ELECTRIC VEHICLES

Source: The Hitavada      Date: 29 Jul 2017 09:24:07


 

 

 

 

 

 

 

 

ELECTRIC VEHICLES

INDIA has set the goal to replace all petrol and diesel-run vehicles with electric vehicles by 2030,  in  conformity with the Paris climate change agreement. This is a welcome idea, as reserves of fossil fuel are depleting fast, they are costly, and above all, they cause massive atmospheric pollution, harming each living being on the planet. Electric vehicles are thus considered to be a better option to tackle pollution. Of late, developing countries have taken a lead in production and use of electric vehicles.

Makers of electric vehicles abroad are investing heavily in R&D in order to improve the technology, making electric vehicles much more efficient. However, it will be a tall order for developing countries like India to switch over to electric vehicles totally in a decade. Because, there are issues like long time  taken to recharge batters, their high cost, availability of charging points along highways, and availability of electricity in remote areas. In order to remove all these hurdles, India will have to invest heavily on building infrastructure. However, if there is a strong political will, then all these hurdles can be removed easily.

 

SHELL COMPANIES

IT is good that the Income Tax authorities are adopting newer ways to unearth black money. Till now, though everybody knew of money laundering by shell companies, hardly any action was taken against them. But not anymore. The policy of zero tolerance for corruption adopted by the NDA Government and numerous steps taken to curb corruption, is having a desirous effect.

The Government has, in a bold decision, cancelled registration of over 1.6 lakh shell companies for not filing financial statements. Now, the Income Tax department has decided to share data of shell companies with the Corporate Affairs Ministry, further tightening the screws on them. There is need for various arms of the Government to work in close cooperation so that  no loopholes are left open for  shady deals by bogus companies.

Quick sharing of data between various agencies has become possible due to  technology. Online transactions help in minimising human interference, thereby reducing chances of corruption. Robust information sharing system is a must to curb corruption.