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renault looking to drive in a compact suv premium small car in india auto news et auto - Search

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renault looking to drive in a compact suv, premium small car in india, auto news

new delhi: french carmaker renault is looking to drive in a compact suv and a premium small car in india, placed above kwid. it plans to boost volumes led by highly-localised models.renault ended 2016 with a market share of around 4.5% on sale of 1.1 lakh cars and operates with three key products — duster suv, kwid mini and lodgy mpv.sumit sawhney, country ceo and md of renault india, said the company is in a “portfolio development mode” at a time when it expands retail presence across the country. high local content will be a major focus area for all new products as renault wants to ensure that car prices are attractive and operating costs are competitive, sawhney told toi.he said the company “may look at a crossover” (suv), which can hit the market during the second half of this year. it

rs 64,000 crore allotted towards national highways, auto news, et auto

new delhi: in his budget speech finance ministerarun jaitley confirmed that overall in 2014-15 a total of 140,000 kms of roads were built which is higher than the previous three years.he also allocated rs 64,000 crore for the further development of national highways. fm has also allotted 24,1386 crore towards transport and rs 3.9 lakh crore has been allotted towards infrastructure development which is likely to also boost auto sales going forward.sumit sawhney, md, renault india on this told etauto that “boost to national highways, coastal connectivity, and ports another step to bolster last mile connectivity for manufacturing sector and also to aid exports”he added: “infrastructure focus including that on rural road development will lead to faster and more effective mobility solutions, wh

tata motors to launch kite 5 sedan on tiago platform in march, auto news, et aut

new delhi: after the successful launch of hexa, tata motors is readying itself for the launch of its compact sedan codenamed -kite 5 in march 2017, sources close to the development told etauto."the launch of kite 5 sedan was earlier scheduled for the month of january 2017. however, the launch was later re-scheduled for march 2017 as the dealership network wasn't equipped enough to cater to new launches," a source close to the development informed etauto on the condition of anonymity.tata kite 5 sedan is based on tata motors recent hit tiago platform. the sedan would take cues from the hatchback in terms of front exteriors and interiors. however, the interiors may vary a little to mark a difference between both the cars.the carmaker is yet to decide the name of the tiago-based sedan. howeve

yamaha fz25 specs comparison with its rivals, auto news, et auto

new delhi: indian arm of the japanese two-wheeler manufacturer yamaha motor has finally entered the 200-250cc entry premium motorcycle segment with its fz25 and with this the company has filled the gap between its 150 cc yamaha yzf r15 and 320 cc yamaha r3.the entry premium motorcycles space in india has grown consistently over last two years. we have seen bajaj pulsar 200 series tasting success and tvs with its apache trt 200 4v has got the market buzzing. yamaha’s new offering is priced at rs 1.19 lakh (ex-delhi) and while it’s the most reasonable among the 250cc motorcycle space, it might still come across as a bit expensive when compared to the likes of bajaj pulsars and even tvs apache rtr 200 4v. (* old variant) yamaha fz25 at the moment takes on the tvs apache rtr 200 4v, honda cbr

globally india now ranks 6th in manufacturing says fm, auto news, et auto

new delhi: after a lot of confusion, the union budget 2017 is finally under its way and talking in parliament finance minister arun jaitley said that india has moved to 6th position worldwide when it comes to manufacturing from 9th position held last year.vimal sumbly, head of triumph motorcycles in india commented “great to hear india ranking number 6 in the world as against 9th place last minister also said the demoneti ion was a bold move by the govt and will help in creating more gdp which will be clean and corrupt free. govt’s focus will continue on reducing inflation and remove income will be doubled going forwards and the govt claims over 50,000 gram panchayats will be poverty free by next year.“1 crore household and 50k panchayat out of poverty line.

budget 2017: expectations from auto industry

new delhi: the budget 2017 is well underway and will be presented tomorrow. the indian automotive industry has high hopes and a set of suggestions for the budget 2017.we present to you some of the important expectations which the automobile industry has from the budget 2017.budget 2017: expectations from auto industryrural economydemoneti ion impacted rural economy the most. as a result, it further affected automobile industry. foremost, priority should be given to boost rural consumption. experts expect higher allocation toward rural-focused schemes in budget 2017.vehicle s page policyindustry wants a very clear policy regarding s ping of old vehicles. this will not only help the environment, but also in government revenue. it will also lead to more s s, which will eventually fulfill the

jlr drops plan to make baby suv in india, auto news, et auto

mumbai: jaguar land rover has shelved its plan to manufacture a small suv in india, as a feasibility study didn’t favour the project and also in the backdrop of donald trump’s protectionist stance in the us and britain’s decision to exit the european union.the uk unit of tata motors will instead focus on building manufacturing facilities in the us and europe to escape potential import curbs in those markets in the changed macroeconomic and political environment, said five people in the know of the development.this is the second time in nearly a decade that the luxury car and suv maker is dropping plans to build a vehicle in india for the local market as well as exporting. this is also the third project that a global automaker has pulled from india in the past one year. ford s ped plans to

toyota sold 10.2 million vehicles worldwide, fewer than vw, auto news, et auto

tokyo: toyota has relinquished the title of the world's biggest automaker, reporting on monday that it sold 10.175 million vehicles worldwide in 2016, fewer than volkswagen's 10.31 million.general motors reports its tally next week. if general motors' number falls short, it will be the first time the german automaker has become no.'s a milestone achievement despite the taint to volkswagen's reputation from a huge scandal over cheating on emissions tests. booming china sales helped offset that damage.japanese automaker toyota motor corp has held the global auto crown for the past four years, although it fell behind general motors in 2011, when production was hit by a quake and tsunami in northeastern japan.detroit-based general motors was the top-selling automaker for more than seven d

top three hurdles faced by autonomous cars, auto news, et auto

new delhi: self-driving or autonomous cars do not multi task like humans do. like us they don’t text/talk on the phone while driving, they don’t drink and drive or even put makeup behind the wheels. the sensors and other devices work together to take you from one place to another, without any human intervention and without any of the dangers mentioned above.however, there is something that these sensors of the self-driving cars fail at - unexpected last minute decision making. fortunately, the human brain is still faster than the processors, developed and used in self-driving cars, and act faster in cases like – a child running on the streets, a fallen tree, etc.most of the experts believe that it’s not possible to create an accident free environment with self-driving cars but it’s possibl

top hits and misses for auto industry, auto news, et auto

new delhi: all eyes today were on finance minister arun jaitley’s budget 2017 speech looking for announcements which will provide a boost to the sluggish automotive industry.even though, finance minister did not have much to offer for the automotive industry, however some announcement related to infrastructure and agri-economy will help in increasing the demand.we are listing here some of the hits and misses for the automotive industry in budget the full budget 2017 speech herehits1.focus on farm credit positive for tractor and two-wheeler: allocation for rural sector for fiscal year 2018 is record rs 1,87,200 crore, and represents an increase of 24%. this will help improve the much needed sentiment in the rural market.the farm credit target has been raised by rs 1 lakh crore to

favour and worry for the finance minister, auto news, et auto

new delhi: this union budget becomes one of the most anticipated and crucial as the industry has been sulking under anxiety post demonetization. all pine highest ever hope on what is going to be in the finance minister’s speech.for the union finance minister arun jaitley too, it is certainly a testing time. he has a challenging task to balance between invigorating the waning industries & corporates and the people at large to meet the party’s expected performance in the upcoming state elections in punjab, uttar pradesh, goa, manipur and uttrakhand.on the top of the wish-list of corporates is to weigh the finance minister’s position on gst, income tax slab and easing of corporate tax.the industry captains are having high hopes with the finance minister as they see quite a conducive envir

as ford and general motors stay mum on order, detroit muslims speak out, auto ne

automakers are walking a tightrope as they court trump, whose policies on clean-air standards, corporate taxes and trade will affect their craig trudell, jeff green and david welchmajed moughni has lived the american dream: he climbed the ladder from impoverished refugee, to el dishwasher, to parking cars for ford motor co. royalty. today he’s a lawyer, sitting at a chair and desk in an office that all once belonged to a ford chief executive officer whose lincoln continental he used to park.moughni sees the business case for ford’s senior executives to aggressively court donald trump after the president spent months criticizing automakers for making cars in mexico. their silence so far on trump’s order halting immigration from seven middle eastern countries is another matter, a

'mega man' fans upset at capcom over lackluster iphone, android editions

p o: capcom co., ltd. image 1of/41captioncloseimage 1 of 412010-era video games that are considered the worsta screens of mega man 2, a smartphone version of the 1988 action game for the nintendo entertainment system. fans of the cl ic video game series are outraged over the quality of the six titles that were released on ios and android devices on jan. 4, 2017. wikipedia maintains an ongoing list of games that have been received poorly upon release. keep clicking to see some of them. less2010-era video games that are considered the worst a screens of mega man 2, a smartphone version of the 1988 action game for the nintendo entertainment system. fans of the cl ic video game series are ... more p o: capcom co., ltd. image 2 of 41the most popular video game the year you were born1977 — spac

concrete - awkward driveway curve has cars nearly colliding with house, how to m

bellow is an arial p o and a road-side p o of my new house. as you can see the driveway is an awkward curve especially when backing out of the car port to the side of the garage - you have to do a slight "double s curve" to avoid the house and a parked car/truck. worse yet, it come dangerously close to the house! [more info about the vehicle and parking at the end of this post]i'm sure that after a few weeks of practice it will become second nature to navigate it in reverse, but for guests and for those rough mornings without coffee, i'm worried that a car could graze the edge of the house and cause damage to the car and the i'm wondering what my options are. what would you do? thanks![edit] here's some more info for those interested: i drive a truck and the lady drives a car. she

uber teams with daimler on autonomous cars

p o: santiago mejia, the chronicle image 1of/3captioncloseimage 1 of 3buy p ouber demonstrates their self-driving volvo xc90 suv on tuesday, dec. 13, 2016 in san francisco, calif.uber demonstrates their self-driving volvo xc90 suv on tuesday, dec. 13, 2016 in san francisco, calif. p o: santiago mejia, the chronicle buy this p oimage 2 of 3in this p o taken tuesday, dec. 13, 2016, devin greene sits in the front seat of an uber driverless car during a test drive in san francisco. uber is riding its self-driving cars into a legal showdown with california regulators. the ride-hailing company is refusing to obey demands by the state's department of motor vehicles that it stop picking up san francisco p engers in specially equipped volvo suvs. hours after uber launched the self-driving service

home insurance under-purchased product in india, real estate news, et realestate

new delhi: even though there has been an increase in the number of home buyers in the country over the past few years, the number of buyers purchasing home insurance is fairly low. people tend to not purchase home insurance policy mostly due to the lack of awareness and myth surrounding it that it comes with high premiums and involves complex processes.“home insurance penetration in the country is extremely low, the main reason behind the poor demand for this type of insurance is due to lack of awareness about availability of any such product and apprehension that that it will be very costly and difficult to get any claim as documentation is too cumbersome,” says saroj apathy, ceo, ideal insurance brokers pvt ltd.considering the climatic changes and frequent occurrences of natural hazards

india to boost electronics manufacturing by raising m-sips & edf allocation to r

indian government has significantly increased the allocation for incentive schemes like modified special incentive package scheme (m-sips) and electronic development fund (edf) to rs 745 crore in 2017 , as it looks to make the country a global hub for electronics manufacturing.during his budget speech for the year 2017 , finance minister arun jaitley said they have received over 250 investment proposals for electronics manufacturing in the past 2 years, totalling an investment of rs 1.26 lakh crores."we are also creating an ecosystem to make india a global hub for electronics manufacturing. a number of global leaders and mobile manufacturers have set up production facilities in india." he said adding that this is an all-time high allocation for the program.last month, the union cabinet had

ec issues advisory to parties, candidates to open current accounts

by: ani | new delhi | published:february 1, 2017 12:27 pm rbi.after the reserve bank of india (rbi) decided to withdraw the limits imposed on cash withdrawals, the election commission of india (eci) issued an advisory to all political parties and candidates contesting for embly poll to open current accounts. the announcement of lifting the limits e soon after the poll panel’s repeated plea to enhance cash withdrawal limits for the what else is making newsearlier, the eci had advised the candidates to open accounts in banks without specifying the kind. now when, the rbi has lifted off all limits from withdrawals from current accounts/cash credit accounts/overdraft accounts, without including savings accounts, the move can help candidates overcome problems faced due to cash

there will be no easy matches in asia cup qualifiers, says coach stephen constan

by: pti | new delhi | published:february 1, 2017 3:22 pm india will begin their paign against myanmar in an away match on march 28. (express p o by amit chakravarty)national football coach stephen constantine feels india have a legitimate chance to qualify from group a but said there won’t be any easy games in the 2019 afc asian cup qualifiers.india have been drawn with kyrgyz republic, myanmar and macau in group a of the 2019 afc asian cup qualifiers, beginning march.“on paper it looks favourable. it does give us the hope that we have a legitimate chance to qualify from the group,” constantine told aiff.“i need to take you back to the draw of the world cup qualifiers where we were drawn with guam and turkmenistan and there was a generic feeling all around – ‘no problem, we will have it e

crash worsens rush hour at i-69 and west loop

image 1of/1captioncloseimage 1 of 1a crash closed main lanes on i-69 at westpark drive, according to transtar.a crash closed main lanes on i-69 at westpark drive, according to transtar.crash worsens rush hour at i-69 and west loop1 / 1back to gallerythe houston afternoon rush hour got even busier on thursday afternoon.according to transtar, a four-vehicle crash closed all main lanes on i-69 northbound at the west loop. the lanes were closed at about 2:59 further information is currently available.

tooth infection leads to 26-year-old california dad's death

a california long-haul trucker died early monday after a tooth infection spread to his lungs, fox 40 reported.vadim dratyuk anatoliyevich, 26, was  the father of two small children. he started to complain of a toothache a few weeks ago, before a drive to new york. he visited a dentist in oklahoma and had his tooth cleaned and was prescribed antibiotics.the medication reportedly did little to help the man, and his face began to swell.  his brother went out to meet him because he was too weak to drive back,  and they checked in to a hospital in utah. his wife,  nataliya, told the station she received a call from doctors.they “said tonight is the night he’s going to die,” she said. they told her that they were unable to stop the infection."i know he's in heaven. he's a happy person right now.

arun jailtey announces m ive measures to promote digital economy

while presenting the union budget 2017 in the parliament the finance minister arun jaitley erted, india is on the cusp of a m ive digital revolution. he also sketched out many schemes boosting the digital india paign.arun jaitley said, “digigov facilities will be encouraged for education, healthcare and skills to the villages. he also added smart villages are in the making. promotion of #digitaleconomy an integral part of strategy to clean up system and weed out corruption.”he said, our agenda for the next year is transform, energize and clean india – may also likewhile presenting the budget the finance minister said, bhim app & digitization, curbing illegal deposits, is expected to get a high focus in the coming months.he added, payment regulatory board to be set up unde

global pe firms invested record $6.6 billion in realty sector last year, real es

mumbai | bangalore: international private equity firms may have pumped in record capital into india’s real estate sector last year, but it is still just 1% of what they invested globally during the year.india attracted $6.6 billion of inflows into the property sector as against over $610 billion global capital inflows in 2016, a jll india study showed.however, this is likely to change with the advent of transparency through real estate regulatory act, tax reforms and an exit avenue in the form of real estate investment trusts. the global funds that ign higher weightage to political stability, particular phase of the country's property cycle, uptake in commercial spaces have now been reviewing indian real estate’s potential as their key investment market.“india’s real estate received just 1

niche project mana ent services emerge as major focus areas for property consult

new delhi: major international property consultants are now offering niche services in the project mana ent space, some of them exclusive for the indian market, and are opening separate verticals to keep up with the evolving demands of real estate developers, funds and office space occupiers.cost mana ent, health & safety services and quality mana ent are some of the most important segments that companies like jll, cbre, knight frank and colliers international are focusing has recently started providing niche services in cost mana ent, health & safety mana ent, quality mana ent and testing & commissioning."clients now a days are looking at value-add in terms of speed of construction, better quality in material and technology and sustainability," said gurjot bhatia , man

mamata banerjee calls budget ‘baseless’ and ‘misleading’

by: express web desk | new delhi | updated: february 1, 2017 3:38 pm west bengal chief minister mamata banerjee (file p o)west bengal chief minister mamata banerjee wednesday described the union budget for 2017 as “baseless” and “actionless”. banerjee, whose party trinamool congress has boycotted the first two days of the budget session as a mark of protest against the centre’s demoneti ion drive, added the government did not disclose any figures regarding the note video | budget 2017: 5 things you need to understandwatch  video | impact of budget 2017 on real estate sector“a controversial #budget2017 which is clueless, useless, baseless, missionless and actionless. heartless,” banerjee said on twitter soon after arun jaitley concluded his budget speech. “no roadmap for the coun

h1b issue not a sticking point in india-us ties: indian-american donor

by: pti | washington | updated: february 1, 2017 11:05 am the h1b visa is a non-immigrant visa that allows us firms to employ foreign workers in speciality occupations that require theoretical or technical expertise in specialised fields. erting that artificial trade barriers between india and the us would “evaporate” quickly, an indian-american donor and supporter of us president donald trump has said fears about the h-1b overhauling is “overblown” and the issue is unlikely to cause trouble in bilateral ties. “president trump first and foremost is a businessman. he knows how to grow us as a business. he is pretty clear on the position of us chambers of commerce that in order to grow the american economy, you need a lot of it experts and professionals,” chicago-based shalabh ‘shalli’ kuma

budget 2017 proposes: seven ways budget 2017 proposes to make doing business eas

new delhi: the government's focus on ease of doing business reflects in budget 2017 too. india moved up only one rank on the world bank’s ease of doing business ranking last year, a disappointing result for the narendra modi government that made several initiatives and has set itself a target to break into the top 50. india is ranked 130 out of 190 countries in world bank group’s annual report ‘doing business 2017: equal opportunity for all’. below are the seven steps that the budget 2017 proposes to make doing business in india easier. 1. scope of domestic transfer pricing restricted to only if one of the entities involved in related party transaction enjoys specified profit-linked deduction. 2. threshold limit for audit of business entities who opt for presumptive income scheme increase

former top cop alok verma takes charge as cbi chief

by: ani | new delhi | published:february 1, 2017 11:03 am delhi: former delhi police commissioner alok verma takes charge as new cbi chief. (source: twitter/ani_news)former delhi police commissioner alok verma on wednesday took charge as the new central bureau of investigation (cbi) chief. verma’s appointment was approved for a period of two years by a three-member selection panel headed by prime minister narendra modi and comprising chief justice of india jagdish singh khehar and congress leader in lok sabha mallikarjun what else is making news:the post of cbi director was lying vacant for over one month following anil sinha’s retirement on december 2. verma, a 1979 batch ips officer of the agmut (arunachal pradesh-goa-mizoram and union territory) cadre, was the delhi police

office space market remains immune to demoneti ion, real estate news, et realest

new delhi: of the total uptake of office space in 2016, nearly 40% of the total net absorption took place in the last quarter of 2016, according to international property consultants cushman & wakefield.“the demand for office space, though similar to that seen in 2015 was better than market expectations, especially in the second half of the year. despite many changes globally, that could change the course of business, india remained one of the most optimistic markets in the recent times. we expect this positive outlook to continue into 2017,” says anshul jain, managing director, india cushman & wakefield.bengaluru recorded the highest net absorption during the year. the city's net absorption rose 28% to 12.7 msf during 2016. the new high in 2016 is roughly 5% higher than the last n

doubles is for players after 35… it’s a much easier way to make a living: anand

written by shahid judge | pune | updated: february 1, 2017 11:38 am anand amritraj has been india’s non-playing captain in the davis cup since 2014. under his leadership, the team reached world group playoffs each time. fileafter three years of leading india to the davis cup world group playoffs, non-playing captain anand amritraj’s time at the helm is coming to an end. following the first round group 1 tie against new zealand at the balewadi stadium in pune, the 65-year-old will step down and be replaced by mahesh bhupathi. speaking on the sidelines of his ‘farewell’ tie, the outgoing captain talks about indian tennis – from leander paes’ legacy to the complete lack of success in singles.speaking on the sidelines of his ‘farewell’ tie, the outgoing captain talks about indian tennis – fr

demoneti ion dampens sentiments of real estate sector, real estate news, et real

mumbai: demoneti ion of high value currency notes of rs 500 and rs 1000 has dampened sentiments of the real estate sector across india, which until now had been comparably more upbeat than most markets in asia, according to rics’ global commercial property monitor.both the occupier sentiment index (osi-an index that shows supply, demand and rent expectations) and investment sentiment index (isi), an index capturing overall market momentum) readings turned negative in the national capital region and mumbai after demoneti ion, it said.the osi index recorded a reading of -3 in the q4 (october-december, 2016). it represents the weakest number reported for this indicator since the end of 2013. demand for retail property fell over this period. office space was more sought after though the rate o

political funding: now, political parties can accept only rs 2,000 in cash | ind

new delhi: the government on wednesday took an important step to bring about transparency in political funding+ and announced a drastic 90 per cent cut in the limit for cash donations. presenting the union budget 2017+ , finance minister arun jaitley said that political parties can now receive only rs 2000 as donation in cash from one source. for any donation above rs 2,000, parties will have to disclose the identity of the donor, arun jaitley said. this is a sharp drop from the rs 20,000 limit that the political parties were so far allowed to receive as anonymous cash donations. political parties can receive donations in cheque, electronic mode; electoral bonds to be issued by the rbi. jaitley said the government has accepted the election commission's recommendation to bring in transpare

glenroy tattoo parlour shooting may have targeted man previously s in head

a man s in the head last year may have again been targeted, with a tattoo parlour linked to him being peppered with bullets in a daylight shooting this week.detectives are also investigating if the drive-by shooting at ink bound in glenroy in the city's north is connected with a shooting at the pbellfield plaza. police at the scene of the shooting on the corner of wheatsheaf and glenroy roads. p o: channel ninethe wheatsheaf road parlour was s up about 11.40am on tuesday. no one was records show nabil maghnie is the director of the company that owns ink bound. the 40-year-old father, who says he no longer has any involvement with the business, was s in his head and chest last september. detectives do not believe the drive-by shooting is linked to a feud between the comanche

in panic mode, us-based indian professionals hunt for jobs back home, technology

us president donald trump's inauguration pledge to 'buy american-hire american' has stoked interest in jobs back home from overseas indians, who are increasingly reaching out to manpower consultants in the country to explore equivalent options.recruitment firms led by bti consultants, rgf executive search, transearch, the head hunters, and antal international have reported doubling of queries from us-based indian professionals over the past few weeks as the republican winner to the white house race declares his policy stance after the january 20 inauguration.nervousness has also gripped indian companies that have a significant us employee base: hunt for indian talent in the us are now joining the swelling list of cancelled mandates. kris lakshmikanth, chief executive of the head hunters (i

tax rate reduced to 5% on income rs 2.5l-5l

new delhi: stating that india is "largely a non-tax compliant society," finance minister arun jaitley today said the government is putting a rs 3 lakh limit on cash transactions. in addition, the minister gave a significant tax break to those earning between rs 2.5-5 lakhs+ , cutting their tax rates to as low as 5 percent from the earlier 10%. the minister imposed a surcharge of 10 percent for those whose annual income is rs 50 lakh to rs 1 crore. the 15% surcharge on incomes above rs 1 crore will continue. stating that political parties continue to receive most funds through anonymous donation, jaitley announced that the maximum amount of cash donation a political party can receive is rs 2000 from any one source. the minister also said the government plans to extend the basket of financi

colliers, real estate news, et realestate

mumbai: demand for housing from end user is expected to remain skewed towards ready-to-move-in properties in affordable and mid-income projects in 2017, said colliers international india in a 2016, about 89,000 units were launched across six major cities in india, which is about 34% less than the units launched in 2015. the decline in the number of new launches indicates the waning interest of buyers in the primary market, the report said.out of the total new launches in 2016, around 28% were concentrated in bengaluru followed by mumbai 25%, pune 23%, national capital region (ncr) 15% and chennai the aftermath of demoneti ion, many banks have reduced the home loan rates to the tune of 8.25 to 9%, which is the lowest in the last 8 years. the government has also announced an

australia captain mathew wade ruled out of rest of new zealand tour

by: reuters | napier (new zealand) | published:february 1, 2017 1:49 pm mathew wade had earlier said that he hopes to play the third one-dayer. (source: twitter)australia captain matthew wade has been ruled out of the remainder of the one-day series against new zealand and will return home for treatment on a back injury to ensure he is fit for the tour of india, the team said on wednesday.the wicketkeeper had told reporters in napier earlier on wendesday that he had already been ruled out of the second one-dayer at mclean park, but hoped to be able to play in sunday’s third game in hamilton.“with matthew not being fit for thursday’s game… it has been decided to send him home for an essment and treatment in melbourne, with a view to him being fit for the tour of india and the training p in

funniest twitter reactions on budget 2017

the budget 2017 was quite an event.while the unfortunate demise of veteran parliamentarian e ahamed was deeply saddening, the budget was announced as per its scheduled time despite protests from the opposition. total expenditure of this year’s budget is 21 lakh 47 thousand crore rupees. rs 2.44 was trending as ‘the pradhan mantri mudra yojana’ lending target has been doubled at rs 2.44 lakh crore for 2017.right from the somewhat shaky beginning to the announcement of target of agricultural loans to farmers being set at a record rs 10 lakh crore in 2017, we all were glued to our tv sets as it unfolded. you know who else was watching it closely? yes, twitterati.our ‘twitter journos’ were closely watching and ready with their ammunition of ‘budget jokes’ and they began well before 11 am.its i

experimental australian squad named for sri lanka t20is

by: reuters | melbourne | published:february 1, 2017 2:00 pm australia’s interim chairman of selectors trevor hohns said it was the perfect opportunity for australia to build some depth. (source: twitter)australia named uncapped batsman michael klinger and bowlers jhye richardson, ashton turner and billy stanlake in their twenty20 squad on wednesday for their series against sri lanka this month.the three twenty20 matches overlap with a test series in india and interim chairman of selectors trevor hohns said it was the perfect opportunity for australia to build some depth.“with a number of our frontline players preparing for the india test series we have chosen a squad with a good blend of experience combined with several younger players in an effort to improve our performance,” hohns said

payment companies hail economic survey suggestions to make digital transactions

the economic survey has underlined several important measures for digital payments, one of the most important one being that incentivi ion shouldn not become a burden on financial companies but should be borne by the government and the rbi.citing the impact of demonetization, chief economic advisor arvind subramanian said the positive from demonetization was the increase in digital payment transactions and called for measures to maximize the benefits.the economic survey has called for incentivizing digitization in payments but only for the short-term and only at the cost to the government as well as the rbi and not to customers or financial intermediaries, in this case, the payment companies. it also says that digital payments should become privately profitable.“to the extent that digitali