Citizens' Issues
Transport Congress calls off its nationwide strike

The All India Motor Transport Congress called off its proposed nationwide strike following assurance from the secretary of RTH

The All India Motor Transport Congress (AIMTC) has called off its proposed strike following a meeting between its representatives with secretary of Road Transport and Highways (RTH).

 

AIMTC, an apex body of transporters representing about 75 lakh truckers and transporters and about 40 lakh buses and tour operators, has given a call to suspend operations of goods transport and transportation services from the midnight of 1st April. AIMTC claims that whole transport industry is hit by high input costs and deep recession resulting in huge economic viability gap.

 

During the meeting, Vijay Chhibber, secretary of RTH, assured the transporters that their demands would be looked into and the ministry would take steps to resolve the issues.

 

Here is the list of demands sent by AIMTC to the RTH…

  1. Immediate withdrawal of unilateral hike of third party insurance premium (TPP) for Goods Vehicles wef 1 April 2013
  2. Reconstitution of Committee for any TPP tariff revision, with AIMTC as its member;
  3. Immediate implementation of toll permit in line with the National Permit
  4. Replacement of the monthly increase of Diesel prices with half yearly increase
  5. Demand for uniformity of diesel prices across the country
  6. Fixation of minimum freight rates for Road Transport Sector
  7. National Permit for buses on lines of Goods Vehicles
  8. Action against States indulging in illegal Entry Tax/Mechanical Tax
  9. Sales Tax/Commercial Tax issues, onus of any Sales Tax issues to be on consignor /trader, trucks not to be detained anywhere in the country
  10. Centralisation of RC books
  11. Standardisation of documents to be done across country
  12. Removal of Anti-Dumping Duty on import of tyres
  13. The reservation of the Road Transport Sector on Carriage by Road Act/ Rules to be addressed immediately and Industry status for Road Transport Sector

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Air India asked to pay Rs50,000 to woman passenger

The carrier was directed to pay Rs50,000 as compensation to a woman flier for causing her inconvenience by not loading her luggage in the flight

State-run carrier Air India has been asked to pay Rs50,000 as compensation to a woman passenger for not loading her luggage during her flight to Abu Dhabi from New Delhi in 2007.

 

New Delhi District Consumer Disputes Redressal Forum asked the carrier to pay the compensation on a complaint filed by Sandhya Sharma.  In her complaint, she claimed that she suffered great difficulties due to loss of her suitcase during the travel. The suitbase was delivered to her three days after she reached Abu Dhabi.

 

"Although some compensation of 300 Dirham was given to the complainant by airlines, it is not sufficient for the inconvenience suffered by the complainant. Considering the complaint, we award Rs50,000 in toto as compensation for the inconvenience suffered by the complainant including litigation cost," the bench presided by CK Chaturvedi said.

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COMMENTS

PRABHAT

4 years ago

IT IS SUGGESTED THAT WHILE AWARDING COMPENSATION , THE DEFENDENT MUST BE ORDERED TO DEPOSIT EQUAL AMT. TO GOVT. FUND AND ALL THIS AMT. MUST BE CLAIMED FROM ERRING OFFICIALS SO THAT IT MAY NOT HAPPEN IN FUTURE . IT WILL HELP IN REDUCING NO. OF CASES.

BSE, NSE places Essar Oil, Suzlon, Educomp and CORE Education in 10% fixed price band

According to the bourses, all the four stocks are kept in the 10% price band to limit any upward or downward movement in their prices

National Stock Exchange (NSE) and BSE, the two leading bourses have decided to keep four companies Essar Oil, Suzlon Energy, Educomp and CORE Education in a fixed price band of 10% as part of their preventive surveillance measure.

 

According the NSE and BSE, the decision to limit any upward or downward movement in share prices of these four companies was taken in consultation with market regulator Securities and Exchange Board of India (SEBI). The price band would be applicable from 2nd April, the bourses said.

 

In separate notices, NSE and BSE said that a fixed price band of 10% on these four stocks is being imposed as part of a "preventive surveillance measure and to ensure market safety and safeguard the interest of the investors".

 

The dynamic price bands, generally referred to as dummy filters or operating range, prevent acceptance of orders for execution that are placed beyond the price limits set by the stock exchanges.

User

COMMENTS

arun adalja

4 years ago

it is too late when damage is already done,can we have some short of circuit which can holt the trading if price goes low say 30%?can we do this in f&o based shares also?

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