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India's EV charging stations increased nine-fold: Forvis Mazars report

The total numbers of BEV charging stations have surged from 1,800 in February 2022 to 16,347 in March 2024.Read more

MoPSW to develop new shipbuilding scheme to incentivise Indian shipyards till 2035

Additionally, global cruise giant MSC Cruises has shown interest in deploying ships for domestic routes in India. Read more

Shveta Ayra appointed MD of Cummins India; Ashwath Ram moves to Cummins Inc. USA

She replaced Ashwath Ram, who has resigned as MD, Director, and Key Managerial Personnel (KMP), as he will be assuming a full-time global role with Cummins Inc., USA. He will relinquish his position on August 31, 2024, along with his respective committee positions as well. Read more

Policies to increase e-buses sales to 75-80% this fiscal; CRISIL Ratings

These schemes include Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) (1 and 2), National Electric Bus Programme (NEBP) under Convergence Energy Service Ltd (CESL) (1 and 2), and PM-eBus Sewa Scheme.Read more

FAME -II to focus on consumer aid than direct incentives to EV manufacturers

Launched in 2019 with an initial budget of Rs 100 billion, and later supplemented with an additional Rs 15 billion, the FAME II scheme aims to accelerate electric vehicle adoption in India. Read more

Indian economy grows in 24-25 as rural spending increases: RBI

Rural spending is outpacing urban segments, narrowing the rural-urban divide, as highlighted by the recent monthly per capita consumption expenditure (MPCE) survey of the NSSO. Read more

Cybersecurity attacks increase in Indian wind sector: NITI Aayog

Cybersecurity threats affecting wind turbines’ ability to exchange information via power plant controllers are emphasised, highlighting the critical need to develop Power Plant Controller (PPC) software. Read more

AMD partners with IIT-B incubated SINE to develop energy-efficient SNN chips

Under the collaboration, Numelo Technologies was given the first grant for developing SNN chips using ultralow power quantum tunnelling on silicon on insulator (SOI) technology.Read more

EV industry wants incentives and tax rationalisation from budget

India's EV industry is hoping for the introduction of the FAME- III scheme, allocation of funds for public charging infrastructure, incentives for localising components, and a reduction in GST on EVs.Read more

Focus on incremental reforms

According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more

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