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June 10th 2019 PIB:-Download PDF Here
ICAT Releases India’s 1st BS – VI Certificate in Two Wheeler Segment
Context
International Centre for Automotive Technology (ICAT) released India’s first Type Approval Certificate (TAC) for Bharat Stage – VI (BS – VI) norms for the two wheeler segment
Bharat Stage norms
- Bharat Stage norms are the automotive emission norms which the automotive manufacturers have to comply to sell their vehicles in India.
- These norms are applicable to all two wheelers, three wheelers, fourwheelers and construction equipment vehicles.
- To curb growing menace of air pollution through the vehicles emission, the Government of India has decided to leapfrog from the exiting BS – IV norms to the BS- VI,
- Thereby skipping the BS – V norms, and to implement the BS – VI norms with effect from 1st April 2020.
- Only those vehicles will be sold and registered in India from 1st April 2020 onwards, which comply with these norms. The norms are stringent and at par with global standards.
International Centre for Automotive Technology (ICAT)
- ICAT is the premier testing and certification agency authorized by Ministry of Road Transport and Highways for providing testing and certification services to the vehicle and component manufacturers in India and abroad
- It has the latest equipment, facilities and capabilities to develop, validate, test and certify the engines and vehicles for the latest norms in the field of emission and many other facilities like crash lab, NVH lab, EMC lab and test tracks.
Commerce Minister emphasizes on reciprocal market access for Indian goods
Context
Union Minister of Commerce & Industry and Railways, Piyush Goyal, held a series of bilateral talks with a number of countries on the side lines of the two day G20 Ministerial on Trade and Digital Economy in Tsukuba, Ibaraki, Japan.
Takeaways of the meeting
- Minister emphasized the need for reciprocal market access for Indian products.
- He called for de-escalating trade tensions and reviving confidence in the rules based multilateral trading system which all countries had so meticulously created.
- India urges G20 to provide preferential market access to MSMEs in developing countries to be part of the Global supply chains.
- The deliberations on trade, investment and digital economy will feed into the Osaka Summit Declaration.
Shri RK Singh reviews the issues pertaining to Renewable Energy sector
Context
Shri RK Singh, Union Minister of State (IC) for Power and New & Renewable Energy held a meeting to review various issues pertaining to the Renewable Energy (RE) sector.
Takeaways of the meeting
- In the meeting, it was decided that MNRE would follow up with RBI for removal of the priority sector lending limit for RE sector.
- This will encourage the PSBs to lend more for RE projects and help RE developers access easy finance.
- Minister also asked the Banks/Financial Institutes to categorize RE as separate sector different from power sector so that funds would flow to RE projects.
- On the issue of delays in land acquisition for RE projects, the Minister said that SECI will be tying up with State Governments for the land.
- The Minister said that every measure need to be taken to promote manufacturing in RE sector in the country, including corrections of duty structure and approval of a scheme to provide capital subsidy.
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