March 23, 2020

The GST rate on all categories of vehicles should be brought down

The woes of the sector, the third-largest employer in the country, has only multiplied due to facing distress for straight three months of fiscal 2020 with sliding sales across segments as buyers continued to put off purchases due to higher cost of ownership, liquidity crunch and rising automobile prices.Maruti Suzuki, India’s top car maker and Hyundai, the second biggest car maker, which together command nearly 70 per cent of the car market, have dragged down sales both in June and in ball bearings Factory the Q1 of fiscal 2020. Customer sentiments remained low due to the overall slowdown in economic growth.He said a fleet modernisation programme should be introduced to get the polluting, unsafe and old vehicles off the road. 


 Tata Motors, Toyota Kirloskar and Honda Cars were no better.Also, the corporate tax rate for all companies should be brought down to 25 per cent, as promised in earlier budget speeches. Consumer expectations on revised GST rate on cars and limited liquidity availability kept them from firming their buying decision,” said Sibendra Barman, Vice President, Sales- Marketing at Passenger Vehicles, Tata Motors. PUNE: The Indian auto industry, the world’s fourth largest and Asia’s third biggest, with two-wheelers segment dominating the market, continues to move in reverse gear.The tractor, heavy commercial vehicle and passenger vehicle sales continued their downward trend, indicating a slowing economy across sectors, with automakers now banking on badly needed stimulus in the Budge on Friday to spur growth. Customer sentiments remained low due to the overall slowdown in economic growth."

The GST rate on all categories of vehicles should be brought down to 18 per cent from current 28 per cent to kick-start growth again in the Indian auto industry,” Vishnu Mathur, Director General at the Society of Indian Automobile Manufacturers, told Financial Chronicle.Auto industry has been de-growing for the past 4 quarters.."Auto industry has been de-growing for the past 4 quarters. The Indian auto industry, the world’s fourth largest and Asia’s third biggest, with two-wheelers segment dominating the market, continues to move in reverse gear. Auto honchos said it was facing the most challenging times ever

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February 26, 2020

The film is beautifully painted and does bring to life nostalgia

The elegant Miss D’Sousa puts on long-playing records and recalls, with a smile and a happy pirouette, her time spent in the Bombay film industry, giving 42 takes during a dance sequence, and how handsome and desirable Guru Dutt was. My excuse is that I was in the front row and America’s morally repugnant history of racial discrimination and violence was looming over me, quite literally.


The film is beautifully painted  and does bring to life nostalgia in a charming way.Films watched: 10Films loved: 0Jet-lag: Fxull-onWeight put-onAt least 2 kilos, and all of it during Saturday’s 8.Tara, meanwhile, is being tutored by one Miss D’Sousa who speaks proper English, and insists that Tara does so too. It takes off when the next bull escapes, just as the butcher’s cleaver was about to sever its head. As a cat stretches and purrs about, and the movie harks back to those earlier, happier days when all was nice, decent and oh-so-lovely, Bombay Rose is happiest.I dashed out to get a cup of black coffee and, without thinking, bought, and then consumed, a packet of Snickers. Hareesh’s short story Maoist, is set in Kerala and begins when one bull is killed, chopped into bite-size pieces and sold in small, black plastic bags to be cooked with tapioca or coconut.. This mostly begins as thigh-slapping bravado, but as egos and the fear of losing take over, the men lose their bearings.And then there was Gitanjali Rao’s Bombay Rose, a story so simple and old that about 20 minutes into the film I was wondering why it had been made at all.2 films, 1 nationIn China wheel unit bearings Manufacturers a very strange way, the two Indian movies that played at Tiff on Saturday kind of represented the state of our nation and the state of India’s liberal, genteel intelligentsia in more ways than one. Jordan and Jamie Foxx’s death row drama based on a real life incident..Indian movies represent state of India’s liberal, genteel intelligentsia in more ways than one. Stills from animation film Bombay Rose It’s Day 3 at the Toronto International Film Festival (Tiff), and my score-card is making me very nervous.In that one link — of a man waiting to petition the government to stop the mayhem, while the entire male citizenry of the town is hurtling about trying to kill the bull that wants to escape death — lies a clever commentary and a vivisection of the mob lynchings we have become almost criminally immune to over the last five years.Bombay Rose reclines in calm comfort when it is in Miss D’Sousa’s house.The film, based on S. It runs amok through the town, horn-butting all that’s in its path — people, plants, property, shops — before heading to the safety of the forest. The background score provides a catchy, almost ritualistic beat and roar to this communal march to lynch. Big celebrity spottingJust 2 — Robert Pattinson, the star of The Lighthouse; and Bong Joon-ho, South Korean director whose film, Parasite, won the Palme d’Or at the Cannes Film Festival this year.But the destruction, and challenge presented by a bull gone rogue, summons different, often warring groups of men who take it upon themselves to capture and kill it. How cute!FOMOAfter watching 10 films over three days at Tiff, I’m beginning to get that strange feeling, the one that often hits journalists when they are chasing a loosely defined story.A girl, Kamala, and a Kashmiri boy, Salim, fall in love.. In films and in real.Kamala has an unpalatable secret, and so has Salim. She sells gajras to take care of her grandfather and little sister Tara, while he, having escaped militancy in Jammu and Kashmir, sells bouquets.This year, I’m waiting… hoping.Malayalam film JallikattuJallikattu’s plot is this savage, primitive, blood-thirsty chase which intermittently splits into tiny tangents where old grouses, agendas come to the fore — a young couple tries to elope; a wife tries to leave; a loan, it is humbly requested, should be waived as the last gesture of kindness; party comrades sense a slight; a feast without meat depresses a father; Paul the petitioner waits to meet the district collector to submit an official request to end the bull menace.15 morning show of Just Mercy, Michael B.So I’m wondering, what if this is that one film festival which doesn’t have a single standout film? Or worse, what if I am spending all my time rushing to and watching all the bad ones, while the great, transformative ones are playing next door?This particular variety of FOMO (fear of missing out) stays till you watch those two-three outstanding films which make the whole exercise of sitting through rather dull, unbearably long ones worth it.It’s a way to be. But the film is nothing more than a standard, done-to-death Bollywood story from the 1960s, 1970s, 1980s…As I said, the state of the nation versus the mind space where India’s genteel intellectuals, who find the present all too uncouth to deal with, would rather be in.While Joon-ho was walking and chatting with the cast of his film, Pattinson, whose disturbing pallor is unmissable, walked past me (his face was, maybe, a foot away and up from mine) wearing a baseball cap and big dark glasses in a style so filmy and faux-incognito that it’s a shock film stars still think they will step out of rather large, very expensive, gleaming vehicles (in this case, GMC’s shiny black Yukon XL which seems to be Tiff's official SUV for celebrity travels) and can will themselves to invisible as they rush to enter a building.Last year at Tiff, those two films for me were Roma and A Star is Born. Those would be the guttural and hyper-macho Jallikattu, a Malayalam film by Lijo Jose Pellissery, and the prettily painted animation film, Bombay Rose, by Gitanjali Rao.This scary feeling arrives in small waves first, and then, as more time goes by, it's an engulfing tsunami.Jallikattu, as the title suggests, is about a large gang of men trying to catch a bull in a game of body strength and courage, but also an open display of chest-thumping egos and sanctioned savagery.There is lots of testosterone on display in Jallikattu as hundreds of cleavers, axes and a rifle gleam threateningly under the light of torches and mashaals. After pursuing it for a few days and getting nowhere, they are beset by that sinking feeling that the story may either be a figment of their desperate imagination, or, well, they are just royally inept

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February 20, 2020

As I watched her performance I though she would slip up and stumble

I can happily say Sonakshi Sinha has managed to make a very difficult part look easy.”. Every working girl would identify with her.Does he see a growth in her performance? "Oh yes! To bring so much dignity into the role of such a clumsy character is not easy. 


It’s not easy to play someone so sloppy and so full of herself,” admits Shatruji, confessing he watched his daughter’s performance nervously. I applaud Sonakshi’s performance because as an actor, I know how difficult her role is,” says the proud father."I speak not as a father but a co-artiste. She has proved that she can do things I never could.Says Shatruji, "During Dabangg Salman had said Sonakshi will be such a big star that every girl in the audience would want to be like her. But he did see Noor and can’t stop raving about her performance. She portrays the uncertainties of a young city girl trying to find her bearings with such sensitivity.

As I watched her performance I though she would slip up and stumble.”It was Salman who had predicted Sonakshi’s stardom. I had been bowled over by my daughter in Lootera. Shatrughan Sinha with daughter Sonakshi Sinha wheel bearings Suppliers Shatrughan Sinha doesn’t watch all of his daughter’s films. But he did see Noor and can’t stop raving about her performance. But Sonakshi kept the character going on an even graph, even when the character was making one mistake after another. Now in Noor she plays such an aspirational character.Shatrughan Sinha doesn’t watch all of his daughter’s films. I think this is Sonakshi’s best performance since Lootera

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February 11, 2020

Brokers said auto sector stocks were centre of nervous selling

45 points, or 0.48 points, finally ended at 36,395.50 per cent, down at 10,888. The 50-scrip NSE Nifty finished 49.The BSE Sensex finally ended at 36,395..54 per cent. The gauge had lost nearly 429 points in the previous two sessions.80 points, or 0.Meanwhile, on a net basis, domestic institutional investors (DIIs) sold shares worth Rs 960.41 and 36,300.Auto segment stocks continued to trade in the red with M&M, emerging as the biggest loser in the Sensex pack by plunging nearly 5 per cent after it reported 11.04 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 843.31 per cent.


Brokers said auto sector stocks were centre of nervous selling, triggered by dismal quarterly earnings posted by leading auto makers.81 crore on Friday for the third quarter ended December 31, 2018.80.41 per cent.73 crore on Friday, provisional data released by the stock exchanges showed.Other losers include ONGC, Bajaj Finance, Reliance, SBI, Hero MotoCorp, ICICI Bank, L&T, Vedanta, Yes Bank and Axis Bank, falling up to 2.50 per cent, down at 10,888.10 and a high of 10,930.80, after touching a low of 10,857.Meanwhile, domestic passenger vehicle (PV) sales declined for the third month in a row in January, dropping 1.On the other hand, Tata Steel, PowerGrid, HCL Tech, Kotak Bank and Maruti were the top gainers on Sensex, rising up to 2.41 per cent.03, down 151.The 50-scrip NSE Nifty finished 49.44 per cent decline in standalone profit after tax (PAT) at Rs 1,076.The 30-share barometer after shuttling between 36,588.03, down 151.90 during the session.87 per cent, as manufacturers continued to reduce inventory at dealers following a tepid festive season sales, according to SIAM. 

Mumbai: Indian ball bearings Suppliers equities extended their fall for yet another session on Monday, with the BSE Sensex falling over 150 points and the NSE Nifty slipping below the 10,900 mark on heavy selloff in banking, realty, auto and pharma stocks.Investors were cautious ahead of industrial production and inflation data due this week, amid as global growth worries, including the US-China tariff tiff, and lacklustre corporate earnings, traders said.80 points, or 0.45 points, or 0

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January 16, 2020

The government has set fiscal deficit target

SBI Chairman Rajnish Kumar said bank recapitalisation at one go would provide a big impetus to credit growth.On revenue collection meeting Budget target, Sitharaman said the trends are showing comfortable level of collection.She said the move would also lead to cheaper working capital loans for the industry. 


New Delhi: The government on Friday announced a raft of measures, including rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption of startups from &China auto bearings Factory39;angel tax', a package to address distress in the auto sector and upfront infusion of Rs 70,000 crore to public sector banks, in efforts to boost economic growth from a five-year low.

Banks have again decided to launch repo rate or external benchmarking linked loan products.Till now, banks generally lagged in transmitting RBI's reduction in repo rates to borrowers.The government has set fiscal deficit target of 3."Reforms is a continuous process and the momentum of reforms will continue," Sitharaman said."Since the announcement of enhanced surcharge on foreign portfolio investors, there has been a significant outflow of funds from the Indian stock market. 

Income tax notices and orders would be only issued through a centralised system to curb harassment. Housing finance companies would get up to Rs 30,000 crore with a view to revive the real estate sector. The government is confident of meeting the target set without any kind of over reach by tax authorities, she added.The auto sector is facing the worst crisis in about 20 years and reports suggest job losses in thousands.For the auto sector, she doubled depreciation to 30 per cent and lifted the ban on government departments to buy new vehicles.3 per cent of the GDP for the current fiscal.To bolster consumption, the government also said that banks have decided to cut interest rates, a move that would lead to lower EMIs for home, auto and other loans. 

The lender has already started benchmarking its loans to repo and now other banks are likely to follow suit, he added.Other measures announced to boost the economy include setting up of an entity for credit enhancement for infrastructure and housing projects, a task force to finalise the pipeline of infrastructure projects and simplification of Know Your Client (KYC) procedure to improve market access for foreign investors."The enhanced surcharge on FPI goes, in simple words," she said. 

Before the last reduction, earlier this month of 35 basis points, the bank on an average had passed only 29 basis points out of 75 basis points cut affected during 2019.She also announced an immediate infusion of Rs 70,000 crore into banks to boost their liquidity and lending capacity of banks by Rs 5 lakh crore while housing finance companies would get up to Rs 30,000 crore with a view to revive the real estate sector.8 per cent in January-March and it is widely believed that the growth might not have picked up in the first quarter of the current fiscal also.Sitharaman said banks would be required to link lending rates to the Reserve Bank of India's benchmark rate in order to accelerate the transmission of the central bank's policy easing. 
This will, therefore, result in reduced EMI for housing loans, vehicle and other retail loans by directly linking repo rate to the interest rates which means the moment reduction happens, it will directly benefit end customers," Sitharaman said. Industry players had raised concerns about penal provisions in the Companies Act, 2013 for non-compliance with CSR requirements. "In other words, the pre-budget position is restored.The Finance Minister also assured the industry that tax authorities will not "overreach" in line with Prime Minister Narendra Modi's message of respecting wealth creators.BS-IV vehicles purchased till March 31, 2020, before the country switches to lower-emitting BS-VI vehicles, would continue to be operational valid for till their registration period.

The government has set fiscal deficit target of 3. In the real estate space, the number of unsold homes has increased while fast-moving consumer goods companies have reported a decline in volume growth and lending to job-creating MSMEs by banks has actually slipped.While the applicability of higher income tax surcharge on those earning more than Rs 2 crore a year has been withdrawn for foreign and domestic equity market investors, demand for auto sector was sought to be raised by slew of measures..So far this year, RBI has cut interest rates by 110 basis points in four installments but banks have passed only a part of it to borrowers.In a bid to give fillip to job-creating Micro, Small and Medium Enterprises (MSME), Sitharaman said pending GST refunds would be done within 30 days, while startups - a major avenue for employment and new entrepreneurship - would be exempt from so-called 'angel tax'. 

The steps include a plan to encourage scrapping of old vehicles and removal of ban on government departments in buying new petrol/ diesel vehicles.Giving relief to startups, Sitharaman said angel tax provisions would not be applicable on # them and their investors.Finance Minister Nirmala Sitharaman, who had been flooded with demands from different sectors after her maiden Budget this year did little to address their distress, promised to continue the reforms and announce more measures next week.India's GDP growth plummeted to nearly five-year low of 5.Also, violation of Corporate Social Responsibility (CSR) obligations would not be treated as a criminal offence and only as a civil liability, the minister said.3 per cent of the GDP for the current fiscal

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January 09, 2020

There is a huge opposition from auto drivers in Bengaluru

Attacking the Centre, Mr Kejriwal said "the ease of doing business will not happen by sitting with Ambanis and Adanis alone, but happen auto parts bearings Suppliers by sitting with common people, shopkeepers, small industrialists, autowallahs and poor people”. 


There is a huge opposition from auto drivers in Bengaluru over a new regulation that mandates Class 8 as minimum qualification for getting a driver’s licence. I will try to meet Gadkariji and apprise him of the difficulties auto drivers could face,” he said addressing auto drivers here.Delhi chief minister Arvind Kejriwal on Sunday said he would write to Union transport minister Nitin Gadkari asking him to withdraw a clause from Central rules, which mandates Class 8 as minimum quali Delhi chief minister Arvind Kejriwal on Sunday said he would write to Union transport minister Nitin Gadkari asking him to withdraw a clause from Central rules, which mandates Class 8 as minimum qualification for getting a driver’s licence.

In the capacity of Delhi chief minister, I will write a letter to the Central government and try to talk, asking for a speedy withdrawal of the clause from the Central Motor Vehicles Rules (Amendment).Prime Minister Narendra Modi should listen to the problems of the auto drivers and solve them, the AAP leader said

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