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Govt will respond to automobile industry’s demand, says FM Sitharaman Car companies’ demand for a tax cut will be decided at the GST Council’s meeting in Goa on September 20, says the finance minister. Current Affairs :- The administration will react to the requests of the car business, said Finance serve Nirmala Sitharaman on Tuesday as the segment detailed the tenth straight month decrease in traveler vehicle deals. Organizations have requested a cut in Goods and Services Tax rates on autos, which have the most noteworthy assessment pace of 28%, yet Sitharaman said the GST Council will choose the issue at its gathering in Goa on September 20. “We are working with every one of the parts the nation over to comprehend the issue and taking measures moreover. This administration tune in to everybody and we are additionally taking measures. Two noteworthy declarations were made in August and September and two increasingly expected,” Sitaraman said in Chennai. “We are cogni...

The big obstacle on global auto industry’s road to an electric future Cutting the cost of batteries is arguably the industry’s most urgent challenge Technology :- The lithium-particle battery is a complex modern item, not simply one more segment in the shopper hardware production network. This badly designed truth is a noteworthy impediment on the worldwide vehicle industry’s street to an electric future. Cutting the expense of batteries is ostensibly the business’ most pressing test. They represent an enormous lump of the expense of an electric vehicle—somewhere in the range of 35% and 45%, as indicated by McKinsey. Except if costs fall, most customers will keep on inclining toward less expensive customarily controlled vehicles and makers won’t hit severe carbon-discharges targets set by the European Union and China—two of the world’s enormous three auto markets. This will trigger devastating fines. In the U.S.— the third greatest market—President Trump is attempting to...