It is billed to be largest manufacturing investment of the country and the AM/NS integrated steel mill will be country’s largest. BHUBANESWAR: A high-level committee chaired by chief minister Naveen Patnaik on Friday cleared Arcelor Mittal Nippon Steel’s (AM/NS) proposal to set up a 24 Million Tonnes Per Annum (MTPA) integrated steel plant at Mahakalpada… Continue reading Odisha government clears Rs 1.02 lakh crore AM/NS steel project
Author: Economic Times of India Online News
After voter slap, Switzerland tries again with plan to slash emissions
The government proposed maintaining its tax on fossil fuels such as oil and gas of 120 Swiss francs ($130) per tonne of carbon dioxide, while providing companies with an out if they commit to reducing emissions to zero eventually. ZURICH: Switzerland laid out new proposals on Friday for a law to halve its greenhouse gas… Continue reading After voter slap, Switzerland tries again with plan to slash emissions
Economic viability of infra projects high in India: Gadkari
Gadkari assured investors that with all clearances in place, there is minimal chance of any infrastructure project getting stalled in the country. Mumbai: Union Minister Nitin Gadkari on Friday assured investors that the internal rate of return (IRR) of infrastructure projects in the country is very high and they should not worry about their investments… Continue reading Economic viability of infra projects high in India: Gadkari
Goa: Kadamba transport corporation to install more charging stations for buses next month
KTCL is operating 35 EVs currently in Goa. PANAJI: With electric vehicles running successfully in Goa under Kadamba transport corporation limited (KTCL) and more buses lined up to join the fleet, five more vehicle charging stations are expected to be ready by next month in the state. Currently there are charging stations at Panaji, Vasco,… Continue reading Goa: Kadamba transport corporation to install more charging stations for buses next month
Japanese company NYK contributing to cleaner environment
“Carbon dioxide emissions will get reduced from 100 per cent to 60 or 50 per cent,” Tokyo: Global transportation business company NYK group has come up with “Sail Green project“. It is defined by the midterm management plan of the company and has been declared an Environmental, Social and Governance model project. The car carrying… Continue reading Japanese company NYK contributing to cleaner environment
Supply shortages and emboldened workers: A changed economy
Companies grappled with shortages of everything they needed, notably workers. Employees at a fast-food restaurant in Sacramento, California, exasperated over working in stifling heat for low wages, demanded more pay and a new air conditioner — and got both. Orders poured in to an Italian auto supplier, which struggled to get hold of enough supplies… Continue reading Supply shortages and emboldened workers: A changed economy
Gurugram: 60-year-old dies as e-bike battery on charge explodes, causes fire
The battery of an electric two-wheeler exploded during charging on Thursday night GURUGRAM: A 60-year-old man died and four of his family members sustained burn injuries in a fire that broke out in their room in Sector 45 after the battery of an electric two-wheeler exploded during charging on Thursday night. Though it’s not clear… Continue reading Gurugram: 60-year-old dies as e-bike battery on charge explodes, causes fire
Consumer sentiment still below pre-Covid levels: CMIE
The consumer sentiment index in November is far below the pre-pandemic levels though better than November last year, suggesting the economic recovery is excruciatingly slow and uninspiring, the Centre for Monitoring Indian Economy said. According to CMIE, the index of consumer sentiments in November 2021 was substantially lower at 43% compared to pre-pandemic month of… Continue reading Consumer sentiment still below pre-Covid levels: CMIE
India to become fastest growing economy in 2021-22: Amit Shah
Highlighting the potential of the MSME sector, Shah said that till the time “we encourage and strengthen this sector we cannot address the issue of unemployment in the county”. New Delhi: Union Minister of Home Affairs and Cooperation Amit Shah said on Friday that India is likely to become the fastest growing economy in the… Continue reading India to become fastest growing economy in 2021-22: Amit Shah
Inflation a worry for most economies, but not Japan
Wholesale inflation hit its highest level in 40 years in October, at 8%. Manufacturers and farmers are feeling the squeeze of rising costs, especially for fuel. Tokyo: Surging prices are haunting consumers and confounding economic planners in the US and other countries, but not in Japan, where sparking inflation has proven an elusive goal. While… Continue reading Inflation a worry for most economies, but not Japan