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EquityPandit

EquityPandit
INDIA

Over 70 Years, India-Japan Ties Deepen in Various Fields: PM Modi

On the occasion of the 70th anniversary of establishing diplomatic relations between India and Japan, Indian Prime Minister Narendra Modi said on Thursday that the relationship between the two countries has been deepening in various fields such as strategy, economy, and people-to-people and cultural engagement.


Prime Minister Fumio Kishida recently visited India for an annual summit to develop a roadmap for deepening the two countries’ special strategic and global partnership in a post-coronavirus world, Modi said on Twitter, adding that he looked forward to continuing his partnership with Fumio Kishida. Collaborate to do this.


“Today, we celebrate the 70th anniversary of establishing diplomatic relations between India and Japan. I am delighted to see that our relationship has deepened in various fields, including strategic, economic, and people-to-people exchanges,” he said. According to the Ministry of Foreign Affairs, India and Japan established diplomatic relations on April 28, 1952.

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INDIA

GPS to Replace FASTag? Pay Tolls by the Mile

Dhruva Kulkarni

The Indian government is set to roll out a new toll collection system to replace FASTag and physical toll booths with GPS-based technology.

Road Transport and Highways Minister Nitin Gadkari said a new toll policy will be announced within 15 days, with implementation expected to begin in May.

Under this system, toll charges will be automatically deducted from vehicle owners’ bank accounts based on the distance travelled. The technology will use satellite tracking and number plate recognition to calculate tolls, aiming to cut costs, remove toll booths, and reduce traffic delays.

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The government plans to use GNSS to monitor vehicle movement and ANPR cameras to verify number plates. This marks a shift away from FASTag, which has been in use since 2016.

The change comes as toll plazas have become expensive and congested. The new system is expected to bring transparency, curb fraud, and ensure fair tolling based on actual road usage.

Gadkari also gave an update on the long-delayed Mumbai-Goa highway, saying it will be completed by June. He acknowledged that legal issues and disputes had slowed progress, but that work is now moving swiftly. Once complete, the highway is expected to boost travel and development in the Konkan region.

He added that projects like the Delhi-Jaipur and Mumbai-Goa highways remain challenging but expressed confidence that India’s road network will surpass that of the US in the next two years.

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ECONOMYINDIA

India’s Trade Deficit Rebounds to $21.5 Bn in March After 3-Year Low

Dhruva Kulkarni

India’s merchandise trade deficit widened sharply to $21.54 billion in March, reversing the relief seen in February when it had narrowed to a three-year low of $14.05 billion.

The spike came as imports surged to $64.51 billion from $50.96 billion in February, outpacing the rise in exports, which increased to $41.97 billion from $36.91 billion.

For the full financial year 2024-25, merchandise exports remained largely flat at $437.42 billion. However, non-petroleum exports reached a record high of $374 billion, growing 6% over the previous year. The Commerce Ministry also estimates overall exports for FY25 to be $820 billion, which could be the highest ever.

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On the import front, all major categories saw growth except coal and briquettes. Key increases were seen in petroleum products at $185.78 billion, electronics at $98.73 billion, gold at $58.01 billion, and machinery at $53.55 billion.

Meanwhile, strong export growth was recorded in electronics, garments, tea, plastics, pharmaceuticals, engineering goods, and key agricultural items like coffee, rice, and tobacco.

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INDIA

BMC uses emergency powers as lakes drop to 31% and tanker strike hits water supply

Dhruva Kulkarni

Mumbai is facing a water crisis, with its reservoirs at just 31% capacity due to low lake levels and a water tanker strike.

The Brihanmumbai Municipal Corporation (BMC) has invoked emergency powers to manage water tanker operations during the strike.

Mumbai’s total water stock has dropped to 5.67 lakh million litres, significantly lower than last year’s 9 lakh million litres.

The city’s daily water usage is 3,850 million litres, and current supplies will last only 45 days if no rain or alternative arrangements are made.

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Smaller lakes are at higher capacity but contribute less, while major lakes like Modaksagar and Bhatsa run low, risking supply cuts.

The ongoing tanker strike, caused by stricter borewell regulations, is worsening the situation, affecting water delivery to homes and construction sites.

BMC has deployed teams to manage seized tankers and is encouraging water conservation to help avoid further shortages.

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INDIA

PM Modi Launches 44 Projects Worth Rs 3,880 Crore in Varanasi on 50th Visit

Dhruva Kulkarni

PM Modi inaugurated and laid the foundation stones of 44 projects worth Rs 3,880 crore during his 50th visit to Varanasi.

The projects include rural development initiatives such as 130 drinking water projects, 100 new Anganwadi centres, 356 libraries, a polytechnic college in Pindra, and a government degree college.

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Governor Anandiben Patel and CM Yogi Adityanath were present at the event. Key projects included a transit hostel, police barracks, four rural roads, beautification works, and railway development. Modi highlighted Kashi’s transformation, calling it ancient and progressive, and noted its rise as a health capital.

Of the 44 projects, 25 worth Rs 2,250 crore focused on electricity infrastructure, including 15 new substations, transformers, and 1,500 km of power lines. Security was tight, with 4,000 personnel deployed, rooftop surveillance, CCTV, drone monitoring, and strict security protocols for officers.

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AUTOINDIA

Audi Sets Up 6,500 EV Chargers in India, 75% Are Fast Chargers

Dhruva Kulkarni

Audi India announced on Thursday that it has set up over 6,500 EV charging points nationwide as part of Phase II of its ‘Charge My Audi’ initiative.

Over 75% of these chargers are DC fast-charging stations aimed at reducing charging times and enhancing convenience for EV users.

The expansion added 5,500 new chargers across highways, urban hubs, and commercial areas, ensuring seamless long-distance travel and daily commutes. Audi India has partnered with 16 new EV infrastructure providers to strengthen its network.

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Audi India Head Balbir Singh Dhillon highlighted the importance of a strong charging network in accelerating EV adoption and improving customer accessibility.

The initiative is supported by ChargePoint Operators, including Shell India, Adani Total Energies E-Mobility, Charge Zone, and Statiq.

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