Traffic police must remove illegally parked vehicles, says HC

It is not the duty of a cooperative housing society or CHS to remove illegally parked vehicle from its approach road. Traffic police must prevent illegal parking on roads so as to allow fire fighting vehicles reaching the spot in case of emergency, the Bombay High Court said


The Bombay High Court has asked traffic police to take necessary steps for preventing parking of vehicles on the access road lane to facilitate easy egress and ingress for fire fighting vehicles.


Hearing a case filed by Mumbai-based Mount Unique Cooperative Housing Society Ltd, the bench of Justices Ranjit More and Anuja Prabhudessai said, "How can the Society remove parked vehicle on public road? It is the duty of police to do that".


The Fire Brigade on 5 January 2013 had issued a notice to the Society under under section 6 and Rule 9 (1) of the Maharashtra Fire Prevention and Life Safety Measures Act, 2006. The notice had directed Mount Unique CHS to remove illegally parked cars on the public road as it would be a hindrance to the fire brigade from reaching the building in case of a fire.


Challenging the order from the Fire Brigade, the Society submitted before the Court that "only access to Mount Unique CHS is the small lane on which members of the Society as well others are parking cars, which may create impediment in the egress and ingress of the fire fighting vehicles in case of emergency. Despite repeated requests, members from the Society and other persons are refusing to remove their cars from the road lane in question."


The Assistant Public Prosecutor did not dispute that it was the responsibiliy of the state authorities to keep the said road lane obstruction free so as to allow free access to the fire fighting vehicles in case of emergency.


While disposing the writ petition, the Bench said, "Respondent Nos. 3, 4 and 5 (authorities) are directed to take necessary steps for preventing the parking of all types of vehicles on the access road-lane to the Petitioner's society in order to facilitate the easy egress and ingress for fire fighting vehicles."


AirAsia flight QZ8501 debris found

The AirAsia flight from Surbaya to Singapore went down on Sunday and has been the focus of an international search effort


Indonesian rescue choppers looking for signs of the AirAsia flight QZ8501 spotted its wreckage and bodies of victims during search operations today, news agency Reuters reported.


The flight had lost contact early on Sunday when it had asked Air Traffic Control permission to fly higher due to bad weather. Unlike the Malaysian Airlines MH370 that went missing earlier this year, the wreckage was finally spotted after two days od intensive search and rescue operations with many countries from the Asia Pacific region involved.


The debris from the plane was spotted off the island of Borneo by the Java Sea.

Latest reports suggested that about 40 bodies had been pulled out of the sea so far. As images of the dead and the debris were broadcast on television, Tony Fernandes tweeted his committment to extend all of AirAsia's support in whichever way possible.


About 30 ships and 21 aircraft from Indonesia, Australia, Malaysia, Singapore, South Korea and the United States had been involved in the search of up to 10,000 square nautical miles, the Reuters report said.


Bambang Soelistyo, Indonesia’s National Search and Rescue Agency chief said, "God blessed us today, At 12:50 the air force Hercules found an object described as a shadow at the bottom of the sea in the form of a plane."


RBI says NPAs may hit 6.3% if economic recovery falters

RBI released its half yearly Financial Stability Report and said that banks' battle with NPAs depended on an expected trunaround in the economic scenario during the coming year up to March 2016


The Gross Non Performing Assets (GNPA) of all Scheduled Commercial Banks rose to 4.5% as of September 2014. The GNPAs were at 4.1% as of March 2014. The RBI pointed out that the asset quality had not imporved over the last six months but the liquidity scenario had improved.


GNPA ratio of all SCBs may decline to 4.0 per cent by March 2016 from 4.5 per cent as at end September 2014. However, if macroeconomic conditions deteriorate, the GNPA ratio may increase further and under a severe stress scenario could rise to around 6.3 per cent by March 2016,” the RBI said.


The RBI noted that the global recovery had weakened, “Without a change in the pattern of growth and stability that still leans heavily on easy money, vulnerabilities remain, especially with inflation ruling below policy targets in many jurisdictions and the threat of deflation continuing in others,” the report said.


In terms of the stability of banks, the report said, “As per the Banking Stability Indicator (BSI), risks to the banking sector have not changed much since the publication of the previous FSR. The BSI showed a continuous increase in vulnerability in the banking sector over the past few years.”


On the wider point of defaulters and dealing with defaulters, the RBI said, “With the increased regulatory focus on segregating the cases of wilful defaults and ensuring the equity participation of promoter(s) in the losses leading to defaults, there is a need for greater transparency in the process of carrying out a net economic value impact assessment of large Corporate Debt Restructuring (CDR) cases.”


We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



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)