The Union government on Wednesday informed Rajya Sabha it will soon introduce a new technology that will deduct tolls directly from the bank accounts, thereby ensuring the removal of toll plazas on roads and hassle-free travel. Responding during Question Hour, Union Transport Minister Nitin Gadkari said the government will introduce a new technology to collect… Continue reading Toll plazas will be removed, tax to be deducted automatically from bank accounts: Union minister Nitin Gadkari
Author: Economic Times of India Online News
Labour laws upgrade, simplification of taxes, stable tariffs key to India’s trade: Report
The report examines how India can better integrate into GVCs based on findings from a survey of 200 domestic and foreign companies in India across aerospace and defence; automotive and auto-components; capital goods; electronic systems design and manufacturing (ESDM); new and renewable energy; and pharmaceuticals and medical devices. New Delhi: Upgrading labour laws, simplifying taxation… Continue reading Labour laws upgrade, simplification of taxes, stable tariffs key to India’s trade: Report
Chandigarh: Administration rejects 1 of 4 bids for 44 electric vehicle charging stations
CHANDIGARH: The department of science and technology of the UT administration has received four bids to install 44 electric vehicle (EV) charging stations in the first phase. One of the bids has been rejected during technical evaluation. The department will open the bids and allot the work to the suitable company out of the three.… Continue reading Chandigarh: Administration rejects 1 of 4 bids for 44 electric vehicle charging stations
Delhi Development Authority okays lower licence fees on EV charging stations
NEW DELHI: In a move aimed at promoting ‘green fuel’, Delhi Development Authority (DDA) on Wednesday granted approval to set up electric vehicle (EV) charging stations on already allotted sites for petrol and diesel, and CNG fuel stations and levy a lower licence fee. During the authority’s meeting chaired by lieutenant governor VK Saxena, the… Continue reading Delhi Development Authority okays lower licence fees on EV charging stations
Asia’s central banks deploy forex reserves in fighting currency bears
Asia’s emerging economies are drawing on large foreign exchange reserves to help prop up their currencies rather than going all-out with interest-rate hikes. India, Thailand and Korea have seen their reserves drop by a combined $115 billion this year as they sold dollars to curb currency declines. While most central banks in Asia are also… Continue reading Asia’s central banks deploy forex reserves in fighting currency bears
July retail sales fall 8%; cautiously optimistic entering the festive season: FADA
Representative Image New Delhi: Even though the passenger vehicle registrations saw a year-on-year decline of 5% at 2,50,972 units in July 2022, the segment is witnessing a recovery as retail sales are already higher than 2019, says the data shared by Federation of Automobile Dealers Associations (FADA) on Thursday. Retail sales of two wheelers also… Continue reading July retail sales fall 8%; cautiously optimistic entering the festive season: FADA
India rates to return to pre-pandemic levels: Decision guide
Reserve Bank of India NEW DELHI: India’s central-bank watchers agree that interest rates will be raised to pre-pandemic levels on Friday, yet they are split on the size of the increase aimed at fighting inflation and propping up a weak currency. Fifteen of 35 economists surveyed by Bloomberg as of Thursday morning see the Reserve… Continue reading India rates to return to pre-pandemic levels: Decision guide
DDA nod to proposal on EV charging at petrol pumps, CNG stations at lesser licence fee
The Delhi Development Authority on Wednesday approved a proposal on the installation of electric vehicle (EV) charging facility at petrol or diesel pumps and CNG stations at a lesser licence fee to curb air pollution in the city, officials said. The decision was taken during a meeting of the urban body chaired by Lt Governor… Continue reading DDA nod to proposal on EV charging at petrol pumps, CNG stations at lesser licence fee
Climate change: Cabinet approves India’s updated nationally determined contribution
The Union Cabinet on Wednesday approved India‘s updated Nationally Determined Contribution (NDC) under the Paris Agreement, incorporating Prime Minister Narendra Modi’s ‘Panchamrit’ strategy announced at the Glasgow conference into enhanced climate targets. According to the updated NDC, India now stands committed to reducing emissions intensity of its GDP by 45 per cent by 2030, from… Continue reading Climate change: Cabinet approves India’s updated nationally determined contribution
India’s FDI to GDP ratio eased to 2.7% in fiscal 2022
India’s foreign direct investment to gross domestic product ratio eased to 2.7% in fiscal year ending March. 31, 2022 from 3.1% in the previous financial year, according to government data. The FDI to GDP ratio, which is a metric that compares a country’s fund inflows as compared to its gross domestic product, was at 2.3%… Continue reading India’s FDI to GDP ratio eased to 2.7% in fiscal 2022