Never miss a story

Get subscribed to our newsletter


×
It will re-establish our brand in the hearts and minds of sports car fans. Pixabay

Finance Minister Nirmala Sitharaman has said that the tax proposals in the Union Budget for FY20 on fossil fuels and electric cars must push people to avoid polluting fuels and adopt either electric vehicles or public transport.

Sitharaman in an interaction with the media said the increase in the duty on petrol and diesel announced in the budget was not meant to hurt the middle class, but address environmental concerns. “If I am investing in better metro connectivity, public transport and better future transport, I would expect a behavioural shift towards using public transport rather than using one’s own car with a single passenger,” the Minister added.


In her budget speech, Sitharaman had announced that the softening of crude oil prices had given her the scope to increase the special additional excise duty and road and infrastructure cess by Re 1/litre each on petrol and diesel.


Finance Minister Nirmala Sitharaman. Wikimedia Commons

“If I had given people deduction for buying affoprdable house, is that for the super rich? Not at all, it is for the middle class. If I have also promoted the use of electric cars in place of fossil fuel vehicles, again, it is keeping in mind the commitments we have made for environment’s sake. I am also helping the middle class to shift from a fossil fuel run vehicle to one that runs on electricity,” she said.

ALSO READ: Nepal Conducts Month-Long Cleaning Campaign to Convert Mount Everest Trash into Treasure

The union government has proposed to impose additional 2 per cent excise duty on petrol and diesel in the budget for 2019-20. With the budget the government has announced an outlay of Rs 10,000 crore for Phase 2 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, or FAME 2 scheme, to boost electric mobility and increase the number of electric vehicles in commercial fleets. (IANS)


Popular

Photo by Rachit Tank on Unsplash

Facebook-owned WhatsApp has finally started rolling out end-to-end encrypted chat backups for iOS and Android users globally.

Facebook-owned WhatsApp has finally started rolling out end-to-end encrypted chat backups for iOS and Android users globally. With the new update, if a user chooses to back up his chat history with end-to-end encryption, it will be accessible only to him, and no one will be able to unlock the backup. Neither WhatsApp nor the backup service provider will be able to access their end-to-end encryption backup.
"With end-to-end encrypted backups, no other messaging service at WhatsApp's scale will provide this level of security for people's messages -- from sending and transit, to receiving and storing in the cloud," the company said in a post. The feature will be rolling out "slowly" for people on the latest version of the app.

black iphone 7 plus on persons hand he feature will be rolling out "slowly" for people on the latest version of the app. | Photo by AARN GIRI on Unsplash

Keep Reading Show less
Photo by Toa Heftiba on Unsplash

Keyur Zaveri, VP of Design at Furlenco shares some ideas that could give your home a rich look.

A luxurious house makeover might seem to be an expensive and overwhelming task but it doesn't necessarily have to drill holes in your pocket. A few small changes and the right decor pieces can make a huge difference to the way your home looks. Keyur Zaveri, VP of Design at Furlenco shares some ideas that could give your home a rich look.

Simplicity is the ultimate sophistication
While it may feel intuitive to keep adding expensive decor to your home to give it the luxurious touch, in today's ageless is really more. Simplifying your space can give your home a classy look. Invest in a few accent decor pieces - a lamp, wall art, decor for a centre table that are cohesive and work well together in the theme of your room as opposed to having numerous things that do not look like they belong together. Resist the temptation to buy over-the-top accessories and unnecessary furniture, which make your home look bulky.

white desk lamp beside green plant Resist the temptation to buy over-the-top accessories and unnecessary furniture, which make your home look bulky. | Photo by Samantha Gades on Unsplash

Keep Reading Show less
Photo by Daniel Romero on Unsplash

India may not see a billion smartphone users even by the end of this decade

India may not see a billion smartphone users even by the end of this decade and there are seven key challenges to achieve 100 per cent smartphone penetration, according to a new report. With the shrinking addressable base for smartphones, India is likely to have 887.4 million smartphone users by 2030, said the report by Gurugram-based market intelligence firm techARC.

The new smartphone user acquisition has been on a decline since 2018, after 4G drove switch to smartphones as it ushered several new use cases and forced feature phone users to upgrade. This, however, is not the case with 5G, which can substantially bring out a new use case for the mobile users compelling the feature phone users to move to a smartphone.

Affordability is the first concern even if users would discover their own use cases. "This is on account of both - investment in the device and the recurring data cost. Even to own a device, it's a substantial increase in the outlay for around 200-250 million users who cannot spent more than Rs 1,500 on a mobile device," said Faisal Kawoosa, Founder and Chief Analyst, techARC.

round gold-colored rupee coins and banknotes Even to own a device, it's a substantial increase in the outlay for around 200-250 million users who cannot spent more than Rs 1,500 on a mobile device. | Photo by rupixen.com on Unsplash

Keep reading... Show less