World
Thailand army declares martial law in the country
Thailand Army imposed Martial law after a long-running political crisis, and months of escalating tensions between the government and the opposition
 
In a surprise move, the Army on Tuesday declared martial law in Thailand to preserve law and order after six months of anti-government protests that left the country without proper functioning of the government. The Army, however, denied that it was a coup.
 
The move was announced on the military television channel at 1:30pm (IST).
 
“The army aims to maintain peace, order and public safety for all groups and all parties,” a ticker running on the army’s television channel said. The military insisted that its assumption of responsibility for national security was not a coup.
 
“People are urged not to panic, and can carry on their business as usual. Declaring martial law is not a coup d’etat,” it said.
 
An army spokesman said that the imposition of martial law will have no impact on the caretaker government which remains in office. The announcement also granted the army wide-ranging powers to enforce its decision.
 
The military statement was signed by army chief Prayuth Chan-Ocha, citing a 1914 law that allows it to intervene during times of crisis.
 
Martial law comes after a long-running political crisis, and months of escalating tensions between the government and the Opposition. Anti-government protesters staged mass protests in recent days to topple the government.
 
The crisis deepened when a constitutional court removed Yingluck Shinawatra from her position as prime minister for abuse of power along with nine cabinet members.
 
The country has been without a proper functioning government since December and has failed to draw up a state budget after Yingluck dissolved the Lower House of Parliament.
 
The military, which has staged 11 successful coups since the end of absolute monarchy in 1932, also declared that all of the country’s radio and television stations must suspend their normal programmes “when it is needed''.
 
All Thai TV stations are being guarded by the military, Thai public television announced, showing pictures of soldiers and armoured vehicles taking positions outside broadcast facilities in the country’s capital. 

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Munjal Auto FY14 net profit up 21% on robust sales
For FY14, Munjal Auto reported higher net profit to Rs47.66 crore due to 14% growth in its sales 
 
Munjal Auto Industries Ltd, (Munjal Auto), an auto parts and equipment manufacturing company controlled by Munjals of Hero Group, reported higher full year net profit on robust sales.
 
For the 12 month to end-March, Munjal Auto said its net profit increased 21% to Rs47.66 crore from Rs39.49 crore while its total revenues, including sales, grew 14% to Rs816.47 crore from Rs717.33 crore in the  year ago period.
 
During FY14, the auto parts maker, said it expenses increased 13% to Rs765.09 crore from Rs674.97 crore a year ago period. However, it paid 23% lower tax of Rs1.73 crore compared with Rs2.25 crore it paid during the year ago period.
 
Munjal Auto's reserves and surplus increased 23% to Rs176.34 crore from Rs143.31 crore in the  year ago period. 
 
For the quarter to end-March, Munjal Auto said its net profit grew 15%  to Rs13.66 crore from Rs11.89 crore while its total revenues, including sales, grew 16% to Rs219.48 crore from Rs188.67 crore, same period last year.
 
Munjal Auto declared a final dividend of Rs2.5 per share.
 
At 2.47pm Tuesday, Munjal Auto was trading 6.2% higher at Rs63 on the BSE, while the S&P BSE Sensex was marginally up at 24,470. 
 
For more stock results, check out this page

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NCDRC asks Oriental Insurance to pay Rs1.85 lakh to accident victim
While asking the insurer to pay the accident victim's claim, the National Commission also directed Dabur India to pay an interest at 9% on Rs1.85 lakh and Rs8,000 as cost to its insured employee
 
The National Consumer Disputes Redressal Commission (NCDRC) has asked Oriental Insurance Company Ltd to pay Rs1.85lakh to an accident victim. The Commission also directed Dabur India Ltd to pay an interst of 9% per annum on Rs1.85 lakh and also Rs8,000 as cost to the victim, who was insured employee of the company.
 
In an order issued on 12 May 2014, the National Commission said, “Sufficient documents had already been given to the insurance company for deciding the claim and they could have made payment on the basis of those documents. The act and conduct of the insurance company in demanding more documents was not justified and amounted to deficiency in service.” 
 
The 10-year old case relates to Harpreet Singh Oberoi, an insured employee of Dabur, who met with an accident in 2004. However, since Oriental Insurance did not make any settlement regarding the accident expenses of Rs1.85 lakh, Oberoi filed a complaint before the District Forum.
 
In its order on 17 July 2007, the District Forum said, “The Insurance Company should pay the claim amount of Rs1.85 lakh to the complainant (Oberoi), while the employer (Dabur India) should pay 9% interest per annum on the amount of the claim and Rs5,000 as compensation for non-supply of documents in time and Rs3,000 as cost of litigation.” 
 
Aggrieved by this judgement, Oriental Insurance filed an appeal before the State Commission arguing deficiency in service was on part of  Dabur India, which, the insurer alleged did not supply requisite claim documents in time. 
 
The State Consumer Commission, while maintaining interest and cost as per the District Forum's order, said, “The insurance company and the employer, Dabur India would be jointly and severally pay the entire amount of Rs1.85 lakh to Oberoi”.
 
Dabur India then approached NCDRC seeking restoration of order issued by the District Forum. “District Forum held that the insurance company was liable to make payment of claim of Rs1.85 lakh. Payment of interest on the amount claimed and some compensation by the petitioner (Dabur India) and the said direction was not challenged by the petitioner (Dabur India) and hence, it has attained finality,” the National Commission said in its order on 12 May 2014. 
 
Confirming with the District Forum, the NCDRC said, “The insurance company was liable to make payment of claim of Rs1.85 lakh. They also held that for failure of Petitioner (Dabur India) in not supplying the documents, they were liable to pay interest on the said amount at 9% per annum, Rs5,000 as compensation and Rs3,000 as cost of litigation.” 
 
While setting aside the State Commission judgement, the NCDRC accepted and restored the order issued by the District forum. 
 
NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION (NEW DELHI)
REVISION PETITION NO. 3656 OF 2012 
 
 
Complainant:                                   Harpreet Singh Oberoi 
Petitiioners/Opposite Parties:      1. Dabur India Ltd. 
                                                              2. Oriental Insurance Co. Ltd. (Chandigarh, Mumbai, Jalander)

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