Fri, Nov 12, 2021 12:17 PM
Passenger vehicle dispatches declines due to semiconductor shortage
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The World Bank Group has announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. The strategy to reach 1.5 billion people is focused on three core elements: Expanding focus from maternal and child health to include coverage throughout a person's lifetime, including non-communicable diseases.
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India is currently witnessing remarkable wealth creation driven by a confluence of factors such as economic growth, technological expertise, government initiatives, infrastructure development, and geopolitical advantage. As per Knight Frank's 'The Wealth Report 2023,' India is projected to see a substantial increase in its ultra-high-net-worth individuals (UHNWI).
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The Indian government expects meeting 50 percent domestic value-addition (DVA) within less than three years through Tesla Inc’s vehicles alone, a senior official said on April 19. The policy for electric vehicles (EVs) mandates 50 percent domestic value-addition within 5 years at the maximum, to qualify for the lower import duty rate of 15 percent.
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