New Hyundai i20 ranges from Rs4.7 lakhs to Rs7.67 lakhs

The all new 'iGen i20' from Hyundai will replace the existing i20.

Hyundai Motor India (HMIL) has launched a new version of its premium compact car i20 priced up to Rs 7.67 lakh (ex-showroom Delhi).

The all new 'iGen i20' will replace the existing i20. The petrol variants of the new version is priced from Rs4.73 lakh to Rs6.65 lakh (ex-showroom Delhi), the company said in a statement.

The diesel variants will be priced from Rs5.96 lakh to Rs7.44 lakh and the automatic variant at Rs7.67 lakh (ex- showroom Delhi), it added.

While the petrol variant is powered by 1.2 litre engine, the diesel option has a 1.4 litre engine.

HMIL managing director and CEO BS Seo said the company has incorporated research findings in the new i-Gen i20 to meet requirements of hi-tech and innovative features seeking customers.

The company said it has added new features like the rear parking camera with display in the cabin mirror, electro chromic mirror which offers anti-glare vision during night time driving to the 'iGen i20'.

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COMMENTS

IndianDrives

5 years ago

The diesel variants of Hyundai i 20 is very low as compared to others. Some cool features also added in this pack.

When it comes to finances, most kids approach mothers: Survey

75% of parents surveyed said they were not always honest with their children about their finances. 

According to a recent survey of children age 8 to age 14 and parents, by T. Rowe Price Group Inc. it was found that 54% children approach their mothers first on financial issues compared with about 40% who approached their fathers, reports said.

Parents also conceded that talking to their children about finances was much more difficult than talking about drugs and bullying. However, parents found it easier to have a conversation about sex and puberty.

Roughly 75% of parents surveyed said they were not always honest with their children about their finances. From the total sample size, 43% of the parents said were not honest with their children about their financial worries while 32% told their kids they couldn’t afford some things even if they could.

In February, T. Rowe Price, through San Francisco-based market-research firm MarketTools Inc., conducted a survey of 1,008 parents and 837 children, where it was found that about 58% of the parents reported that their annual household income was between $25,000 and $99,999, while 7% earned $150,000 or more. The results were released in recognition of Financial Literacy Month in April, reports said.

Children said they would like their parents to educate them more about saving, and ways to make money and allowances, in comparison with other issues, reports added.

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RBI cancels co-operative bank's licence

“All efforts to revive it in close consultation with the Maharashtra government had failed and the depositors were being inconvenienced by continued uncertainty,” RBI said in a notification.

The Reserve Bank of India (RBI) has cancelled the licence of The Bhusawal People’s Co-operative Bank Ltd—the Jalgaon-based cooperative bank in Maharashtra, following depositors’ concerns.

“...All efforts to revive it in close consultation with the Maharashtra government had failed and the depositors were being inconvenienced by continued uncertainty, the RBI delivered the order cancelling its licence effective from the close of business as on 22 March 2012,” RBI said in a notification.

RBI took the extreme measure of cancelling the licence of (The Bhusawal People’s Co-operative Bank Ltd) in the interest of bank’s depositors, it added.

With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of the bank, the amount insured as per the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act will be set in motion, subject to the terms and conditions of the deposit insurance scheme, it added.

Upon liquidation, the RBI said, every depositor is entitled to repayment of his/her deposits up to a monetary ceiling of Rs1 lakh only from the DICGC under usual terms and conditions. It further said that the Registrar of Co-operative Societies (Maharashtra) has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Bhusawal People’s Co-operative Bank was granted a licence by RBI on 31 March 1980 to commence banking business.

The statutory inspection under Section 35 of the Banking Regulation Act, 1949 revealed that the gross and net NPAs were assessed at 19% and 15.2% of gross and net advances, respectively, the RBI notification said.

“In view of the deteriorating financial position, the bank was placed under all inclusive directions under Section 35 A of the Act from the close of business as on 25 October 2011,” it said.

The financial parameters of the bank, it added, continued to deteriorate further as revealed during subsequent inspections conducted with reference to its financial position as on 31 March 2007; 31 March 2008; 31 March 2009; and 31 March 2010.

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