SCRAPPING
Own overage vehicle in Delhi? Here is your chance to avail discount up to 20% on purchase of new one
Delhi government plans to incentivize scrapping overage vehicles by offering discounts on motor vehicle tax up to 20%. Owners can receive certificates valid for 3 years to purchase new vehicles. Supreme Court regulations in place for older diesel and petrol vehicles in Delhi.
Metal thieves are stripping America's cities
Los Angeles' 6th Street Bridge, known as the "Ribbon of Light," is now dark at night, and stretches of the busy 405 freeway and dozens of street blocks across the city are also affected. Thieves have been stripping copper wire from thousands of streetlights and selling it to scrap metal recyclers for cash. The blacked-out lights pose safety hazards to drivers and pedestrians and cost cities millions to repair.
Big savings for car buyers: Uttar Pradesh government scraps registration tax on strong hybrid cars
Uttar Pradesh waives hybrid car registration tax, benefiting Maruti, Toyota, and Honda. Customers save Rs 3.5 lakh on strong models like Maruti Grand Vitara, Toyota Hyryder, Innova Hycross, and Honda City hybrid. EV exemptions announced last year with a five-year in-state benefit.
Steel body wants merger of three Companies with SAIL for synergy
The Steel Executives Federation of India (SEFI) has proposed merging state-run Rashtriya Ispat Nigam Limited (RINL), Ferro Scrap Nigam Limited (FSNL), and Nagarnar steel plant with Steel Authority of India Limited (SAIL) to create a stronger public sector entity. It emphasised the potential benefits in achieving capacity expansion targets and addressing resource challenges faced by the individual firms, while questioning the wisdom of FSNL disinvestment.
UK-based IT firm Noventiq scraps SPAC deal to list on Nasdaq
London-headquartered information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their blank-check deal, the companies said on Thursday. The two last year struck a SPAC deal that would have resulted in the combined company being publicly listed on U.S. exchange Nasdaq.
Future Enterprises' creditors scrap simultaneous vote for its assets
Creditors had divided FEL's assets into three clusters - insurance, textile businesses, and other residual stakes including its investments in a manufacturing unit each at Tarapur-Palghar in Maharashtra and Mahadevapura-Bengaluru in Karnataka. Central Bank had emerged the highest bidder for the insurance business, while metals company Orissa Metaliks had pipped Mumbai-based financial services firm Uniworth Finlease with a ₹75 crore offer for the manufacturing units.
Unanimous assembly resolution by Tamil Nadu to scrap NEET
The Tamil Nadu assembly passed a resolution against the National Eligibility-cum-Entrance Test, urging the Union government to scrap it. The resolution called for state governments to allow medical admissions based on class 12 marks, as before NEET was introduced. The resolution also urged the Union government to approve a 2022 bill seeking exemption from NEET for state students.
Tamil Nadu Assembly passes resolution to scrap NEET amid controversy
The Tamil Nadu Assembly unanimously passed a resolution urging the union government to scrap the National Eligibility and Entrance Test (NEET) and allow state governments to conduct medical admissions based on class 12 marks. This resolution, introduced by Chief Minister MK Stalin, follows uproar over a paper leak in the NEET-UG 2024 exam and the postponement of NEET-PG 2024. Regional parties like Manithaneya Makkal Katchi, Marumalarchi Dravida Munnetra Kazhagam, Tamilaga Vettri Kazhagam, and the Communist Party of India (Marxist) supported the resolution.
US proposes plan to scrap additional security checks for Indians at transit points
US and India collaborate to enhance aviation safety through streamlined security processes, improved passenger flow, and ongoing information exchange. The one-stop security concept offers benefits like enhanced safety, reduced costs, and shorter connection times, emphasizing proactive risk mitigation and continuous safety improvements.
China wants EU to scrap EV tariffs on EVs by July 4
Beijing urges the European Union to revoke its preliminary tariffs on Chinese electric vehicles (EVs) by July 4, as reported by China's state-controlled Global Times. The EU plans to impose provisional duties of up to 38.1% on Chinese-made EVs while investigating alleged excessive and unfair subsidies to Chinese EV makers. China is willing to negotiate to avoid another tariff war, reminiscent of U.S. tariffs imposed during the Trump administration, but will protect its firms if necessary.
NEET row: "National Testing Agency should be scrapped," says Sitaram Yechury
A vacation bench of Justices Vikram Nath and SVN Bhatti of the apex court has tagged the fresh pleas along with pending petitions and posted them for hearing on July 8. On Thursday, the top court issued a notice on a plea filed by the NTA seeking the transfer of petitions relating to the NEET-UG, 2024 examination from the High Courts to the apex court.
Congress: Nothing short of scrapping Agniveer scheme will do
The Opposition party hardening its stand, incidentally with an eye on the upcoming assembly polls in Haryana and Maharashtra, coincides with reports about deliberations within the government to review and modify the scheme.
Scrap NEET, allow states to conduct entrance tests: Karnataka Deputy CM Shivakumar
The NTA has come under criticism amid allegations of irregularities and inflation of marks in the medical entrance exam. To a question regarding city civic body Bruhat Bengaluru Mahanagara Palike (BBMP) polls, Shivakumar, who is also the state Congress chief said elections will be announced soon and there is a need to prepare the party for that.
Govt decides to scrap grace marks given to 1,563 NEET-UG candidates; SC informed
It said these candidates will be given the opportunity to take a re-test. If any of them choose not to take the re-test, then their earlier score, without the grace marks, will be counted. This means that the candidates who got less than the allotted time to write the NEET-UG 2024 for admission into medical colleges will have the option to retake the exam or forego grace marks awarded earlier for suffering a loss of time.
Don't scrap, review Agnipath: JDU
Amid NDA's government formation efforts, JDU demanded a review of the Agnipath scheme for Indian armed forces. JDU cited concerns among youth, while also advocating for a caste census at the national level. The party supports BJP's Uniform Civil Code proposal but stresses the need for consultation with all stakeholders. JDU continues to push for special status for Bihar despite being a part of the NDA coalition.
2,500 job cuts! Layoffs in Tata Steel's UK operations inevitable, says CEO Narendran
Tata Steel's transition to low-emission electric arc furnace process at its UK operations will lead to the loss of around 2,500 jobs. The move, part of a decarbonization plan, aims to reduce production costs and cut CO2 emissions. Worker unions are protesting against the job cuts, which are seen as inevitable.
Ztech India IPO opens on May 29. Check price band, GMP and other details
Ztech India IPO opens on May 29 with a price band of Rs 104-110 per share. The company aims to raise Rs. 37.30 crore from a fresh issue of 33,91,200 equity shares.
India's gold imports seen falling as record price prompts jewellery swaps
India's gold imports in 2024 may plummet by nearly 20% from the previous year due to record high prices driving consumers to swap old jewellery for new, according to the India Bullion and Jewellers Association. Rising prices have shifted buyers towards exchanging old ornaments, impacting jewellery demand more than investments.
Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car
How to scrap an old car: Several states in India are offering discounts of up to 25% on personal vehicle prices or road taxes for customers who scrap their old vehicles and buy a new one. The government's Voluntary Vehicle Fleet Modernization Program aims to get rid of old and unfit vehicles that cause pollution and harm the environment. Different age criteria apply to commercial and private vehicles, and it is mandatory for states to promote the scrapping of old vehicles.
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