Nagpur Today : Nagpur News

Every day, more people are applying for personal loans online as it offers credit without requiring you to submit collateral. Now, the rising demand for unsecured loans in case of medical emergencies and any other urgent capital requirement have pushed lenders to make it easier for people to apply for it by allowing digital personal loan applications through their websites. Today, it won’t take you much time to apply for a personal loan and submit all the required documents from the convenience of your home.

Before applying for a loan, you should consider checking out the interest rates to ensure that the monthly EMIs can be managed as per your budget. It would be prudent to remember that if you default on a single payment, your credit score will get reduced drastically, and getting loans in the future would become that much more difficult. Also, your lender will add penalty / bounce charges, making the overall cost of your loan that much more. So, to avoid getting into a debt trap, do make sure to check out the personal loan EMI calculator online. This article will help you in using the online calculator effectively.

Provide Accurate Information:

Here are the values you will be asked to enter while using a personal loan EMI calculator:

• Principal amount
• Interest rate approved
• Loan tenure

Choose from Different Loan Options:

Personal loan calculators can give you an idea of the available options. By using them, you can get an idea to plan your finances ahead of time. You might not get the exact offers as you discover while using a personal loan calculator, but you can get a precise idea about which loan option is best for your requirement. To ensure having the correct information, do check out interest calculators from other lenders and compare the results. Different loan options can have different tenure according to your lender, so do make sure that the tenure fits in with your ability to repay to avoid issues with repayments later.

Figure out EMI of a new loan using personal loan EMI calculator online

You can use the online interest calculator to determine your EMI schedule by playing around with the many options to see what fits best according to your requirements. To begin, you must know how much you can pay to your lender every month after covering your monthly expenses. If you have to secure a big loan, you can choose to opt for a longer tenure so that you get more time to make the repayments for your loan. It is vital to make this calculation to ensure that you won’t default the payment or get additional burden on yourself.

Figure out EMI with an existing loan using personal loan EMI calculator online

At times, you already have a loan and need to apply for a personal loan to get additional credit. In such a case, you should use an online EMI calculator to ensure that your loan application gets accepted. The calculator will help you get an idea if your new monthly EMI obligations along with the one already existing is within your budget. You can find the right tenure for the new loan so that you do not get any issues in making payments later.

Conclusion:

Availing a personal loan can help you get quick credit to fulfil your financial requirements instantly. Still, you need to understand that it is itself a liability and needs to be planned. So, before filling out a personal loan application, do make sure that it won’t hamper your finances in a way that you might have to compromise on your lifestyle in the future.

You can check out an online personal loan EMI calculator to plan out your loan and apply with the right tenure; it will help you plan out your finances ahead of time.

How to Figure Out EMI Online using Personal Loan Calculator?

Nagpur Today : Nagpur News

Nagpur: Traders in APMC markets across the State remained closed on August 225th to press their demand for abolishing mandi-cess

Dipen Agrawal, President of Chamber of Association of Maharashtra Industry & Trade (CAMIT) informed that the traders from all APMC markets across the state remained closed today, the August 25, 2020 in support of their demand to abolish mandi-cess in APMC markets.

CAMIT has been representing state government since long to abolish the mandi-cess of 1% applicable on farm produced traded in APMC Markets. After Government of India promulgated the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020in June this year exempting to trade of farmers’ produce outside theAPMC markets from mandi-cess, the demand to abolish mandi-cess from APMC markets was stepped up by us. We represented at all levels of government and before all forums to abolish the cess to give level playing field to APMC traders.

However, receiving no response/assurance from administration or government to abolish mandi-cess, traders of APMC markets in the state level zoom meeting organised by CAMIT resolved to go for one day token bandh to make our voice heard by government.

The bandh was supported by the Federation of Associations of Traders, Pune and Nag Vidarbha Chamber of Commerce, Nagpur. Members of trade associations working in Nagpur APMC market area namely The Wholesale Grain & Seed Merchant Association, Kanda Batata Bazar Adatiya Welfare Association, Kalamna DhanyganjAdatiyaMandal, YuvaAdatiyaSabji Association, Kalamna Wholesale Mirchi Market Association and Kalamna Fruit Market Association downed their shutters for the day.

Similarly, allAPMC marketsin Mumbai,Navi Mumbai, Pune,Baramati,Sangli,Solapur, Kolhapur, Nashik,Manmad,Satna ,Neera, Paltan, Latur,Barshi,Shirpur,Dondaicha,Nandurbar,Nanded,Ahmednagar etc.wore deserted look.

Dipen Agrawal and Mohan Gurnani of CAMIT has once again appealed to NCP Chief, Sharad Pawar, and Chief Minister, Uddhav Thackeray to abolish mandi-cessto remove the trade barrier inadvertently created for APMC traders in post Farm Produce Ordinance promulgated by Union Government.They also expressed their gratitude towards the traders of all APMC market of the state for the successful one day token bandh.

APMC markets in State wore deserted look due to bandh :Dipen Agrawal

Nagpur Today : Nagpur News

Nagpur: Arun Group – one of Central India’s leading business groups with over 60 years of experience commenced operations of its brand-new venture Arun Motors-Maruti Suzuki Arena. Committed to elevating ownership experience, Maruti Suzuki today extended its sales and service network with the inauguration of Arun Motors – Maruti Suzuki showroom and service facility in Nagpur.

Speaking on the occasion, Karan Patni, Managing Director, Arun Motors Private Limited, said, “As we start this new journey, our core focus will be on earning the trust of our customers. With world-class products, an equally important element is to have a reliable, dependable sales and service network to create a differentiated experience for our customers.”

Ravi Joshi – CEO Arun Motors said “The showroom will showcase Maruti’s most vibrant, feature-rich and value-for-money product portfolio, including the Swift, Dzire, Ertiga, Brezza, Alto, S-presso, Eeco, Celerio, and the Wagon R.”

With an ever-growing dealership presence, Maruti’s unmatched services, durable scheduled maintenance parts, and customer-oriented packages will now be extended to more customers in Nagpur with the opening of this facility.

Present on the occasion were Ajay Kumar Patni, Vijay Kumar Patni, Kunal Patni Directors – Arun motors private Limited.

Arun Motor’s new Maruti Suzuki Arena is located in the heart of the city at Patni Plaza, Khamla Square. Customers can walk in any day of the week to experience the new dealership. Customers can also call Arun Motors – Maruti Suzuki Arena on 7709688800 / 7709588800 for a contactless buying experience.

Arun Motors-Maruti Suzuki Arena opens doors for customers in Nagpur

Nagpur Today : Nagpur News

Nagpur: In a bid to lift the pandemic-hit real estate market out of slumber, the Maharashtra government has decided to temporarily reduce the stamp duty.

The Government has announced a 3% reduction in the Stamp Duty from September 1 to December 31, 2020. The benefit will reduce to 2% from January 1, 2021 to March 31, 2021.

Speaking on this major policy decision aimed at boosting the real estate sector, Gaurav Agarwala, Secretary, CREDAI, Nagpur and Director – SDPL, Nagpur said, “Reduction in stamp duty is a welcome move and will provide huge benefits to those wanting to purchase their own property. For the home buyers, the interest on home loans is at all-time low. PMAY subsidy upto Rs.2.67 lakh is being offered to eligible buyers (Ending 31st Mar 2021 for MIG buyers). These benefits could prove to be the right time to own a property.”

“We believe that the residential market is unlikely to offer this palette anytime soon – rationalized pricing, lowest home loan interest rates of 6.85% approx, an extension of credit linked subsidy schemes and developers doling out lucrative schemes and now this is topped with lower stamp duty rates,” he elaborated.

“Affordable and mid-segment properties, which are in maximum demand, will see the most traction from such this move” said Agarwala.

CREDAI has been pursuing the state governments for reduction in stamp duty since the beginning of lockdown. The move will benefit the customer and foster demand creation along with giving a motivation to the real estate sector. The move will definitely stimulate the housing demand and help in converting inquiries into the sales closures before 31st March 2021 as expected.

Maha slashes stamp duty to boost real estate

Nagpur Today : Nagpur News

Marketing Forum of Vidarbha Industries Association is organising a webinar on “The future of Customer Experience (CX)” on Saturday, 12th September 2020 from 5.00 pm to 6.30 pm on Zoom.

Amishi Mehta, an International Business Coach & Consultant, Life Coach, Innovative Skills Corporate Trainer, Author, Speaker, Invited visiting faculty for Business & Entrepreneurship – NMIMS, Mumbai, will be the key speaker.

Key takeaways for the participants are to learn what the future of CX looks like in various Industry verticals and Best Practices in B2B for future Customer Experience CX.

It’s a free webinar, kindly join @ 4.50 pm on Zoom https://us02web.zoom.us/j/81052537760 or Meeting ID: 810 5253 7760.

For details contact Anuja Sharma, Chairperson of VIA Marketing Forum 9823119533 or Mili Juneja, Convener of VIA Marketing Forum on 8446655664 or VIA : 0712-2561211.

Members, industrialists, marketing professionals and interested persons are requested to kindly join the session by zoom, says a press note issued by Chairperson of VIA Marketing Forum.

VIA Marketing Forum holds webinar on future of customer experience

Nagpur Today : Nagpur News

Hon’ble Union Minister of Textiles, Government of India, Smriti Irani will be inaugurating and launching the e-Commerce Multivendor Portal “www.vialewudyojika.com” of Lady Entrepreneurs’ Wing Vidarbha Industries Association on Friday, 18th September 2020 from 4 pm on Zoom.

On this occasion, she will be addressing the LEW members and budding entrepreneurs on “Women Empowerment through Entrepreneurship.’

This is an attempt to provide an online platform for lady entrepreneurs to expand their businesses and add to their customer base on a continuous basis. It’s an opportunity to showcase their products globally and create their valuable brands. The vendors on this portal will get a benefit of widening the scope of their businesses on a new and modern platform. Clothing, Khadi clothes, Painting, fabric painting, Bags, Electronic Goods, realtors & developers, Herbal products, Imitation Jewelleries ,Real Flower jewelleries, Art & Handicrafts (Paper mache dolls, Thread painting ,glass mosaic, Resin Art, Decorative Candles), Dry fruits, Essential Oil, Bhagwan ke Vastra Shringar and many more items.

For details and registration in e-commerce site may contact Madhubala Singh, Project Director (9730103581) or Rashmi Kulkarni, Coordinator (9503129080) or VIA LEW Chairperson Manisha Bawankar (7387002535) or Poonam Lala Secretary (9823071939) or VIA 0712-2561211.

Program is open for all, members of the LEW, lady entrepreneurs, interested ladies are cordially invited to join the session @ 3.45 pm in large numbers on zoom https://us02web.zoom.us/j/82243395401 or ID : Meeting ID: 822 4339 5401

Inauguration of “e-Commerce Multivendor Portal vialewudyojika” by Smriti Irani on Friday, 18th Sept at 4 pm on Zoom

Nagpur Today : Nagpur News

“Chartered accountant are the warriors who can protect country from financial crisis”– CA. Pranav Ashtikarconveyed, while speaking as the Guest Speaker in a webinar held for CA students by Nagpur Branch of WICASA of ICAI. The aim of this webinar was to make quality use of quarantine time and abreast knowledge of the students about The Prevention Of Money Laundering.

He discussed the practical cases – Scams that have shaken the Indian Economy. Various cases that have been adversely affected the economy were discussed in details by the speaker. He also explained what is money laundering, methods of money laundering. He discussed the ways a CA can find out the instances of money laundering during audit. He also explained the purpose of establishment of the Financial Action TASK Force and its objectives.

CA. Kirit Kalyani, Chairman of Nagpur Branch of ICAI, welcomed the CA Students, for the webinar. He congratulated the Team WICASA for ensuring that no stone of efforts is being kept unturned, even in these testing times of lockdown and organising webinar on Prevention of Money Laundering Act, which is very apt, on the occasion, when various scams have badly affected our economy, he opined. The ventures and events for the benefit of CA Students, including the webinar are really apt and helpful to students fraternity to sharpen their knowledge bases, he remarked. He welcomed CA. Pranav Ashtikar and thanked him for agreeing to share his experience to the future of profession. Before signing off, he extended good wishes to students for their academic career and wished to have fruitful session ahead.

CA. Akshay Gulhane, Chairman of Nagpur Branch of WICASA, in his welcome address threw light on the importance of the topic on which webinar was conducted. “WeatWICASA plan to do such article development programmes which consist of academic as well as personality development”. We at WICASA plan to do various webinars for making the quarantine phase, productive and informative, he remarked. He appealed the students to keep in touch with the efforts of TEAM WICASA, for taking maximum benefit from such deliberations. He shared future plans of Team WICASA including webinars of academic and extracurricular relevance and felt proud to have strength of WICASA Nagpur 2020 Committee, by his side.

CA. Suren Duragkar, Immediate Past Chairman Of Nagpur Branch Of ICAI, stated the importance of staying home during this lockdown due to this pandemic. He also told every student to download the ‘AAROGYA SETU APP’. He also welcomed Guest Speaker CA. Pranav Ashtikar, for the webinar and wished all good wishes to the Team WICASA.

The webinar witnessed attendance of around90 students. The session proved interactive because of question answer session, in the end, in which students raised questions related to the topic and the speaker resolved the same.

The webinar was ably conducted by Nagpur WICASA Team comprising of Vice-Chairperson – PradnyaRaut, Secretary – Anmol Chandak, Joint Secretary – Kritika Iyer, Treasurer – Mukul Soni, Joint Editors –Kajal Shahu and Samyak Modi and Co-Executive Member – Akanksha Shinde.

Nagpur Branch of WICASA organises webminar on prevention of money laundering act

Nagpur Today : Nagpur News

Central Mine Planning and Design Institute (CMPDI) is an integral part of CIL and will not be separated from it. CMPDI is an in-house planner and guide for CIL’s coal-producing companies and will play an important role in pursuing the target of producing one billion tonnes of coal by 2023-24 by the coal behemoth.

During 2019-20, CMPDI, the consultancy arm of CIL added 7.8 BT of Coal resources, highest ever coal resources estimated by CMPDI in a year since its inception, through Detailed Exploration covering an area of about 292 sq. km through preparation of 25 Geological Reports. In addition to this, about 9.75 billion tonnes of new resources were estimated through Promotional (Regional) Exploration covering an area of about 140 sq. km through 6 Geological Reports. CMPDI has carried out 12.94 lakh metres of drilling under Detailed Exploration and 1.16 lakh metres of drilling under Promotional (Regional) Exploration during 2019-2020.

Additionally, 32 Project Reports were prepared in 2019-20 by the consultancy company with a capacity addition of about 178 million tonnes per year. CMPDI also played pivot role in providing technical consultancy of 35 nos. of First Mile Connectivity projects of CIL meant for environment friendly mechanized handling and dispatch of coal apart from various other activities.

CMPDI, a Miniratna Category-I company and fully-owned subsidiary of Maharatna company, Coal India Limited, headquartered at Ranchi has seven strategically located Regional Institutes at Asansol, Dhanbad, Ranchi, Nagpur, Bilaspur, Singrauli and Bhubaneswar for catering to the consultancy requirements of each of the coal producing subsidiaries of CIL. Its business functions include consultancy and support under one roof for mineral exploration, mine planning & design, infrastructure engineering, environmental management, coal preparation, research & development mining and management systems, especially to the mineral, mining and allied sectors, both within and outside the coal industry and country.

CMPDI also assists the Ministry of Coal and Planning Commission for strategic decisions related to the coal-sector at the national level. It also maintains inventories of coal deposits, coal mining potential, operations, etc. Functioning as a nodal agency on behalf of Government of India, CMPDI does exploration work in non-CIL blocks, monitors R&D activities under the S&T funding by MoC and R&D funding by CIL. It also has the CBM Clearing House established at HQ Ranchi and funded by the USEPA of USA and CIL. It also liaisons between MoC, CIL and CIL’s coal producing companies on technical and operational matters.

CMPDI not to be separated from CIL

Nagpur Today : Nagpur News

The latest round of expansion comes post roll-out of the 1,000th unit of ZS EV in the country Nagpur, October 1st, 2020: MG (Morris Garages) Motor India on Thursday launched the pure electric internet SUV – MG ZS in Nagpur, MG ZS EV at an inaugural price of INR 20.88 Lakhs (Ex-showroom). Now the new age super SUV is also being embraced at Nagpur showroom by the owner of Nangia Cars, Mr. Akshit Nangia & Abhimanyu Nangia at Nangia Cars, Plot No. 33B, MIDC, Hingna, Nagpur, Maharashtra 440016. Mob.: 7775022000.

The company will commence pre-bookings from today, at a booking price of Rs. 50,000, at dealerships across these cities and on the MG Motor India website (mgmotor.co.in). The latest expansion will make MG ZS EV available in 21 cities across India. MG will simultaneously develop the EV ecosystem across these cities by deploying superfast charging infrastructure and extending on-road charging facilities.

Commenting on the expansion, Gaurav Gupta, Chief Commercial Officer, MG Motor India, said, “India is today taking steps in the right direction in the green energy and infrastructure space and we appreciate the recent steps taken by our central and state government in the field of EVs. These steps will contribute to an increased demand for EVs in India in the long-term. In the light of these developments, we are delighted to initiate the next phase of our ZS EV expansion which will work towards driving superior EV adoption in the country.”

MG Motor India has active partnerships with TATA Power and Finland-based Clean Energy major Fortum for the development and maintenance of fast-charging stations across the country. The marquee automaker is also creating an ecosystem of advanced EV capabilities in India. Its comprehensive approach includes promoting relevant innovations as part of its MG Developer & Grant program. All MG dealerships are further equipped with CCS/CHAdeMO fast-charging standards, available to all compatible EVs.

As part of the 5-way EV charging ecosystem, each ZS EV comes with an on-board cable to charge anywhere. Customers can also get an AC fast charger installed at their homes/offices, free of cost, through MG’s association with eChargeBays. The carmaker has also partnered with Fortum Charge & Drive India to set up 10 DC 50 kW super-fast charging stations at select MG showrooms in 5 cities. Additionally, it has created an extended charging network via MG dealerships in select satellite cities along key routes. MG provides charge-on-the-go with RSA (Roadside assistance) to its customers.

The ZS EV offers a running cost of less than Re. 1 per KM (estimated up to 1 lakh KMs with preventive maintenance including parts, labour, consumables, and taxes and as per the electricity rates in Delhi-NCR). As MG’s most hi-tech car ever, the ZS EV comes equipped with cutting-edge EV technology and marks an exciting new era for the MG brand globally. The ZS EV is among the UK’s top three best-selling new energy vehicles and boasts strong sales in countries that are adopting EVs at a fast pace like the Netherlands and Norway, making it one of the most successful EVs sold in Europe.

About MG Motor India
Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by many celebrities, including the British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic and innovative brand over the last 96 years. MG Motor India has its car manufacturing plant at Halol in Gujarat.

MG Motor India Launches ZS EV in Nagpur at INR 20.88 Lakhs

Nagpur Today : Nagpur News

From road transport to health insurance, tax rules have changed from October 1.

A slew of changes to direct and indirect taxes announced by the government earlier came into effect from October 1.

Taxes

1% tax deducted at source (TDS) applicable on e-commerce operator on sale of goods.
However, certain exemptions have been provided to some modes or players such as insurance agents or aggregators after the first premium with some riders.

0.1% tax collected at source (TCS) on sellers receiving Rs 50 lakh in the previous year from the sale of goods.
TCS at the rate of 5% imposed on money remitted outside India.
However, if the remittance is made out of a loan taken for higher education, the TCS rate will be 0.5 per cent of the money remitted.

TV sets

Customs duty of 5 per cent applicable on open cell panels, a critical part in TV manufacturing.

Manufacturers say this will make TV sets costlier, but finance ministry sources allay fears over any major hike in prices.

Road transport

No need to carry physical copies of registration certificate and driving license, soft copies will do.

Mobiles can be used navigating routes in such a manner that these don’t disturb drivers.

LPG cylinders

No free cylinders under Pradhan Mantri Ujjwala Yojana.

Health insurance

Prices of premium health insurance will rise as new rules come into effect.

Credit cards

Permission will have to be taken from banks if plastic cards are to be used outside India.

People will now be able to register for preferences such as opt-in or opt-out services, spend limits, and other services for online transactions, etc.

Ban on blending with mustard oil

No other oil can be blended with mustard oil, according to new norms by the food regulator FSSAI.

All you MUST know about the new tax rules

Nagpur Today : Nagpur News

New Delhi/ Nagpur : Maintaining a status quo for the second time in a row, Reserve Bank of India on Friday decided to keep the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying more rate cuts in the future if the need arises to support the economy hit by the Covid-19 crisis.

The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the central bank’s Monetary Policy Committee (MPC).

Consequently, the reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with RBI.

Sponsored
He said MPC voted for keeping interest rate unchanged and continued with its accommodative stance to support growth.

RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

The 25th meeting of the rate-setting MPC with three new external members — Ashima Goyal, Jayanth R Varma and Shashanka Bhide — began on October 7. This is the maiden meeting of the new members who were appointed just a day before the meeting for a term of four years.

The MPC meeting earlier slated for between September 29 and October 1 was deferred for the first time as government failed to appoint external members before the scheduled date.

The government moved the interest rate setting role from the RBI governor to the six-member MPC in 2016. Half of the panel, headed by the governor, is made up of external independent members.

The MPC has been given the mandate to maintain annual inflation at 4 per cent until March 31, 2021, with an upper tolerance of 6 per cent and a lower tolerance of 2 per cent.

RBI keeps key interest rate unchanged at 4%

Nagpur Today : Nagpur News

Nagpur/Mumbai : Real estate brokerage firm PropTiger on Wednesday reported 57 per cent year-on-year decline in housing sales across eight major cities at 35,132 units due to the Covid pandemic, but said sales have recovered significantly from the previous quarter. During July-September 2019, sales of residential properties across eight cities stood at 81,886 units.

However, September quarter sales rose 85 per cent from the April-June quarter on the back of pent-up demand following the nationwide lockdown, according to the Real Insight Q3 2020 report released by News Corp-backed PropTiger through video conference.

The eight cities tracked by PropTiger are Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai Metropolitan Region (MMR) and Pune.

“We are beginning to see green shoots all across the economy including the residential sector. Although sales and launches have declined year-on-year, but the demand and supply have gone up significantly from the April-June quarter,” PropTiger and Housing.com CEO Dhruv Agarwala told reporters.

He termed the current festival season as a crucial period for the real estate sector which will determine the demand outlook for the next 12 months. With housing prices remaining stable during the last five years and interest rates on home loans at 15 year low, Agarwala expressed confidence that sales would rise significantly during the current quarter. The discounts and freebies offered by developers during the festive season would also aid in driving demand, he said.

Housing sales dip 57% in July-Sep

Nagpur Today : Nagpur News

• Adds D-Max Super Strong with 1,710 kg payload to its wide range
• Refreshed looks and aggressive styling
• Many first-in-segment features

14 October, 2020, Chennai: Isuzu Motors India launched the much-awaited, BS VI compliant D-Max Regular Cab and D-Max S-Cab in India, today. Expanding the commercial vehicle range, the company added a new variant D-Max Super Strong with a 1,710 kg payload, to lead its commercial vehicle range. With the addition of this new vehicle, Isuzu Motors India now offers the D-Max Regular Cab High-Ride with flat deck, D-Max Regular Cab-Chassis, S-Cab Standard-Ride, S-Cab High-Ride and the new D-Max Regular Cab Super Strong, offering more versatile options for all business and professional requirements.

Powered by a 2.5 litre ISUZU 4JA1 Engine, the enhanced range of commercial vehicles project an aggressive stance with their new styling and refreshed design. The vehicles are launched with many first-in-segment features in the commercial vehicle category in the industry. The D-Max Regular and D-Max S-Cab will be available in Splash White and Titanium Silver colours along with the all new Galena Grey colour. The new D-Max Super Strong would be priced at ₹ 8,38,929/- (ex-showroom, Mumbai). There will be an attractive introductory price for the entire D-Max range for the upcoming festive season (on limited stock).

The refreshed models come packed with added features both on the exterior and interior. The distinctive exterior is more aerodynamic in design. It sports a bolder look with the new grille, bonnet and bumper designs. It is further highlighted by new headlamp design integrated with turn indicators.

As a first-in-segment, Isuzu has equipped both the vehicles with Variable Geometric Turbocharger that allows effective fuel burn. Equipped with an effective set of After Treatment Devices including LNT (Lean NOx Trap), DPD (Diesel Particular Diffuser) and P-SCR (Passive Selective Catalyst Reduction), the vehicles effectively manage treatment of the exhaust gases and particulate matter. The Isuzu D-Max Regular Cab and S-Cab are the only vehicles in the segment with an electronically controlled EGR (Exhaust Gas Recirculation) system.

Both the models now come with the MID (Multi-Information Display) cluster with GSI (Gear Shift Indicator) that enables the driver to use the ideal gear in any driving condition ensuring best of the vehicle in terms of torque, fuel management and drivetrain durability.

Isuzu Motors India launches BSVI compliant Cabs

Nagpur Today : Nagpur News

THE 76th annual general meeting (AGM) of the Nag Vidarbha Chamber of Commerce (NVCC) was held at Naivedhyam Northstar, Plot No 116, Chhindwara Road / Saoner Road, village Nanda, opposite Nanda Bus Stop, Koradi, Nagpur on October 21. In the meeting, the members re-elected unopposed Ashwin Mehadia as President of NVCC, Arjundas Ahuja, Vice-President, Farooquebhai Akbani, VicePresident, Sanjay K Agrawal, Vice-President. These members were elected to the office bearers of Executive Committee of the Chamber for the year 2020-21. Newly elected President Ashwin Mehadia convened the 1st Executive Committee Meeting at the Chamber premises at 4 pm.

After brief introduction of newly elected Executive Committee members, the Executive members unanimously elected Ramawtar Totla as Secretary, Sachin Puniyani, Treasure, Umesh Patel, Joint Secretary, Shabbar Shakir, Joint Secretary, Swapnil Ahirkar, Joint Secretary and Rajubhai Makhija, PRO.

The members which were declared elected un-opposed as Executive members for the year 2020-21 were as follows:
Abhay P Agrawal, Chandumal Maghanmal, Deepak O Agrawal, Dyneshwar Rakshak, Gajanand B Gupta, Ghanshyamdas Chhabaria, Hajarilal Agrawal, Maheshkumar Kukdeja, Manoj N Laturia, Mohan Choithani, Narayan Toshniwal, Natwar A Patel, Prabhakar Deshmukh, Pratap Motwani, Rajan Agrawal, Rajesh SThakkar, Rajkumar Gupta, Rajwantpal Singh Tuli (Goldy Tuli), Raman Paigwar, Sandeep B Agrawal, Sanjay Pacheriwala, Santosh Kabra, Saurabha Agrawal, Suryakant Agrawal and Virendra Chandak. The members that are co-opted in the 1st Executive Committee Meeting for the year 2020-21 were Shankar Sugandh, Hussain Noorallah Ajani, Mohan R Gattani, Abhishek Dilip Jha, Ram Khubchandani, Ramesh Umathe, Madhur Satish Bang and Manish B Jejani. NVCC is one of the leading trade bodies in Vidarbha

Ashwin Mehadia re-elected as President of NVCC

Nagpur Today : Nagpur News

At an online meeting with the Vidarbha Economic Development Council (VED), LK Gupta, former Managing Director & CEO of Essar Oil Ltd and Vadinar Power Co. Ltd., came to a logical conclusion that a refinery, but necessarily with a petro-chemical complex, was feasible in Vidarbha, which in ten years of its functioning would transform the region totally. Relevant questions regarding potential investors, amount of investment, capacity of refinery etc. were clarified by him.

Today, it is generally being felt that with an increasing number of battery-operated vehicles, the use of petrol would be minimized, but Gupta felt that was not to happen anytime soon, and anyway, a Greenfield refinery in Vidarbha would take a minimum of 7-10 years to set up and be functional.

Do we need one at all was the moot question. Right now no refineries are coming up as it’s not easy to implement such a task as today refineries are not as simple as they were 20 years back. Today, they are very complex where the future is not in refinery alone, but in refinery with a petro-chemical complex for it to be market-friendly. Investing in a refinery alone would not make sense. So then, investment would be much higher too.

Gupta felt that we do need a refinery. If petroleum revenues are lost we would have to incur a loss of 10 lakh crores, not an amount to be sneezed at. Looking at it practically, a shift from petroleum to electricity vehicles would take a long time. In future we think of 8-10% growth, for which the number of electric vehicles would not be enough.

Essar has put up a product terminal in Wardha as there’s a demand for products there, so Vidarbha can be a good place for a refinery. All products besides petrol, diesel, and gas coming from refineries have good demand in Vidarbha like PetCoke for Cement, PetroChemicals for IndoRama etc. As experts say the demand for coal may reduce with more green energy, Vidarbha coal may be converted into gas or crude oil which would further help refinery.

The crucial ingredients for it are:
1) Land – 90% has to be acquired by the investor while the Govt would give 10%. The desirable area requirement for such a huge project is around 10,000 acres (including the ownship) for which 1/3 is mandatory green/forest cover, hence refineries are huge assets. Another 2000 acres are needed for the downstream ancillaries. If land is at 1 crore per acre as in Ratnagiri, it’s exorbitant.

2) Water to run a power plant for the refinery and for cooling the boilers as they run at very high temperatures. 20 million litres of water are needed per day, There are rivers and a dam near Kuhi, which is the place in Vidarbha being suggested by VED, as opined by Pradeep Maheshwari, VP-VED, who initiated the refinery project.

3) Coal for a coal-fired power-plant. Coal could come from WCL but it’s doubtful as it is Govt of India undertaking and diverting it to a refinery may not be possible.
The main ingredient, however, is political support as it’s a national asset, whether it is set up by private of public sectors.

Who can set it up? For an investment of Rs. 70,000 crores for an 18 MT refinery and petro-chemical complex, only the Govt. could step in, not private players.
There’s a good chance as a joint venture with the refinery in Ratnagiri, a 60 million tonnes (MT) refinery. Gupta made the practical suggestion of having a part of that in Vidarbha. The one in RatnagIri along with the one in Vidarbha could be 30 MT each. Even getting insurance for one single plant in one place for such a big project is very difficult.

In port-based refinery (Ratnagiri) it is easy, but in the hinterland (Vidarbha) putting up a pipeline up to the port is not easy. Right-of-way is needed for the pipeline along highways and if that happens then it’s fantastic, otherwise it could be a big problem. Govt. would like to assist you as they don’t need to spend.
If land, water and coal can be made available, with two mother units (Ratnagiri and Vidarbha) it is feasible. Since it brings tremendous growth, a petro-chemical complex, along with downstream units around the area, could transform Vidarbha in 10 years, and Vidarbha would become a different Vidarbha altogether, if it is diverted from Ratnagiri. But, Gupta reiterated time and again, that Govt. and political support are a must. Central and State Govts. have to see eye to eye, only then it is possible. Port-based or hinterland-based is not an issue at all. In design, implementability, viability there’s no difference in Ratnagiri or Vidarbha; in fact, Gupta felt that Vidarbha would be better.

Direct employment would be 2 – 2,500 (they employ only officers, no labourers) and direct, indirect and downstream, all inclusive, would be massive employment of a lakh of people.

Gupta felt that environmental impact and global warming were not great issues as the coal used in the power plant has the lowest sulphur content.
He felt eventually that visionary leadership was the most needed component for such a large project taking off.

Earlier, Shivkumar Rao, President, VED made the opening remarks, Anil Rathi, Chairman – New Investments & Emerging Opportunities Forum of VED, introduced the speaker, and Varun Vijaywargi, Secretary-General, VED, proposed the vote of thanks.

Vidarbha best location for refinery and petrochemical complex

Nagpur Today : Nagpur News

Nagpur: The deadline for filing returns by individual taxpayers for 2019-20 has been extended by a month till December 31.

Earlier, the Income Tax Department announced an extension in the deadline to file belated and revised returns for assessment year 2019-20 (financial year 2018-19) to November 30.

The move was in view of the “difficulties faced by the taxpayers due to COVID-19 pandemic”, the Central Board of Direct Taxes, which is the top policy-making body of the Income Tax Department, said in a statement.

Deadline for filing tax returns pushed to Dec 31

Nagpur Today : Nagpur News

Public charging station to enable cars such as ZS EV to attain 80% charge in 50 minutes

Nagpur,: MG Motor India and Tata Power Corporation Limited inaugurated the first Superfast Charging EV station in the city. Further strengthening the electric vehicle ecosystem, the move is part of MG’s recent partnership with Tata Power for deployment of 50 KW DC Superfast Charging Stations across the country.

The public EV charging station is available to all vehicles compatible with CCS/ CHAdeMO fast-charging standards and is in line with MG’s commitment to provide a 5-way charging ecosystem. The MG ZS EV can be charged up to 80% in 50 minutes at the facility. Other charging options with the MG ZS, India’s first pure electric internet SUV – include – free-of-cost AC fast-charger installation at the customer’s home/office, extended charging network, a cable to charge anywhere and charge-on-the-go with RSA (Roadside Assistance).

Speaking on the inauguration, Gaurav Gupta, Chief Commercial Officer, MG Motor India, said, “Further strengthening the EV charging ecosystem in Nagpur, the partnership aims to provide customers with a robust charging ecosystem to promote the adoption of cleaner and greener mobility solutions. We feel confident that it will pave the way for superior EV adoption in the region. With Tata Power as partner, a renowned major in the field of renewable energy, we are confident that we will create a distinct synergy together.”

Commenting on the inauguration, Mr. Rajesh Naik, Chief – New Business Services, Tata Power said, “Now, more than ever, businesses have to work with a purpose – one of which is to ensure we take responsibility for protecting our environment. At Tata Power, we are heavily committed to sustainable energy solutions. Our collaboration with MG Motor demonstrates our commitment to add impetus to the EV migration in India. Nagpur’s first-ever Superfast Charging EV station is just the beginning and we look forward to quickly adding more cities to this exciting transformation.”

MG Motor India has a total of 10 SuperFast 50 kW charging stations across its dealerships in five cities – New Delhi- NCR, Mumbai, Ahmedabad, Bengaluru, and Hyderabad with similar expansions to more cities. Tata Power, on the other hand, has established an elaborate EV Charging ecosystem with 200+ Charging points in 24 different cities under the EZ Charge brand along with a digital platform to facilitate an easy & smooth customer experience. The MG-Tata Power partnership will involve core values and operating models that are in line with their existing customer-centric approach.

MG ZS EV starts at an attractive price of INR 20.88 lakhs (ex-showroom, Nagpur). In less than a year of its launch, MG has rolled-out more than 1,000 ZS EVs from its Halol manufacturing unit in Gujarat. The ZS EV comes with the “eShield”, with free-of-charge 5-year manufacturer warranty for unlimited kilometers on the car, 8 yrs /150k km warranty on battery and includes round-the-clock roadside assistance (RSA) for a period of 5 years, for private registered cars. Apart from eShield, the company has also entered in to a strategic alliance with CarDekho.com who would be offering a pioneering 3-50 plan. CarDekho.com shall provide guaranteed buyback to ZS EV customers at a residual value of 50% upon completion of three years of ownership.

EV charging Point Nagpur Address.

MG Nagpur
33B 1/4 HINGHNA MIDC, OPP NANGIA SPECIALITY HOSPITAL, HINGHNA, Nagpur, Maharashtra – 440028

About MG Motor India
Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by many celebrities, including the British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic and innovative brand over the last 96 years. MG Motor India has its car manufacturing plant at Halol in Gujarat.

About Tata Power
Tata Power is India’s largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed/ managed capacity of 12,742 MW. A pioneer in the field, it has a presence across the entire power value chain – generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, trading and coal & freight logistics. With nearly 2.6GW of renewable energy assets in solar and wind accounting for 30% of the company’s portfolio, Tata Power is a leader in clean energy generation. In line with the company’s view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging & storage, distributed generation & rooftops, micro grids and home automation & smart meters. It has successful public-private partnerships in generation, transmission & distribution in India, namely ‘Tata Power Delhi Distribution Ltd.’ with Delhi Vidyut Board for distribution in North Delhi; ‘Tata Power Ajmer Distribution Ltd.’ with Ajmer Vidyut Vitran Nigam Ltd. for distribution in Ajmer; ‘Powerlinks Transmission Ltd.’ with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi; ‘Maithon Power Ltd.’ with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.

With its 105 years track record of technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is poised for multi-fold growth and committed to ‘lighting up lives’ for generations to come.

MG Motor and Tata Power inaugurate first superfast EV charging Station in Nagpur

Nagpur Today : Nagpur News

The Institute of Chartered Accountants of India (ICAI) since its very inception has always provided thought leadership to the generations in a proactive and progressive manner. ICAI has been playing a key role nationally, regionally and globally not only towards the growth of the profession, but also has been contributing to the business, industry and commerce across all sectors.

The reason behind the milestones achieved by ICAI is its hard-work, dedication and commitment of the CA fraternity & senior visionaries who have been guiding the accountancy profession with their selfless dedication, relentless commitment and rich values.

In these unprecedented times of COVID-19 outbreak, the ICAI has initiated number of steps to ensure that the accountancy profession in India is not only having inclusive growth but also to ensure that its members & students are kept updated on various professional matters of contemporary relevance. With our efforts, we are able to reach and connect with the different segments of our membership be it in practice, industry, public service, entrepreneurship or women.

In order to acknowledge the contribution of senior members to the Profession, ICAI has recently launched an initiative “We Care – A Unique Social Security Scheme and Benevolence Program for Senior CAs”, a unique social security and benevolence program for Senior CA members of age 75 years and above. This initiative would provide support to this valuable segment of ICAI fraternity which endeavours for providing respect, continuous engagement, care and support of the Profession by creating a sense of belongingness. The initiative was launched by Shri Arjun Ram Meghwal, Hon’ble Minister of State for Parliamentary Affairs & Heavy Industry and Public Enterprises through virtual mode in the presence of President, Vice-President & Central Council Members of ICAI.

Hon’ble Minister Shri Arjun Ram Meghwal while applauding the efforts being made by ICAI said “Such initiatives are need of the hour as care for elderly has been the pillar of Indian Heritage and our value system. It is heartening to learn that ICAI is taking concrete steps for expressing gratitude towards its elderly members & showing concern for their well-being & extending support to them as & when required.” The Minister further added “This initiative undertaken by ICAI is laudable and will set an example for many other organizations to emulate. This will also instill Indian traditional values in the younger generation & inculcate the sentiments of appreciating, respecting & caring for elders.”

“We Care” initiative aims to take stock of the wellbeing, health, financial condition and any other issue being faced by the senior Members.

On this occasion, CA. Atul Kumar Gupta, President, ICAI said “The Institute assiduously aspires to attain the Absolute Best for all its members and is diligently dedicated to their constant improvement and growth. ICAI stands tall as a facilitator and crusader of affirmative action and thereby letting consequent growth and development flow.”

President, ICAI further added “The Institute, over the years, has garnered paramount respect for meeting business environment changes with decisive action and discerning reaction. This has been possible with the wealth of experience of senior members, their strategic thinking for the betterment of profession & constant support.”

The initiative “We Care” would work for senior members by:

Building a technology based holistic support ecosystem
Dedicated helpdesk for 24×7 assistance
Need based Financial & other assistance for medical treatment & other issues

This initiative of the Institute is a humble attempt to put forward its gratitude towards the senior visionaries of the accountancy profession. ICAI would leave no stone unturned to respect, engage, care and support the senior CA members to live their life with dignity, independence & comfort.

“WE CARE”- An Initiative of ICAI for Senior Chartered Accountants

Nagpur Today : Nagpur News

Vidarbha Taxpayers Association (VTA) has observed that various banks have started charging it customers for their basic fundamental duties, including handling of cash like withdrawal and deposit too, although initially for few transactions there is no charge, however after the limit is over, they charge, which cumulates to considerable amount every month especially on traders’ accounts.

Taking this issue on priority, VTA dispatched a memorandum to Narendra Modi – Prime Minister, Nirmala Sitharaman – Union Finance Minister and Shaktikanta Das – RBI Governor, requesting their intervention and regulating such charges in public interest.

Shrawankumar Malu, president of VTA said, most worrisome part of this situation is that the customer is absolutely unaware of charges being debited to his/her account, its only after the bank statement is reconciled the client gets to know about the total amount levied by the bank. There numerous small and medium traders / retailers sell products in cash including cinema halls, petrol pumps, medical stores and likewise need to deposit their cash almost daily and if such charges are levied by banks on them, it becomes absolutely illogical and illegitimate. Likewise maintaining minimum balance by a minimum wage or similar salaried personal is almost impossible.

Tejinder Singh Renu, secretary of VTA submitted that although such policy by Banks may be supporting ‘Less Cash Policy’ of the Government including Covid-19 pandemic situation; however it should not violate Constitutional Right of the Citizens as per Article 19(1)(g) to practice any profession, or to carry on any occupation, trade or business by causing such unpractical hurdles. Banks need to focus on their Non Performing Assets (NPAs) as those loans cause dent in their profits and in order to reduce their red, banks charge such honest taxpayers for little services which is surely impractical and dishonest.

Under such circumstances, VTA strongly believe and suggest that RBI along with other governances on banks should also regulate charges being levied by them on various services they provide in regular course. Account Holders are never informed about the charges they debit to the respective clients, although traders and businessmen get to know about the same while preparing their accounts, but what about senior citizens, retired personals, small traders and retailers, for them such charges are by all means immoral.

VTA requests the Government and RBI to regulate such charges in public interest as practically every citizen is affected by such charges and if not regulated now, banks have a monopolistic advantage of the same and can become an issue of great concern if not regulated in time.

VTA condemn cash handling charges by Banks; writes to Govt & RBI

Nagpur Today : Nagpur News

Nagpur: The Vidarbha Dall Millers Association conducted the election for the new working committee on November 1. Bhimsen Garg got elected as President, Suraj Agrawal as Vice President and Anand Jain as second Vice President. Rajendra Sharma has been appointed as Secretary.

Rajesh Modi presided on this occasion. All the members of Vidarbha Dall Millers Association were prominently present during the elections. Social distancing and other norms issued by the District Administration were strictly followed.

Newly elected Secretory, Rajendra Sharma compared the programme and also proposed the vote of thanks.

New team of Vidarbha Dall Millers Association elected