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‘Purchase-price subsidies, tax relief can fuel electric mobility growth’
A strong regulatory ecosystem including purchase-price subsidies and tax exemptions can fuel electric mobility growth in the country, a senior official of Italian luxury car maker Maserati said.
Such a regulatory ecosystem of any country…
‘Economic crimes: Speedy closure a great deterrent’
Finance Minister Nirmala Sitharaman on Saturday urged officials of intelligence wings to ensure a logical and speedy conclusion to every case which would act as a deterrence for perpetrators of economic crimes such as smuggling.
“Logical…
Ramesh Narayan inducted into AFAA Hall of Fame
Ramesh Narayan has been inducted into the AFAA Hall of Fame for the year 2021, at the inaugural AdAsia conference being held in Macau.
“Ramesh Narayan is a legend who has the ability to look past what’s good enough and focus on making…
Promoting Electric Vehicles foremost priority of Telangana govt : Minister
Hyderabad, Dec 4 (UNI) Telangana Transport Minister Puvvada Ajay Kumar has said that promoting Electric Vehicles (EVs) is the foremost priority of the state government.
Speaking at the high-level ministerial round-table conference…
RBI’s new norms likely to increase NBFCs bad loans by one-third: Study
MUMBAI: The recent clarification by the Reserve Bank of India on non-performing advances (NPA) may increase non-banking financial companies' (NBFC) bad loans by one-third, says a report. Last month, the RBI had provided clarification on…
Millennials leading charge in buying pre-owned vehicles in India: Report
NEW DELHI: Millennials are leading the charge when it comes to buying pre-owned vehicles in the country, according to research report by online used car marketplace CARS24. The company has collaborated with leading research firm IPSOS to…
CM Pema Khandu dedicates Sumbachu Hydro to people of Arunachal
Itanagar, Dec 2 (UNI) Arunachal Pradesh Chief Minister Pema Khandu on Thursday dedicated to the people of the state the Sumbachu Small Hydropower Project (SHP) at Zemithang village in Tawang district.
The 2x1.5 MW Power Station, located…
In China, Tesla is a catfish and turns auto companies into sharks
Forty-two years ago, Liu Siong Song built machines to help factories make cheap toys and watches. Then he made them for motorcycle companies.
Now he helps Tesla, in the words of Elon Musk, “make full-size cars in the same way that toy…
RBI for more functional autonomy to civic bodies
The Reserve Bank of India (RBI) has batted for more functional autonomy to civic bodies as the Covid pandemic has put severe strain on the third tier of the government.
“With the third-tier governments in India playing a frontline role…
‘Electronic cos commit to $300 bn revenue’
The domestic electronics manufacturing industry has committed to generating a revenue of $300 billion by 2025-26, Minister for Electronics and Information Technology Ashiwini Vaishnaw said on Wednesday.
“When we were reviewing what…
Investors snap up metaverse real estate in a virtual land boom
Justin Bieber performed at a live concert in November, but the show wasn’t in a stadium or arena. Like recent performances from Ariana Grande, the Weeknd and Travis Scott, this concert was held in the metaverse, the online world that…
Income Tax Department detects Rs 500-crore black income after raids on Jaipur jewellery, gems group
The Income Tax Department has detected undisclosed income of more than Rs 500 crore after it recently raided a Jaipur-based group engaged in manufacturing and export of jewellery and coloured gem stones, the CBDT said on Wednesday.…
Microsoft CEO Satya Nadella sells half his shares in company
Washington, Nov 30 (UNI/Sputnik) Microsoft CEO Satya Nadella sold half of his shares in the company presumably due to an upcoming Washington state law imposing a 7 per cent tax on long-term capital gains over $250,000 that is due to take…
Panel for assisting RCap administrator
The Reserve Bank of India has constituted a three-member advisory committee to assist the Administrator of Reliance Capital Ltd which came under the insolvency process on Monday. The members of the Advisory Committee include Sanjeev…
Centre committed to compensate states for 5 yrs for revenue loss due to GST roll out: Nirmala…
The Centre is committed to compensate states for five years for the revenue loss due to GST implementation as provided in the statute, Finance Minister Nirmala Sitharaman said on Tuesday.
The GST Constitutional Amendment Act provides for…
Riding consumption and farm uptick, economy grows at 8.4% in second quarter
The Indian economy clocked a healthy growth rate of 8.4 per cent in July-September, the second quarter of financial year 2021-22, primarily on the back of a low base but aided by increased vaccination and an uptick in agriculture, public…
Rural wages: Kerala tops list, 15 states lag national average
Rural workers in Kerala earn way more than their counterparts in more developed states like Gujarat and Maharashtra and over double the national average.
A rural worker (men in the non-agricultural segment) in Kerala earned an average of…
Panel clears Rs 210-crore bid by Nandal Finance for Central Electronics
A ministers’ panel on disinvestment on Monday cleared a winning bid of Rs 210 crore for selling 100 per cent government equity in Central Electronics Ltd (CEL) to Nandal Finance and Leasing Pvt Ltd. The Alternative Mechanism — comprising…
Supreme Court gives two more weeks to CCI to decide Future-Amazon case
The Supreme Court on Monday extended by two weeks the deadline for Competition Commission of India (CCI) to decide on the Confederation of All India Traders’ (CAIT) plea seeking revocation of approval granted to the Amazon-Future Group deal…
2020 lockdown: Most job losses in blue-collar sectors; finserv, IT stem fall
About 7.5 per cent job losses were seen during the lockdown for Covid pandemic last year, with the manufacturing, construction, education and trade sectors bearing the brunt more than white-collared employment in IT/BPOs, financial services…
