The index of consumer sentiments recovered marginally in June after three consecutive months of fall but the uneven and slow recovery can delay the recovery in final consumption expenditure, the Centre for Monitoring Indian Economy said. As per the CMIE, the 30-day moving average ICS as of June 26 was 1.3% higher than its level… Continue reading After three consecutive months of fall, consumer sentiments recover slightly in June
Author: Economic Times of India Online News
Dassault Systemes, Skill-Lync to upskill 10K Indian engineering students
Dassault Systemes on Thursday announced partnership with Skill-Lync to upskill over 10,000 engineering students and professionals in India, annually for co-branded talent transformation programmes. The collaboration aims to embed industry leading practices into the engineering curriculums by providing students with project-based learning modules, frugal engineering practices, as well as training and certifications in the latest… Continue reading Dassault Systemes, Skill-Lync to upskill 10K Indian engineering students
5 years of GST: A mix of success and work in progress
With the introduction of GST, the country adopted a pan India technology platform, which could aid the adoption of sophisticated automation tools and simplify GST reporting and related compliances. ‘One nation, One market, One tax’ – the driving motto behind the introduction of GST, with effect from 01 July 2017, has brought 1.3mn taxpayers into… Continue reading 5 years of GST: A mix of success and work in progress
Rate tweaks to make up for inefficiencies in value chain; states conscious of inflation impact: FM Sitharaman
Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Wednesday said any increase in GST rates under the rate rationalisation exercise is intended to make up for the ‘inefficiencies’ in the value chain. Stating that all states are aware of the potential impact of rate rationalisation on inflation, Sitharaman said any increase in tax rates will also… Continue reading Rate tweaks to make up for inefficiencies in value chain; states conscious of inflation impact: FM Sitharaman
South African experience of Mahindra vehicle production serves as model for other operations: Company official
The success of automotive giant Mahindra’s South African subsidiary in producing localised vehicles with customer input is serving as a model for adaptation at its plants across the globe, according to a senior company official. “South Africa has the opportunity to explore the most through understanding customer insights. South Africa has contributed immensely to the… Continue reading South African experience of Mahindra vehicle production serves as model for other operations: Company official
Audio Interview: Differences Among Top Automotive Manufacturing Regions in Mexico – How do Suppliers Select Best Locations?
Gary Swedback, CEO of NAI Mexico and NAI PanAmericas Gary Swedback is CEO of NAI Mexico and NAI PanAmericas, part of the NAI Global network, a leading industrial and commercial real estate advisory firm. NAIMexico operates 25 offices across Mexico and Latin America, and works with many global customers, including those in the auto industry.… Continue reading Audio Interview: Differences Among Top Automotive Manufacturing Regions in Mexico – How do Suppliers Select Best Locations?
India needs to form Green Hydrogen Corridors: NITI Aayog
New Delhi: India needs to form Green Hydrogen Corridors and governments can look at providing grants to startups as well as support entrepreneurs to promote green hydrogen, NITI Aayog said on Wednesday. In a report titled ‘Harnessing Green Hydrogen – Opportunities for Deep Decarbonisation in India’, the Aayog also suggested that there is a need… Continue reading India needs to form Green Hydrogen Corridors: NITI Aayog
June auto sales preview: Chip supplies improve, PV wholesales likely to benefit
Due to the improvement in semiconductor chip supply, passenger vehicles (PVs) sales may have benefitted in the month of June in what could turn out to be the best ever June for wholesales, analysts say. Demand trends for PVs have remained resilient despite the price increase undertaken due to pent-up demand. However, the waiting period… Continue reading June auto sales preview: Chip supplies improve, PV wholesales likely to benefit
Australia prioritizes 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 prioritizes reducing emissions and cheaper EVs
Bulging warehouses, 28,000 idle containers herald new supply woe
Public attention has waned two years into the crisis that disrupted global supply chains, giving the impression that everything is back to normal. On the ground, the US’s busiest port complex is still battling bottlenecks across the board. Responsible for 42% of all containerized trade with Asia, the US’s largest hubs of Los Angeles and… Continue reading Bulging warehouses, 28,000 idle containers herald new supply woe