Wednesday, March 25, 2015

India to borrow over Rs 2500 crore a day

The Union government will borrow Rs 3.6 lakh crore from markets in the first half of the next financial year, which is over 50% of the annual target of Rs 6 lakh crore.
"We will issue long-term bonds of 40 years in early next financial year. It will help us in the long run and will provide stability in the system," Finance Secretary Rajiv Mehrishi told reporters. The total borrowing in the first six months would be to the tune of Rs 3.6 lakh crore, he added.
The government borrows money from the markets through T-bills and other instruments to fund its fiscal deficit.
Giving details of borrowing programme for 2015-16, he said the central government would be borrowing about Rs 17,000-18,000 crore through bonds every week.
The calender for market borrowing was decided at a meeting between officials of the Finance Ministry and Reserve Bank (RBI).
The net borrowing in the first half of the current fiscal would, however, be Rs 2.25 lakh crore, Mehrishi said, adding "government will issue concept paper on switching (of government bonds) in 15 days."
The government, as per the budget papers, plans to borrow Rs 6 lakh crore from the market in the next fiscal, up from Rs 5.92 lakh crore in 2014-15.
However, the net borrowings in 2015-16 will be Rs 4.56 lakh crore, after considering repayments of past loans and interest, as per budget documents.
The budgeted target for borrowing in current fiscal was also Rs 6 lakh crore, but it is likely to remain at around Rs 5.92 lakh crore.
In the financial year ending March, the fiscal deficit has been estimated at 4.1%. In 2015-16, the deficit will be pruned to 3.9%.

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Moto X (2014) gets a cool new feature with Android 5.1 update

Motorola started testing Android 5.1 Lollipopon the second-gen Moto X over the weekend. The update packs in a ton of useful improvements, but it turns out the company also slipped in one clever new feature.
The updated Moto X (2014) includes the ability to quickly launch your flashlight with a “chop twice” action. Just chop twice to turn on the lights, then chop twice again to turn them off. It looks pretty similar to the twist-to-launch camera feature introduced with the original Moto X, which actually turned out to work pretty great. Hopefully this new one is just as useful.
For now the update is limited to the Pure Edition handset sold straight from Motorola, but we’re expecting other Moto X models to get the same improvements before too long. The new chop gesture might even make the jump to lesser Moto smartphones as well, though for now we’re looking forward to trying it out on the flagship Moto X.

Google Glass May Not Be Dead, But It Sure Needs A Complete Overhaul

That’s what Google Executive Chairman Eric Schmidtessentially insisted today in an interview with the Wall Street Journal. Actually, he specifically said it was still very much alive following January’s announcement that the Glass Explorer program was ending and Glass work moving from secret lab Google X to Google itself, under Tony Fadell, who heads Google’s Nest connected home division. Schmidt added that Glass will be the basis of “a big and very fundamental platform.”
But given how much it’s likely to be changed, Schmidt might have been better off pronouncing it dead. If new versions of Google Glass are to succeed, they need to change in a whole host of ways that literally will make it unrecognizable compared with the $1,500 version it sold to bleeding-edge people like me. After using it only intermittently for a year now, I think Schmidt is right that Glass could become a compelling product, but only if:
1) Google hides Glass behind actual glasses. No matter how elegant Google made Glass, that little block of plastic that serves as the screen is simply too weird-looking. In its current form, the device screams, “I’m a Glasshole.” Instead, as rumors indicate, Google will have to incorporate that screen into existing eyewear.
There’s another reason to make Glass disappear. After privacy concerns fairly or not made Glass unwelcome in many public areas, Google took pains to note that it was pretty apparent thanks to a light beside the camera when Glass was being used to take videos and photos. Maybe so, but that just made things worse by drawing attention to it. Privacy advocates may squawk, but if video and image capture is going to remain a key application, it has to be hidden, or else it will always annoy too large a segment of the population.
Google cofounder Sergey Brin wearing Google Glass
Google cofounder Sergey Brin wearing Google Glass
2) Glass becomes less of a data capture device than a way to augment reality. Some folks make a good case that Google got this a bit backwards at least initially. Although Google’s ad business could certainly benefit from gathering more data this way, it may have given shorter shrift to its more fundamental mission to make the world’s information more accessible. Of course, a big component of Glass was the ability to get on the Web and use online services, but Glass would do well to offer many more ways to overlay the real world with useful contextual and location-based information such as turn-by-turn directions.
3) The price drops, by a lot. Sorry, but anything near $1,500 is far too much. Keeping costs down may well mean getting rid of some capabilities, even the video capabilities I personally found useful, or it may require dropping some rumored improvements, such as better sound. More likely, it will mean allying more deeply with makers of eyeglasses so Glass becomes an optional add-on to conventional glasses rather than a separate device.

Monday, March 23, 2015

10 things to be aware of when test driving a used vehicle

Buying a used car should be a straightforward transaction. But if you have little or no mechanical knowledge and are easily persuaded, the used car market can be infested with sharks eager to relieve you of your hard earned cash.
To help save you from unwanted pain, we have come up with a simple checklist to safeguard you against buying a lemon. Here is what to be aware of:

Know what you are looking for

Before you even think of going for a test drive, you need to have a sound idea of what you are in the market for. Start by setting a realistic budget, bearing in mind estimated running costs, like registration, insurance, fuel, servicing and repairs. Next, have a poke around online and create a
shortlist of cars that you feel suits your budget and needs. Research various online forums about each car in your short list and find a balance of good reviews for a car that fits your price guide. Once you’ve narrowed it down, it is time to have a closer look.

Leave your bias at the door

If you find the car you have your heart set on but as soon as you take it for a spin it doesn’t feel right, it is important to trust your instincts. Even if it is the exact model you are after and at the right price, if it feels like a lemon it most likely is. Have the confidence to move on and say: “no thank you”. Be honest with your appraisal and go with your gut.

Make a checklist

This list will be quite extensive if you are not certain what car you want. Your list should include important factors like fuel economy, space, comfort and safety rating. To narrow things down further, include factors such as interior and exterior wear and tear, braking performance, tyre condition, service history, stereo quality and whatever else you value in a car.

Now set a benchmark

With your checklist you’ll be able to compare vehicles easier. Scrap from your list any cars that you doubt and have a column to write notes of your observations after your test drive, like: “slight vibration in steering column when driving at speed,” or, “clunk in the front wheel when turning left”.

Pre-drive test

Before you even start the car there are several things to look for: run your eye along either side of the car looking for any imperfections or odd lumps, then look inside for the same. If there are any bumps, lumps or colours inside the door panels that do not match with the outside, this should sound alarm bells that the car has been repainted and was most likely in a previous crash.

Under the bonnet

Pop the bonnet and check the fluid levels and cleanliness of water and oil. Both should be sitting just under full when the car is cold. Look for any excess oil that has been splashed around, as well as any obvious fluid leaks , worn hoses or belts (i.e. perished rubber).

Tyre check

Drop the bonnet and run your eyes south to the tyres; they can tell you a lot. If they are bald you will obviously have to replace them but it is also a sign of laziness or potentially poor finances with the previous owner, which could be of concern when considering the car’s maintenance record. If the tyre’s wear is uneven, you can presume worn suspension parts, another cost to figure in.

Start it up

It is now time to start the engine. Give it a decent rev and make sure you look out for any signs of smoke coming out of the tailpipe- it is not ideal. Also listen for any strain to start and any clunking or undue rattles.

Get out on the road

If the car has passed the test so far, it is time to take it on the road. You’ll want to encounter a roundabout or winding stretch of road where you can accelerate hard after negotiating tight corners. When you accelerate hard, listen for engine strain and watch for smoke in the rearview mirror as neither of these are good signs. With corners, listen out for clunks and rattles which could indicate worn joints. Do some smoother turns to feel for flat spots or odd sensations in the steering as this is another warning sign. Find a smooth spot where you can brake hard; if the car doesn’t veer to either side nor shudder, you are in luck.

Check the extras

If all this checks out well you may be on to a winner. Finally you will want to test all the extras. Fire up the stereo, the electric windows and all of the other car’s bells and whistles. Make sure everything is fully operative as even the simplest faults may require expensive repairs. Also ensure there is no outstanding finance on the vehicle and that it is registered. If you are still not 100 per cent sure about the car, then get a second opinion. A professional evaluation can be worth its weight in gold if you’ve missed something and will generally only set you back under $200. Happy hunting.

NSW police dog Marco saves man's life

Police dog Marco is being hailed a hero after finding a missing man clinging to a tree in NSW.
Police dog Marco is being hailed a hero after finding a missing man clinging to a tree above a river on NSW's Central Coast.
The 65-year-old was reported missing from an aged care centre in Mardi late on Saturday night.
Police and centre staff searched a nearby railway station, local streets and the edges of Wyong River, but couldn't locate him.
Early on Sunday morning, Marco led Dog Unit Senior Constable Patrick Summers down a steep embankment near Wyong River.
Initial searches around the embankment failed to find the man.
"When Marco continued to point the officer to the same area of the river, the police officer looked through extensive foliage, where the man was located clinging on to a tree branch above water," police said.
He was rescued and treated for minor injuries.

Netflix announces Australian pricing

Highlights• Single-stream standard definition plan for AU $8.99
• Two-stream high-definition plan for AU $11.99
• Four-stream 4K ultra-high definition “family” plan for AU $14.99

Netflix Australia will charge fans just $8.99 per month making it the cheapest TV streaming service on the market.
Ahead of Tuesday's Australian lauch, the US streaming giant announced that it would undercut streaming competitors Stan, Presto and Quickflix by one dollar per month.

Also read: Optus announces Netflix deal: six-month free streaming
Also read: Netflix pricing for New Zealand
Also read: Everything you need to know about getting Netflix
Netflix is offering Australian viewers the latest season of House of Cards plus all three seasons of hit US show Orange Is The New Black.
The $8.99 package will be for standard definition while those seeking ultra definition will pay slightly more at $14.99. Like other TV streaming services, Netflix is offering at free month trial.

In the US, Netflix offers the standard definition single stream service for $US7.99, the high-definition two stream service for $US8.99 and the 4K four stream service for $US11.99.