Minister Gopal Rai in a review meeting on Friday said 400 awareness workshops and 600 entrepreneurship training programmes on urban farming will be organised across Delhi. (file photo) New Delhi: The Delhi government will look into the “practical problems” that can arise out of the proposed ban on BS-IV diesel vehicles if air pollution rises… Continue reading Will look into problems that can arise out of ban on BS IV vehicles: Gopal Rai
Author: Economic Times of India Online News
Rupee fall fuels inflation, but makes exports competitive: Experts
Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more competitive, according to experts. The Indian rupee has been depreciating against the USD dollar and is nearing the psychologically key mark of 80, making imports expensive. “The depreciation of the rupee has… Continue reading Rupee fall fuels inflation, but makes exports competitive: Experts
Alternative mobility services witness rising demand
NEW DELHI: Mobility is being reimagined with Indians hesitating to own their personal vehicles thanks to bumper-to-bumper traffic, poor road conditions, parking challenges and surging fuel costs. These have led to several companies bolstering their offerings in the alternative mobility space. With over 25 million customers, Rapido, for instance, is pushing its bike taxi platforms.… Continue reading Alternative mobility services witness rising demand
Emergence of new COVID variants a risk to global economic outlook: Moody’s
Representative Image Though the overall virus-related concerns have eased with COVID infections becoming less deadly, a spike in new infections across G-20 economies is, however, a reminder that the emergence of newer and more dangerous variants remains a risk to the global economic outlook, said global research and rating agency Moody‘s in a report ‘Economic… Continue reading Emergence of new COVID variants a risk to global economic outlook: Moody’s
FPIs remain in selling mode; take out Rs 7,400 cr from equities in July so far
Foreign investors continue to be cautious about the Indian equity market and have pulled out over Rs 7,400 crore this month so far amid sustained strengthening of the dollar and increasing concerns over a recession in the US. This comes following a net withdrawal of Rs 50,203 crore from equities in June. While foreign portfolio… Continue reading FPIs remain in selling mode; take out Rs 7,400 cr from equities in July so far
P Chidambaram blames handling of economy for falling rupee
P Chidambaram Former finance minister P Chidambaram has launched a scathing attack on the central government, blaming its handling of a host of issues including falling rupee, employment generation and LPG price rise. In an email interview with PTI, he said the currency’s decline was “inevitable” due to India’s current account deficit as well as… Continue reading P Chidambaram blames handling of economy for falling rupee
Depreciating rupee a mixed bag for industry, software companies set to gain
Falling value of the rupee against the US dollar is turning out to be a mixed bag for the industry with some sectors bearing the brunt while others, especially software exporters, are hoping for continued gains. The rupee, which has been depreciating against the greenback, is near the psychological barrier of 80 to a dollar… Continue reading Depreciating rupee a mixed bag for industry, software companies set to gain
How uniformity in tax law made a common national market
One of the major positives of the GST roll-out is the consolidation of over a dozen indirect taxes into a single tax. Also, unlike the earlier VAT regime, where tax rates on commodities differed from state to state, the rate of GST has been uniform across the country. Consequently, tax arbitrage that existed under the… Continue reading How uniformity in tax law made a common national market
Here’s why all states need to be on same page on electric vehicle policy: Explains CAQM report
The e-vehicles policy of Delhi, notified in 2020, targets a 25% electrification of all new vehicle registrations by 2024. “This policy also aims to register a minimum of 50% of all new stage carriage buses as e-buses, including both city fleet and fleet for last mile connectivity. All delivery service providers shall convert 50% of… Continue reading Here’s why all states need to be on same page on electric vehicle policy: Explains CAQM report
India must focus on sector wise targets to manage climate change impact: Paper
Discussions also raised the need to adopt adaptation techniques to deal with the resulting impacts of climate change, in addition to focusing on mitigation. India needs to focus on sectorally-detailed targets for the next ten years and more to manage climate change impact, suggested a paper. “With the introduction of a Carbon Border Adjustment Mechanism… Continue reading India must focus on sector wise targets to manage climate change impact: Paper