INR The Centre’s reversal on windfall taxes within 18 days of announcing the moves led a Japanese brokerage to flag its impact on fiscal math. Nomura said the reversal makes it maintain the earlier projection for a 0.4% fiscal slippage over the budgetary target of 6.4% for FY23. The Centre on Wednesday scrapped a three-week-old… Continue reading Expect fiscal slippage of 0.4% in FY23: Nomura
Author: Economic Times of India Online News
Inflation, GST on more items take toll on Parliament proceedings
New Delhi: Parliament failed to conduct any worthwhile business on Wednesday, the third consecutive day in this monsoon session, amid noisy protests from opposition members demanding a discussion on “spiralling” inflation and the imposition of the Goods and Services Tax on more items. In the Lok Sabha, high pitch sloganeering from the opposition members foiled… Continue reading Inflation, GST on more items take toll on Parliament proceedings
Slide may hit anti-inflation moves, put pressure on current a/c deficit
NEW DELHI: The rupee’s slide may have some implication for inflation management. But overall, the macroeconomic fundamentals of the economy remain robust to deal with short-term shocks. For now, the most crucial impact would be on inflation as the country imports nearly 80% of its crude oil needs. This would mean that imports would become… Continue reading Slide may hit anti-inflation moves, put pressure on current a/c deficit
Six Pvt. cos. establish ‘Research Association’ for biomass-based auto fuels
Representative Image New Delhi: ENEOS Corporation (ENEOS), Suzuki Motor Corporation (Suzuki), Subaru Corporation (Subaru), Daihatsu Motor Co. Ltd. (Daihatsu), Toyota Motor Corporation (Toyota), and Toyota Tsusho Corporation (Toyota Tsusho) today announced the establishment of the Research Association of Biomass Innovation for Next Generation Automobile Fuels (Research Association) on July 1, 2022, to study ways to… Continue reading Six Pvt. cos. establish ‘Research Association’ for biomass-based auto fuels
Rupee depreciation lower than other major currencies: CEA V Anantha Nageswaran
Attributing the slide in rupee and other currencies against the US dollar to the aggressive monetary tightening by the US Federal Reserve, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday that the depreciation of the Indian currency has been lower than other major global currencies such as the Euro, the British pound and… Continue reading Rupee depreciation lower than other major currencies: CEA V Anantha Nageswaran
Automakers targeting average households with new crop of EVs
WARREN: In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars. Then came EVs for luxury buyers and drivers of pickups and delivery vans. Now, the companies are zeroing in at the heart of the US auto market: The compact SUV. In their drive to have EVs dominate vehicle… Continue reading Automakers targeting average households with new crop of EVs
Delhi to get massive boost in EV charging network this year: Details explained
Charge Point Operators of India (CPOS) has approved Joulepoints’ proposal for setting up 5,000 EV chargers across Delhi by the end of this year as a part of a pilot project. Joulepoint will be working with Alektrify to install these charging points at 2,000 allotted locations for piloting under Ease of Doing Business (EoDB). The… Continue reading Delhi to get massive boost in EV charging network this year: Details explained
Caution & strict testing key to avert EV blazes: Experts
Pune: E-mobility experts advised caution and stricter testing of electric vehicle (EV) batteries on Tuesday, a day after seven e-bikes were gutted in a fire triggered by suspected battery overheating at a showroom on Kondhwa-Bibvewadi Road on Monday evening. Thermal runaway situations, which involve short-circuiting of battery cells leading to an uncontrollable generation of heat,… Continue reading Caution & strict testing key to avert EV blazes: Experts
Auto sector to create at least 1 cr jobs for youth in 5-6 years: Chandrasekhar
Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar The automobile sector in India will create at least one crore jobs for youth over the next 5-6 years, Minister of State for Skills and Development Rajeev Chandrasekhar said on Tuesday. While speaking at a memorandum of understanding signing between Toyota Kirloskar Motor and Automotive… Continue reading Auto sector to create at least 1 cr jobs for youth in 5-6 years: Chandrasekhar
Audio Interview: Navigating a Confluence of Global Challenges – Mobility in the Eye of the Storm
Ryan Robinson is the research leader supporting the global Automotive sector for Deloitte’s Consumer Industry Center at Deloitte LLP. His primary focus is creating engaging, actionable insights to deepen the conversation around key trends and issues occurring across the global automotive sector landscape. [embedded content] Follow and connect with us on Twitter, Facebook, Linkedin, Youtube… Continue reading Audio Interview: Navigating a Confluence of Global Challenges – Mobility in the Eye of the Storm