01 May -International Labour Day

EVs will make up 30% of Indian auto sales in 2030: IEA

  • EV deployment in India will be achieved through the electrification of two/three-wheelers.
  • EVs in sales in India could scale up to almost 50 per cent in 2030 across all road vehicle modes.

RBI joins network for 'greening the financial system'.

  • RBI has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a member.
  • Green finance assumed significance in the context of climate change.
  • RBI expects to benefit from the membership of NGFS by learning from and contributing to global efforts on green finance.

Apple announces $200 mn Restore Fund to reduce carbon.

  • Apple’s $200 million fund aims to remove at least 1 million metric tons of carbon dioxide annually from the atmosphere.
  • This is equivalent to the amount of fuel used by more than 200,000 passenger vehicles.
  • This can help increase investment in forest restoration while demonstrating a viable financial model.

UK becomes first country to announce regulation of use of self-driving vehicles at slow speeds on motorways.

  • It is working on specific wording to update the country's highway code for the safe use of self-driving vehicle systems.
  • The use of ALKS would be restricted to motorways at speeds under 60 km per hour.

Niraj Bajaj appointed new Chairman of Bajaj Auto as Rahul Bajaj resigns.

  • Rahul Bajaj had taken charge of the Bajaj group in 1965 when India was still a closed economy.
  • He led the company, known for its Bajaj Chetak scooters from strength to strength.

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