Citizens' Issues
Three chargesheeted in Kopardi rape-murder case in Maharashtra
The police on Friday filed a chargesheet in a district court here against three prime accused in the case of gang rape and murder of a school student in Kopardi village on July 13.
 
Accused Pappu alias Jitendra Shinde, Santosh G. Bhaval and Nitin G. Bhailume were arrested within hours of the crime, after which the victim was dubbed 'Nirbhaya of Maharashtra' given the sheer brutality involved.
 
The trio was charged under Sections 376 (A) and 302 of the Indian Penal Code, pertaining to rape and murder, besides other sections of relevent laws. That marked the end of the 86-day police investigations into the rape and murder of the 15-year-old girl.
 
Criminal lawyer Ujjwal Nikam has been appointed the Special Public Prosecutor in the case to be tried before a fast-track court.
 
The chargesheet running into around 350 pages named around 70 witnesses.
 
The crime sent shockwaves through social and political circles and led to a ruckus in the Maharashtra legislature for two days during its monsoon session in July.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Passenger car sales up 15% in September
Sales of passenger cars rose 15.14 per cent in September to 195,259 units from 169,590 units in the corresponding month last year, industry data showed on Friday.
 
The utility vehicles' off-take zoomed in the month under review by 37.93 per cent to 66,851 units while van sales were up 15.62 per cent to 16,318 units.
 
According to THE Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle sales, which includes cars, utility vehicles and vans, accelerated by 19.92 per cent to 278,428 units last month.
 
However, the industry data revealed that sales of overall commercial vehicles declined by 1.95 per cent. The segment is a key indicator of economic activity.
 
The commercial vehicles segment's off-take for September 2016 was 61,621 units.
 
Three-wheelers sales logged a growth of 4.90 per cent to 51,950 units last month.
 
Overall, sales of two-wheelers, which include scooters, motorcycles and mopeds, grew exponentially. The segment's sales rose by 21.59 per cent to 1,868,993 units.
 
Product-wise, scooter sales in the month under review grew by 30.60 per cent to 603,818 units whereas the motorcycle sub-segment sales logged a growth of 16.33 per cent to 1,186,770 units.
 
Besides, mopeds' off-take zoomed by 43.71 per cent to 78,405 units.
 
Nevertheless, the overall exports across categories fell by 8.39 per cent to 313,996 units which were shipped out during last month.
 
Total automobile sales in September were higher by 20.16 per cent to 2,260,992 units.
 
According to Abdul Majeed, Partner-Price Waterhouse and an auto expert, growth in the automobile sector is expected to be robust this year across all the segments. 
 
"This is due to the combination of many positive factors such as growth in the economy, better cash flows in the hands of customers, increased public investment in infrastructure, exciting new launches, softening in the interest rate and better monsoon," Majeed said.
 
"The inflation is under control due to the steps taken to reduce supply side constraints. One segment where we have seen degrowth is the medium and heavy commercial vehicles, which will grow once private investments speed up in the economy." 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 
 

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High cash-on-delivery transactions in e-com mean lack of trust in merchants: Experts
Cash on delivery (CoD) has fuelled the growth of Indian ecommerce but the reason customers prefer this route for payment is lack of trust deficit about merchants, felt experts during a panel discussion in Mumbai on Thursday. 
 
Dewang Neralla, chief executive officer, Atom Technologies, says, "Online shopping has grown multi-fold over past few years. However, unlike rest of the world, in India, the number of transactions through CoD method comprise about 60-80% of total transactions. Main reason for this is lack of trust in merchants as there are some regular incidents of customer being delivered a fake product or something other than he ordered, like a marble stone instead of mobile phone."
 
He was speaking at a panel discussion on "Redefining Acceptance of Electronic Transactions" organised by Payments Council of India. The other panellists were Rajesh Prasad, Head for RuPay Acceptance at National Payments Corporation of India (NPCI), Kumar Karpe, CEO of Techprocess payments, Deepak Chandnani, CEO-South Asia & ME at Worldline, Vinayak Prasad, Executive Director for South Asia at VeriFone and Abhijit Bose, Co-founder & CEO of Ezetap. The discussion was moderated by Amitabh Tewary, Vice President for Market Development at MasterCard.
 
Tewary, in his opening remark said that in India we have more cards but fewer merchant locations. "In addition, acceptance of payment via card is less. Maybe, there are perceptions like high cost (for merchants) and less awareness among both merchants and customers," he added. Rajesh Prasad of NPCI said, "For a large population like India’s, we need to have different solutions, based on several parameters. We cannot have one solution for all. Further, we have to create more touch points where the payment transactions would be frictionless and convenient for all the parties."
 
Bose from Ezetap wondered how payment solution providers could add value to the end users. "The CoD volumes are quite high in India, especially in e-commerce space; it is almost over 60% of the total transactions. We need to find ways for converting these into cashless transactions," he added.
 
Another aspect for higher usage of cash instead of cards or online payments is perception among users on risks. Chandnani from Worldline says consumers in India are wary of using cards online due to fear of fraud and security concerns. He said, “As service providers, we need to evolve or enhance fraud prevention systems. We also need to cut down the number is fraud incidents and losses to minimum with risk management tools.”
 
According to Karpe of Techprocess Payments, usage of cards and cash among Indians reveals some interesting aspects. “In our country, use of debit cards for online transactions is very low compared with credit cards. At the same time, debit cards are more used to withdraw cash from ATMs.” Interestingly, even merchants prefer to deal in cash in offline transactions. Says Karpe “Even when a customer wants to swipe a card, merchants are found asking the customer to visit nearby ATM and withdraw cash for payment. The reason for merchants asking cash payment lies in their business model. Retailers have to make payment to the distributor in cash, most of the time, endorsing the cash-based payment cycle, followed by merchants. So we need to think about making cash less transactions effective in terms of cost and ease,” he added.
 
Prasad from VefiFone, however, feels that terminal cost (for card payments) is quite low in India. He said, “Terminal cost or cost of transactions is not the issue here. For Indian market, terminals are only access points and we need to go beyond that to make it available at every merchant place. This is possible through usage of increased connectivity, creating awareness and education.”
 

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COMMENTS

Param

2 months ago

perhaps the trust issue can be addressed in a cashless way by using swipe machines that delivery boys can carry. instead of cash on delivery, it would be pay on delivery. the process flow remains identical, and no one needs to deal with cash. maybe e-commerce portals can encourage this by providing a rebate/surcharge to encourage/discourage the options.

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