World
Creditors agree to proposal for Greece to unblock aid
Greece's international creditors have developed a joint proposal on the reform plan that is being considered for Athens to unblock pending financial aid, an offer that will be addressed shortly by the Greek government, Eurozone sources told Spanish news agency Efe.
 
There exists a “joint document” of the European Commission (EC), the European Central Bank (ECB), and the International Monetary Fund (IMF), said the sources without revealing further details of the proposal or when exactly it would be presented to Greece.
 
Other sources, however, said that Greek Prime Minister Alexis Tsipras was expected to travel to Brussels to meet EC President Jean-Claude Juncker, late on Wednesday.
 
Tsipras has outlined his own proposal to the creditors and said it was a complete programme of reforms in which he has made concessions, adding that the decision was now in the hands of European political leaders.
 
The Eurozone sources said the Greek plan was still "insufficient and not global", which has been a long-standing demand of the creditors.
 
Both parties expect to close this week an agreement on reforms to be applied by Athens to end the fifth and final review of the plan to rescue the country and gain access to the 7.2 billion euros ($8.05 billion) remaining of the second financial programme, deferred in February by four months until June 30.
 
However, the fact that creditors consider the latest Greek proposal to be inadequate and that they have made another offer may even delay the agreement since it remains to be seen if Greece accepts the conditions posed by the institutions.
 
Having recognised that differences continue to persist, the Eurozone insisted that "we are still not there", in reference to a possible agreement.
 
Both parties are aware that an agreement is urgently needed, taking into account that Athens has to cope with a new payment to the IMF.
 
Greece must pay back this week the first tranche of about 300 million euros to the IMF and, in total, must return 1.6 billion euros by this month.
 
Eurogroup President Jeroen Dijsselbloem said on Tuesday in an interview with RTL television channel that even if an agreement was reached this week, an immediate disbursement was technically impossible.
 
This is because, first, a technical agreement is needed which then must be approved in the Eurogroup following which Greece must start implementing reforms before it can expect even a partial disbursement. 

User

SC stays pre-medical entrance test results
The Supreme Court on Wednesday asked the CBSE not to declare the Pre-Medical Entrance Test (PMET) results till June 9 as Haryana Police was probing the leak of the May 4 examination paper.
 
An apex court vacation bench comprising Justice Prafulla C. Pant and Justice Amitava Roy said it would decide whether or not to re-conduct the exam after receiving the police report.
 
The Central Board of Secondary Education was to declare the results on June 5.

User

Jazzing Up the Jazz
The new version of Honda Jazz will attempt to ride on the City’s brand value
 
If there was one car which started the trend of beginning with a high price and then reducing it drastically, thus building up a reputation for itself, it had to be the Honda Jazz, currently waiting to be launched, again, in India. Pushed as a ‘premium’ product in the sub-four-metre hatchback range, the original Jazz had an engine similar to the Honda City—which made it good value for money as well as a star performer.
 
The newer version of the Honda Jazz is expected to come with the same engine as the Honda Brio and the Honda Amaze. Nothing wrong with the size, which is in the 1,200cc range for petrol-engine cars, but certainly it leaves a lot to say about the refinement and seamless delivery as well as fuel efficiency that the Honda City's engine is well known for.
 
So is the Honda Jazz going to be a hatchback version of the Honda City? Not likely; though it will attempt to ride on the City’s brand value. So, initially, we can expect a price which will be way above that of the Brio and probably higher than that of the Amaze as well. Once the dust settles, we can expect Honda to reduce prices. Thereby admirably leaving space for people who bought this ‘premium’ product to say ‘we told you so’ once again.
 

Capturing Road Rage

 
The last fortnight has been full of road-related issues: whether it is the controversy following the judgement in an accident case involving Bollywood actor Salman Khan from over a dozen years ago, or the more recent episodes in Delhi of a bus-driver being killed by a biker egged on by his mother or that of an angry woman being hit by a policeman with a brick (new evidence has surfaced that the woman was also at fault). All these incidents of road rage bring out the pressing need to have some sort of digital recording equipment handy—be it a video camera, mobile phone or any other form of audio-video recording equipment.
 
A good dash-cam costs about Rs3,000 and can be installed in such a way that it can have not only a front view but also be swung around to either side or to get a rear view. Likewise, there are few digital cameras which do not have audio-video recording capacities—learn how to use them.
This may save your life someday. It may, or may not, stand legal scrutiny; it may or may not be evidence in a court of law; but it will help in more ways than one—as the episode of woman and the policeman throwing bricks at each other shows. And having experienced the power of just politely telling a policeman that the dash-cam is on, is more than enough for me to recommend this low-cost electronic product to everybody.
 
No specific brand name; but many varieties are available. Go for one. I have written on this before and am glad to note that taxi and auto-drivers in and around Delhi have increasingly got some fitted; now, it’s time for the rest of us too. 
 
(Veeresh Malik started and sold a couple of companies, is now back to his first love—writing. He is also involved in helping small and midsize family-run businesses re-invent themselves.)

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)