Niti Aayog on Monday urged the government to formulate a National Electric Vehicle (EV) policy with clear targets and timelines to accelerate India’s shift to clean mobility, as part of its latest report titled “Unlocking a USD 200 Billion Opportunity: Electric Vehicles in India.“The report, released by Niti Aayog member Rajiv Gauba, called for a…
The rate-setting Monetary Policy Committee (MPC) of the Reserve Bank of India, chaired by Governor Sanjay Malhotra, began its three-day meeting on Monday to decide the upcoming bi-monthly monetary policy. The outcome will be announced on Wednesday (August 6), amid expectations of a pause in the rate-easing cycle and rising uncertainty over the impact of…
India has emerged as the world’s fifth largest aviation market, handling 241 million passengers in 2024, while the Mumbai–Delhi route ranked 7th among the world’s busiest airport pairs, according to the World Air Transport Statistics (WATS) released by the International Air Transport Association (IATA).India’s passenger numbers grew 11.1% over 2023, when it handled 211 million…
NEW DELHI: A joint platform of the Samyukt Kisan Morcha (SKM) and ten central trade unions on Monday announced a nationwide protest on August 13 against the proposed 25 percent US tariff and the recently signed India-UK Comprehensive Economic and Trade Agreement (CETA).In a joint statement, the CTUs-SKM criticised US President Donald Trump’s tariff threat…
Prime Minister Narendra Modi will inaugurate a new residential complex in August on Baba Kharak Singh Marg, featuring 184 large and spacious flats for Members of Parliament, partially addressing the requirement for accommodation in Lutyens’ Delhi, according to a TOI report by Dipak Dash. Over the past few years, the government has constructed supplementary housing…
Indian property buyers in Dubai are facing regulatory challenges after using international credit cards (ICCs) for property purchases. They opted for this payment method through builder-shared links or during UAE visits, making down payments and instalment payments.The process appeared straightforward, avoiding bank paperwork and potentially circumventing the 20% tax-collected-at-source (TCS). However, they allegedly misused ICCs,…
India is rapidly emerging as a major force in the global semiconductor landscape, with its domestic market aimed to grow from $38 billion in 2023 to between $100 and $110 billion by 2030. This projection comes as the global semiconductor industry is set to touch the $1 trillion mark by the end of the decade,…
Workers near one of the three metro rail cars received by the Bengaluru Metro Rail Corporation Limited (BMRCL) for the Yellow Line as construction was going on. (BMRCL via PTI – file photo) Prime Minister Narendra Modi is set to inaugurate the long-awaited Yellow Line of Bengaluru Metro on August 10, a move seen as…
VinFast in Chennai with its biggest showroom in India (Credit: VinFast Fb account) VinFast Auto India, a Vietnamese electric vehicle company, opened its largest retail outlet in Chennai, marking its second showroom in the country, as announced by a company representative, quoted by news agency PTI.The 4,700 sq ft showroom, situated in Teynampet, represents the…
In a critical juncture for US-China trade relations, officials from both nations are working to resolve their differences and potentially reach a trade agreement that could prevent the imposition of severe tariffs. However, a significant sticking point reportedly remains- the US demand for China to cease purchasing oil from Iran and Russia. China’s Foreign Ministry…