According to the NHAI, since it has successfully transitioned to 100 per cent cashless tolling from mid of February 2021, the overall FASTag penetration in NHAI toll plazas has reached 96 per cent and many of them have 99 per cent penetration. The NHAI on Wednesday said it has issued guidelines to ensure not more… Continue reading NHAI issues guidelines for toll plazas to reduce waiting time
Author: Economic Times of India Online News
Inflation back to haunt on higher input prices, rural economy disruptions: Crisil
On top of the commodity prices, supply disruptions brought on by the intensification of the second COVID-19 wave in rural India are resulting in inflationary pressures, it said, adding that “upside inflation risks are clearly growing”. Mumbai: Higher input prices and disruptions to the rural economy have resulted in price pressures and inflation is back… Continue reading Inflation back to haunt on higher input prices, rural economy disruptions: Crisil
India may emerge second-fastest growing economy after China in Q4
Domestic rating agency Icra on Monday forecast a 2 percent uptick in growth during the March FY21 quarter, and 3 percent from the gross value-added perspective. India may become the second-fastest economy by GDP growth after China when the fourth-quarter growth numbers are announced next week. Domestic rating agency Icra on Monday forecast a 2… Continue reading India may emerge second-fastest growing economy after China in Q4
Electric 2-wheelers to account for 8-10% of new sales by 2025; 3-wheelers to contribute 30%: ICRA
According to the ratings agency, the global automobile industry is witnessing major technological transitions, with a shift from conventional powertrains to the electric powertrain. The electric two and three-wheelers volume are expected to account for 8-10 percent and 30 percent of new vehicle sales in the country by 2025, respectively, owing to low operating cost… Continue reading Electric 2-wheelers to account for 8-10% of new sales by 2025; 3-wheelers to contribute 30%: ICRA
Visaka Industries forays into EV segment
The company said it will be leveraging its ATUM solar roof product at its EV charging stations. HYDERABAD: Visaka Industries Limited on Tuesday announced its foray into new electric vehicle (EV) business segment. The company said it plans to set up 10 self-sustaining, solar powered EV charging stations, called ATUMCharge, in the first phase across… Continue reading Visaka Industries forays into EV segment
Key events in arrest, flight of ex-Nissan boss Carlos Ghosn
In this Sept. 2, 2004, file photo, Nissan Motor Co. Chief Executive Carlos Ghosn gives a speech during a press unveiling of Japan’s No. 2 automaker’s Murano crossover sport utility vehicle into the Japanese market in Yokohama, west of Tokyo. In an interview with The Associated Press, the embattled former chairman of the Renault-Nissan-Mitsubishi alliance… Continue reading Key events in arrest, flight of ex-Nissan boss Carlos Ghosn
Seven in 10 young employees believe employers should offer four-day work week: Survey
Although a five-day week is still a popular working pattern, these young workers in India believe that employers should offer the opportunity to work a four-day week (76%) to promote employee well-being post-pandemic. Younger workers in India are most focused on career stability and security (94%), opportunities for additional qualifications, training, or re-skilling (93%), and… Continue reading Seven in 10 young employees believe employers should offer four-day work week: Survey
Exports hit $51 billion in first 7 weeks of current fiscal
The initial weeks of the last financial year were washed out due to a strict country-wide lockdown in India, which coincided with a similar situation across large parts of the world. India’s exporters are not complaining about the order book, despite some hiccups in recent weeks due to lockdowns across states. According to the latest… Continue reading Exports hit $51 billion in first 7 weeks of current fiscal
India plans stimulus package for sectors worst affected by second wave
India is preparing a stimulus package for sectors worst affected by a deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, people familiar with the matter said. The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies, the… Continue reading India plans stimulus package for sectors worst affected by second wave
In Paradise and beyond, wage hikes lag global recovery
That perception is in turn reflected in weak or even negative wage pressures: Wages rose a meagre 0.2% in March year-on-year after falls of 0.4% in 2019 and 1.2% in 2020. Faced with shortages of hospitality staff, Australia’s Queensland state wants to lure chefs, bartenders and tour guides to its sun-kissed beaches with a “Work… Continue reading In Paradise and beyond, wage hikes lag global recovery