EV-ready highways in India! The Indian government is planning to construct electric vehicle-ready highways on the Golden Quadrilateral, a network of highways connecting major cities, in order to reduce fuel consumption and vehicular emissions through the use of electric intercity public transport. The government aims to develop 6,000 km of these highways over the next … Read more
The numbers are in, and scientists can now confirm what month after month of extraordinary heat worldwide began signalling long ago. Last year was Earth’s warmest by far in a century and a half. Global temperatures started blowing past records midyear and didn’t stop. First, June was the planet’s warmest June on record. Then, July … Read more
It would require 6.4 crore more homes by 2036 to match the housing demand of India’s increasing population, according to CREDAI-Liases Foras. “The additional housing requirement by 2036 due to the population growth is 64 million in India,” read the joint report released by realtors’ apex body CREDAI, in collaboration with data analytic firm Liases … Read more
`Government on Sunday said GST officers have detected 29,273 bogus firms involved in fake Input Tax Credit (ITC) claims of Rs 44,015 crore in eight months till December 2023 during a drive against fake registration, which helped save revenue of Rs 4,646 crore. In October-December 4,153 bogus firms that involved suspected ITC evasion of around … Read more
Elon Musk criticized the US government for limiting visas in the H-1B category and suggested that the country should stop illegal immigration and allow more legal immigrants to come in. Taking to X (formerly twitter), Tesla founder Elon Musk wrote, “While it is trivial to enter the United States illegally, it is insanely difficult for … Read more
Union steel minister Jyotiraditya Scindia said India becoming a net importer of steel between April and November this fiscal year is not a concern for the government, terming the imports a drop in the ocean of total steel consumption in the country. “Indian steel production has gone up by 12.9% y-o-y (year-on-year). So, more steel … Read more
Describing 2023 as a year of ‘special achievements’, Prime Minister Narendra Modi on Sunday said the country is replete with self-confidence and the momentum should continue in 2024. Addressing the nation through the ‘Mann Ki Baat’ broadcast, Modi mentioned the G20 summit, passing of the Women’s Reservation Bill in Parliament, landing of Chandrayaan-3 on the … Read more
The government on Sunday named former vice chairman of Niti Aayog and Columbia University professor Arvind Panagariya as the chairman of the Sixteenth Finance Commission (SFC), a constitutional body. Mint takes a look at what to expect from the SFC. What is the role of finance commissions? Finance commissions are independent constitutional bodies with a … Read more
Goods and services tax (GST) collections rose 10.3% to Rs 1,64,882 crore during December, driven by domestic sources, while the rise in mop-up from imported goods lagged. Latest data released by the finance ministry pegged collections from domestic sources to have increased 13% in December (for transactions in November). While Central and State GST rose … Read more