"Our view is that we cannot take the chance and I mean that three years back when we moved from BS-III to BS-IV we had to follow our competition that put out discounts ranging from Rs 7,000 to Rs 25,000. We don’t make that kind of money on most of our motorcycles. So, it is better to produce BS-VI, to let go of BS-IV because if you are left with BS-IV inventory with the dealers then between the dealer and manufacturer, you are going to suffer a lot of pain,” he said. … [Read more...] about Rajiv Bajaj’s Budget 2020 wishlist: Rollback of mandatory insurance, lower GST on petrol, diesel vehicles
Better risk managementThe government should also look at the loopholes in the risk-management systems in PSBs. State-run banks continue to have weak risk management tools and remain vulnerable to frauds. According to RBI data, there have been over 5,000 incidents of frauds, totaling close to Rs 96,000 crore, in public sector banks during H1 FY20.The RBI has initiated steps to ring-fence the banking system from fraudsters such as revising the rules for co-operative banks. But the government will have to bring in legislation to overhaul the governance structure of the co-operative banking sector more effectively. … [Read more...] about Budget 2020: What lies in store for state-run banks ravaged by bad debt?
Metro services on several routes in the Delhi will be temporarily disrupted on January 26 as part of the security arrangements for the Republic Day celebrations. The Delhi Metro Rail Corporation (DMRC) said in a release that parking facilities at all metro stations will remain closed starting 6 am on January 25 till 2 pm on January 26. … [Read more...] about Republic Day 2020: Here is a list of routes to avoid on January 26, metro stations where services will be disrupted