Toyota to stop making Camry Hybrid if Indian government does not reduce taxes: MD

Toyota Kirloskar Motors, who recently re-started the production of the Camry Hybrid in India earlier this year. Toyota suspended the production due to increase in tax of the hybrid vehicles, which made the sales go down significantly. Now Toyota MD has commented that the high taxes may affect the future of the vehicle. How is that? The Indian government has imposed a high GST tax rate of 43 percent on the hybrid cars which have increased the prices significantly and the sales have dipped by a considerable number. Toyota sold…

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Will see if more devolution to states served its purpose: Finance Commission

Headed by former RBI Governor Y V Reddy, the 14th Finance Commission had recommended a record increase in the states’ share in the Union taxes. NEW DELHI: Finance Commission chairman N K Singh today said the panel will ascertain whether increasing the share of Union taxes to states to 42 per cent, along with rationalisation with Centrally Sponsored Schemes, has served its purpose. The 15th Finance Commission has been asked to recommend, among other things, a road map for sound management of government finances. “We will also look at whether the much higher devolution…

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How to travel if you’re young and broke

Traveling can seem like an impossible luxury for us twenty-somethings. But with diligent planning and research, your next trip could be more affordable than you think. 1. Create a travel budget The first step is to figure out how much your trip will cost. Be sure to factor in expenses beyond flights and hotels, such as meals, entertainment and souvenirs. Once you have an estimate, try saving a little money from each paycheck until you reach your goal, suggests Jeana Salman, a CFP at Delta Community Credit Union. Related: Airlines…

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