Can a lender forcibly take a vehicle to recover money? Citicorp violated this but was fined a pittance by NCDRC
Many aspire to own a vehicle and enjoy the comforts of private transport. The task of purchasing vehicles has been simplified, to a large extent, by financial institutions that provide the necessary finance on easy terms. It is possible for a consumer to buy any vehicle...
It is likely that junked or vintage and classic cars in bad condition will be available at low prices for import
There is some good news for all those who want to own vintage or classic cars but are put off by the exorbitant prices of such beauties: the Government of India has relaxed the regulations for import of cars made prior to 1950, and moved them from ‘restricted’ to ‘free to...
After receiving the subsidy, consumers in these selected 20 districts would have to buy the LPG cylinder at market rate
Petroleum minister Veerappa Moily said that the government would launch direct benefit transfer for LPG cylinders in 20 districts across the country from 1st June.
Under the scheme, LPG consumers in these 20 districts that have high coverage for Aadhaar number would receive the subsidy amount directly into their bank accounts as and when they book a new cylinder. After that, these consumers would have to pay the market rate for buying the LPG cylinder.
“For the benefit of LPG consumers, who cannot complete formalities by 1 June 2013, a grace period of three months is being given to complete the formalities. After this period, all consumers who have not completed the formality will get LPG cylinders at market price, without any subsidy, till they complete the same,” ministry of petroleum and natural gas said in a statement.