Electric 2W makers asked to return Rs 500 cr for using Chinese parts under Make in India banner

The government of India is demanding that six electric two-wheeler manufacturers, including return Rs 500 crore ($60 million) worth of subsidies for violating localization rules since it is holding back unpaid subsidies from other EV 2W manufacturers, turning off a much needed source of capital in the process, as per a report by ET.The move…

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China’s development lauded at receptions held at Chinese embassies

Chinese embassies and consulates in foreign countries have held National Day receptions recently to celebrate the 74th anniversary of the founding of the People’s Republic of China. Heads of international organizations, foreign leaders and people from all walks of life attended the event or delivered speeches in various ways to extend congratulations, lauding China’s economic…

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