The carrier was directed to pay Rs50,000 as compensation to a woman flier for causing her inconvenience by not loading her luggage in the flight
State-run carrier Air India has been asked to pay Rs50,000 as compensation to a woman passenger for not loading her luggage during her flight to Abu Dhabi from New Delhi in 2007.
New Delhi District Consumer Disputes Redressal Forum asked the carrier to pay the compensation on a complaint filed by Sandhya Sharma. In her complaint, she claimed that she suffered great difficulties due to loss of her suitcase during the travel. The suitbase was delivered to her three days after she reached Abu Dhabi.
"Although some compensation of 300 Dirham was given to the complainant by airlines, it is not sufficient for the inconvenience suffered by the complainant. Considering the complaint, we award Rs50,000 in toto as compensation for the inconvenience suffered by the complainant including litigation cost," the bench presided by CK Chaturvedi said.
According to the bourses, all the four stocks are kept in the 10% price band to limit any upward or downward movement in their prices
National Stock Exchange (NSE) and BSE, the two leading bourses have decided to keep four companies Essar Oil, Suzlon Energy, Educomp and CORE Education in a fixed price band of 10% as part of their preventive surveillance measure.
According the NSE and BSE, the decision to limit any upward or downward movement in share prices of these four companies was taken in consultation with market regulator Securities and Exchange Board of India (SEBI). The price band would be applicable from 2nd April, the bourses said.
In separate notices, NSE and BSE said that a fixed price band of 10% on these four stocks is being imposed as part of a "preventive surveillance measure and to ensure market safety and safeguard the interest of the investors".
The dynamic price bands, generally referred to as dummy filters or operating range, prevent acceptance of orders for execution that are placed beyond the price limits set by the stock exchanges.
Employees of Muthoot Finance would be covered under the national pension scheme and employee contribution to NPS will be linked with a contribution by the gold loan company
Gold loan company Muthoot Finance Ltd has launched a pension scheme for its employees under the National Pension System (NPS).
"For the employees of the company this will be a distinctive social security benefit and a unique staff welfare scheme as the employee contribution to NPS will be linked with a contribution by the company. Muthoot Finance in its capacity as point of presence (POP) will absorb certain applicable POP related transaction charges," the company said in a release.
Pension Fund Regulatory Development Authority (PFRDA) had launched NPS, a social security measure of the union government. The long-term retirement savings plan for the Indian citizens in the 18-60 age groups has the provision for regular pension at the end of the tenure.
While Central and State government employees have to subscribe it mandatorily, it is optional for others. The minimum annual contribution is Rs6,000, which can be paid at once or in instalments of at least Rs500.
NPS are not exactly the best option for retirement savings. NPS returns will be destroyed by tax at the time of withdrawal. The only parameter on which NPS scores is the feature wherein the employer makes contribution to NPS, which can happen without increase in CTC (cost to company). There is a separate tax deduction under a new Section 80CCD(2), which helps employees save on taxes. The best part is that such contributions will not be included in the Rs1 lakh limit exemptions that you can avail of under Section 80C and the employer can show it as deduction from business income under Section 36 I (IV) A for his contribution. This is the feature Muthoot is using.