Tuesday, December 22, 2020

Parliament panel concerned over lack of clarity on EV switchover plans

Parliament panel concerned over lack of clarity on EV switchover plans Citing the lack of infrastructure and an ecosystem, the committee advised the government to adopt a phased manufacturing programme for the switchover to e-mobility as the entire automotive manufacturing system would have to be overhauled. It also recommended a reduction of GST on fuel-based automobiles to 18 percent to spur demand and improve GST revenue.

from Moneycontrol Business News https://ift.tt/2WD1XWK

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Global Market Today: Asian stocks hit record highs, oil heads for weekly loss

Asian stocks reached a record high, fueled by optimism that the reopening of the Strait of Hormuz will normalize oil flows and ease inflatio...