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All electric vehicles (EVs) will cost at par with petrol vehicles in the next one year. Road Transport Minister Nitin Gadkari said this.
He said that the government is promoting ethanol produced from crop residues instead of petrol and diesel. I am trying to save money spent on fossil fuels by reducing EV prices. The government is already promoting green fuel in a big way. He said that waterways are a cheaper mode of transport for us than roads.
Forex reserves fall below $600 billion
The country’s foreign exchange reserves fell by $ 4.59 billion to $ 596.45 billion in the week ended June 10. In the previous week, it was $ 601 billion, down by $ 306 million. Gold reserves fell marginally to $ 40.84 billion. The Reserve Bank gave this information on Friday.
PACL investors will be able to update mobile number
A high level committee of SEBI has given facility to the investors of PACL to update the mobile number. On this, through SMS, investors will be able to get information regarding the submission of their original certificates. In April, SEBI had asked investors to submit their original certificates by June 30 after receiving the SMS. This was only for those investors whose amount ranged from Rs 10,001 to Rs 15,00.
Union Bank increased the rate on deposits
Union Bank hikes interest rates on fixed deposits. In a statement, the bank said that the new rate would be applicable for all time periods. Less than 2 crores and on 46-90 days the rate has increased by 0.55 per cent to 4.05 per cent. The rate has increased by 0.35 per cent to 5.45 per cent over a period of one to two years. From 181 days to one year, the interest rate of 0.20 percent has increased to 4.60 percent.
Consensus could not be reached on GST slab
No consensus could be reached in the meeting of the Group of Ministers to discuss the issue of slabs and inverted duty in the Goods and Services Tax (GST). Now this issue will be discussed again later. There are currently four slabs in GST. The meeting also demanded extension of the deadline for GST compensation to the states. It was attended by ministers from Rajasthan, Bihar, Uttar Pradesh, West Bengal, Karnataka, Goa and other states.