that would collapse to about 15%, and ev makers would essentially be allowed to bring in 8000 vehicles of the value of over $35,000. as you said, this is conditional upon them investing $500 million over the next three years, essentially creating a manufacturing base for evs. we will have to wait and see whether the likes of elon musk announced any plans on the back of this policy in the months ahead.- the months ahead. help us understand _ the months ahead. help us understand the _ the months ahead. help us understand the ev - the months ahead. help us understand the ev marketl the months ahead. help us. understand the ev market in india, and the challenges these companies might face.- india, and the challenges these companies might face. there are a number of _ companies might face. there are a number of big _ companies might face. there are a number of big challenges, - a number of big challenges, steve, including the fact that charging infrastructure at this point is very inadequate, and that will have to be ramped up. you also have to understand this is an extremely price sensitive markets. no surprise that evs only make up 2% of car sales right now. the market at this point is dominated by domestic players, the likes of tata motors or mahindra. 80% market share. the government with this policy hoping for more foreign investment, they also have an ambition of taking the 2% share to i3% by 2013. it the 2% share to 13% by 2013. it would be a long runway for growth both for domestic and foreign players to come in and set up shop. certainly with the duties going down, it would mean cheaper cars for indians like me. ., like me. something to look forward to _ like me. something to look forward to perhaps. - like me. something to look forward to perhaps. thankl like me. something to look - forward to perhaps. thank you. in the last hour, some with fresh economic data from china which showed a slower decline in property investment, which fell by 9% in the first two months of the year from the same period in 2023. impaired to the 24% plunge in december. the chinese government has tried to reverse a downturn in the property sector, which accounts for a third of the economy. data also beat expectations in a sign of stabilisation across the country. —— compared to the 24% plunge in december. in the middle east, negotiators are set to make a fresh push for a ceasefire in the war between israel and gaza. israeli said it would send a delegation to qatar for a new round of discussions, even as it rejected hamas's latest proposal for a truce. geopolitical tensions are a risk for the martime industry as the houthi rebels have kept up attacks on ships in the red sea. we spoke to peter tirschwell, vice president of maritime and trade at s&p global market intelligence. i think that the way we should look at it is to say that this is certainly a maritime disruption. it's certainly a supply chain disruption. it is far less clear that it is a trade disruption. it does not seem to be an economic disruption. so you're not seeing such impact from these attacks, any impact for us in singapore or more broadly in the region? very little economic impact. we continue to believe that the growth of the apac region excluding china and japan will be 4.3%, up from 4.0%, so an acceleration of growth in 202a. if you read the report of our economics team, there is virtually no mention of the red sea as having an economic impact. certainly it has a supply chain impact in the sense that orders have to be placed earlier and transit times are longer. it's harder to forecast if the time between when you order and when you sell your goods is longer by two to four weeks. but in general, we're not seeing a huge economic disruption in this region. how have they managed to accommodate this or navigate what's been happening over there and being able to mitigate it for the end consumer? the simple answer is capacity. during the pandemic, the ocean carriers ordered a lot of ships. they had a lot of cash on hand, their fleets were getting older, they needed to replenish their vessels with eco—friendly ships able to run on zero—carbon, or lower—carbon fuels. they placed a massive amount of orders and those ships are now coming out of the shipyards and going into service. as a result, prior to this happening there was a quite a bit of overcapacity, the freight rates had cratered off their pandemic highs. so when the attacks started in mid december, you had a lot of excess capacity that was able to fill in the gaps. some live pictures from saudi arabia, the mecca, the holy site. muslim pilgrims making their way around it, seven times around is what they are meant to be doing. 6:35am in the morning, morning prayers a while ago. this is all happening in the backdrop of millions of muslims around the world observing the month of ramadan. it is a spiritual time of fasting, reflection and community. some employers in the uk are making adjustments to the workday to support those workers who are observing the holy month. the bbc�*s nina warhurst sent this report. around 800,000 items are sent from this warehouse every week. it's a busy workforce of around 1500 people, and more than a quarter of them are british asian or pakistani. and one of those fasting over ramadan is manager rukaya. nine hours into your fast today. how are you feeling? honestly, ifeel 0k. being at work makes it go a lot quicker. you don't feel any hunger because you're too busy. working, interacting with people. so you're managing a big, busy team. be honest. when they get on your nerves, does that hanger kick in? trust me, it does. it does massively. but because i've been doing it for a very long time, i've managed to control. and in my religion, this month is all about controlling. it's all about being spiritual and being kind to people. when you talk to staff here who are fasting, they say they're used to it. they've been doing it since they were teenagers. but what's also interesting is talking to those who aren't fasting, because they've been asked to be mindful of the fact that their colleagues might want to ask for shorter shifts. they might want to break out more frequently for prayer time, and they might feel those energy levels starting to dip in the afternoon. everyone received an email explaining over ramadan that muslims like miriam might pray more or book extra leave. and bosses say extra effort that they've put into relaxing the rota means productivity is protected. we haven't noticed that drop in productivity. i think it may be due to the staggered breaks. so when someone is feeling a little bit fatigued, they're able to take a break at the time that they choose. so i was going to say you're on hour ten now. fasting. how are you feeling? do you know what? great. i don't have the afternoon slump that i normally have after having having a lunch break. so i'm feeling very productive, ready to go. but what about when you're fasting and working from home, close to the kids and to the fridge? halil works on it systems for cambridge university. halil works on it systems for cambridge university. 11th hour of fast now — how's the concentration levels? they are good. i'm looking forward to having dinner. i bet you are. for me personally, it's actually more productive in ramadan. wow. i think i've found that the tea breaks, the lunch breaks, nipping out for a salad or something like that — i sacrifice that and i give it to my work. this year, adam's fasting for the first time. he's not enjoying the 4am alarms for breakfast, but... we've got about three minutes to go until your evening meal. are you excited? yeah. what are you most excited about? i'm excited to have the dates. yeah — and fruit salad. ooh, lovely. and your mum's chicken looks really good. can i have some? yeah. great. and we ask you to bless all of mankind. whoever they are, wherever they come from, we seek refuge in you, in our worst times and in our best times. an early night and an early morning will follow for a breakfast before the sun rises. less food, less sleep. but khaleel says a clearer mind to focus on work, family and faith. ramadan runs until april the 9th. a quick look at the markets before we go. the nikki indexin markets before we go. the nikki index injapan trading more than 2% higher on hopes that the country's central bank will end the negative interest rate policy on tuesday. currently trading up 2.1%. negative rates has made the yen less attractive to global investors and pushed down the currency�*s value. biggerthan and pushed down the currency�*s value. bigger than expected pay hikes byjapanese hikes by japanese businesses have also boosted sentiment in recent weeks. that is it for today on asia business report, see you tomorrow. bbc news — bringing you different stories| from across the uk. not roadworks, just a road system that can't cope. this was the centre of newborough a few summers ago. the authorities closed off the road to the beach because the car park there was full and the road wasjustjamming up with cars that had nowhere to go. at this time of year, the road is quiet, but residents say trafficjams will start as soon as the easter holidays do. they've even seen road rage incidents here among frustrated visitors. people coming out to argue and then you've got the traffic behind them arguing with them then because they're not moving, absolutely hectic. the cars are just flowing constantly. we've got them going up and coming down the same time. and this is the reason why newborough has become so congested. the number of visitors to the beach has increased in recent years. some people are asking if it's even becoming too popular. filming has been going on here. you know, netflix are here in october filming and we've got the sundown here in september blocking everything up. but the question that people here in newborough have been asking today is what can be done about the traffic problems? a series of consultation meetings have been taking place to look at possible solutions. for more stories from across the uk, head l to the bbc news website. hello and welcome to sportsday. and these small seedlings growing in a greenhouse in devon, there are big hopes and big ambitions. they're sprouting from seeds and twigs gathered from the broken branches of the sycamore gap tree, the iconic tree whose felling last september sparked an ongoing police investigation and caused a national outpouring of emotion. tony gates is the chief executive of the northumberland national park authority. he says more than a0 seedlings have already been established genetic clones, which could now be planted in different parts of the country. we all felt a bit low last september when the tree was cut down, you know, such a great symbol of the north east. we thought, well, maybe that's had gone forever. but raising seedlings isn't the only way the tree's legacy is being preserved. a technique called grafting is also being used, with nine of the 20 grafts now showing signs of life. it'll take the seedlings around 100 years to grow into full, mature trees. not many of us will be around to see that. but for those who miss this iconic tree, it's still the best possible news. a sign of hope after months of anguish and despair. for more stories from across the uk, head l to the bbc news website. hello and welcome to sportsday. the headlines. a major moment for manchester united as they knock liverpool out of the fa cup with a goal in the 120th minute and a 4—3 win. could this be the year bayer leverkusen win in the bundesliga ? they have a ten—point lead at the top, aiming for their first top—flight title. quick work in the california desert — swiatek beats sakkari in straight sets to win a second indian wells title. it's been a thrilling weekend of quarter—final games in the fa cup, with the most dramatic match needing a 120th minute goal to separate two of the biggest clubs in the world. manchester united eventually beat rivals liverpool 4—3. patrick gearey has the details from old trafford. this place old trafford has seen some games over the years but that was right up there. an fa cup quarter—final to live on in history. where to start? manchester united, many people's underdogs, started brighter and went ahead through scott mctominay from close range early on.

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