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IFSCA chief Rajaraman to address 3rd edition of IIA annual event on Nov 20 in Mumbai
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Gujarat govt announces policy to promote electric vehicles
The state government will provide a subsidy up to Rs 20,000 on the purchase of an electric two-wheeler, Rs 50,000 for three-wheeler and Rs 1,50,000 on the purchase of a four-wheeler, he said.
As per a rough estimate, the new policy will help in saving fuel worth Rs 5 crore every year, Rupani said, adding that carbon dioxide emission will be reduced by six lakh tonnes annually.
37 percent excess rainfall so far this monsoon: IMD
The country gauged 13.78 cm precipitation against the normal of 10.05 cm till June 21, it said. ”The cumulative rainfall during this year’s Southwest Monsoon season till June 21 has been exceeded by about 37 percent above Long Period Average (LPA),” the weather department said in a statement.
‘If we are disciplined, then we can stay safe,’ says Health Ministry on COVID third wave
Speaking about rural vaccination, Paul said, “More than half of the doses administered over the last few weeks were inoculated in rural areas, which makes it clear that rural outreach is possible. We are fully hopeful and confident that it is completely possible for us to cover rural areas.” Dr Paul emphasised that gender balance in inoculation needs to be focused and said, “46 per cent of the people who received the vaccine yesterday were women and 53 per cent were men. We have to work on this imbalance, create awareness among women and bring them forward.”
India’s electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions
In the overall Asia region, EV market will continue to grow at a fast pace as more countries look to support EV uptake, reduce emissions and attract EV related manufacturing investment.
Govt not to seek disclosure of flash sales from etailers; to act on consumer complaints
Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the etailers need not be “anxious” about the draft rules.
Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer — are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
Renault-Nissan plant’s social distancing to be audited in Tamil Nadu
The Renault-Nissan workers union petitioned the Madras High Court last month seeking to halt operations, saying that social distancing norms were being flouted and company-provided health benefits were outweighed by the risk to their lives.
The call for an inspection from the Madras High Court follows a review of Ford, Hyundai and Renault-Nissan plants by Tamil Nadu state officials last week, which said the nature of work in assembly lines posed “challenges in maintaining social distancing”
Industry must make pricing of financial products transparent: RBI Dy Guv
Citing an example of such opaque arrangement, Sankar said bundling of products in the financial sector is one such arrangement.
Bundling tends to favour a seller of such a product rather than consumer, he said, adding “when bundling and such issues come up, I think regulators need to be more alert to the possibilities of mis-selling and misuse”.
Karnataka to set up system at dams to get real-time water data, to prevent floods
This system, once set up in Karnataka’s Almatti and Narayanpur dams, will help the officials of both the states overcome the possibility of floods. In case Maharashtra has to release water from its dams as a precautionary measure, it will inform the Karnataka officials who would accordingly lower their water level in Almatti and Narayanpur dams. This alleged lack of communication in 2019 had resulted into Maharashtra releasing lakhs of cusecs water into river beds that flooded the villages on the banks.
Green hydrogen purchase to be made mandatory: R K Singh
Green hydrogen is produced using renewable energy and electrolysis to split water and is distinct from grey hydrogen, which is produced from methane and releases greenhouse gases into the atmosphere, and blue hydrogen, which captures those emissions and stores them underground to prevent them causing climate change.
Pfizer in final stages of agreement to supply vaccine doses to India: CEO
Pfizer, he said, has made a specific plan that the mid and low-income countries, which includes India, will receive at least two billion of those doses. There would be at least one billion doses this year, said Pfizer’s CEO Dr Albert Bourla