New Delhi: India will still grow at 6-7 per cent in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession. Kumar further said there is a synchronized downturn in the US,… Continue reading No prospect of recession in India, economy to grow 6-7 pc in next fiscal: Rajiv Kumar
Author: Economic Times of India Online News
PM GatiShakti: Over 250 infra projects examined by NPG since Oct 2021
Over 1,500 layers of data including land, ports, forest, and highways are available on the portal. Over 250 critical infrastructure projects of different ministries including rail, road and ports have been examined and recommended by the Network Planning Group (NPG), constituted under the PM GatiShakti initiative, since last October, a commerce and industry ministry official… Continue reading PM GatiShakti: Over 250 infra projects examined by NPG since Oct 2021
COP27 ends with historic decision on damage fund, little progress on other issues
While the UN climate summit in Egypt concluded with a landmark decision to establish a fund to address loss and damage, the outcome on other crucial issues like phaseout of all fossil fuels reflected little progress when compared to the deal struck a year ago in Scotland. The hope at COP27 was to include a… Continue reading COP27 ends with historic decision on damage fund, little progress on other issues
FPIs invest Rs 30,385 cr in Indian equities in Nov so far
New Delhi: Foreign investors have been aggressively buying Indian equities in November, investing Rs 30,385 crore this month so far, on stabilisation in rupee and resilience of the domestic economy compared to global counterparts. However, going forward, buying by Foreign Portfolio Investors (FPIs) is unlikely to turn very aggressive as high valuations in India are… Continue reading FPIs invest Rs 30,385 cr in Indian equities in Nov so far
World Economic Forum looking at solutions from India to help accelerate decarbonisation
The World Economic Forum (WEF) is looking at solutions from India to help accelerate decarbonisation worldwide as the focus is to try and bring the best practices from wherever they are to everyone else, according to a senior executive. “What India has done with the acceleration of renewables, deployment of new renewables is quite outstanding.… Continue reading World Economic Forum looking at solutions from India to help accelerate decarbonisation
Germany plans to tighten rules for firms highly dependent on China
BERLIN – Germany’s foreign ministry plans to tighten the rules for companies deeply exposed to China, making them disclose more information and possibly conduct stress tests for geopolitical risks, a confidential draft document seen by Reuters said. The proposed measures are part of a new business strategy towards China being drawn up by Chancellor Olaf… Continue reading Germany plans to tighten rules for firms highly dependent on China
Jio-bp dealers seek changes to Co’s policies, form association
Jio-bp fuel retailers in the west and the south have formed associations. Dealers of Jio-bp have formed associations to voice their protest against policies of the fuel marketing joint venture between Reliance Industries and British oil and gas major BP Plc that they claimed are plunging their fuel retailing business into losses. Reliance Industries (RIL)… Continue reading Jio-bp dealers seek changes to Co’s policies, form association
Japanese electric motor maker Nidec to build $715 mln Mexican plant
The Kyoto-based company already produces “e-axle” in China and Europe. Japanese electric motor maker Nidec Corp is planning to invest about $715 million to build a plant in Mexico to make electric car motors, its chief executive said in an interview with the Nikkei newspaper published on Friday. Construction is expected to begin during or… Continue reading Japanese electric motor maker Nidec to build $715 mln Mexican plant
Housing societies will need norms for EV charging, says Bombay HC, set to hear matter further
The petition contents that the charging time for electric vehicles is between 3 hours to 30 hours. A public interest litigation (PIL) filed in the Bombay High Court has sought a court directive to the Registrar of Cooperative Housing Societies to issue guidelines for the installation of electronic vehicle (EV) charging stations within co-operative housing… Continue reading Housing societies will need norms for EV charging, says Bombay HC, set to hear matter further
Tata Power to offer clean & green energy products & solutions in Odisha
Tata Power will offer clean and green energy products and solutions to the people of Odisha, a top official of the power utility said. CEO & MD, Tata Power, Praveer Sinha said this while attending the India Smart Grid Forum (ISGF) organized Distribution Utility Meet here on Thursday. “Odisha is the best model of Public-Private… Continue reading Tata Power to offer clean & green energy products & solutions in Odisha