Despite the toughest laws on money laundering, huge sums of money of illegal origin are channeled into the regular economy. Some of the EU members states have been too lax in supervising and scrutinizing suspicious financial transactions. Now, the European Commission has prepared a comprehensive reform plan to tackle the rising money laundering problem by monitoring and
Government’s push towards the adoption of digital payments and introduction of innovative and simple online platforms to move money has led to the growth of the India FinTech Transactions Market through FY2027. According to TechSci Research report, “India FinTech Transactions Market By Payment Modes (Payment Interfaces, Payment Gateways, PoS Terminals, Prepaid Payment Instruments, Remittance &
With the emerging need for electrification, batteries are about to become new “gold” in Europe. The European Union’s goal of becoming climate neutral by 2050 would only be accomplished if batteries start replacing oil for generating power. However, batteries could add to pollution if not properly re-used and recycled, or ethically sourced or produced with
Electric motors are ubiquitous, providing mechanical energy to every electronic item that makes our lives easier. While electric motors are being used for decades now, there is still room for improvement in terms of technology and efficiency in order to conserve energy. From refrigerators to computer hard drives, vacuum cleaners to automatic car windows, a
With an aim to take the USA towards zero-emission transportation, the Joe Biden government has proposed a USD174 billion program for bolstering electric vehicle adoption. Innovation in the emerging heavy-duty electric bus sector by the major players operating in the market is boosting the efficiency and reducing maintenance costs of e-buses, which is boosting its
All the 27 countries under European Union collectively account for around 3.5 billion tons of carbon dioxide, behind only China, the US, and India. However, Europe aims to become the world’s first climate-neutral continent by 2050. For accomplishing the set target, the European Commission has committed to reducing its greenhouse gas emissions by at least 55% by 2030. On July
Amongst 30 million Americans diagnosed with diabetes, about 1.4 million Type-1 Diabetes patients require insulin lifelong to manage their condition, but affordability is a great concern. Insulin prices have increased up to 1200% since 1996, even though the formulations have largely remained the same. The cost of insulins is ten times more in the USA than in any other developed country.
The Nord Stream 2 project intended for safe and secure supplies of natural gas to the European Union, covering 28 countries has created a lot of geopolitical tensions ever since its inception. The construction of a gas pipeline under the Baltic Sea between Russia and Germany is expected to lower gas transport costs, reduce Europe’s
Technology and ergonomics are combining in new-gen cars to take the riding experience the next level. Personalized automotive temperature control can also help in saving energy and increasing fuel efficiency. If you spend long hours driving the car, you would like to make the journey as comfortable as possible. Heating, Ventilating, Air Conditioning (HVAC) systems
The growing adoption of vehicles owing to urbanization activities is contributing to vehicular emissions, which is negatively affecting the climate. To curb the rising pollution levels and encourage clean transportation systems, the Indian government is taking stringent measures such as FAME, FAME II, PLI scheme, and others. According to the 2020 World Air Quality Report, 22