2011-12 Budget Highlights

Highlights of the Budget for 2011-12 proposed by Finance minister Pranab Mukherjee

• Credit flow for farmers raised from Rs. 3.75 lakh to 4.75 lakh
• Allocation for infrastructure raised by 23.2% to Rs. 2.14 crore rupees
• Allocation for education up by 24% to 52 crore rupees
• Substantial increase in alocation for Defence by 11.6% to Rs. 1,64,415 crore
• Exemption limit for individual tax payers raised from Rs.1.6 lakh to 1.8 lakh giving uniform tax limit of Rs.2000/-
• Exemption for senior citizens raised from 2.4 lakh rupees to 2.5 lakh rupees and for very senior citizens at 5 lakh rupees.

Budget favors towards green technologies.

• Basic custom duty on solar lanterns reduced from 10% to 5 %.
• Concessional excise duty of 10% to the vehicles based on fuel cell technology.
• For LED lights the excise duty reduced to 5% and special counter vailing duty being fully exempted.

How is this business idea related electric vehicles?

The Business Idea 


Electric vehicle end users feel embarrassed when their vehicle struck on middle of the road. The idea is to start a professional service base for electric vehicles in various cities where electric vehicles are growing rapidly. Customer can reach us via SMS, toll free call, email or in person. We give instant service for his vehicle and keep the customer spirits high. We plan to draft MOU with EV companies as exclusive service agent. We can rent EVs for nominal prices to reach lower middle class customers. This idea will give hope to EV industry by boosting its sales.


If you like it, Please visit my page on Wagon R smart ideas contest and don't forget to "VOTE" & "LIKE" this idea ! 


http://wagonrsmartideas.com/index.php?option=com_comprofiler&task=userProfile&user=71647

Thank you. 

Congratulation to Egyptians

At last the tyranny of Mr. Hosni Mubarak ended in Egypt yesterday. He served as the President of Egypt since 1981 till now and most of the time the ruling like a military leader by curbing all basic rights of Egyptians. His entire ruling he kept country under emergency law. 

For last 18 days, Thousands of people protested against his government and to his shame, he just wanted to transfer the powers to his deputy and keep the title as "The President" which shows his self centered nature. This decision has added fuel to the protests. Owing to the internal protests and international pressures, he at last resigned from this role. 

In fact, this is success of Egyptians who fought together to get freedom from 30 year old tyranny 

Search page for my portal

My portal http://www.evhub.in & http://www.evhub.biz is basically related business to business and information portal to share valuable information of various business contacts among each other and grow in their business. Other than that lot of technical articles being published on it. But some issues which I think the visitors are facing are

1. The websites are still not well organized despite the great content

2. Using two portals separately and promoting them which is diluting the brand.

Hence thought of making a page where whole information can be searched. I have used google custom search and search results in the same portal which helps the visitors be on my page.

I expect this move will really help the visitors to get one page contact of whole information they are looking for.

They can visit http://www.evhub.in/search and just type their keywords

Petrol hike giving a way for electric bikes in India

Public Sector Oil companies has increased the petrol prices by Rs.2.5 recently. Petrol prices has increased by Rs.10 in last 7 months which is nothing but 22% increase. This is a threat to our economy and automobile sectors. Interestingly this outcome has given a great opportunity for electric vehicle sector to stand and speak their advantages i.e. noiseless, smoke-free drive. Currently the total e-bike industry in India constitutes of less than 5% of automobile sector and looking for a positive market trend. No doubt this is an optimistic change for electric vehicle industry who are looking for a break in their slow moving business.

In addition, government has given subsidy to all electric vehicle manufacturers under SMEV (society of manufacturers of electric vehicles) and fueling its rise. This subsidy will be of Rs.4000-Rs.5000 for electric two wheelers and Rs. 1 lakh for electric cars.

Infact due to the recent hike in petrol charges, the per km cost usage for a petrol bike has risen more than a rupee now. Hence as this trend continues, the petrol will become dearer and per km usage will increase. On the other hand the per km cost of using sealed lead acid battery based electric bike is around 50 paise( including the battery replacement cost for 20,000 km). Hence electric bikes are competitive than its petrol counterparts.

If we foresee the future, electric bikes will be at their high volumes due to the rising trend of petrol world wide.