Walt Disney World Crowd Calendar Update for July 2018

first_imgShare This!July is here, and we continue our monthly schedule of updates to the Disney World Crowd Calendar.We are taking a wait-and-see approach before making any changes to Disney’s Hollywood Studios crowd levels. With the first week of Toy Story Land being open, we are already seeing wait times at the new attractions settle down. Next month’s update will include changes based on what we learn from July’s data. The increase in Disney hotel promotions suggests that reservations are down. We believe that some people are delaying their trips and waiting until Galaxy’s Edge (the Star Wars land at Hollywood Studios) opens in late 2019. The fall has a few days where Magic Kingdom crowd levels dropped 4 or 5 points. These are days where the park closes early due to a holiday or private party.July 2018The longer park hours and summer heat help keep the crowd levels moderate in July. The new Toy Story Land will draw guests to spend more of their time at Hollywood Studios. The crowd levels predictions at the other parks have been reduced slightly. Take advantage of the early opening times and late closings. Take a break during the peak of the heat, and you can tour the parks with low to moderate crowds.August 2018The summer heat continues, but the crowds start to taper off. School districts starting going back to school in early August. By the end of the month, 80% of students are back in classes. Hollywood Studios crowds will start to moderate and get in line with the other parks. August 17, we see the first 2018 Mickey’s Not-So-Scary Halloween Party at Magic Kingdom. Typically the days between the parties have higher crowd levels. Many guests will avoid the Magic Kingdom on party days due to the shorter park hours.September 2018September has some of the lowest crowd levels of the year. Labor Day weekend is the end of summer crowds. The Epcot International Food & Wine Festival,  free dining, and other hotel promotions are ways that Disney tries to increase attendance. The Halloween parties continue in August, with Magic Kingdom having higher crowds on non-party days.October 2018October will see some weeks with summer level crowds. Many school systems have their fall breaks in October. The Food & Wine Festival continues through November 12. The Magic Kingdom has 18 Halloween parties. Days without a party will have the Magic Kingdom crowd levels in the 7s and 8s.November 2018Besides Veteran’s Day weekend and Thanksgiving week, crowd levels will be low. The Magic Kingdom begins to offer Mickey’s Very Merry Christmas Party. Just like with the Halloween Party, the days between the parties have higher crowd levels. Many school districts have the entire week of Thanksgiving off. Crowds start growing the weekend before Thanksgiving and peak the Saturday after Thanksgiving.December 2018Early December has low crowd levels. Most school districts are in session through Friday, December 21. December 22 is the start of the most busy time at Walt Disney World. Crowds won’t drop until 2019 begins.January-February 2019Crowd levels taper off quickly. By Friday, January 4, 30% of school districts are back in session. Most of the remaining school districts go back to school the week of January 7. There will a bump in the crowd levels for WDW Marathon Weekend (January 9-13), MLK Jr. weekend (January 19-21), and Presidents Day week (February 15-23).March – April 2019Easter Sunday is April 21, 2019. When Easter is late, spring break crowds are spread across more weeks. In 2019, the “spring break” season will span from March 10 to April 21. The weeks of March 17 and April 14 will have the highest spring break crowds.May – June 2019The end of April through most of May will have low crowds. Most school districts are in session and wrapping up the school year. Memorial Day weekend going into the first week of June will have high crowds. In the second week of June, crowds will moderate to typical summer level crowds.last_img read more

JetBlue bets big on Cuba

first_imgPhoto: JetBlue The fact that JetBlue is getting set to launch nonstop Boston-Havana flights from November 10  has implications far beyond connecting two dots on the route map.It seems to signal that the low fare-high touch US airline is, if not exactly staking its future on Cuban connections, at least looking at the U.S.-Cuban market as one worth cultivating for the long term.With the addition of Boston, “JetBlue will operate more than 50 weekly flights between the U.S. and Cuba from every one of our East Coast focus cities,” says John Checketts, the carrier’s vice president of network planning.That means New York JFK, Fort Lauderdale/Hollywood International and Orlando – along with Boston – are all anchors for the beefed-up Cuba service.JetBlue was the first U.S. airline to operate full-blown commercial flights between the U.S. and the once-isolated island nation in some 50 years. Even as many competitor carriers pared back Cuban flights after an initial rush to launch them, JetBlue decided to up the ante instead.READ: No Cigar for US-Cuba flights.The new Boston nonstop is a Saturday-only affair. JetBlue connections to cities such as Detroit, Cleveland and Pittsburgh—among others—will render Havana just one change of planes away for travelers.Boston Logan International looms large indeed in JetBlue’s scheme of things.The airline intends to field some 200 daily departures from BOS in the coming years. JetBlue is also expanding Sunday through Friday flights between Fort Lauderdale/Hollywood International Airport and Havana’s Jose Marti International.FLL is a linchpin for the airline’s Cuban operations, serving as well as Cuba’s capital city, Santa Clara, Camaguey and Holguin.A note to potential Cuba-bound flyers: you must be qualified to a take the trip, belonging to one of the dozen approved categories travel categories outlined by the U.S. Department of the Treasury.And US credit cards generally don’t work in Cuba, so remember to take cash.last_img read more

Jagmohan Dalmiya remains king of Bengal cricket, Buddhadeb cries foul

first_imgKOLKATA: The final tally read – Jagmohan Dalmiya: 61, Prasun Mukherjee + Buddhadeb Bhattacharya + Sourav Ganguly: 56. A day after the Cricket Association of Bengal (CAB) election, a fuming Bhattacharya, synonymous with power in West Bengal, proclaimed that this was a “triumph of evil over good”. But none could,KOLKATA: The final tally read – Jagmohan Dalmiya: 61, Prasun Mukherjee + Buddhadeb Bhattacharya + Sourav Ganguly: 56.A day after the Cricket Association of Bengal (CAB) election, a fuming Bhattacharya, synonymous with power in West Bengal, proclaimed that this was a “triumph of evil over good”. But none could defeat CAB’s president, re-elected on July 30 after a nail-biting election.That is because not everyone was against him. At the Maidan, the city’s hub of cricket clubs, his supporters want Dalmiya to continue the “good work”. Dalmiya’s fight for his last piece of turf, after he lost the elections of Board of Control for Cricket in India last year, had indeed turned murky.TRIUMPHANT: Jagmohan Dalmiya (left) after winning CAB pollsIt took a political hue when the chief minister decided it was his duty to get CAB a new president and fielded Police Commissioner Prasun Mukherjee, while advising Dalmiya to steer clear of the elections. Sourav Ganguly, desperate for a recall to the Indian cricket team, changed loyalties to e-mail the Mukherjee camp alleging the current CAB administrators of ruining cricketers’ careers.But Dalmiya won, and humbly said this was just a platform to fight the BCCI cases pending against him. Bhattacharya, who has never tasted political loss, was taken aback by Mukherjee’s defeat. He now has a lot to answer for-CPM stalwart Jyoti Basu and his own partymen want to know why he interfered with the independent election process of a sports body.Basu has also strongly disapproved of Bhattacharya’s public outburst where he demanded, “I want Dalmiya to leave.”The truth remains. Jagmohan Dalmiya is still the king of Bengal cricket, and that is unlikely to change anytime soon. Meanwhile, the inswings continue.advertisementlast_img read more

Fajardo leads PBA Governors’ Cup BPC race; Durham top import

first_imgHowever, Fajardo’s quest for a record-setting sixth BPC plum is in peril if sixth-seed San Miguel does not make it past the quarterfinals, where it will take on a third-seed Ginebra armed with a twice-to-beat advantage.Meralco swingman Chris Newsome is at distant second with 33.273 SPs after leading the Bolts to the top seed at the end of the eliminations.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingGinebra center Greg Slaughter is at third with 33.091 SPs, San Miguel forward Arwind Santos at fourth with 32.273 SPs, and TNT’s Jayson Castro at fifth with 32.200 SPs.Rounding out the top 10 are Alex Cabagnot of San Miguel (30.273 SPs), Stanley Pringle of GlobalPort (29.444 SPs), Calvin Abueva of Alaska (29.000 SPs), Baser Amer of Meralco (28.900 SPs), and Kevin Alas of NLEX (28.727 SPs). Don’t miss out on the latest news and information. NBA players express frustration with Trump’s words LATEST STORIES MOST READ ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims No more menthol cigarettes: New ban on tobacco, vape flavors Trump to designate Mexican drug cartels as terrorist groups Argentine bishop appears at court hearing on abuse charges Winter storm threatens to scramble Thanksgiving travel plans Meanwhile, Allen Durham is poised to reclaim the Best Import plum for the season-ending conference after averaging 27.82 points, 19.36 rebounds, 7.09 assists, and 1.18 blocks to amass 61.364 SPs.Chasing him for the award are TNT’s Glen Rice Jr. with 55.625 SPs, Phoenix’s Brandon Brown with 54.500 SPs, Blackwater’s Henry Walker with 53.250 SPs, and GlobalPort’s Murphy Holloway with 53.222 SPs.Sports Related Videospowered by AdSparcRead Next Lacson: SEA Games fund put in foundation like ‘Napoles case’ Photo by Tristan Tamayo/INQUIRER.netJune Mar Fajardo is once again on pace to etch his name in the history books as he leads the statistical points race for the Best Player of the Conference in the 2017 PBA Governors’ Cup.The 6-foot-10 giant emerged as the top local performer after amassing 37.900 statistical points (SPs) powered by his averages of 18.5 points, 10.0 rebounds, 2.0 blocks, and 1.7 assists.ADVERTISEMENT Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ View comments Trending Articles PLAY LIST 00:50Trending Articles01:42Despite decorated career, June Mar Fajardo is not yet done: ‘I don’t want to be stagnant’00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Gameslast_img read more

D-League: Zark’s-Lyceum destroys AMA by 24

first_imgJordan delivers on promise: 2 Cobra choppers now in PH The win also allowed Zark’s to surpass its paltry showing in the 2017 Foundation Cup, where it finished 1-9.The Jawbreakers ran to a 15-6 opening salvo and kept their foot on the pedal en route to a 27-point advantage, 109-82, late in the game.Genmar Bragais held the fort for the winless Titans (0-2) with a game-high 29 points and nine rebounds, while Michael Cañete got 22 markers and seven boards.The Scores:ZARK’S BURGER-LYCEUM 109 — Nzeusseu 17, Perez 15, Baltazar 13, Ayaay 12, Jc. Marcelino 12, Tansingco 12, Jv. Marcelino 11, Serrano 5, Cinco 4, Ibañez 4, Marata 4, Liwag 0, Santos 0.AMA ONLINE EDUCATION 85 — Bragais 29, Cañete 22, Manalang 10, Escalambre 8, Casiño 5, Porter 5, Paras 4, Parcero 2, Antonares 0, Garcia 0, Raflores 0, Salonga 0.ADVERTISEMENT SEA Games: PH still winless in netball after loss to Thais ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Marcial brings experience, demeanor to PBA Commissioner’s Office LATEST STORIES Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Quarters: 31-19, 61-39, 81-64, 109-85.Sports Related Videospowered by AdSparcRead Next PBA IMAGESShowing no signs of slowing down, Zark’s Burger-Lyceum waylaid AMA Online Education, 109-85, Thursday in the 2018 PBA D-League Aspirants’ Cup at Ynares Sports Arena in Pasig.Cameroonian big man Mike Nzeusseu led the balanced attack for the Jawbreakers with 17 points, including a rim-rattling dunk over Andre Paras with 2:44 remaining to punctuate the victory, along with 10 rebounds, and two blocks.ADVERTISEMENTcenter_img MOST READ CJ Perez was also one of the seven players who notched double figures in scoring with 15 markers, 14 boards, and five dimes.Wilson Baltazar pumped three treys to wound up with 13 points, Jaycee Marcelino, MJ Ayaay, and Ralph Tansingco all logged 12 points, and Jayvee Marcelino got 11 in the comfortable victory for Zark’s Burger-Lyceum.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingSPORTSPrivate companies step in to help SEA Games hostingAfter gaining back-to-back wins after losing their conference-opener, Jawbreakers coach Topex Robinson praised his wards for sustaining their frenetic pace.“Again, we want to keep on sustaining the energy. We want to change the way the D-League will be played,” he said. “They have to keep up to us rather than us keeping up with the rest of the D-League.” ‘We cannot afford to fail’ as SEA Games host – Duterte PH military to look into China’s possible security threat to power grid BeautyMNL open its first mall pop-up packed with freebies, discounts, and other exclusives Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Don’t miss out on the latest news and information. View commentslast_img read more

Inner City Student Achieves Despite the odds

first_img Renaldo has achieved grades one at the Caribbean Secondary Education Certificate (CSEC) level in Biology, Chemistry, Physics, Human and Social Biology, Additional Mathematics, Principles of Accounts, Literature, English Language and Mathematics. Renaldo Facey, 18-year-old resident of the inner city community of Denham Town, in Kingston, and upper sixth form student of Wolmer’s Boys’ School, is on the right track to realise his dream of becoming a medical doctor. Renaldo Facey, 18-year-old resident of the inner-city community of Denham Town, in Kingston, and upper-sixth-form student of Wolmer’s Boys’ School, is on the right track to realise his dream of becoming a medical doctor.Renaldo has achieved grade one at the Caribbean Secondary Education Certificate (CSEC) level in Biology, Chemistry, Physics, Human and Social Biology, Additional Mathematics, Principles of Accounts, Literature, English Language and Mathematics.He also has five grade-one passes in the Caribbean Advanced Proficiency Examination (CAPE) unit one subjects Chemistry, Biology, Physics, Entrepreneurship and Communication Studies.On Tuesday, November 28, Renaldo was awarded a scholarship from the Board of Supervision’s Outreach and Welfare Committee, in collaboration with the Poor Relief Association, at an Awards Ceremony held at the Mona Visitors’ Lodge in St. Andrew.Present at the awards ceremony was Minister of Local Government and Member of Parliament for Western Kingston, Hon. Desmond McKenzie, who committed to pay the full cost for Renaldo to pursue his Bachelor’s degree after he completes sixth form at Wolmer’s in 2018.“I got a letter from him, and he wrote that letter from his heart. Perhaps the area that touched me most was when he mentioned the challenges he encounters living in Denham Town, and the fact that he did not allow this to take away or to distract him from what he wanted. My commitment to him is that he will never have to ask where the school fee is going to come from to put him through university to achieve,” Mr. McKenzie tells JIS News.“There are many more like him in West Kingston. I’m very proud of him,” the Minister says, adding that he will also present a tablet to the student.Asked how he felt about the Minister of Local Government’s commitment to him, Renaldo says “it is unbelievable.”“Many times I sit down and wonder how I and my family will afford the hefty cost of university, and to be awarded like that was just unbelievable. I’m really happy. I’m elated. I’m ecstatic and really grateful,” he says.Renaldo was the top performer for Wolmer’s Boys’ School in the 2016 sitting of the CSEC examinations. He also ranked third in Jamaica for the science subjects.When asked what was his secret to achieving straight As in his CXC subjects, Renaldo says he has been working very hard and overcoming the challenges.“I want others to believe that they can be successful regardless of what they may be facing,” he tells JIS News.Renaldo says he is receiving strong support from his mother, Ellisa Lambert, and is currently exploring his options as to where he can pursue his undergraduate degree.“The University of the West Indies was my first choice, but since recently, I’ve been widening my horizon and looking at universities abroad, so that might be an option as well,” he notes.Renaldo says he wants to become a medical doctor because the profession will give him the ability to help others in need, especially others living in inner-city communities.“Last summer, I worked at the Bustamante Hospital for Children in the radiology department and just seeing how the doctors were able to use the knowledge which they attained in the medical field to help sick people, I was really inspired and that really bolstered my desire to pursue a career in that field,” he tells JIS News.Renaldo says his drive comes from wanting to make his single mother and community proud of him. Story Highlights Present at the awards ceremony was Minister of Local Government and Member of Parliament for Western Kingston, Hon. Desmond McKenzie, who committed to pay the full cost for Renaldo to pursue his Bachelor’s degree after he completes sixth form at Wolmer’s in 2018. last_img read more

Bahamas and Jamaica bristle following negative US Advisories

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, January 17, 2018 – Nassau – The two number one English speaking destinations in the Caribbean have been put on blast by America when it comes to safety and security and satisfaction and now both countries are in damage control mode.   The Bahamas at its popular Fish Fry at Arawak Cay has seen vendors apologize for any negative experiences and mirroring a message by the Bahamas Government to improve service as security is enhanced, especially for Tourists.In Jamaica, the Minister of Tourism Edmund Bartlett has launched a campaign.   Minister Bartlett says the $3b in earnings and a record setting 2017 with 4.3 million guests landing on their shores is not to be trifled with.   Bartlett on Saturday in Montego Bay at a food handlers workshop said Jamaica must curb the reports of visitor harassment so as not to see a reversal in the gains made.Visitor satisfaction in Jamaica was put at 60% despite the harassment issues noted in a US Advisory.  the Bahamas also got that advisory, but it was more severe saying Fish Fry’s reputation for a down home experience was sullied by reports of crime.#MagneticMediaNews#BahamasgetsnegaiveUSadvisories#JamaicagetsnegativeUSadvisories#BahamasandJamaicadamagecontrol Related Items:#BahamasandJamaicadamagecontrol, #BahamasgetsnegaiveUSadvisories, #JamaicagetsnegativeUSadvisories, #magneticmedianewslast_img read more

Backstage At ACL Fest 2018 With The Recording Academy Photo Gallery

first_imgNews GRAMMY winners the Revolution — (L-R) Bobby Z, Wendy Melvoin, Lisa Coleman, Matt Fink aka Dr. Fink, and Mark Brown aka Brownmark — created legendary recordings with Prince and have been keeping the purple flame burning with their live performance sets. Backstage At ACL Fest 2018 With The Recording Academy | Photo Gallery Visit stars you know and will want to know backstage with us at Austin City Limits FestivalPhilip MerrillGRAMMYs Oct 15, 2018 – 11:08 am Multiple stages with artists across wide ranging genres bring festival season to a spectacular close in Texas as Austin City Limits Festival makes Zilker Park the center of attention for two 3-day weekends filed with live music in October. We were backstage filming up-close interviews and taking portraits with some of the festival’s hottest up-and-comers and most-established artists. Take a look at who we hung out with backstage at ACL. (L-R) Josh Lloyd-Watson and Tom McFarland of Jungle grew up childhood friends in London. They expanded their duo to a seven-piece soul collective, to consistently raise spirits with their rich, funky and inspiring mixes live. Emerging singer/songwriter Jackie Venson is from Austin herself and shouted out her thanks to ACL for not “forgetting about the locals.” Norwegian electronica duo Lemaitre took their name from the Belgian priest who discovered the big bang, which fits their smart grooves well and scientifically suggests that they keep getting more cool. Facebook Live rock/pop favorites Sweet Spirit are Texas’ own and their musical range makes for memorable sets. After a childhood spent listening to movie and vocal classics followed by a college education in jazz, singer/songwriter Molly Burch moved to Austin where her retro-yet-fresh ballads to loss and heartache have helped her break through.Check out our recap for more from Austin City Limits Festival 2018.Backstage At Lollapalooza 2018 With The Recording Academy | Photo GalleryRead more “I love Austin, my music broke here, and so I owe so much to this town,” Elle King told us in her interview, remarking that it was her first time playing the festival. “I think that you have to be cool for Austin to like you.” Photo Gallery: Backstage At ACL Festival 2018 backstage-acl-fest-2018-recording-academy-photo-gallery Brit Dominic Harrison’s Yungblud blends rock with hip-hop with Harrison’s signature high energy. Watching his performance at a recent Lollapalooza afterparty, our writer remarked he got the crowd jumping and might “single-handedly save rock n’ roll with his inspirational lyrics.” Michelle Zauner claimed her stage name Japanese Breakfast because growing up Korean in the U.S., she identified with the influence of Japanese culture here. Beyond being a singer/songwriter with pop influences, her indie stripped-down sound rocks gently while being ambient and transporting. (L-R) Lead vocalist Natassja Shiner and Jack Wilson of Fickle Friends share keyboard duties for the the synth pop quintet whose first album, You Are Someone Else, came out in March 2018. The dark pop musings of Bishop Briggs are often explosively fun, but she shared with us that while playing her new single “Baby” for her parents, her face felt like it was burning when the song reached its chorus. Sharon Van Etten was a multi-instrumentalist and singer as a child, and she later learned the music business behind the scenes. As a performer and recording artist,  2012’s Tramp and 2014’s Are We There were favorites with the critics while both also charted on the Billboard 200. Anticipated in 2019, the indie folk singer’s next release will be Remind Me Tomorrow and she spoke with us about her evolving  “new sound.” Pioneer of western swing, Ray Benson and bandmate Katie Shore of Asleep At The Wheel spoke to us about their latest work and the pleasure of playing “hometown gigs.” Email Hozier spoke to us about how his 2018 track “Nina Cried Power,” with its shout-out to Nina Simone, made him feel more connected to voices of social conscience from the past. Eclectic songster Mikky Ekko began with songwriting, added singing, and has his sophomore album, Fame, coming out next month. In our interview he said he was, “super stoked.” In our picture, his blur seems a metaphor for his busy career. His collaborators include David Guetta, Rihanna and Ryan Tedder. With backgrounds from around the world and changing performance configurations, the Mariachi Flor De Toloache emerged from New York Clubs with their eclectic blend of tradition and innovation, winning their first Latin GRAMMY last year for Best Ranchero/Mariachi Album. Twitter From Liverpool, England, the Wombats were among ACL’s many international artists and notably brought a wombat mascot that started a conga line in the audience. A skilled pianist and guitarist, Gryffin also got his electrical engineering degree before putting it all together as a DJ, producer, remixer, and dance-genre hitmaker. In our interview, San Holo called his first full-length release, September’s album1, “A hybrid between an EDM and indie kind of album.” His blend of electronic music with organic samples creates his own emotional worlds. Emerging artist, R&B singer, songwriter and producer, Amber Mark blends international elements into her own widely admired mix.last_img read more

Maruti Suzuki YL1 Sedan to Be Named Ciaz in India Likely to

first_imgMaruti Suzuki’s all new sedan codenamed YL1 is likely to be called Ciaz in India.The YL1 sedan which has been spied testing in the country for quite some time now is expected to make its debut in the sub-continent at the upcoming Auto Expo 2014. Maruti, the frontrunner in the small car segment seems to be working hard to capture the big car segment in the country in coming years.Maruti is likely to replace its underperforming SX4 sedan in the country with the upcoming Ciaz aka YL1 sedan, reported the financial Times. The Ciaz is likely to take on Verna Fluidic and Vento in the country and is believed to fall in the sub ₹10 lakh price bracket.”The Ciaz is expected to be launched around the festive season this year. The company is targeting initial volumes of about 50,000 a year with exports,” FE quoted an industry source.Earlier reports had suggested that YL1 sedan would be based on a new platform and the design of the car would resemble Suzuki Authentics concept car, which was shown at the 2013 Shanghai Motor Show.The Ciaz is likely to pack the same 1.3 liter Multijet diesel or 1.4 liter K Series petrol engine of Ertiga. Under the hood, it is expected to carry over some of the features of SX4 and Ertiga. Other stipulated features of the car include, 16-inch alloy wheels, keyless entry, push button start, puddle lamps and leather seats. The YL1 is also expected to host a number of safety features, like Anti-lock Braking System (ABS) with Electronic Brake-force Distribution (EBD).Apart from YL1 sedan, Maruti’s long speculated Sports Utility Vehicle (SUV) XA Alpha is also expected to join the arena of 2014 Auto Expo. The vehicle which first made its appearance at Auto Expo 2012 as a concept model, is expected to make its debut at the same show this year. Other attractions of the company will include Maruti Celerio, India’s first car with Automated Manual Transmission (AMT).last_img read more

RBI Holds Rate Says Tracking Govt Fiscal Consolidation and Inflation

first_imgReutersThe Reserve Bank of India (RBI) chose to hold interest rates steady at 7.75%, leaving the possibility of a rate cut after the Narendra Modi government presents its first full budget on 28 February. The RBI last cut rates by 25 basis points about three weeks ago.The central bank has cut its statutory lending ratio (SLR) by 50 basis points, freeing up banks to increase their lending. Statutory lending is the amount of bonds the lenders must set aside, which now comes down to 21.5% of deposits.The RBI asked the banks to use the headroom provided by the cut in SLR to increase their lending to productive sector on competitive terms, to support investment and growth.RBI also announced initiatives to develop markets, including allowing foreign institutional investors to reinvest government bond coupons even after exhausting the investment threshold limit.According to a Reuters poll, most economists expected the RBI Governor Raghuram Rajan to hold rates steady, and to cut rates only after the fiscal budget to be presented by Finance Minister Arun Jaitley on 28 February, provided the fiscal deficit also sees a decline.RBI sought more comfort on inflation continuing to ease and noted that it would await action from the government regarding the nation’s finances.With no new ‘substantial’ developments on the disinflationary process or on the fiscal outlook since January this year, the RBI rationalised it was appropriate to maintain rates.With oil prices tumbling and inflation receding, RBI cut rates in a surprise move on 15 January, by 25 basis points. The investor community is looking forward to the RBI cutting rates to help boost loan off-take and to make cost of funds cheaper. Markets are factoring in further rate cuts over the rest of the year and for inflation to continue to remain subdued, helped by fall in oil prices and bigger-than-expected falls in domestic vegetables and fruits.Consumer prices rose by 5% in December 2014, within the RBI target of 6% by January 2016.last_img read more