Consumer Issues
Citizens monitor sound levels at Dandia celebrations

Every citizen using a smart phone can now become an activist. For the first time this Navratri season, several citizens have downloaded simple free apps from the internet on to smart phones and have become empowered activists

Awaaz Foundation’s founder, Sumaira Abdulali, the moving force behind trying to bring decibel levels down in Mumbai says, “This is the first time citizens have started downloading the free application to measure noise on their iPhones, iPads and android phones and making complaints when decibel levels are above permissible limits”. She says that while many citizens have complained to the police with their readings, some prefer to make anonymous complaints. 

 

What is, however, clear is that you don’t need to allow illegal sound levels to kill your festival spirit, you can join the movement against noise pollution armed with just a smart phone and maybe a camera to collect proof.
 

 
You may also like to read
Noise pollution: Does your hearing get affected due to festivals?

 

(Courtesy: Awaaz Foundation)

 

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COMMENTS

sivaraman anant narayan

4 years ago

What is required is a complete ban on loudspeakers and amplifiers in all public areas/spaces. The sanctity of peace, quietitude and calm surroundings must find a place in all efforts of urban and civic planning and enforcement.

sivaraman anant narayan

4 years ago

While all these aids are useful, nothing much changes at the ground level. Police do sometimes act on telephonic complaints but the moment the patrol vehicle or the cop moves on the sound level in the amplifier is upped again for the benefit of revellers. Navaratri is the worst time for organised noise pollution. Unless the organisers themselves are aware of the effect of the loud amplifiers, external pressure from police or activists work for short periods only. There is no fear of prosecution or instant punishment by way of fines.Most of the organised mandals are patronised by local politicians or other biggies and musclmen and in fact the police are afraid of disciplining them.The affected citizens too prefer to tolerate painfully rather than complain to police. I have seen police patrol vans merely going past terribly noisy pandals and taking no step to seek noise reduction. Why do police often say that they have not received complaints to take action? Why cant they act suo moto. Does the noise not affect them as individuals? Otherwise in such a noisy festival all over Mumbai and Navi Mumbai only 20 complaints from affected citizens over 7 days!!!

Hero ties up with HDFC Bank for two-wheeler loans at 6.99%

HDFC Bank is offering loans at 6.99% for Hero two wheeler buyers during the festival season as against the current interest rate of 10%

 
New Delhi: The country's largest two-wheeler maker Hero MotoCorp is going all out to cash in on the festive season and has tied up with HDFC Bank to offer financing at 6.99% across its entire range of products, reports PTI.
 
The company claimed it has retailed over 1.5 lakh two-wheelers during the Navratri till Sunday evening, as it seeks to meet a target despatching half a million two-wheelers during this month.
 
"For the benefit of our customers during the festive season, we have just launched a programme with HDFC Bank to offer very attractive easy financing at just 6.99% on our entire range of models," Hero MotoCorp, Senior Vice -President (Marketing & Sales) Anil Dua said.
 
As per industry estimates, the existing interest rate on two-wheeler finance is around 10%.
 
Commenting on the festive season sales, he said the first week of the festive season has been encouraging and the company has retailed over 1.5 lakh two-wheelers during the Navratras till Sunday evening.
 
"We are hopeful of further adding to this tally by Dussehra on Wednesday," Dua added
 
The company has set a target of despatching over half a million two-wheelers in October including more than 1.5 lakh Splendor bikes to meet the market demand in the weeks leading up to Diwali in November.
 
The company is banking on the festive season to boost sagging sales. Last month it had reported sales of 4,04,787 units, down of 26.35% from 5,49,625 units the same month last year.
 

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COMMENTS

anil

3 years ago

bilkul galat bata rahe ha kioki manin bike lene ki liye pucha to mere ko koi 13.40,to koi 15.90 bata raha hai so plz help me anil 7307420033
sangrur

RBI may treat part of SLR as liquidity under Basel III: Sinha

Domestic banks already have SLR holdings of 23%, which are not marketable and therefore the RBI is thinking on to work out a scheme under which part of the SLR holding can be treated with Basel III liquidity norms

 
Mumbai: Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) has said the central bank is looking at a move under which a part of banks' statutory liquidity ratio (SLR) holdings can be treated in a way that it complies with liquidity norms under the Basel III capital requirements, reports PTI.
 
"We are thinking on to how to work out a scheme under which a part of the SLR is treated as Basel III liquidity requirement," Sinha said at an event organised here by Care Ratings.
 
He said the Basel III framework -- adopted in the wake of the 2008 global financial crisis to safeguard banks in case of stress -- asks for a liquidity coverage ratio that requires banks to hold marketable high quality liquidity assets.
 
However, domestic banks cannot be asked to hold it as they already have SLR holdings of 23%, which are not marketable, Sinha said, adding that it necessitates change in the framework.
 
SLR holdings are investments by banks in government securities and other liquid assets, acting as a liquidity buffer. Many banks have excess SLR holdings with the average holding in the system standing at close to 28 per cent.
 
Since October 2010, the RBI has twice reduced the SLR limits by 1 percentage point each with the latest being in July.
 
Sinha also tried to allay fears about the impact of the Basel III regulations requiring higher capital adequacies, saying it is a cost, that too in the short-term, to pay for overall stability.
 
The net incremental capital requirement needed for the country's banks over the six-year transition period to adopt the Basel-III requirements in full is "less intimidating" than being discussed. .
 
"Our calculations show that...the incremental capital required on account of Basel III is less intimidating than the (overall) figure of Rs1.4-1.5 lakh crore (which RBI has calculated)," Sinha said.
 
Banks would anyway have had to raise capital to support growth and the Basel-III should be treated only as incremental requirement, he said.
 
This requirement, though having a short-term impact in through higher capital allotment in the short term, will only benefit the banks in the long-term as it brings in the element of stability, he said.
 
To investors fearing a dent to the return on equity on banking stocks, Sinha said the stability being bought about will reduce the risk premia.
 
Additionally, to protect their margins, banks should work on various internal issues like cutting operational costs, managerial compensations and reduce dividends, Sinha suggested.
 

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