GST rate on polluting items may be higher

AGUADA, GOA: Within days of India signing the Paris Climate Treaty, Finance Minister Arun Jaitley has said tax on environment unfriendly products will be “distinct” from others in the forthcoming GST regime so as to boost funds for climate financing. “The indirect tax regime that we are planning, the rate of taxation on such products which are going to be environmentally unfriendly would be distinct from the normal rate of taxation. This is one of the proposals being discussed,” Jaitley said ahead of the two-day BRICS Summit beginning here tomorrow. The government is in the process of finalising rates for the Goods and Services Tax. The country has taxed coal and petroleum products in the past as well, Jaitley said, adding that “resources have to …

Toto Wolff and Mercedes open to rescuing F1 German Grand Prix Mercedes is not ruling out a financial contribution to keep the German Grand Prix on the Formula 1 schedule.However, it appears that when the final 2017 calendar is published by the FIA, Hockenheim will not be present after talks with Bernie Ecclestone collapsed. Mercedes boss Toto Wolff joined Ecclestone in not fully understanding why the German event is struggling to make a profit."Maybe it is due to the fact that Michael Schumacher and Sebastian Vettel won so many races and titles," he is quoted by Speed Week.But would Mercedes (a German team) step into the breach and help Hockenheim pay the fee to Ecclestone?"The fact is, when the race was doubtful in the past we offered financial help," Wolff revealed. "So we are...

Mercedes-Maybach S650 Cabriolet debuts at 2016 LA auto show The next model from the Mercedes-Maybach sub-brand has been revealed in the form of an ultra-luxurious version of the S-Class Cabriolet. It joins Maybach’s S600 and S600 Pullman sedans as the sub-brand’s sole convertible. The car is badged an “S650” and limited to just 300 units in total, making it one of the world’s most exclusive drop-tops. And only 75 are pegged for the United States. It makes its debut on Wednesday at the 2016 Los Angeles auto show, finished in a distinct red hue that’s not unlike the color used on Maybach’s 6 concept unveiled during the 2016 Monterey Car Week. Mercedes-Maybach S650 Cabriolet The 650 trim is new for the German automaker and is appropriate as the car has more power than ...

Toyota reveals mobile hydrogen refueller, joins Mirai trio in Australia Toyota Australia has revealed its mobile refueller for hydrogen vehicles, joining the trio of Mirai fuel-cell sedans that currently reside in Australia. Comprising of a Linde high-pressure hydrogen refueller sat on the back of a Hino 700 series prime mover, the mobile hydrogen station will allow the Japanese company to take its three Mirai sedans anywhere in Australia that a conventional car can be driven, despite the country’s lack of refuelling infrastructure. Bernie O’Connor, Toyota Australia’s fuel-cell project sponsor, said the the mobile refueller will be instrumental in showcasing the benefits of the Mirai and hydrogen fuel technology. “The decision to invest in a mobile refueller demonstrates Toyota’s commitment to maintaining its leading role in developing flexible and personal mobility solutions for the next 100 years...

McLaren lets owners extend warranties to 12 years McLaren 570S Design Edition Breathe easy, elite members of society. McLaren is here to make sure you don't have to spend too much money fixing your supercars. How? McLaren is going to let buyers extend their warranty plans up to 12 years. The McLaren warranty is of the extended variety and is a nice jump over the standard warranty offered with the car. Right out of the gate, you're given a three-year warranty with unlimited mileage. Previously, that could be pushed to a seven-year warranty, and now you can back it out to a full 12 years. You can do this in 12- or 24-month increments to suit your ownership period and needs. McLaren isn't providing pricing for the plans. CHECK OUT: Aston Martin AM-RB 001 won’t feature ...

Ford Figo And Aspire Now Get ABS With EBD On Trend Trim The Ford Figo and Ford Aspire carlines have quietly received the addition of ABS with EBD on the 'Trend' trim, thus adding Ford India's name to the growing list of carmakers to offer an increasing number of safety provisions as standard equipment on their respective model line-ups. The Ford Figo and Aspire carlines are offered across a total of five and four trims, respectively, with the anti-lock braking system (ABS) with electronic brake-force distribution (EBD) feature being previously offered only on the top-end Titanium and Titanium+ trims. Airbags are likely to soon be made mandatory in all cars in India

Rosberg named 2016 Formula One world champion after Abu Dhabi Grand Prix Mercedes AMG's Nico Rosberg at the 2016 Formula One Abu Dhabi Grand Prix Mercedes AMG’s Nico Rosberg was crowned the 2016 Formula One world champion after a nail-biting finish to the Abu Dhabi Grand Prix on Sunday. Teammate Lewis Hamilton comfortably won the race, having led from pole, but Rosberg only needed to finish third to win the title. In the end the German crossed the line second 0.439 seconds behind the Briton to secure the second title in his family. (Rosberg’s father Keke Rosberg took home the title in 1982.) There was plenty of drama throughout the race, something Rosberg said he would never like to experience again. Towards the end in particular, Hamilton, chasing his fourth world championship, started to slow, despite team orders to speed up ...

2016 Toyota Fortuner: All You Need To Know The new 2016 Toyota Fortuner has finally been launched in India at a starting price of #8377 25.92 lakh.  It's taken 8 years for the second generation of the car to arrive in India and well, it gets a ton of changes in terms of both cosmetic and mechanical updates. The 2016 Fortuner SUV is now more equipped in terms of features and fire power to compete with the likes of the new Ford Endeavour, Hyundai Santa Fe and even the Chevrolet Trailblazer. We've compiled a bunch of interesting details about the car which will certainly give you a better perspective of the car.  The 2016 Toyota Fortuner is built on the highly modular Toyota New Generation Architecture (TNGA) platform. This platform has resulted in the new Fortuner being lighter yet stiffer, ...