India thinking big and moving big on energy: US Prof to Congress
The Dollar Business Bureau To catch up rapidly in development, India is “thinking big and moving big” as the country lags behind its neighbour China, by providing huge opportunities to a nation like the US, a University of Maryland Professor told the American lawmakers. “India is moving quite quickly in a number of areas as well, again, on renewable energy, which is a kind of golden thread running through this hearing. India is thinking big and moving big,” said Robert Orr, Professor and Dean, University of Maryland, School of Public Policy, at a Congressional hearing. Replying to a question, he said that India has big goals on wind and solar. The country is not only meeting them but also surpassing them. These areas ...
Volkswagen reaches settlement with 10 US states on its emissions scandal
The Dollar Business Bureau The German automaker Volkswagen has agreed to pay $157.5 million to 10 US states for violating emissions standards. Speaking to the media, a spokesperson of the company said that his company has reached a settlement on Thursday with the representatives of Massachusetts, Virginia, New York and other seven states on this matter avoiding further prolonged and expensive litigation. In its press statement, the company said, "The agreement avoids further prolonged and costly litigation as Volkswagen continues to work to earn back the trust of its customers, regulators and the public.” So far the company has agreed to pay out more than $20 billion to state and federal authorities, auto dealers and consumers to avoid criminal penalties in its bid ...
Every village should be connected with a road: FM
The Dollar Business Bureau India’s Minister of finance, Arun Jaitley on Monday discussed about the Indian economy at a function hosted by the Asia Society in New York. Speaking on the topic, on "Made in India: The New Deal, he commented on the global economy situation and said, " “it is grim and worrisome and what will be the state of play a year or two years from now, I don't think anybody has been able for sure to hazard even a significant guess.” Jaitley also shared the Indian government’s strategy pertaining to road and highways before senior officials of the US Govt. “Almost 233 highways are under construction and that will only indicate the magnitude of the economic activity, we already reached about 20-21 km a ...
China Shipping container reaches Mumbai Port for the first time
The Dollar Business Bureau The traditional Plaque being handed by Mr. Raymond Samervel, Director Commercial, China Shipping India Pvt Ltd and his team to Master of H.S.Paris HS Paris, part of the China Shipping Containers reached APM Terminals, Mumbai for the first time on March 20, 2015. The maiden call was made as part of the Middle East-Indian Subcontinent-North America (MINA) Service, jointly operated by the United Arab Shipping Company, Hanjin Shipping, CMA CGM and China Shipping. The 6,500 TEU capacity HS Paris completed 1,292 import and export moves in approximately 12 hours, for a berth productivity of 106 moves per hour. The MINA Service operates on fixed-day weekly sailing linking Khor Fakkan, Jebel Ali, Port Qasim, Nhava Sheva (APM Terminals ...
