Anston Group Of Companies

Bajaj Dominar 400 Launched In India Priced At ₹ 1.36 Lakh; Targets 20% Share

Lifting curtains off the highly awaited model of the year, the Bajaj Dominar 400 has been officially launched in the country with an introductory price starting at ₹ 1.36 lakh (ex-showroom, Delhi) for the non-ABS version. Bajaj Auto's biggest motorcycle ever begins a new journey for the bike maker in the premium space and the company states that it will be the first in the series of big muscular bikes for the fast growing premium bike segment.Speaking on the launch of the Bajaj Dominar 400, Eric Vas, President, Motorcycle Business, Bajaj Auto said, "We believe that a high quality product with the latest technology and offering high performance should be accessible, unlike what many think that high quality and premiumness is also expensive. So we've priced it at Rs 1.36 lakh to make it accessible to a wide range of customers."Power on the Bajaj Dominar 400 comes from the 373.2cc DTS-i single-cylinder, liquid-cooled, 4-valve engine that is tuned to produce 34.5bhp at 8000rpm and 35Nm of torque at 8500rpm. The motor comes paired to a 6-speed gearbox and also gets a slipper clutch, a first for any Bajaj offering. The bike comes with 43 mm telescopic front forks and an adjustable monoshock rear suspension, while braking performance comes from 320 mm front and 230 mm rear disc brakes. The bike also gets dual-channel ABS.In terms of styling, the Bajaj Dominar 400 retains the muscular and aggressive lines. The design is attention seeking and mixes a sports bike style with the stance of a cruiser. Furthermore, you get full LED headlamps on the Dominar 400, a first in the segment, while it also comes with Automatic Headlamp On (AHO) function as standard.
The Bajaj Dominar 400 will be available in three colours - Midnight Blue, Twilight Plum and Moon White. The bike will be initially sold via 80 showrooms across 22 towns in the country. The company will accept bookings for the Dominar only online for a token amount of ₹ 9000, while test rides and deliveries will happen at the dealerships.The Bajaj Dominar 400 primarily competes against the Royal Enfield Classic 350. With respect to competition, Rajiv Bajaj, Managing Director, Bajaj Auto said, "People can ride the Bullet and if they want to go faster than the Bullet, they can ride the Dominar." And here's everything you need to know about the Bajaj Dominar 400 Bike
The Dominar 400 will also be exported to international markets including Europe, Malaysia, Philippines, Dubai among others, while deliveries in India will commence from January next year. Bajaj is aiming to sell 15,000 units of the Dominar 400 every month, while an annual targeted is marked at 2,00,000 units. The company aims to capture 20 per cent of the market share in the premium motorcycle segment with its newest offering and with that pricing, the number certainly does not seem optimistic.

To counter Reliance Jio, Bharti Airtel to offer free data for 12 months

As telecom customers are ripping the benefits of the ongoing corporate battle among the companies against Reliance Jio, users have one more reason to rejoice.
In order to counter Jio's Happy New Year offer, Bharti Airtel will soon launch a new plan that will offer customers free data for 12 months. Airtel users who will switch to its 4G network, will get the free of cost data for the time span of one year.According to reports, the offer will be rolled out on January 4 and it will last till February 28.
For its new 4G customers, Airtel will give free 3GB/month data for one year.
In the past also to take on its rival, Reliance Jio, Bharti Airtel launched a plan which included unlimited voice calls. In December, 2016, it again unveiled a new broadband plan for fixed-line users along with free calls in Mumbai.
After Reliance Jio launched its welcome offer, later turned into Happy New Year offer, the battle between the telecom service providers is getting uglier. Reliance Jio announced free voice calls and free national roaming along with rock-bottom data prices on the new Reliance Jio network.E-commerce firm Snapdeal has also tied up with Reliance Jio to provide home delivery of SIM cards as part of the telecom's Happy New Year Offer.
To avail this offer, the customer needs to register their contact details and address of delivery on Snapdeal's website.
Snapdeal will then choose their 'premium customers' to whom they will extend this offer.

Here's what you need to know to save taxes in 2017

The tax saving season is here. Tax saving should be done throughout the year but many generally do it in the last two-three months. So, if you are planning tax savings for 2015/16, it will be helpful to know your options.The tax saving season is here. Tax saving should be done throughout the year but many generally do it in the last two-three months. So, if you are planning tax savings for 2015/16, it will be helpful to know your options.
Investments against which you can claim tax deductions
All the following instruments are qualified for a deduction of up to Rs 1.5 lakh under Section 80C.
1) Tax saving equity linked saving schemes: These are equity mutual funds which investment in stocks and related instruments. These funds have a lock-in period of three years. If you want to save tax as well as grow your money , tax saving mutual funds can a good option as equities have the potential of delivering inflation-beating returns.
2) Tax-saving bank fixed deposits: These fixed deposits offer slightly lower return than normal bank deposits but have a lock-in of five years and the interest earned is completely taxable.
3) Investments in Unit Linked Insurance Plans (ULIPs) : These are insurance plans which provide the benefit of investing in equities along with insurance.
4) Contribution made towards Public Provident Fund (PPF): It is the small savings instrument in which you can invest as low as Rs 500 and as high as Rs 1.5 lakh. The rate of interest on PPF was reduced from 8.1 per cent to 8 per cent in October.
The interest rates on PPF like other small saving scheme depends on the yield of government securities of same maturity. The lock-in is 15 years while partial withdrawal is possible after seven years under certain conditions. The investment, the gains as well as the withdrawals are completely tax-free.
5) Investment done in National Payment System (NPS): Contribution of up to Rs 1.5 lakh are allowed under Section 80C. While an additional contribution of Rs 50,000 is allowed under Section 80CCD (1B). So in total you can claim a deduction of up to Rs 2 lakh for your investments made to NPS in a year.
6) Sukanya Sumriddhi Scheme: Under this scheme, if you invest in the name of your girl child aged below 10 years , you can claim a deduction of up to Rs 1.5 lakh under section 80C. You can open an account under the scheme for up to two girl children - in case of twins it can be extended to the third child as well. The account will be closed after 21 years while premature closure is allowed after 18 years under certain conditions. Currently, the interest rate under this scheme is 8.5 per cent and it is subject to revision on a quarterly basis.
7) Employees Provident Fund : The monthly deduction made from your salary towards your provident fund is also eligible for deduction under Section 80C.

Payment against which you can claim deduction
1) Home loan principal payment: If you have a home loan running , you can claim a deduction against the principal repayment under Section 80C. This means, you can claim up to Rs 1.50 lakh against this.
2) Interest on home loan: You are eligible for a deduction up to Rs 2 lakh for the interest on home loan paid under Section 24 in case of self occupied house. While for the second house you can claim the entire amount of interest paid as deduction.
3) Payment of life Insurance premium: This also qualifies for deduction under Section 80C of up to Rs 1.5 lakh. Insurer premium paid for not just Life Insurance Corporation of India but all private insurance companies is eligible for deduction.
4) Payment of health insurance premium: You can claim a deduction of up to Rs 25,000 against the health insurance premium paid for yourself, spouse and children.
5) Payment of Tution fee: You can claim a deduction of up to Rs 1.5 lakh against the tuition fees paid for the admission in school college or university.
6) Leave Travel Allowance (LTA) : If LTA is a part of your salary, you can actually claim a tax deduction on the expenses to cover the cost of travel. Food, hotel accommodation expenses not included in this.
7) House Rent Allowance (HRA): If you are staying in a rented accommodation, you can claim a tax deduction against the rent paid if HRA is a part of your salary.
The minimum of the three can be claimed as HRA
a) Actual HRA received from the employer
b) Actual rent paid minus 10 per cent of your basic salary
c) 50 per cent of the basic salary if you live in a metro or 40 per cent of your basic salary if you live in a non-metro.

Govt issuing new-look and tamper-proof PAN cards

The Government is issuing newly designed PAN (Permanent Account Number) cards that have added security features to make them tamper-proof and with contents written in both Hindi and English, a senior Income-Tax Department official said.
The distribution of new-look PAN cards, being printed by NSDL and UTIITSL (UTI Infrastructure Technology and Services Ltd), started since January 1. The cards are being issued to new applicants but existing ones can only apply for them."The distribution of new PAN cards kicked off on January 1. However, these are only for the fresh lot of PAN card applicants," the official told PTI here.
"We have automated the data and made the PAN cards error-free," he said, adding, "In case existing cardholders apply for a fresh PAN card, they will be issued the newly designed cards."
Keeping in view the Rajbhasha policy of the Government, we have made fixed contents of the new PAN cards bilingual in which the headers are in English and Hindi, he said.
The Government has added a new feature to the card, known as Quick Response Code, which will help in verification process.
The code will help in providing all details of the cardholder in one go as when the document is produced before any authority. Hence, no room will be left for the cardholder to either tamper or give any kind of wrong information relating to the card, the official said.
PAN cards are mandatory for any transaction above Rs 2 lakh and for a lot of other activities like opening of a bank account and as identity proof. There are currently more than 25 crore PAN cardholders in the country.
As per Government estimate, every year 2.5 crore people across the country apply for PAN cards.