Life Insurance: Review of IDBI Federal Lifesurance Whole Life Plan

Does a whole life product make any sense?


IDBI Federal Lifesurance Whole Life Savings Insurance Plan provides life cover up to 100 years of age. But it is not a term plan wherein the premium is a fraction of the cover amount. Lifesurance is a non-linked participating whole life plan. It has a lump-sum payout at the end of the premium payment term (PPT) and a second lump-sum payout...

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Why are Mumbai fishermen up in arms against agents, traders?

Despite a clear order from the Legal Metrology Department, commission agents and traders at Mumbai’s famous Sassoon Docks are still reluctant to use electronic weighing scales for weighing fish catch brought in by fishermen


Although the fishermen from Mumbai’s Sassoon Docks, one of the largest fish markets in the metro city, have called off their strike, their fight is not yet over. Two weeks ago, the fishermen went on a strike demanding use of electrical weighing scales instead of mechanised ones. The Maharashtra government accepted their long-pending demand. On 1 December 2014, the Legal Metrology Department issued an order making it mandatory to use electronic weighing scales within 15 days at Sassoon Docks.


Unfortunately, despite the order, the deadlock over weighing scales continues, because commission agents and traders at Sassoon Docks are not ready to install electronic weighing scales citing cost and other factors.

On a visit to the Sassoon Docks, it was realised that several fishermen from areas like Palghar and Ratnagiri have not ended their strike despite the order passed by the Metrology Department.

The aggrieved fishermen allege commission agents, traders and exporters at Sassoon Docks of using fake weights on mechanical scales. “For every basket of 40kg each, around 5kgs is rigged or weighed low by agents using mechanical weighing scale. The loss incurred is massive and insufficient to cover the operational cost of fishing, which is about Rs1.75 lakh per expedition. So each gram of fish counts for us.” said a local fisherman at Sassoon Dock.

This led to a strike by the fishermen on 15th November, which was withdrawn after two weeks and an intervention from the state government. Here is the order issued by the Legal Metrology Organisation:

However, now the commission agents, traders and exporters, who have denied any wrongdoing in weighing the fish on mechanical scales, are up in arms. Their main contention is about who will bear the cost of setting up the electronic weighing scales. “They want electronic weighing scales to be used, then why should we bear the cost? It is their demand so they should pay for the electronic weighing scales,” responded one of the owners of an export-house at Sassoon Docks on being asked about the demand from fishermen.

In addition, the commission agents are now demanding the fish to be cleaned by fishermen before weighing, contrary to the current practise.  
As of now, the weight of the basket using mechanical weighing scales is subtracted from the weight of the fish-lot collected in the basket. The fish-lot contains some amount of ice and water, which is not accounted for. Cleaning and then supplying the catch would mean a delay of about three-four days between fishing and selling. The agents and traders are not willing to take into account, the marine dirt and water in as part of the catch weighed. This extra labour and arm-twisting by agents and traders have made some fishermen jittery about the whole exercise. One of the fishermen, who disagrees with the demands for installing electronic weighing scales says that, “Yeh log apne hi pair pe kulhadi maar rahe hai (The fishermen are digging their own grave)”

An official from the fishermen's union, who doesn't want to be named, expressed hope on resolving the issue at the earliest. He said, "Discussions are going on between the unions for exporters and fishermen. We will find a workable solution soon."

Despite the order from the state government, the dispute between fisherfolk and commission agents continues. Only time will tell how things will get resolved and if fish lovers would continue to receive their regular and ample supply of pomfrets, tuna, lobsters, prawns, shrimps, Bombay Duck and other fish varieties.





3 years ago

I wish to add few more points on Railways.
1. In most of the bigger stations the platform no. is not exhibited resulting in confusion and anxiety.
The pf no. should be clearly exhibited on various points through out the length of the platform.

2.In most stations the location of coach where it stops is not exhibited. This needs to be done for all stations so that the passenger can wait at the right place and avoid last minute running to enter the right coach.


Kiran Aggarwal

3 years ago

International best practices can be adopted to resolve the issue .
This is a typical case .
Where middle man / rich buyer is involved .

There is stealing from fisherman clearly bcoz Greed is all pervasive in India - be it any livelihood !!.

Weight(as it is - no cleaning ) will
come out more in
Electrical weighing scale than mechanical scale which r rigged .
If gross weight is more on 2 differant scales
then net weight (after cleaning ) will also be more .
Hence fisherman is right .
Installation of 1 scale as test sample can be done and case will be clearly decided .
But - who ll make huge noice to stop happening it
commision agents / touts of trading firms which buy the produce from fisherman .
Speaking from vast experience in trading business .

Attempt to commit suicide is no longer an offence

It has been decided by the government to delete Section 309 (attempt to commit suicide) of the Indian Penal Code after 18 states and four union territories have supported the move


The Home Ministry said on Tuesday that it has decided to delete Section 309 (attempt to commit suicide) of the Indian Penal Code after 18 states and four union territories have supported the move. As of now, if a person survives a suicide attempt, he or she can be prosecuted under the law by the police and even sent behind bars for one year. 
States like Bihar, Madhya Pradesh and Delhi did advise due caution before scrapping of the provision. Bihar government told the Home Ministry that the section should not be omitted as there are suicide bombers who fail in their attempt to blow themselves up and other terrorists who consume cyanide pills with the intention to wipe out evidence.
The Delhi Government told the Home Ministry that though they agree that the provision should be scrapped, special statutory provisions should be made for conferring powers on the police to prevent the attempt to suicide in public view, to get their demands met by the government or any other authority. 
The Sikkim government felt that states agencies can, if warranted, use the Section 309 provision to arrest, remove or force-feed the leaders who sit on long hunger strikes, to prevent serious breakdown of law and order. "Deleting the provision may further weaken law enforcement," the Sikkim government said. 
The Madhya Pradesh government said there are various anti-social elements who threaten the government by sitting on fast until death or self-immolation and if the Section 309 is deleted, then there is no provision for the police to book these persons. 



Ralph Rau

3 years ago

Exception also needed to be made to allow for venerable Buddhist and Jain sants who perform the accepted tradition of fasting when they believe they are ready to move on ?

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