Indian Railways eyes 20% share in automobile transportation by 2021-22



a train traveling down train tracks near a forest: Indian Railways eyes 20% share in automobile transportation by 2021-22


© PTI
Indian Railways eyes 20% share in automobile transportation by 2021-22

Aiming to achieve a modal share of 20 percent by the end of 2021-22 and 30 percent by 2023-24 in transportation of automobiles, Union Minister for Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Piyush Goyal has met the automobile industry leaders, Society of Indian Automobile Manufacturers (SIAM) and others. The minister asked them to partner with Indian Railways to facilitate transportation of automobiles.

At the meeting, Goyal highlighted the government’s steps to facilitate automobile loading in the railways. In the past six months, amid the COVID-19 lockdown, Indian Railways has loaded 836 rakes of automobiles against 731 rakes in the previous year.

Automobile sales may fall 20-25% this fiscal: Ind-Ra.

While in 2013-14, the total loading of automobiles through the railways was only 429 rakes, which increased to 1,595 rakes in 2019-20.

Here are

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Brazil’s Car Wash Corruption Probe Eyes Petrobras Bunker Fuel Deals | Investing News

By Ana Mano and Gram Slattery

SAO PAULO/RIO DE JANEIRO (Reuters) – Brazilian police on Wednesday expanded the Car Wash corruption investigation to alleged kickbacks valued at $8 million on contracts for bunker fuel bought by state-run oil company Petroleo Brasileiro SA for its fleet of tankers.

A police statement said searches were carried out in Rio de Janeiro as part of the investigation, which is targeting unnamed Petrobras officials for their role in the transactions, which were allegedly carried out between 2009 and 2018.

The head of Brazil’s “Car Wash” prosecution unit, Alessandro Oliveira, said authorities were looking into transactions in Brazil and Singapore.

The statement indicates that a long-running probe into Petrobras’ dealings with some of the world’s largest commodity trading firms – including Vitol, Glencore, and Trafigura – is expanding geographically. Until now, the probe has been largely focused on Petrobras’ Houston operations.

In a statement to

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Brazil’s Car Wash corruption probe eyes Petrobras bunker fuel deals

By Ana Mano and Gram Slattery

SAO PAULO/RIO DE JANEIRO, Oct 7 (Reuters)Brazilian police on Wednesday expanded the Car Wash corruption investigation to alleged kickbacks valued at $8 million on contracts for bunker fuel bought by state-run oil company Petroleo Brasileiro SA PETR4.SA for its fleet of tankers.

A police statement said searches were carried out in Rio de Janeiro as part of the investigation, which is targeting unnamed Petrobras officials for their role in the transactions, which were allegedly carried out between 2009 and 2018.

The head of Brazil’s “Car Wash” prosecution unit, Alessandro Oliveira, said authorities were looking into transactions in Brazil and Singapore.

The statement indicates that a long-running probe into Petrobras’ dealings with some of the world’s largest commodity trading firms – including Vitol, Glencore, and Trafigura – is expanding geographically. Until now, the probe has been largely focused on Petrobras’ Houston operations.

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Brazil’s Car Wash corruption probe eyes Petrobras bunker fuel contracts

SAO PAULO, Oct 7 (Reuters)Brazilian police on Wednesday expanded the Car Wash corruption investigation to alleged kickbacks valued at $8 million on contracts for bunker fuel bought by state-run oil company Petroleo Brasileiro SA BRDT3.SA for its fleet of tankers.

A police statement said searches were carried out in Rio de Janeiro in the investigation, which targets unnamed Petrobras officials for transactions between 2009 and 2013 based on information obtained in plea bargain deals with defendants.

The head of the Car Wash prosecutors team based in Curitiba, Alessandro Oliveira, said the new investigation has detected initial estimated losses of $8 million in graft.

He said prosecutors were looking into transactions in Brazil and the port of Singapore.

Car Wash, or Lava Jato, began in 2014 with the arrest of a currency dealer and mushroomed into Brazl’s biggest ever graft scandal mainly involving Petrobras contracts in which some 200

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Brazil’s Car Wash corruption probe eyes Petrobras bunker …

SAO PAULO, Oct 7 (Reuters) – Brazilian police on Wednesday expanded the Car Wash corruption investigation to alleged kickbacks valued at $8 million on contracts for bunker fuel bought by state-run oil company Petroleo Brasileiro SA for its fleet of tankers.

A police statement said searches were carried out in Rio de Janeiro in the investigation, which targets unnamed Petrobras officials for transactions between 2009 and 2013 based on information obtained in plea bargain deals with defendants.

The head of the Car Wash prosecutors team based in Curitiba, Alessandro Oliveira, said the new investigation has detected initial estimated losses of $8 million in graft.

He said prosecutors were looking into transactions in Brazil and the port of Singapore.

Car Wash, or Lava Jato, began in 2014 with the arrest of a currency dealer and mushroomed into Brazl’s biggest ever graft scandal mainly involving Petrobras contracts in which some 200 businessmen,

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Volkswagen eyes 90% electric car sales in Norway next year

OSLO (Reuters) – Electric cars will likely make up 90% of Volkswagen AG’s <VOWG_p.DE> sales in Norway next year and could completely replace diesel and petrol engines in the Nordic country by 2023, the German auto maker’s local importer said on Wednesday.

With a 2025 goal of becoming the first country to end the sale of fossil-fueled cars, oil-producer Norway exempts battery-powered vehicles from taxes imposed on petrol and diesel engines.

The policy has turned the country’s car market into a laboratory for global auto makers seeking a path to a future without internal combusion engines, vaulting new brands and models to the top of bestseller lists in recent years.

A record 61.5% of new cars sold in Norway last month were powered by fully electric engines, registration data showed, up from 42.4% for 2019 as a whole.

The debut last month of Volkswagen’s highly anticipated ID.3 model vaulted it

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East Germany through its filmmakers’ eyes

BERLIN (AP) — As John F. Kennedy peered over the Berlin Wall into communist East Germany in 1963, red curtains blocked the U.S. president’s view through the Brandenburg Gate and a banner perched in front of it accused the United States of breaking an international agreement “to prevent the rebirth of German militarism.”

A western newsreel documented the crowds cheering Kennedy on the western side as well as the East German stunt, the narrator noting that Kennedy didn’t get a good look at the gate, because “the Iron Curtain was supplemented by a giant cloth one, as the Communists made sure he saw their propaganda.”

That might have been the final word on the visit, were it not for a new project, 30 years after Germany’s reunification, to digitize thousands of East German newsreels. The movies being scanned, transcribed and posted online provide a perspective from inside a country that

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Chinese EV maker Nio launches battery leasing service, eyes global market

BEIJING/SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Nio Inc NIO.N has launched a battery leasing service that will allow drivers to buy an EV without owning the battery pack – one of the most expensive EV components – thereby lowering the starting price of its cars.

The service, called “battery as a service” (BaaS), entails drivers paying a monthly rental fee for use of the batteries.

The cheapest Nio car after subsidies is now an ES6 sport-utility vehicle (SUV) priced 273,600 yuan ($39,553) without ownership of the battery pack, versus 343,600 yuan including the pack.

“We believe with BaaS, more customers of gasoline cars will consider electric vehicles,” Nio’s chief executive William Li told reporters.

Nio operates 143 battery-swapping stations around China, where drivers can swap spent battery packs for fully charged replacements. Li said Nio was building a new battery-swapping station in China every week and planned to

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