Tag: Indian

Life after Covid-19: How the Indian automotive sector can be future-ready

The Indian automotive sector was already struggling in FY20. before the Covid-19 crisis. It saw an overall degrowth of nearly 18 per cent. This situation was worsened by the onset of the Covid-19 pandemic and the ongoing lockdowns across India and the rest of the world. These two years (FY20 and FY21) are challenging times for the Indian automotive sector on account of slow economic growth, negative consumer sentiment, BS-VI transition, changes to the axle load norms, liquidity crunch, low capacity utilisation and potential bankruptcies.

Post-Covid-19 world: When will that be?

The return of daily life and manufacturing activity to near normalcy in China and South Korea, along with extended lockdown in India, gives hope for a U-shaped economic recovery. Our analysis indicates that the Indian automotive sector will start to see recovery in the third quarter of FY21. We

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New Mexico Delegation announces transportation grants for Indian tribes

NEW MEXICO (KRQE) – New Mexico tribes will receive $674,279 in grants from the U.S. Department of Transportation to fund tribal public transportation systems for their communities.

U.S. Senators Tom Udall and Martin Heinrich along with U.S. State Representatives Ben Ray Lujan, Deb Haaland and Xochitl Torres Small made the announcement Monday.

The funds are part of the $2 trillion Coronavirus Aid, Relief and Economic Security Act that the New Mexico delegation voted to pass in Congress last week. The grants are part of $2 billion in emergency supplemental funding for federal programs benefiting Indian tribes.

CARES Act also established an $8 billion Tribal Coronavirus Relief Fund to make sure Tribes have “one-stop” access to resources.

“Tribes have made it abundantly clear that the effects of COVID-19 on Indian Country will be devastating if they do not receive necessary public health, economic stabilization, and infrastructure resources. As Tribally-owned and operated

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