehicle (EV) batteries, according to the strategy paper… Continue reading Canada’s critical-mineral strategy aims to accelerate permitting
BMC deploys light vehicles to collect waste
In south-east zone, for 25 wards, 31 LCVs have been given, while for north zone. The Bhubaneswar Municipal Corporation (BMC) on Friday deployed 60 light commercial vehicles (LCVs) to collect segregated waste (wet and dry in separate containers) from 60 markets, vending zones and commercial places. These vehicles to be operated by different NGO partners,… Continue reading BMC deploys light vehicles to collect waste
Traders and consumers lower their expectations for US inflation
Bond traders expect the monetary authority’s overnight rate to plateau at about 5% by mid-2023 as the central bank takes time to assess the impact of its policy changes. Bond traders and US consumers alike are getting more comfortable with the idea that inflationary pressures have peaked in the world’s top economy, allowing the Federal… Continue reading Traders and consumers lower their expectations for US inflation
SC stays NGT order to phase out public transport vehicles below BS-IV in 6 months
Registrations were carried out till that date as permitted, and therefore the 15-year period has to be counted from the date of registration. The Supreme Court has stayed an order of the National Green Tribunal (NGT) to phase out all public transport vehicles with BS-IV (Bharat Stage) engines and below in the next six months.… Continue reading SC stays NGT order to phase out public transport vehicles below BS-IV in 6 months
‘Refuel’ your e-vehicle at Rs 6 per unit across Kolkata charging stations
EV Expo is India’s largest and most comprehensive trade show dedicated to electric vehicles, accessories, batteries, and charging solutions. Bengal power minister Aroop Biswas on Friday announced a uniform electric vehicle (EV) charging tariff of Rs 6 per kilowatt-hour at public charging stations across the city at the 16th EV Expo, India, at Biswa Bangla… Continue reading ‘Refuel’ your e-vehicle at Rs 6 per unit across Kolkata charging stations
Mumbai international airport opens EV charging stations in Terminal 1 and 2
EV users will be given a deduction against the parking fees, CSMIA said in media release . New Delhi : Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) has installed six DC fast EV charging stations at Terminal 1and 2. From December 9, 2022, the fast charging stations are available for service and open as Public… Continue reading Mumbai international airport opens EV charging stations in Terminal 1 and 2
Sops for India-made EVs, storage systems on the table
India’s electric mobility ambitions could get a boost in the upcoming budget, with the government examining incentives to encourage local manufacture of electric vehicles (EVs) and energy storage systems (ESS). Customs duty exemptions available on lithium ion cells for making mobile phone battery packs could be extended to EV batteries and ESS as well. Additionally,… Continue reading Sops for India-made EVs, storage systems on the table
Taking steps to reduce dependency on Chinese goods: Piyush Goyal
The government Friday said it has taken a series of measures to reduce dependency on Chinese goods and increase the manufacturing capacity of domestic industries and their competitiveness. Replying to supplementaries on India-China trade relationship in the Rajya Sabha, commerce and industry minister Piyush Goyal said India’s trade deficit, which was $1 billion with China… Continue reading Taking steps to reduce dependency on Chinese goods: Piyush Goyal
Wholesale inflation in US further slowed in November to 7.4%
Rising prices are still straining Americans’ finances, particularly for food, rent and services such as haircuts, medical care and restaurant meals. Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool. The latest… Continue reading Wholesale inflation in US further slowed in November to 7.4%