Finance ministry’s own division shares EC’s concerns on electoral bonds & transparency

Amendments proposed that contributions received through electoral bonds be excluded from political donations act | Wikipedia The Financial Sector Reforms and Legislation Division has agreed with the EC’s view, which is that the new laws are ‘retrograde’ and need to be withdrawn. New Delhi: The Election Commission’s concerns over the transparency of electoral bonds, introduced via the Finance Act, 2017, have been supported by the Financial Sector Reforms and Legislation Division of the finance ministry. According to an RTI filed by activist Commodore Lokesh Batra (retd), an official email from the…

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5 new Tata cars & SUVs coming soon: Tiago Sport to H5X

Tata Motors is slowly increasing its market share in India by launching new models, such as the Tiago, Nexon and the Hexa. In the next few months, Tata will launch a few more cars. Here are the upcoming Tata cars that will be launched in the Indian market soon. Tata Tiago JTP Expected launch time: August 2018 Tata showcased the Tiago JTP at the 2018 Auto Expo. The car looked production-ready, and currently the hot hatchback is being tested by the company in various terrains. The Tiago JTP will become…

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Facelifted Honda Jazz all set to challenge Maruti Baleno & Hyundai i20 Elite in India

Honda is set to launch a facelifted version of the Jazz premium hatchback to take on hot sellers in the segment, such as the Maruti Baleno and the Hyundai Elite i20. While both the Maruti Baleno and Hyundai Elite i20 clock over 10,000 units each in sales every month, the Honda Jazz is a distant third in the premium hatchback segment, with average sales of less than 3,000 units each month. To make the car more appealing to prospective buyers and boost sales, Honda is lining up the facelifted version….

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Volkswagen reveals new engine for upcoming compact SUV & Vento replacement

Volkswagen India has announced that a new, turbocharged petrol engine would power its new crop of vehicles under the India 2.0 program. Volkswagen and Skoda are investing a Billion Euros (Rs. 7,900 crores) in India, for new product development that includes a compact SUV each under both brands, and also C-Segment sedans that will replace the Volkswagen Vento and the Skoda Rapid. The new engine will be a 1-litre, 3-cylinder unit, which Volkswagen and Skoda have deployed in a range of cars sold internationally. This motor is available in two…

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Ford EcoSport Titanium S & Signature edition revealed in pictures before launch

Ford will soon launch two new variants of the EcoSport in the market. The new vehicles will be launched on the 14th of May in the Indian market. The latest pictures of both the upcoming variants of the Ford EcoSport show the cars parked at a dealership stockyard. Ford will launch both the vehicles together in the market to further push the EcoSport’s popularity in the segment. The Ford EcoSport Titanium S will be the most expensive variant in the line-up. It will get standard 17-inch alloy wheels, an electric…

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India’s top 5 exported cars: Ford EcoSport, Chevy Beat, Volkswagen Vento & more

The Ford EcoSport is India’s most exported car. Ford India exported 90,599 units of the EcoSport in the past 12 months, between April 2017 and March 2018. In the preceding year, Ford exported 79,539 units of the EcoSport, which means that the exports of the compact SUV have grown by nearly 15 %. The high number of EcoSports exported has allowed Ford to become India’s top exporter, beating other automakers such as Nissan, Volkswagen and Hyundai in the process. Ford manufactures the EcoSport at its Chennai factory. The sub-4 meter…

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10 UPCOMING cars & SUVS, what they’ll look like: Hyundai Santro to Toyota Vitara Brezza

While the Indian car market has been abuzz with many new car launches, it’s bound to get even hotter in the near future. There are many new cars that will launch here before the end of current fiscal year. Here are details and speculative renderings of 10 HOTLY anticipated cars & SUVs. These renders are based on calculated guesswork and the design features revealed by spy images, which means the upcoming cars & SUVs would look a lot like what these images show. New Hyundai Santro The new Hyundai Santro…

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Aye Finance raises Rs 25 cr from Hinduja Finance & Intellegrow

Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow. This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio. Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs 5 lakh, which makes servicing these small ticket loans an expensive proposition. We at Aye have not only designed our processes and automation at minimum cost but we have also partnered with…

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Wellness, Experiences & Travel Top mbg Readers’ Wish Lists For 2018

In 2018, mbg readers are packing their bags. The results from our annual survey are in, and they speak to a trend that’s going global: the merging of wellness and travel. We’ve seen the tourism market turn toward wellness in recent years with brands like Westin investing in healthy hospitality, and that trend is accelerating in 2018. Lonely Planet reports that the travel industry’s fastest-growing sector is wellness tourism, which with a 10 percent rise in 2017, is now estimated as a $500 billion market. Forecasts like those by the Global Wellness Institute suggest that the…

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Education rot runs deep & wide – System collapse challenge for Nitish

Unsuccessful Intermediate students demonstrate in front of the BSEB office demanding re-evaluation of answer-papers. The students raised slogans against the chief minister, the education minister and BSEB officials. BSEB chairman Anand Kishor said students who had any doubts about their results could apply for scrutiny from June 3 to 12. Priority would be given to candidates who have cleared competitive examinations such as engineering but have performed poorly in their Intermediate, Kishor said. The scrutiny of papers for such candidates will be completed by June 30. Text by Roshan Kumar,…

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