India recently rejected a billion Chinese dollars in investment. Chinese EV major BYD wanted to invest a billion dollars in India. It even had a local partner lined up, the privately held Hyderabad-based Megha Engineering and Infrastructures. To sweeten the pot, the Chinese also offered to build charging stations across the country, construction of research and development facilities and training centres. But India said no. According to a Business Today report India has said no to 58 FDI proposals from Chinese companies or individuals in last 3 years. Watch the video to find out why.
24 Jul 2023The aim is to prevent India from falling into a vulnerable position with any threat of a supply squeezeAlmost all electric vehicles in the country run on imported batteries, mostly from China
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2 min read23 Nov 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared