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Transport Ministry of India initiative for Eco-Friendly transportation in the country likely to save Rs 60,000 cr. of fuel

BK Modi, an Indian-born but Singapore-based entrepreneur has offered two electrical buses to the government of India to initiate the implementation of eco-friendly transportation in the country

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Eco-friendly transportation. Image source: Pixabay
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  • The government to analyse various measures for the implementation of FAME
  • BK Modi has offered two electrical buses to the government for the same
  • This initiative will lead to the saving of 60,000 crores of fuel that will benefit transport industry 

Sept 10, 2016: The Transport Ministry of India is undergoing a rigorous exercise of analysis to find the most appropriate ways for the implementation of a policy called FAME (Faster Adoption and Manufacturing of Hybrid and Electrical Vehicles).

The introduction of electrical and hybrid vehicles in India will bring about various changes in the economy as well as in the environment. According to Anant Geete, the Heavy Industry Minister, the functioning of electrical vehicles will save an amount of 60,000 crores in the fuel and also in the vehicle industry, reported The Hindu.

To make sure that the government reaches a point where it gets ready for a practical implementation of this policy, an amount of 14,000 crores is being allocated for this project. The implementation of this initiative will also lead to a tremendous amount of reduction in the pollution caused by the running of petroleum or diesel vehicles.

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B K Modi, the chairman of Smart Group is an India-born but Singapore-based entrepreneur. His company deals in areas of health, finance, and mobility. In a recent interview, he mentioned about his various tie-ups and plans regarding the introduction of eco-friendly vehicles in India. He said, that he has signed an agreement with the BY Danto industry based in South California for the same, quoted businessworld.in.

His company is focusing on the public vehicles initially as this will lead to the testing of this policy in an effective manner. For this, he has also offered two electrical buses to the government for the purpose of having a round of trial but is yet to get a solid reply from the government of India, reported The Hindu.images Nitin Gadkari, the Minister of Transportation, in an event, when questioned about this policy, gave a critical reply.

He said that for the implementation of this policy the government will have to look into various sectors like the roads, public and private vehicle mobility, road map safety, etc.“We are seriously studying the implementation of this policy and will soon approach the cabinet for this” the Minister said.

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Agreeably, the introduction of eco-friendly vehicles in India will lead to a chain of benefits in the economy as well as the environment but also lies with it the greatest matter of concern that is the question of whether our country and our government is actually ready for the successful implementation of it, mentioned The Hindu.

The Nitin Gadkari-led ministry soon needs to find out methods for the implementation of the initiative and let the entire nation drive in a state of developed eco- friendly transportation system. A solid transport budget with the specific amount of money allocation, along with the measurements regarding the various facilities required for the functioning of electrical buses will work well in a country when it is likely to benefit all.

– prepared by Ayushi Gaur of Newsgram

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How To Plan Your Finances Better, This Dussehra

With these 3 tips, you can conquer and rid yourself of financial demons holding you back this Dussehra

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Financial Plans
So, read, research, understand, and then invest to reap substantial returns.

At some point of time in life, you may have created a budget, followed or earmarked investments and tried to take control of your finances. Often, even the most stringent of financial plans, fall flat because of several reasons, such as:

  • Lack of prioritizing financial security
  • Overwhelming amounts of advice
  • Unforeseen circumstances and sudden expenses

In order to streamline your finances, it is important to delve deep and understand what financial mistakes hold you back.

This Dussehra, take a look at the financial shortfalls you need to overcome, and pledge to walk the righteous path. Here’s a brief lowdown on the same.

Bid Adieu To Procrastination
Just sitting and thinking of ways to execute a financial plan is not enough. You need to stop day dreaming in order to act when the time is ripe. Experts believe that in order to reap great returns from the market you need to keep an eye on your investments and keep rebalancing and diversifying your portfolio.

Volatile markets, for instance, are a signal that you need to increase your investments in safe options like FD, commodities, gold, and real estate. On the other hand, you can invest for short-term gains in assets like shares when the market is highly bullish. The trick is to be aware and informed so that you can take the right action at the right time.

Overcome Ignorance And Financial Fear


Ignorance or a bad experience are the main reasons why you may be afraid of doing anything other than storing your money in a savings account. Well, now is the time to conquer this fear. Financial planning starts from the moment you outline your goals and pick and choose assets for your portfolio to achieve them.

Detail out your financial goals and plans like retirement, a world tour with your family, your child’s marriage, and more. Then start putting in money in different instruments corresponding to each goal.

However, in order to decide what assets permit growth, you will have to read about them. The right research will help you gain more knowledge about the varied options, which in turn will ease the decision-making process for you. So, read, research, understand, and then invest to reap substantial returns.

finanancial plans
Choose high interest assured return investments

Lay The Bricks For Your Financial Wellbeing Today
Instead of waiting any further, start your financial journey right now. To begin with, include both short and long-term options in your portfolio. Introduce investments that guarantee earnings to boost your confidence and enjoy your gains.

Choose high interest assured return investments like recurring deposits, pension plans and fixed deposits on the one hand. On the other hand, you can pick riskier high return investments like shares.

Out of all these investments, FDs bring a lot on the table. So, you can choose to invest in varied cumulative and non-cumulative FDs from trusted issuers like Bajaj Finance. These FDs are lucrative in terms of the benefits and the interest rate they offer on your investment. Awarded ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating, Bajaj Finance FDs are credible and assure you up to 8.85% interest on your investment. As you can start investing with a mere sum of Rs.25,000, you have no excuse not to begin.

Financial plans
In order to streamline your finances, it is important to delve deep and understand what financial mistakes hold you back. pixabay

Since applying online is easy and convenient, it’s time to get started now! Choose between a cumulative FD in case you want to enjoy the benefits of compounding or a non-cumulative FD to access the interest as a regular payout.

With these 3 tips, you can conquer and rid yourself of financial demons holding you back this Dussehra and celebrate your financial triumphs for years to come.