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Will India's car scrapping policy help auto firms, environment — Quartz India


February 16, 2021
In an attempt to save India’s shrinking economy, the Narendra Modi government has taken a leaf out of the playbook that several countries used to battle the 2008 global financial crisis. But for the trick to really work, the move must be localised to India instead of a blind copy-paste of the West.
In the union budget for 2021-22 (April-March), Indian finance minister Nirmala Sitharaman introduced a voluntary vehicle scrapping policy. Under this, cars older than 20 years and commercial vehicles older than 15 years will be phased out from the roads. These vehicles will need to undergo a test at automated centres to determine whether they are fit for driving or need to be scrapped, Sitharaman said in her budget speech (pdf) on Feb. 1, without further details. ....

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India is Asia's best post-Covid story: Jefferies equity head

India Business News: The global head of equity strategy for international broking house Jefferies, Christopher Wood, has said that India was the best post-Covid recovery s ....

Christopher Wood , Indian Budget , Business News , Post Covid , Chris Wood , கிறிஸ்டோபர் மரம் , இந்தியன் பட்ஜெட் , வணிக செய்தி , கிறிஸ் மரம் ,

Budget, govt-RBI bonhomie giving FIIs a lot of optimism


Budget, govt-RBI bonhomie giving FIIs a lot of optimism
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Last Updated: Feb 11, 2021, 11:10 AM IST
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Synopsis
The recognition and the focus on social infrastructure, health and well-being and addressing the need for inclusive growth was a welcome positive.
MD, Freedom Financial Services LLC
Sachdev is MD, Freedom Financial Services LLC and Senior Advisor, Brandeis University. He has over 26 years experience in the global financial services in various leadership positions building game-changing asset management businesses.
The Indian Budget last week was a good step forward to bring more transparency to the process. The government’s acknowledgment of the expected fiscal deficit was clearly a step in the right direction. Additionally, the recognition and the focus on social infrastructure, health and well-being, and addressing the need for inclusive growth was a welcome step. ....

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