T-Hub and AIM will help the startups gain government connections with Indian Semiconductor Mission (ISM), Semiconductor Complex and GAETEC (Galium Arsenide Technology Centre) for quick compliance, certification, and testing to go to market seamlessly. New Delhi: India’s largest technology incubator T-Hub on Tuesday launched the semiconductor cohort of the AIC T-Hub Foundation programme to foster… Continue reading T-Hub’s new programme to boost semiconductor startups
Author: Economic Times of India Online News
Easing of inflation in July may not be a cause for celebration, says Nomura
Inflation in July may have eased from multi month highs, but that still may not be a cause for celebration as core inflation remains high at 6%. This may prompt the central bank raise repo rate as much as 35 basis points, Nomura Securities said. “Headline inflation moderates due to volatile components, but underlying inflation… Continue reading Easing of inflation in July may not be a cause for celebration, says Nomura
Inflation may remain elevated despite July dip – analysts
MUMBAI – India’s headline retail inflation that eased for the third straight month in July is expected to remain above the central bank’s upper tolerance range in the near term, necessitating more rate hikes in coming months, analysts said. “High frequency price data suggest that headline inflation is likely to remain around July levels in… Continue reading Inflation may remain elevated despite July dip – analysts
Biden to sign law on Tuesday cutting most current EV credits
FILE – President Joe Biden By David Shepardson U.S. President Joe Biden will sign legislation on Tuesday that will eliminate electric vehicle tax credits for most models currently getting up to $7,500 effective. The White House said Biden will sign legislation to approve the $430 billion climate, health and tax bill on Tuesday. The bill… Continue reading Biden to sign law on Tuesday cutting most current EV credits
Rural jobs scheme work generation down 50% in July
Image used for representative purpose New Delhi: Work generated under the National Rural Employment Guarantee scheme fell to nearly half in July from the prior month, on the back of a pick-up in agricultural and non-agricultural activities that kept labourers engaged and due to weakening of reverse migration. Prior to the steep fall in July,… Continue reading Rural jobs scheme work generation down 50% in July
Time ripe to enter electric 4-wheeler space, says Anand Mahindra as company unveils 5 electric SUVs
“Today with government support, rapid lowering of the cost of ownership and increased consumer awareness of environmental awareness issues, we believe that the time is ripe and right for us to enter the four-wheeler markets with our range of battery electric vehicles,” Mahindra said. London: With increased consumer awareness and government support in place, it… Continue reading Time ripe to enter electric 4-wheeler space, says Anand Mahindra as company unveils 5 electric SUVs
More GST rate changes likely to address inverted duty, exemptions
The Goods and Services Tax (GST) Council may go in for another round of rate changes to correct the remaining instances of inverted duty, apart from withdrawing some more exemptions. A group of ministers (GoM) headed by Karnataka chief minister Basavaraj Bommai is working on the second round, people aware of the matter told ET.… Continue reading More GST rate changes likely to address inverted duty, exemptions
Contractual employees of Punjab Roadways, PRTC go on 3-day strike
Punjab Roadways, Punbus, PRTC Contract Workers’ Union president Resham Singh Gill said around 8,000 contractual employees are participating in the strike call. Chandigarh: Contractual employees of the state-owned Punjab Roadways and Pepsu Road Transport Corporation on Sunday went on a three-day strike, demanding regularisation of their jobs and leaving many commuters stranded as over 3,000… Continue reading Contractual employees of Punjab Roadways, PRTC go on 3-day strike
PM Modi gives another push to electric vehicle adoption
PM Narendra Modi New Delhi: In another thrust to his electric vehicle (EV) dream, Prime Minister Narendra Modi on Monday said that the country needs to be ‘Aatmanirbhar’ (self-reliant) in its energy sector. Addressing the nation from the ramparts of the Red Fort on the 75th Independence Day, Modi said that from solar energy and… Continue reading PM Modi gives another push to electric vehicle adoption
Countdown 2047: Will India finally be a pleasant, healthy and safe climatic territory to live in?
Policy and politics must keep pace. India is among the most polluted countries in the world. Nearly 60% of its energ y demand is met through coal and fossil fuel, groundwater levels are depleting and the need to fulfil the aspirations of a billion people often requires making way for roads, housing and industry, even… Continue reading Countdown 2047: Will India finally be a pleasant, healthy and safe climatic territory to live in?