After experiencing some moderation in business confidence during Oct-Dec FY15, the CII 90th Business Confidence Index (BCI) has shown signs of improvement during Jan-March FY15. This is evident from the fact that the index has moved up to 56.4 during Jan-March FY15 from a level of 56.2 in the previous quarter. The improvement in confidence level also assumes significance as the BCI was much lower at 49.9 in the same quarter last year. It should be noted that the index value of 50 is the dividing line between positive and weak confidence index.

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It is a fact that electric vehicles (EVs) are beneficial for climate protection. However, the current challenge is to decide on whether to reuse an EV battery or to recycle it after its first use. This paper theoretically investigates these areas i.e., recycle and reuse. It was found that there are several commercially used recycling processes and also some are under research to regain maximum possible materials and quantity. The concept of reusing (second life) of the battery is promising because, at the end of the first life, batteries from EVs can be used in several applications such as storing energy generated from renewable sources to support the government grid. However, the cost and life-cycle analysis (LCA) demonstrated that there are several aspects involved in battery reuse applications. Henceforth, one LCA generalised method cannot provide an optimal approach for all cases. It is important to have a detailed study on each of the battery reusing applications. Until then, it is safe to say that reusing the battery is a good option as it would give some time to recycling companies to develop cost and energy-efficient methods.