-The Hindu Business Line The Govt has a target of 30% EV penetration in PRIvate cars, 70% for commercial vehicles, and 80% for two and three-wheelers by 2030 for the automobile industry India’s transition to electric mobility will be faster as automobile companies are making big-ticket investments in the development of infrastructure to facilitate electric vehicle penetration in the country, according to industry experts. The Union Government has a target of 30 per...
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India’s coal production to surpass a billion tonnes by 2025: IEA annual report
-Down to Earth Russian invasion of Ukraine sharply altered the dynamics of coal trade, PRIces, supply and demand patterns India, along with China, is the world’s largest coal producer, consumer and importer. Its own coal production will surpass a billion tonnes by 2025, the annual report of the International Energy Agency (IEA), predicted December 16, 2022. Also, India’s coal consumption has doubled since 2007 at an annual growth rate of 6 per cent....
More »Exports rise marginally at 0.6% in November, trade deficit hits 7-month low
-Moneycontrol.com Exports in APRIl-November amounted to $295.26 billion, up 11.1 percent, while imports were 29.5 percent higher at $493.61 billion India's merchandise exports posted a marginal increase in November on a year-on-year basis to $31.99 billion, data released by the commerce ministry on December 15 showed. The rise in exports in November was a mere 0.6 percent. The latest trade numbers come after data released last month showed exports contracted 17 percent in October...
More »Centre cuts windfall tax on domestic crude oil by 65%
-PTI/ The Telegraph The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil PRIces, according to an official order. The levy on crude oil produced by companies such as Oil and Natural...
More »The great gamble on the Russian oil PRIce cap -Prashanth Perumal
-The Hindu The West’s attempt to cut Russia’s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run The Group of Seven (G7) countries, the European Union and Australia have imposed a PRIce cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that...
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