Citizens' Issues
Government nod for quadricycles to ply on city roads
Quadricycles will be recommended for registration under the commercial transport category for intra-city movement within the municipal limits only and these vehicles will be permitted to be driven only by licensed driver after due registration
 
The government on Wednesday allowed a new type of four-wheelers called ‘quadricycles’ to ply on roads as public transport within city limits.
 
Quadricycles are safer than the three-wheeler as they have fully enclosed body structure with hard top and doors. But their maximum speed limit and engine capacity are lower than that of a small car.
 
A meeting under the chairmanship of Road Secretary Vijay Chhibber was held yesterday to discuss the issue of amendment to the Central Motor Vehicles Rules (CMVR) to include quadricycle as an additional category vehicle to be manufactured and registered in India.
 
“A separate category has been proposed for notification to include quadricyle with specifications adopting present norms notified in the three-wheeler category of the Central Motor Vehicles Rules (CMVR) or the European Union quadricycle, whichever is more stringent,” a road ministry statement said.
 
The development is seen as good news for auto major Bajaj Auto which last year had unveiled the quadricycle codenamed RE60, powered by a 200 cc petrol engine with a top speed of 70 kilometre per hour (kmph) and with a mileage of 35 kilometre per litre (kmpl).
 
As an identification symbol ‘Q’ will be prominently displayed on the body of these quadricyles.
 
Quadricycles will be recommended for registration under the commercial transport category for intra-city movement within the municipal limits only and these vehicles will be permitted to be driven only by licensed driver after due registration.
 
“It is expected to be a substantial upgrade over the three-wheeler auto which currently provides for the last mile connectivity in most urban areas of the country,” the statement said.
 
The meeting was attended by representatives of ministry of heavy industries, ARAI (Automotive Research Association of India) and iCAT (International Centre for Automotive Technology).
 
“This is a wonderful day for Indian automotive innovation. The RE60 will soon be joined by many more similarly small, light and low speed vehicles that will make for a cleaner, safer, quieter world. As an anti-car company we are just delighted,” Bajaj Auto managing director Rajiv Bajaj said.
 

User

COMMENTS

Gunda

4 years ago

Which City? Why is this being allowed?

Chit Funds: Not just new laws; implementation is the key
While there are enough provisions in existing Acts like the PCMCS Act, it has become difficult to curb dubious chit funds and MLM companies so far, thanks to multiple regulation and lack of coordination between authorities
 
The Standing Committee on Finance chaired by Yashwant Sinha is likely to recommend scrapping the Chit Fund Act, 1982, following the fallout of Saradha chit fund scam in West Bengal. If the Act is scrapped, then the government would be able to label all chit fund companies as 'illegal' and may initiate legal proceedings. The question, however, is not about this Act or any other act. What the government needs to do is use the existing Act for taking immediate action and prosecuting the culprits. But can the government show the necessary will at the Centre and the states?
 
Chit funds are often misused by its promoters and there are many instances of the founders running what is basically a chain-money scheme and absconding with the investors’ money. Almost all promoters of such schemes promise to “double-your-money” within a short period.
 
According to All Kerala Kuri Foremen's Association, the state has around 5,000 chit fund  companies, with Thrissur district accounting for the maximum of 3,000. These chit companies provide employment to about 35,000 persons directly and an equal number indirectly. Much of this is legitimate business. What is dubious is chain-money schemes that have expanded rapidly in poorer states like West Bengal, Orissa and northeast India. In order to establish themselves as ‘authentic’ and legitimate business, these companies are found to be expanding into several other ventures, mostly real estate and plantation.
 
While people are demanding scrapping chit funds and MLMs, there are legal hurdles. While the Prize Chits and Money Circulation Schemes (Banning) Act or PCMCS Act, 1978, has provisions to control such schemes, it is administered by the Department of Financial Services under the ministry of finance, but is supposed to be implemented by the state governments.
 
“Section 3 of the PCMCS Act prohibits any entity from promoting, conducting any prize chit or money circulation scheme, enrolling any member of any such chit or scheme, or participating in it otherwise, or from receiving or remitting any money in pursuance of such chit or scheme. This is the provision we used to ban Japan Life, Amway and GoldQuest,” says a police officer.
 
Many of these MLM companies are not registered under the Companies Act. Even those registered evade regulation. Those booked regroup under different names and continue to cheat the people. There are several laws, central as well as state, which govern these operators. Kerala has its own Kerala Chitties Act 1975, then there is Tamil Nadu Chit Funds Act, 1961, the Chit Funds (Karnataka) Rules, 1983, The Andhra Pradesh Chit Funds Act, 1971, for Delhi, there are two, the Chit Funds Act, 1982 and Delhi Chit Funds Rules, 2007 while Maharashtra has its own Chit Fund Act, 1975.
 
The major hurdle in curbing the chit fund and MLM menace is multiple regulation and lack of coordination between the Union and state governments. 
 
The Union government is also looking to revamp through amendments, the PCMCS Act.  Interestingly, the PCMCS Act, 1978, was promulgated only after large-scale loot by these dubious companies and a report by the James Raj Committee (1974) called for a total ban on such schemes arguing that they were prejudicial to public interest. It is clear the Act has failed in the 35 years thereafter, barring sporadic action by exceptional officers like VC Sajjanar, the deputy inspector general (DIG) of Police in Andhra Pradesh.
 
In India, AP was the first state to enact a law to ban money circulation schemes in 1965. Both the Supreme Court and several high courts have passed landmark judgements against the operation of these schemes as they violate the law of the land and are detrimental to the interests of the public. There are ongoing cases against Speak Asia and Amway, to cite two examples.
 
The question, therefore, is will the governments show enough will power to stop the menace of chit funds and MLMs by using the existing Act and rules instead of spinning an argument about a new law and new regulator? Even if there is a new law what will ensure that governments actually act as per the law?
 

User

Delhi CM Sheila Dikshit indicted for misusing public funds in ads

The notices by Lokayukta justice Manmohan Sarin had been issued in response to a petition filed by SK Saxena seeking action against public functionaries who put up hoardings and posters without taking permission from concerned authorities

The Delhi Lokayukta on Wednesday indicted chief minister Sheila Dikshit for misusing government funds for carrying out an ad campaign. The Lokayukta further recommended recovery of Rs11 crore.

 

This comes a week after the Lokayukta on 15th May issued show-cause notices to Dikshit, transport minister Ramakant Goswami and six other MLAs. It had objected to putting up of hoardings and banners allegedly in violation of law.

 

Dikshit and others were given time till 22nd May to submit their replies. The Lokayukta had, however, observed that enforcement agencies were reluctant to act against the “powerful and mighty”.

 

The notices by Lokayukta justice Manmohan Sarin had been issued in response to a petition filed by SK Saxena seeking action against public functionaries who put up hoardings and posters without taking permission from concerned authorities.

 

Fourteen current and former municipal councillors were also issued notices by the anti-graft body for erecting posters and banners in violation of the law.

User

COMMENTS

ABHA CHAWLA MOHANTY

4 years ago

ENCOURAGING NEWS!

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)