India To Get Rid Of Petrol And Diesel Autos? What Nitin Gadkari Stated

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

Union minister Nitin Gadkari mentioned he needs to slash GST on hybrid automobiles (File)Nagpur: As a part of his ambition to make India a inexperienced economic system, Union minister Nitin Gadkari needs to slash GST on hybrid automobiles and has vowed to rid the nation solely of the over 36 crore petrol and diesel automobiles.”One hundred per cent,” Mr Gadkari, the Union Minister for Highway Transport and Highways, mentioned when requested whether or not it’s potential for India to eliminate petrol and diesel automobiles altogether.”It is difficult but not impossible. This is my vision,” Mr Gadkari mentioned in an interview with the information with PTI.He mentioned India spends Rs 16 lakh crore on gas imports. This cash will likely be used for bettering the lives of farmers, villages will likely be affluent and the youth will get employment, the minister mentioned.Mr Gadkari didn’t give any timeline to satisfy this formidable goal which even proponents of inexperienced power consider is mind-bogglingly troublesome.The proposal to cut back GST on hybrid automobiles to 5 per cent and to 12 per cent for flex engines has been despatched to the Finance ministry which is contemplating the requisition, Mr Gadkari mentioned.The minister mentioned he firmly believes the nation can finish gas import by selling using biofuels.Environmental activists welcomed Mr Gadkari’s imaginative and prescient for rising inexperienced mobility, but in addition struck a phrase of warning by flagging using fossil fuels within the manufacturing of electrical energy.”In India, we are still heavily dependent on a fossil fuel-based energy system to power electric cars, and this needs to be changed. There is urgent need to ensure 100 per cent renewable energy alongside electric vehicles to tackle the climate crisis,” Avinash Chanchal, a campaigner for Greenpeace India, instructed PTI.Mr Gadkari mentioned he has been pitching for different fuels since 2004 and is assured issues will change within the coming 5 to seven years.”I cannot give you a date and year for this transformation to take place as it is very difficult. This is difficult but not impossible,” Mr Gadkari asserted.He mentioned he firmly believes that given the pace with which electrical automobiles are being launched, the approaching period will likely be of other and biofuels and this dream will come true.Mr Gadkari mentioned auto corporations resembling Bajaj, TVS and Hero are additionally planning to fabricate bikes utilizing flex engines and auto rickshaws utilizing comparable know-how too have been on the best way.”I roam around in a car that runs on hydrogen. You can see electric cars in every other household. People who used to say this was impossible, have changed their views now and started believing in what I have been saying for the last 20 years,” the minister mentioned.”Tatas and Ashok Leyland have introduced trucks that run on hydrogen. There are trucks that run on LNG/CNG. There are 350 factories across the country of bio-CNG,” he mentioned.”Definitely, a revolution is taking place. The fuel imports will end and this country will become self-reliant – Atmanirbhar Bharat. I strongly believe in this,” Mr Gadkari mentioned. (Apart from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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