Commodities are careering into a second half that promises as much turmoil as the first, with the world facing an escalating energy crisis, copper plunging on Fed-fuelled recession fears, and Russian President Vladimir Putin delivering a shock for Shell Plc. Russia’s move to reshuffle ownership of the Sakhalin-2 gas plant spells trouble for Shell‘s plan… Continue reading Commodities hit July storm with Putin and Powell stirring fear
Author: Economic Times of India Online News
India, EU FTA: Round 1 talks conclude, next round in September
New Delhi: India and the European Union concluded the first round of talks for the proposed free trade agreement (FTA) on Friday and the next round of talks is scheduled at Brussels in September, the commerce and industry ministry said on Saturday. The first round of talks began on June 27 and concluded on July… Continue reading India, EU FTA: Round 1 talks conclude, next round in September
330 EV charging station coming up in, around Hyderabad
Hyderabad: As part of the policies of the Centre and the State government to cut down carbon emission and encourage the use of electric vehicles, the Greater Hyderabad Municipal Corporation (GHMC) proposes to set up 230 EV-charging centres. Also, the Hyderabad Metropolitan Development Authority would be setting up another 100 stations within its limits, an… Continue reading 330 EV charging station coming up in, around Hyderabad
Is India back to managing macro-stability?
In what may be joining the dots with the earlier measures in response to the re-emergence of the twin deficit, along with high inflation, rising rates, and fast-declining forex reserves, the government of India (GoI) this week announced two more measures. First, it hiked the export duty on petrol/ATF (INR 6/ltr), diesel (INR 13/ltr) and… Continue reading Is India back to managing macro-stability?
Future of automotive industry: Electric or electrified?
Image used for representational purpose It is heartening to see the electric revolution picking up pace in India. Government policies like the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) which provide subsidies for EV production and charging infrastructure are steps in the right direction. The number of EVs on the… Continue reading Future of automotive industry: Electric or electrified?
Australia prioritises reducing emissions and cheaper EVs
Australia‘s new government is putting climate change at the top of its legislative agenda when Parliament sits next month for the first time since the May 21 election, with bills to enshrine a cut in greenhouse gas emissions and make electric cars cheaper, a minister said on Wednesday. A bill will be introduced to commit… Continue reading Australia prioritises reducing emissions and cheaper EVs
E-tractors to foldable electric bikes and more at 3-day electric vehicle expo in Bengaluru
BENGALURU: From electric tractors to foldable e-bikes, Karnataka government’s electric vehicle (EV) expo in Bengaluru kicked off to much excitement on Friday. To promote battery-run vehicles, Bescom is conducting ‘EV-Abhiyaana’ at Chamara Vajra, Palace Grounds; the expo will conclude on July 3. Electric tractors by Hyderabad-based startup Cellestial E-mobility grabbed the attention of many participants.… Continue reading E-tractors to foldable electric bikes and more at 3-day electric vehicle expo in Bengaluru
Auto Sales in June 2022: PVs, CVs in green, 2Ws remain under pressure
Representative Image New Delhi: Automobile industry has been witnessing a gradual improvement in month-on-month sales for most segments, supported by excitement of new launches, better availability of semiconductor chips, softening of commodity prices and an improved consumer sentiment in rural areas. On a year-on-year basis, the sales performance remained in green, barring the tractor segment.… Continue reading Auto Sales in June 2022: PVs, CVs in green, 2Ws remain under pressure
Indian EV makers hail industry-wide GST rate cut
Electric vehicle (EV) manufacturers on Friday hailed the GST Council‘s decision that EVs with or without battery pack will now be taxed at 5%. At present, e-vehicles are taxed at 5% while lithium-ion batteries are taxed at 18%. The decision was taken at the GST Council’s 47th meeting in Chandigarh on June 28-29, chaired by… Continue reading Indian EV makers hail industry-wide GST rate cut
Future lies in technological disruption: Amitabh Kant, CEO Niti Aayog
Amitabh Kant, CEO, Niti Aayog India should invest in human capital and R&D to technologically leapfrog and NITI must become the ambassador of technological disruption, the Aayog’s outgoing CEO Amitabh Kant told ET. Edited excerpts A lot of important work done at the Aayog over the last six years can be attributed to you. But… Continue reading Future lies in technological disruption: Amitabh Kant, CEO Niti Aayog