India to produce, sell only electric vehicles by 2030: Goyal

coastaldigest.com news network
August 19, 2017

Mysuru, Aug 19: The NITI Ayog of the union government is preparing a road map to ensure that only electric vehicles will be produced and sold in the country by 2030, according to Piyush Goyal, Minister of State for Power and Renewable Energy.

Interacting with media persons here on Friday, Goyal said that different ministries had given their inputs and ideas, which are being worked out by experts, as part of a national mission to promote solar energy power plants and electric vehicles. As a significant step in this direction, the centre plans to procure at least 10,000 electric cars to phase out the government vehicles in New Delhi. He, however, did not specify any time frame for the same.

Rejecting hybrid vehicles as being unviable, he described it as an intermediate technology, which the country has no use for. India should opt for the best available technology. A few manufacturers are promoting hybrid vehicles because they do not have electric vehicles in their portfolio, he said.

The automobile industry is warm to the idea and has responded positively, said Mr. Goyal, adding that the shift from petrol and diesel fuelled vehicles will reduce India’s dependence on oil and the cost of import. Besides, it will strengthen the rupee and the current account deficit would disappear. But, above all, the air will be cleaner and will be an “end-to-end solution to address the issues of climate change”, he said.

Expressing confidence of the shift from petrol and diesel to electric vehicles by 2030, the minister said the Government will help establish charging stations to start with and later through franchisee model, create jobs for lakhs of entrepreneurs to establish charging stations across the country. “It will be self sustaining... the electric vehicles will be cheaper and the operating costs will also reduce, which will be an economic incentive for the public to buy the same,” he added.
 

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News Network
April 1,2020

Bengaluru, Apr 1: Karnataka government along with BBMP has asked project contractors, builders and developers in the city not to send their labourers to their native place and instead provide them with amenities like food and shelter in this lockdown period.

It was also warned with legal action would be taken against them if they violating the instructions from the government .

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News Network
February 9,2020

Bengaluru, Feb 9: Senior JD(S) leader and former prime minister H D Deve Gowda has called upon all the regional parties and secular parties to join hands with the Congress and work in tandem to take on the BJP.

Noting that mere speeches would not help, he said the regional and secular parties should enhance their strength politically in the country.

"We all need to join together with Congress and work in tandem with the available strength only then will we be able to stop them (the BJP)," the JD(S) supremo said at a public meeting organised by the party in Hassan district on Saturday.

Gowda cautioned the regional and secular parties against sitting idle watching the developments in the country.

"If the small and regional parties do not exercise the powers given by Dr B R Ambedkar to the country, they (BJP) are going to the extent of finishing them up," he said. Interestingly, the JD(S) patriarch, had in the run-up to the December bypolls to Karnataka assembly said he would not align with the Congress and dubbed it as "not trustworthy."

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News Network
May 19,2020

Mumbai, May 19: Even as banks in United Arab Emirates are trying to trace NMC founder BR Shetty, a prominent bank in India is seeking to recover loans worth Rs19.13 billion from him and his companies. 

A local court has also barred him and his wife from selling or transferring some properties while it hears the case.

In the court filing, the Bank of Baroda said Shetty had an obligation to handover the title deeds of the 16 properties and mortgage the assets with the bank.

The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the Rs19.13 billion ($253 million) loans, according to a May 16 court order seen by Reuters. The court in Bengalaru set the next hearing in the case for June 8.

NMC, the largest private healthcare provider in the UAE, was placed under administration in April after months of turmoil. It disclosed in March it had debts of $6.6 billion, well above earlier estimates of $2.1 billion.

Finablr, in which Shetty has a controlling stake, said in April it may have nearly $1 billion more in debt than previously reported.

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