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- Hero And Zero Join Hands – New Premium Electric Motorcycles
Hero MotoCorp, the world's largest motorcycle manufacturer, and Zero Motorcycles, a California-based premium electric motorcycle and powertrain manufacturer, have announced their collaboration to develop new premium electric motorcycles. This partnership is significant for Hero MotoCorp's electric mobility outreach and aims to transform the EV riding experience and accelerate the transition to electric mobility in India and other global markets. Hero MotoCorp has been expanding its brand growth and moving towards new segments, which is a departure from its reputation as a trusted mass market motorcycle manufacturer. The company is currently evaluating a 421cc engine for its Xpulse 420cc product lineup. On the other hand, Zero Motorcycles is known for its expertise in developing powertrains and electric motorcycles. The collaboration between the two companies will streamline processes and save essential time to help get into a segment/space as an early mover, particularly in the premium electric motorcycle segment. Hero Motocorp's current EV market strengths are focused on the VIDA brand. The company has launched its first EV, VIDA V1 scooter, and public charging infrastructure in Bengaluru, Delhi, and Jaipur. About 300 charging points are set up for public use. In September 2022, Hero MotoCorp's board approved an equity investment of up to US$60 million in Zero Motorcycles. This investment highlights the importance of this collaboration and underscores the companies' commitment to advancing electric mobility and transforming the riding experience. Zero Motorcycles' technology combined with traditional motorcycle design will keep the riding experience at the forefront of design synergies. Hero MotoCorp is committed to introducing remarkable, innovative products that offer exceptional value and performance-based fun in riding. The collaboration between the two companies is a significant milestone for sustainable clean technology in the mobility space. Zero Motorcycles will accelerate the transition to electric mobility in India and other global markets where Hero does business. The scope of this collaboration aligns with Hero's goals of improved exports in existing and new markets. Pawan Munjal, Chairman & CEO, Hero MotoCorp, said, "Our partnership with Zero Motorcycles is a significant milestone in our journey towards ushering in an era of sustainable clean technology in the mobility space. With Zero as our partner, we look forward to accelerating the transition of electric mobility in India and across our global markets."
- India is ‘dangerously close’ to Hindu rate of growth, says Raghuram Rajan
Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4%. ormer Reserve Bank of India governor Raghuram Rajan. File | Photo Credit: B. Velankanni Raj Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high-interest rates, and slowing global growth. Mr. Rajan said that the sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4%. The term was coined by Raj Krishna, an Indian economist, in 1978 to describe slow growth. The Gross Domestic Product (GDP) in the third quarter (October-December) of the current fiscal slowed to 4.4% from 6.3% in the second quarter (July-September) and 13.2% in the first quarter (April-June). The growth in the third quarter of the previous financial year was 5.2%. "Of course, the optimists will point to the upward revisions in past GDP numbers, but I am worried about the sequential slowdown. With the private sector unwilling to invest, the RBI still hiking rates, and global growth likely to slow later in the year, I am not sure where we find additional growth momentum," Mr. Rajan said in an email interview with PTI. Recently, Chief Economic Advisor V Anantha Nageswaran attributed the subdued quarterly growth to the upward revision of estimates of national income for the past years. The key question is what Indian growth will be in fiscal 2023-24, Mr. Rajan said, adding "I am worried that earlier we would be lucky if we hit 5% growth. The latest October-December Indian GDP numbers (4.4% on year ago and 1% relative to the previous quarter) suggest slowing growth from the heady numbers in the first half of the year. "My fears were not misplaced. The RBI projects an even lower 4.2% for the last quarter of this fiscal. At this point, the average annual growth of the October-December quarter relative to the similar pre-pandemic quarter 3 years ago is 3.7%. "This is dangerously close to our old Hindu rate of growth! We must do better." The government, he said, was doing its bit on infrastructure investment but its manufacturing thrust is yet to pay dividends. The bright spot services, he said, adding "it seems less central to government efforts." On a query regarding the production-linked incentive (PLI) scheme, Mr. Rajan said any scheme in which the government pours money will create jobs and any scheme which elevates tariffs on output while offering bonuses for final units produced in India will create production in India, and exports. "A sensible evaluation would ask how many jobs are being created and at what price per job. By the government's own statistics, 15 percent of the proposed investment has come in but only 3 percent of the predicted jobs have been created. This does not sound like success, at least not yet," Mr. Rajan said. Despite India's economic growth, few jobs and meager pay for urban youth Furthermore, even if the scheme fully meets the government's expectations over the next few years, it will create only 0.6 crore jobs, a small dent in the jobs India needs over the same period, the former RBI Governor said.
- India in the Next Decade: Overcoming Challenges in Population, Agriculture, Healthcare, Environment
India is a country with vast diversity and a rich cultural heritage. The nation has undergone remarkable transformation over the last few decades and emerged as one of the fastest-growing economies in the world. However, as India enters the next decade, there are several significant challenges that the country will have to face. In this essay, we will discuss some of the upcoming challenges that India is likely to encounter in the next decade. Firstly, India's population is growing rapidly, and the country is expected to surpass China as the most populous nation in the world by 2027. This population explosion poses a significant challenge to the country as it puts pressure on resources such as water, food, and land. The government will have to take measures to manage this growth and ensure that the population does not become a burden on the economy. Secondly, the Indian economy is still largely dependent on agriculture, which employs around 50% of the population. The sector faces various challenges such as low productivity, lack of modernization, and limited access to finance and technology. In the next decade, India will have to focus on transforming the agriculture sector by promoting sustainable practices, investing in infrastructure, and providing better access to credit and technology. The government has already launched several initiatives such as the Pradhan Mantri Fasal Bima Yojana and the Pradhan Mantri Krishi Sinchai Yojana to address some of these challenges. Thirdly, India's healthcare system is inadequate to meet the needs of the growing population. The COVID-19 pandemic has exposed the weaknesses in the healthcare system, and the government needs to take urgent measures to strengthen it. The country needs to invest more in healthcare infrastructure, expand access to quality healthcare, and improve healthcare financing. Fourthly, India is facing an environmental crisis, and the country needs to take urgent steps to address this challenge. Pollution, deforestation, and climate change are some of the major environmental challenges facing the country. The government needs to take steps to reduce pollution levels, promote renewable energy, and conserve natural resources. Fifthly, India faces several social challenges such as poverty, inequality, and discrimination. The government needs to take steps to reduce poverty levels, promote social equality, and eradicate discrimination based on gender, caste, and religion. The government has already launched several initiatives such as the Swachh Bharat Abhiyan and the Beti Bachao Beti Padhao Yojana to address some of these challenges. Finally, India needs to focus on developing its infrastructure to support economic growth. The country needs to invest in transportation, power, and communication infrastructure to support businesses and attract foreign investment. The government has already launched several initiatives such as the Bharatmala Pariyojana and the Sagarmala Project to address some of these challenges. In conclusion, India is facing several significant challenges in the next decade, and the government needs to take urgent steps to address them. The government needs to focus on transforming the agriculture sector, strengthening the healthcare system, addressing environmental challenges, promoting social equality, and developing infrastructure to support economic growth. By addressing these challenges, India can emerge as a strong and prosperous nation in the coming years.
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Latest News 12 Mar 2023 PhD not Mandatory for Assistant Professors Posts in Universities: UGC Chairperson A major relief has been granted by the University Grants Commission (UGC) to aspirants who want to become Assistant Professors. The condition of holding a PhD degree at the time of recruitment has been removed. The decision is being taken so that professionals who do not have PhDs can be appointed as assistant professors across universities in India. Read More 7 Mar 2023 Cybersecurity Trends & Statistics For 2023: More Treachery And Risk Ahead As Attack Surface And Hacker Capabilities Grow International Data Corporation (IDC) says AI in the cybersecurity market is growing at a CAGR of 23.6% and will reach a market value of $46.3 billion in 2027 Read More 7 Mar 2023 Foxconn pledges to work with Karnataka to take "Project Elephant" in Bengaluru forward In a two-page letter to Chief Minister Basavaraj Bommai, Foxconn chairman Young Liu said he will "ensure successful grounding of the "Project Elephant" in Bengaluru," seeking to clear any air of confusion created by the company's earlier statement that Friday's agreement was not "definitive" in nature. Read More 6 Mar 2023 Apple’s Lisa Jackson: Indian govt’s commitment to energy is like a wind at our back Lisa Jackson: "We are in year three of a 10-year goal. I'm really proud of the fact that we have seen carbon emissions continue to decrease across the company, except for the last environment report where carbon emissions actually stayed the same." Read More 24 Feb 2023 A Study on Worldwide loss of Life and Economy during the Covid-19 Covid-19 pandemic has been a significant global crisis, affecting millions of people and causing significant loss of life and economic damage. While progress has been made in terms of vaccination efforts and controlling the spread of the virus, it will likely take years for the world to fully recover from the impact of the pandemic. Read More 6 Feb 2023 Gadget review: release of new Airy Pods Airy Pods, a new wireless earbud that has gained a lot of attention in the market. The Airy Pods offer advanced noise-cancelling technology, long battery life, and a sleek and compact design that make them perfect for on-the-go use. They also offer a stable and reliable connection to a wide range of devices via Bluetooth. Early reviews suggest that the Airy Pods are a top choice for anyone looking for high-quality audio and convenience in their earbuds. Read More 1 Feb 2023 How technology can help curb attention disorders The use of technology offers a range of solutions to help curb attention disorders such as ADHD and ADD. This includes the use of specialized apps and software, wearable devices, virtual reality technology, and assistive technologies such as text-to-speech and speech-to-text software. These tools can help individuals improve their focus, concentration, and overall quality of life. Read More 17 Jan 2023 5 Most Promising Fintech Startups of Present Time Unveiled The financial industry is being revolutionized by innovative fintech startups providing efficient financial solutions.Stripe, Plaid, Brex, Robinhood, and Lemonade are the top 5 most promising fintech startups of the present time. Read More 10 Jan 2023 Entering a new era of IoT The Internet of Things (IoT) is entering a new era with the integration of AI and machine learning, the rise of 5G technology, increased focus on cybersecurity, and growth of edge computing. This will result in more sophisticated, connected, and secure devices that offer more efficient and personalized experiences for users. Read More 1 Jan 2023 Best smart wearables of 2023 "Revolutionize Your Health and Fitness with These Top Smart Wearables of 2023, Upgrade Your Style and Functionality with Experiencing Cutting-Edge Technology " Read More 14 Oct 2022 World Officials Taking Initiative for Long-term Benefits of Clean Energy Sources World officials have taken a major step towards a sustainable future by committing to the long-term benefits of clean energy sources. At a recent global conference, leaders pledged to increase investment in renewable energy, reduce carbon emissions, and promote sustainable development. This marks a significant shift towards a more sustainable and environmentally-friendly future, and there is hope that a brighter, cleaner, and more sustainable future is within reach. Read More