5 Minutes Read

Mahindra to launch new Scorpio-N based pickup SUV by 2026-27

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The Mahindra Group is the largest exporter of pickup SUVs in India. Pickup vehicle sales account for one-third of the company’s domestic SUV sales volumes in India and 75 percent of the company’s SUV exports.

Mahindra Auto has started work on a new pickup SUV based on the Scorpio-N platform. The company showcased its ‘Global Pik Up Concept’ in Cape Town, South Africa.

The company is working on a new pickup vehicle that would have a four-wheel drive system with electric shift, terrain-based mode selection, immersive audio experience, 5G connectivity, semi-automatic parking assist, sunroof, and level two autonomous car features, said R Velusamy, Chief of Global Product Development, Mahindra Group.

The Mahindra Group is the largest exporter of pickup SUVs in India. Pickup vehicle sales account for one-third of the company’s domestic SUV sales volumes in India and 75 percent of the company’s SUV exports.

Speaking during a presentation in Cape Town, Veejay Nakra, President Auto Division Mahindra Group, said the company was considering ASEAN, Australia, India, South Africa, and South and Central America as potential markets for exporting pickup vehicles.

CNBC TV18 has learned that Mahindra Auto could launch the new pickup SUV by 2026-27.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Australia captain Pat Cummins eyes return to international cricket ahead of the World Cup

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The pace bowler is set to miss Australia’s five-match ODI series against South Africa between September 7 and 17. Australia will play ODIs against India on September 22, 24 and 27.

Australia captain Pat Cummins is looking to make a comeback to international cricket with three-match ODI series against India in late September, just ahead of the World Cup. Cummins, who fractured his wrist during the fifth Ashes Test at the Oval (July 27-31), had been advised to rest for six weeks. Australia will play ODIs against India on September 22, 24 and 27.

“I’ll head over to South Africa at the back end of that leg. But we’re probably looking more at those one-dayers (against India) ahead of the World Cup.

Also read: Ben Stokes to come back from ODI retirement to play the World Cup: Reports

“It shouldn’t be too bad. Another few weeks and it’ll be right,” said Cummins, sounding hopeful of him playing in the World Cup to be held in India from October 5 and November 19. Cummins said he would probably assess his role as ODI captain after the World Cup.

“The captaincy for the ODIs, we’ve kind of shared around a little bit. We’ll get over there, and have a look at that,” he said. Cummins said Mitchell Marsh, who has been appointed as Australia’s T20I captain, is the logical choice to succeed him in the role of the ODI leader.

Also read: English pacer Steven Finn calls it a day from all forms of cricket

“The good thing is we have a few options. (Mitchell Marsh) is probably the most obvious one if he’s doing the T20s as well. Off the field, he’s just a great people person. His energy’s infectious, he’s great to hang around with, always good fun.” Cummins had taken over as Australia’s 50-over format captain last year from Aaron Finch but since then he had led only in two of the six ODIs they played.

He missed one match against England as Josh Hazlewood stepped in. Steve Smith led Australia in a three-match ODI series against India earlier this year as Cummins returned home following the death of his mother.

(With PTI inputs)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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India vs Ireland T20I Series: Top 7 Indian players to watch out for

Jasprit Bumrah returns in the India jersey after an almost year-long injury layoff. He will be leading the side in this tour but all eyes will be on his individual performances as the Indian bowling unit requires significant strengthening in the backdrop of the ICC Men’s ODI World Cup later this year. (Image Source: Reuters)
Prasidh Krishna has been out of the spotlight for over 12 months owing to his recurring injury concerns.The Men in Blue are in the lookout for a fourth pacer behind Bumrah, Mohammed Shami, and Mohammed Siraj for the ODI World Cup and the Rajasthan Royals (RR) bowler could attain that spot if he proves his form and fitness in this series. (Image Source: Reuters)
With 474 runs in 16 matches, Rinku Singh was one of the standout stars in the Indian Premier League (IPL) 2023. He has repeatedly proven his mettle in the domestic circuit over the years and will be striving to do so in national colours, starting from this tour of Ireland. (Image Source: iplt20.com)
Ruturaj Gaikwad has lately been promoted to a leadership role. He will be the deputy to Bumrah in this series and will lead India in the Asian Games. In that context, it is important that he optimises whatever opportunity he receives with the bat at the top of the order. (Image Source: BCCI)
The Mumbai Indians (MI) star is reportedly in contention for a World Cup spot if the duo of KL Rahul and Shreyas Iyer do not recover in time. Varma slammed 173 runs in five T20Is at a strike rate of 140.65 in his debut international series in the Caribbean. He needs to double up on those performances to truly stake a claim for a spot in the ODI setup. (Image Source: BCCI)
Shivam Dube was briefly a part of the Indian T20I setup in 2019-20 before technical flaws saw him bow out of the race. However, his insane contributions in the middle-order in a title-winning campaign for the Chennai Super Kings (CSK) last year have shot him back into the spotlight and the southpaw will stirve to make the most of the opportunities he receives in this series. (Image Source: iplt20.com)
Sanju Samson did not exactly set the stage on fire in the Caribbean. He will have to pounce upon his chances now as the Asia Cup squad announcement is fast approaching and impressing outings in Ireland can solidify his case to make it to the Indian squad for the continental championship. (Image Source: Twitter)
 5 Minutes Read

Musk shuts down promoted accounts ad business on his X platform

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Promoted accounts, or “Follower Objective” ads, generate more than $100 million annually in global revenue for X, according to the report. Advertisers largely rely on promoted follower ads to drive business on the platform and target certain audiences.

Social media company X, formerly known as Twitter, will no longer allow advertisers to promote their accounts within the platform’s timeline to attract new followers, Axios reported on Tuesday, citing an email to advertising clients.

Promoted accounts, or “Follower Objective” ads, generate more than $100 million annually in global revenue for X, according to the report.

X did not immediately respond to a Reuters request for comment.

Advertisers largely rely on promoted follower ads to drive business on the platform and target certain audiences.

CEO Linda Yaccarino, the former advertising chief at NBCUniversal, has been trying to rebrand the company’s image since she started as CEO on June 5 and bring back advertisers who left the platform after Elon Musk’s changes.

Also Read: India’s road accident database website source code, user data exposed on dark web

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

Tesla makes Model S, X more affordable by lowering prices and ranges

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The world’s most valuable automaker had last month said that operating income and revenue were pressured by lower average selling price and lesser sales of its more expensive models.

Tesla on Monday launched cheaper variants of its Model S sedan and Model X SUV with shorter driving ranges in the United States, looking to increase sales as high borrowing costs hamper demand for expensive electric vehicles.

It has already slashed the prices of its vehicles in the U.S., China and other markets as it puts sales growth ahead of profit margins, which are still at higher levels among automakers.

The Austin, Texas-based company has also offered other incentives to reduce inventory in a strategy that CEO Elon Musk said was part of Tesla’s recession playbook.

The new S and X “standard range” models are priced at $78,490 and $88,490, respectively. They are $10,000 cheaper than the previous lowest-priced models and are available for delivery between September and October, the website showed.

Also Read: Ola Electric launches S1X EV scooter range starting at Rs 89,999, check all details here

“If the standard range doesn’t deliver the kind of quality Tesla drivers expect that’s an issue, but if what you get from a standard doesn’t diverge much from the premium, then existing drivers will baulk,” said Danni Hewson, head of financial analysis at AJ Bell.

The new Model S has a driving range of up to 320 miles (515 km), lower than the regular dual motor and tri-motor Plaid variants that offer up to 405 miles and 396 miles, respectively.

Model X SUV has range of up to 269 miles, well below its more expensive versions that offer up to 348 miles.

Tesla did not immediately respond to a request for comment on the new versions. Its shares were down 0.8 percent in trading before the bell after gaining nearly 95 percent so far this year.

The world’s most valuable automaker had last month said that operating income and revenue were pressured by lower average selling price and lesser sales of its more expensive models.

In the second quarter, it sold 19 percent more Model X and S, its oldest vehicles in the market, from a year ago.

Also Read: Mahindra Group launches the Oja light weight tractor to drive next phase of growth

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

NASA records July 2023 as hottest month on record since 1880

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Overall, July 2023 was 0.43 degrees Fahrenheit (F) (0.24 degrees Celsius (C)) warmer than any other July in NASA’s record, and it was 2.1 F (1.18 C) warmer than the average July between 1951 and 1980.

July 2023 was hotter than any other month in the global temperature record, according to scientists at NASA’s Goddard Institute for Space Studies (GISS) in New York.

“Since day one, President Biden has treated the climate crisis as the existential threat of our time,” said Ali Zaidi, White House National Climate Advisor.

Against the backdrop of record-high temperatures, wildfires, and floods, NASA’s analysis puts into context the urgency of President Biden’s unprecedented climate leadership.

From securing the Inflation Reduction Act, the largest climate investment in history, to invoking the Defense Production Act to supercharge domestic clean energy manufacturing, to strengthening climate resilience in communities nationwide, President Biden is delivering on the most ambitious climate agenda in history.”

Overall, July 2023 was 0.43 degrees Fahrenheit (F) (0.24 degrees Celsius (C)) warmer than any other July in NASA’s record, and it was 2.1 F (1.18 C) warmer than the average July between 1951 and 1980.

The primary focus of the GISS analysis are long-term temperature changes over many decades and centuries, and a fixed base period yields anomalies that are consistent over time. Temperature “normals” are defined by several decades or more – typically 30 years.

Also Read: NASA unveils Artemis 2 Moon mission spacecraft at Kennedy Space Centre

“NASA data confirms what billions around the world literally felt: temperatures in July 2023 made it the hottest month on record. In every corner of the country, Americans are right now experiencing firsthand the effects of the climate crisis, underscoring the urgency of President Biden’s historic climate agenda,” said NASA administrator Bill Nelson.

“The science is clear. We must act now to protect our communities and planet; it’s the only one we have.”

Parts of South America, North Africa, North America, and the Antarctic Peninsula were especially hot, experiencing temperatures increases around 7.2 F (4 C) above average.

Overall, extreme heat this summer put tens of millions of people under heat warnings and was linked to hundreds of heat-related illnesses and deaths. The record-breaking July continues a long-term trend of human-driven warming driven primarily by greenhouse gas emissions that has become evident over the past four decades.

According to NASA data, the five hottest Julys since 1880 have all happened in the past five years.

“Climate change is impacting people and ecosystems around the world, and we expect many of these impacts to escalate with continued warming,” said Katherine Calvin, chief scientist and senior climate advisor at NASA Headquarters in Washington.

Also Read: NASA reveals the reality behind asteroid’s comet-like tail

“Our agency observes climate change, its impacts, and its drivers, like greenhouse gases, and we are committed providing this information to help people plan for the future.”

NASA assembles its temperature record from surface air temperature data from tens of thousands of metrological stations, as well as sea surface temperature data acquired by ship- and buoy-based instruments.

This raw data is analyzed using methods that account for the varied spacing of temperature stations around the globe and for urban heating effects that could skew the calculations.

“This July was not just warmer than any previous July – it was the warmest month in our record, which goes back to 1880,” said GISS Director Gavin Schmidt.

Also Read: NASA implements power hack to extend Voyager 2 mission beyond 2026

“The science is clear this isn’t normal. Alarming warming around the world is driven primarily by human-caused greenhouse gas emissions. And that rise in average temperatures is fueling dangerous extreme heat that people are experiencing here at home and worldwide.”

High sea surface temperatures contributed to July’s record warmth. NASA’s analysis shows especially warm ocean temperatures in the eastern tropical Pacific, evidence of the El Niño that began developing in May 2023.

Phenomena such as El Niño or La Niña, which warm or cool the tropical Pacific Ocean, can contribute a small amount of year-to-year variability in global temperatures. But these contributions are not typically felt when El Niño starts developing in the Northern Hemisphere summer. NASA expects to see the biggest impacts of El Niño in February, March, and April 2024.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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 5 Minutes Read

Navigating India’s future at 76 | Insights from expert panel discussion

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

On the occasion of the 77th Independence Day, the Prime Minister offered a perspective spanning multiple decades, refraining from significant unveilings. Nevertheless, he discussed the current opportunity and emphasized our responsibility, painting a long-term vision for 2047 with the objective of transforming India into a developed nation.

In 2047, the Indian flag is envisioned to symbolise that of a developed country. This perspective, along with the core message, was conveyed by Prime Minister Narendra Modi, who, on Tuesday, marked his 10th consecutive Independence Day address as the nation’s leader.

On the occasion of the 77th Independence Day, the Prime Minister offered a perspective spanning multiple decades, refraining from significant unveilings. Nevertheless, he discussed the current opportunity and emphasized our responsibility, painting a long-term vision for 2047 with the objective of transforming India into a developed nation.

Reflecting on the past nine years of his administration, the Prime Minister discussed each undertaken measure while also outlining his prospective plans. He praised his government’s initiatives aimed at empowering women, addressing environmental concerns, and made assurances about combatting corruption and discontinuing dynastic and appeasement-oriented politics.

Addressing the issue of violence in Manipur, the Prime Minister affirmed India’s support for its people and noted gradual improvements in the state’s situation. In his closing statements, he encouraged Indians to seize the opportunity to dedicate themselves to the nation’s progress and elevate the country to higher achievements.

The speech encompassed a blend of discussing notable policies from the National Democratic Alliance (NDA) administration’s recent years and subtly indicating future directions.

This was exemplified by the mention of inaugurating upcoming infrastructure projects at the current stage of laying foundation stones. Thus, the address touched upon both present accomplishments and prospects, reflecting the NDA’s aspirations for the forthcoming general election.

During a conversation with CNBC-TV18, a group of experienced individuals consisting of SC Garg, who formerly held the position of finance secretary; AK Bhattacharya, the editorial director at Business Standard; and Shailesh Pathak, the secretary-general at the Federation of Indian Chambers of Commerce & Industry (FICCI), Pankaj Mohindroo, Chairman of Indian Cellular and Electronics Association (ICEA) and DK Joshi, Chief Economist at CRISIL, engaged in an in-depth discussion concerning the path that lies ahead. This insightful dialogue involved an extensive exploration of various aspects, providing a comprehensive analysis and insight into the future course of action.

For the entire discussion, watch the accompanying video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
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Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Independence Day 2023 | Empowering Rural Women — here’s how India’s decentralised renewable energy drives financial independence

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Achieving financial independence remains an uphill battle for the rural women. It is hindered by deep-rooted gender norms, limited access to financial services, scarce economic opportunities, along with the drudgery of handling all domestic and family chores. 

As we celebrate India’s 77th Independence Day, it is crucial to reflect on the remarkable journey of the nation and its people, especially in achieving gender equality. In the diverse landscapes of rural India, where dreams face challenges, one inspiring tale stands out—the relentless pursuit of financial independence by rural women for themselves and their families. 

Achieving financial independence remains an uphill battle for these women. It is hindered by deep-rooted gender norms, limited access to financial services, scarce economic opportunities, along with the drudgery of handling all domestic and family chores. 

According to the Global Gender Gap Report of 2022, India ranks 135th out of 146 countries for women’s participation in the workforce and gender equality. This indicates that despite witnessing rapid economic growth, it is essential to recognise the persistence of deep inequalities, particularly in rural regions. 

A research study by McKinsey Global Institute reveals that equal work opportunities for women could boost India’s GDP by 18 percent by 2025, contributing $700 billion to the economy. This underscores the pressing need for targeted interventions and inclusive policies that break down barriers, cultivate an enabling environment, and empower rural women to flourish and prosper.

Decentralised Renewable Energy

The advent of decentralised renewable energy (DRE) innovations has brought about a transformative change, particularly in the lives of rural women across India. DRE-based livelihood technologies are playing a pivotal role in addressing intermittent electricity issues and introducing mechanisation in the rural context, which significantly improves productivity in various sectors. This clean energy-powered technology market holds a substantial $50 billion opportunity in rural India. 

As these innovations continue to gain momentum, they not only empower rural women financially but also contribute to a more inclusive and self-sustaining India.

To pull rural communities towards these innovations, the Indian government has been proactive in enhancing financial inclusion for rural women through various schemes. One such initiative is the Rajasthan Grameen Aajeevika Vikas Parishad (Rajeevika), which provides financial support for women in Rajasthan to purchase DRE appliances, such as solar-powered refrigerators, through subsidies and credit assistance.

Additionally, the JEEViKA program in Bihar has been successful in mobilising nearly 10 million rural women into self-help groups, granting them access to finance and other essential services. Another notable endeavour is the Pradhan Mantri MUDRA Yojana (PMMY), which provides collateral-free loans of up to Rs 10,00,000 to small businesses, including women-led enterprises. The Prime Minister very recently highlighted that nearly 70 percent of these loans have been sanctioned to women entrepreneurs. 

As a result of such concerted efforts, women have established more than 11,862 micro-enterprises, comprising 37 percent of all micro-enterprises under the Ministry of Micro, Small and Medium Enterprises. These schemes have undoubtedly contributed to rural women’s financial independence and their active involvement in India’s progress. Nonetheless, achieving complete gender equality and empowering women in rural areas remains a significant challenge that requires sustained efforts and continued support from both, the government and society.

In conjunction with our government, the entrepreneurial landscape of India also plays a critical role in reshaping livelihood opportunities for rural women. By targeting livelihood activities that can happen in the vicinity of their homes, innovative entrepreneurs have created opportunities that help these women straddle their domestic and professional responsibilities. And, DRE plays a critical role in enabling this.

Startups such as Resham Sutra work with a vision to foster self-sufficiency and financial independence among underprivileged rural textile artisan communities. Their comprehensive solution around solar-powered machines not only promote sustainability but also improve efficiency and profitability in silk reeling, spinning and fabric production. These renewable energy-based rural livelihood-enabling machines have helped more than 15,000 rural women earn better livelihoods, mostly while working from home.

Another notable start-up, Khethworks, specialises in affordable and efficient solar-powered irrigation systems in India. Utilising solar energy, their innovation allows year-round irrigation for small landholdings and enables women farmers to take up horticulture and kitchen garden activities. To date, approximately 1,500 micro solar pumps have been deployed in India.

Moreover, programs like Powering Livelihoods, an initiative by Villgro and The Council on Energy, Environment and Water (CEEW), help to scale these startups’ operations and widen their impact areas. The program supports Rural Experience Centers that showcase DRE innovations, and ‘Pay as you go’ initiatives for inclusive financing. 

As per an analysis by CEEW, 70 percent of women entrepreneurs witness an increase in their annual income while more than 90 percent believe they possess the necessary knowledge and skills to become self-reliant. Based on the significant impact of such programs, the Ministry of New and Renewable Energy (MNRE) is now gearing up to introduce a new scheme to support DRE livelihoods and provide financial stability to rural women and their families.

Amidst the clamour of rural communities demanding higher prices for their produce lies an underlying need for stability in their cash flow, as they have faced challenges due to fluctuating business transactions influenced by market forces and climate change.

Nevertheless, rural women in India are making strides towards financial stability with the support of DRE innovations. Government initiatives, coupled with access to clean energy, enable them to explore entrepreneurial ventures, enhance their skills, and establish market connections. This Independence Day, it is essential to acknowledge the significance of gender equality and inclusivity in unlocking the untapped potential of rural women as crucial contributors to the nation’s progress.

 

The author, Kalyani Krishna, is Manager, Diversity & Inclusion, at Villgro. The views expressed are personal. 

 

 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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DGCA forms panel to suggest ways to ensure gender equality in civil aviation sector

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The Directorate General of Civil Aviation (DGCA) issued an order on August 10, 2023, stating that the objective of this committee is to suggest steps that DGCA should take to bring gender equality to the aviation sector.

Civil aviation regulator DGCA has set up a four-member committee to provide suggestions for achieving gender equality in the aviation sector in India.

The Directorate General of Civil Aviation (DGCA) issued an order on August 10, 2023, stating that the objective of this committee is to suggest steps that DGCA should take to bring gender equality to the aviation sector.

The four senior officers appointed as members of the committee are Survita Saxena, Director (Operations); R P Kashyap, Director (Training); Pavan Malviya, Deputy Director (Administration); and Kavita Singh, Deputy Director (Aircraft Engineering Directorate).

They are supposed to formulate norms and submit them to DGCA which the regulator will further circulate among aviation stakeholders to adopt and bring in practice for gender equality.

“The committee will submit its report/recommendation within six months from the date of its constitution,” the order said.

The initiative is in line with the commitment of International Civil Aviation Organisations (ICAO) which aims to promote participation of women and achieve an aspirational goal of 50-50 (women-men) by 2030 at all professional and higher levels of employment in the global aviation sector.

Also Read: DGCA imposes fine of Rs 30 lakh on IndiGo

Aviation professionals, operators and stakeholders have lauded the constitution of the committee and said the move will help create new opportunities for women in this field.

They said that the Indian aviation sector already has a fair presence of female workers in certain professional categories such as pilots.

Prime Minister Narendra Modi also acknowledged this fact in his address to the nation from the ramport of Lal Quila on the 77th Independence Day when he said that India has the highest number of women pilots in the world.

However, experts said there is still a huge scope to encourage and skill women to join and contribute their role in the business of flying.

Radha Bhatia, Chairperson, Bird Group, who heads the non-profit organisation Women in Aviation India Chapter (WAI), said that promoting gender equality in the aviation industry is undoubtedly crucial.

“It’s essential to prioritize the inclusion of women, even though India boasts the highest percentage of women pilots globally at 15 percent. However, this figure still leaves significant room for improvement. The current representation of women in the pilot community, though noteworthy, falls short of the goal of true equality,” Bhatia told PTI.

She added, “Achieving gender equality requires a collaborative effort from all stakeholders involved. This collective endeavour encompasses airlines, airports, ground handlers, maintenance, repair, and overhaul (MRO) services, as well as support services.

It’s essential to extend this initiative to include immigration processes, Bureau of Civil Aviation Security (BCAS), customs and ATC as women representation is low in these departments.”

Consulting & research firm CAPA – Centre for Aviation, in May 2022, in its report titled ‘Gender Diversity and Corporate Performance in Aviation’ said that the share of women on boards of the top 15 countries is 19 percent in India whereas France has the highest, ie, 49 percent.

Also Read: DGCA renews Jet Airways’ Air Operator’s Certificate for one month

It also said that although female participation in the labour force is relatively low across the world, India lags way behind many other countries.

The report stresses the need to address the supply side to achieve meaningful progress as the legal and institutional framework, designed to provide equal opportunity, access and resources for women, alone can’t help.

Ajay Ahlawat, a retired group captain who served the Indian Air Force for several years before coming into civil aviation, felt that the data related to female participation in various roles in the aviation sector lacks integrity.

“Since there are no mandatory disclosure norms of gender-specific workforce-related data in the aviation industry in India, many aviation companies do not regularly report the strength of the female workforce. Therefore, numbers cited in various journals are based on anecdotal data,” Ahlawat said.

According to him, for the committee of experts to make qualitative recommendations, it would need access to accurate, updated and verifiable data for as of now, a comprehensive study on the women workforce within the aviation industry is lacking.

Bhatia also said, “It’s imperative to gather such data for a more informed approach. The need to encourage gender equality was also emphasised by the prime minister during his recent Independence Day speech. Therefore, data collection is important.

Also Read: Go First submits revival plan to DGCA; proposes to resume operations with 26 aircraft

To address this, all departments should take the initiative to collect this vital information and submit it to the Civil Aviation Ministry which is the nodal agency.”

Despite the challenges, Pulak Sen, founder secretary general, the MRO Association of India, is quite optimistic about the current trend as he said, “I can see more and more women are entering the aviation sector in India and I believe women are a workforce to reckon with in times to come.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Vinesh Phogat pulls out of Asian Games 2023 after injuring her knee in training

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Doctors have recommended her surgery and she will undergo the same in Mumbai on August 17.

Star wrestler Vinesh Phogat has withdrawn from the Asian Games 2023 after injuring her left knee during training on August 13, Sunday. Doctors have recommended her surgery and she will undergo the same in Mumbai on August 17.

Phogat expressed disappointment at being unable to retain the Gold Medal that she had earned in the previous edition of the tournament in 2018. However, she claimed that she has informed of her situation to the concerned authorities immediately so that a reserve player could be sent in her place to the quadrennial competition.

“I wanted to share an extremely sad piece of news. A couple of days ago on 13th August 2023, I injured my left knee in training. After doing the scans and examinations, the doctor has said that unfortunately, surgery is the only option for me to recover,” the 28-year-old wrote on social media.

She added, “I will be undergoing surgery on 17th August in Mumbai. It was my dream to retain my Asian Games Gold medal for India which I won in 2018 at Jakarta. But unfortunately, this injury has ruled out my participation now. I have informed concerned authorities immediately so that the Reserve player can be sent to the Asian Games.”

Also Read: Antim Panghal wins trials, to move to the SC challenging direct entry given to Vinesh Phogat for Asian Games

The grappler reiterated her intention to come back stronger to get her preparations underway for the Olympics 2024 in Paris. She asked her fans and supporters to keep supporting her as it provides her with a lot of strength.

Phogat was the face of the wrestlers’ protest against Wrestling Federation of India (WFI) chief Braj Bhushan Sharan Singh. She was provided an automatic entry to the Asian Games, along with Bajrang Punia, which invited the wrath of teenager Antim Panghal who had won the trials in the 55kg weight category. Panghal will now make it to the Asian Games as she was on standby for Phogat.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?