Search Results for: automotive sector

Centre notifies new Telecommunications Act provisions, focuses on spectrum utilisation

India's Telecommunications Landscape Undergoes Major Shift

India's new Telecommunications Act, 2023, replaces old laws, addressing advancements in the telecom sector. The Act allows government control of telecom services in emergencies, raising concerns about potential misuse of power. Aug 31, 2024
India's tyre exports bounce back in April-June quarter

India's tyre exports bounce back in April-June quarter

India's tyre exports have bounced back in the first quarter (April-June) of the current financial year with a 17 per cent jump to Rs 6,219 crore, according to a statement issued by the Automotive Tyre Manufacturers Association (ATMA). Aug 30, 2024
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy Car manufacturers offer up to Rs 20,000 discount under new scrapping policy

India's New Vehicle Scrapping Policy to Boost Cleaner and Efficient Vehicles

India's Vehicle Scrapping Policy encourages the replacement of old vehicles with cleaner ones, offering substantial discounts on new purchases. Major car manufacturers are offering discounts of 1.5% of the ex-showroom price or Rs 20,000, while Mercedes Benz India offers a flat discount of Rs 25,000. The policy also includes benefits like scrap value from Registered Vehicle Scrapping Facilities and tax concessions. The initiative aims to promote cleaner, safer roads and combat pollution, requiring coordination between manufacturers, scrapping facilities, and the government. Aug 29, 2024
Cabinet approves 730 private FM radio channels in 234 new cities and towns

Government Greenlights 730 New FM Channels in Strategic Expansion

In a significant move to expand the reach of FM radio broadcasting across India, the government has given the green light for the roll-out of 730 private FM radio channels in 234 new cities and towns. This decision, announced on August 28, 2024, is part of the third batch of auctions under the 'Private FM Radio Phase III Policy'. Aug 28, 2024
Union Cabinet decides to expand scope of Agriculture Infrastructure Fund scheme

Union Cabinet decides to expand scope of Agriculture Infrastructure Fund scheme

In a significant move to enhance and strengthen the agricultural infrastructure in the country and support the farming community, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, announced a series of measures to expand the scope of the central sector Agricultural Infrastructure Fund (AIF) scheme. Aug 28, 2024
IMF Boosts Egypt's Economy with $820 Million Aid

IMF Boosts Egypt's Economy with $820 Million Aid Amid Regional Tensions

The IMF has approved a disbursement of $820 million to strengthen Egypt's economy. This aid is part of an $8 billion loan program agreed upon in March to help Egypt deal with regional tensions. Despite Egypt's economic progress, the IMF warns of the challenging regional environment it continues to face. Aug 27, 2024
India 1st reusable hybrid rocket 'RHUMI-1' launched on Saturday

India's First Reusable Hybrid Rocket Takes Flight, Marks Major Milestone

The RHUMI-1 rocket is 100% pyrotechnic-free and 0% TNT, making it safer and more environmentally friendly. The successful launch of RHUMI-1 marks a significant milestone in India's space exploration journey, demonstrating its growing capabilities in advanced space technologies. Aug 24, 2024
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