The government is likely to extend fiscal incentives for production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme to cover more high-employment potential sectors, sources said. The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advance chemistry cell and speciality steel. The scheme aims to make domestic manufacturing globally competitive and create global champions in manufacturing, and it is yielding solid results, sources said.
A former world no. 2, Sindhu has regained her place in the top 5 after three years. The former world champion from Hyderabad resumed her training on Monday after recovering from the injury.
Prime Minister Narendra Modi lauded P V Sindhu as 'champion of champions' after she won the gold medal in the women's badminton singles at the 2022 Commonwealth Games in Birmingham on Monday.
India's production-linked incentive (PLI) scheme, which aims to make domestic manufacturing globally competitive, has attracted investment worth over Rs 45,000 crore and has also created three lakh jobs, NITI Aayog CEO Parameswaran Iyer said on Monday. The government has rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel. "The PLI programme has already started showing results.
Double Olympic medallist PV Sindhu's gallant fight ended in agony as India made a dismal start to their Sudirman Cup campaign, going down to the formidable Chinese Taipei in the opening round in Suzhou on Sunday.
President Droupadi Murmu on Wednesday congratulated the Indian badminton mixed team for clinching silver medal at the 2022 Commonwealth Games.
Fellow Indian Kidambi Srikanth also jumped two places to sit at the 12th spot, while Lakshya Sen continued to be the best-placed Indian male shuttler at world number 9.
Bribery can never be a subject matter of immunity and parliamentary privilege is not meant to place a lawmaker above the law, the Centre on Thursday told the Supreme Court which reserved its verdict on reconsideration of its judgment of 1998 when it held that MPs and MLAs enjoy immunity from prosecution for taking bribe to make a speech or cast a vote in legislature.
Automotive retail sales saw a 14 per cent rise in March on a year-on-year (YoY) basis, according to data released by the Federation of Automobile Dealers Associations (FADA). For the whole of financial year 2022-23 (FY23), sales grew 21 per cent YoY. For both March and the financial year, all categories, except for tractors, and including two-wheelers, three-wheelers, passenger vehicles (PVs), and commercial vehicles (CVs), posted double-digit growth. However, the total retail sales of 22.1 million for the financial year were still 12 per cent lower than the pre-Covid (FY20) level of 25 million, owing to an 18 per cent dip in the two-wheeler segment.
The Supreme Court on Tuesday appointed senior advocate P S Patwalia as amicus curiae to assist it in examining whether an MP or MLA can claim immunity from criminal prosecution for taking a bribe to make a speech or vote in the legislative assembly or Parliament.
Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21. Passenger car shipments saw 42 per cent growth at 3,74,986 units, while utility vehicle exports rose 46 per cent at 2,01,036 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed.
India's PV Sindhu, drawn in easy group, faces Israel's Ksenia in opener.
Adani group-AAI operated Mumbai airport on Monday said it has switched to green energy sources, fulfilling 95 per cent of its requirement from hydro and wind and the rest 5 per cent from solar power. The facility witnessed a rise in natural energy procurement with 57 per cent green consumption in April to a whopping 98 per cent between May to July, and finally attained 100 per cent utilisation of renewable sources of energy in August, the private airport operator said in a statement. Mumbai Airport was the first in India to launch hybrid technology which has been solely running on green energy since April, thus enabling an efficient and low carbon future for aviation, as part of efforts to reduce carbon footprint, it said.
A former world champion, Sindhu is one of the favourites to win the women's singles gold medal in Birmingham, having won the silver and bronze in the last two editions at Gold Coast and Glasgow.
PV Sindhu and Kidambi Srikanth secured straight game wins
Reigning women's singles Olympic badminton champion Carolina Marin of Spain has withdrawn from the Tokyo games due to a knee ligament injury.
Sindhu now leads 3-0 against the Chinese on head-to-head.
The Congress would also take inspiration from history as it was from Karnataka that an embattled Indira Gandhi had revived her dwindling political future by winning a Lok Sabha bypoll from Chikmagalur.
These celebs are making a strong case for festive fusion wear.
The business will also see a change of guard. Shailesh Chandra, president of EV and corporate strategy, will replace Mayank Pareek as president of PV business, including EV, with effect from April 1. Pareek will be superannuating from the company after a six-year stint at the end of February 2021. Chandra and Pareek will work on transition over the next few weeks.
Discussions are also going on to bring PLI scheme for toys, furniture, bicycles and containers. The objective of the scheme is to make domestic manufacturing globally competitive, create global champions in manufacturing, boost exports and create jobs.
With Tata Motors subsidiary taking over Ford's passenger vehicle (PV) manufacturing unit at Sanand in Gujarat, uncertainty over the future of Ford's Maraimalai Nagar unit in Tamil Nadu continues, with workers protesting on Thursday demanding a better severance package. There are over 2,000 employees working at the unit. On Thursday, there was a meeting between agitating employees and the state labour department. The workers started protests at the Chennai unit after Tata Passenger Electric Mobility signed a tripartite memorandum of understanding with Ford India and the Government of Gujarat for acquisition of Ford's PV manufacturing plant at Sanand.
The theme for this year's Yoga day is "Yoga for Humanity".
Double Olympic medallist PV Sindhu will spearhead the women's challenge in both the Commonwealth and Asian Games while London Olympics bronze winner Saina Nehwal did not expectedly feature in the squads.
Sindhu, seeded third, was not at her usual best and trailed her Japanese opponent from the start in both the games.
Domestic passenger vehicle retail sales declined eight per cent in February as the companies continued to suffer production loss due to chip shortage, automobile dealers' body FADA said on Friday. The passenger vehicle (PV) sales dropped to 2,38,096 units last month, down 7.84 per cent from 2,58,337 units in February 2021. "Even though the passenger vehicle (PV) segment saw some launches and slight respite in supply due to better production, it was not enough to meet customer demand. "Vehicle waiting period thus remains similar to what it was in the past few months," FADA president Vinkesh Gulati stated.
A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte Survey said on Friday. An overwhelming number of survey respondents hope the budget will fuel growth across industries by building strong domestic demand and focussing on capital expenditure and believe that it would define the 'Amrit Kaal'. "Critical to this growth will be the pace of capital expenditure, infrastructure development, and the need to boost infrastructure financing through private partnership. 60 per cent of respondents suggested raising funds through Indian Government Bonds," the survey said.
Against the unseeded Tunjung, Sindhu started on a bright note and played aggressively to surge to a 10-5 lead. She used her experience and reach to engage her opponents in long rallies initially.
'As per the provisions under the Constitution of India, Hon'ble President of India has appointed the following Chief Justices of High Courts as Judges of the Supreme Court. My best to them: Rajesh Bindal, Chief Justice, Allahabad HC and Aravind Kumar, Chief Justice, Gujarat HC,' Law Minister Kiren Rijiju tweeted.
Passenger vehicle wholesales in India declined nearly 4 per cent to 279,501 units last month, auto industry body SIAM said on Wednesday. Passenger vehicle (PV) dispatches from factories to dealerships in March 2021 stood at 290,939 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also fell 21 per cent to 11,84,210 units as compared with 14,96,806 vehicles in March 2021.
First-time buyers of cars and sport utility vehicles (SUVs) have made a comeback, shows last year's data from top passenger vehicle (PV) makers. If the trend persists, it may move the needle on the overall car penetration ratio. India's car penetration ratio is 32 per 1,000 people - one of the lowest, compared to mature car markets like the US and Europe.
Placed at number 10 in the Race to Guanzhou rankings, Srikanth needed to win the tournament to have any hopes of qualifying for the season-ending World Tour Final in December.
The BJP on Thursday alleged that the opposition parties have decided to boycott the inauguration of the new Parliament building by Prime Minister Narendra Modi just because it has been built at his initiative.
The note, posted on her Twitter handle, took her fans by surprise but that was only one part of the whole message she was trying to make.
Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August, riding on improved supplies of semiconductors and festive demand, according to the Society of Indian Automobile Manufacturers. As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 281,210 units last month, against 232,224 units in August 2021. Passenger car wholesales were up 23 per cent at 133,477 units last month, as against 108,508 units in the year-ago period, SIAM said.
Also seen interacting with Prime Minister Modi was Olympic gold medallist javelin thrower Neeraj Chopra over a bowl of choorma.
The Congress president also came down heavily on the BJP over the Adani issue.
India's fancied shuttlers didn't break a sweat on way to completing a 5-0 sweep of Pakistan in their mixed team campaign opener at the 22nd Commonwealth Games in Birmingham on Friday.
World No. 1 Yamaguchi, however, had to toil hard to get across three-time world champion and Rio gold medallist Carolina Marin of Spain 21-17, 14-21, 21-19 in the day's first match at the IG stadium in New Delhi.
Sindhu progressed to the quarterfinals with an easy straight-game win over Japan's Aya Ohori
