Validity of driving licences, documents linked to MV Act extended till June end
Considering the problems being faced by people amid lockdown, the government has announced to extend till June end the validity of all driving licences and other documents related to Motor Vehicle Act expiring on February 1 and June 30.
 
Ministry of Road Transport and Highways in an order issued on Monday made the declaration in view of closure of government transport offices due to the nationwide lockdown imposed to contain the spread of novel coronavirus or COVID-19 disease which so far claimed 47 lives and 1,417 confirmed cases. 
 
The Ministry said that the decision was taken as the government noticed that people have been facing problems in renewal of validity of various documents related to Motor Vehicle Act, 1988 and Central Motor Vehicle Rules, 1989 due to complete lockdown."It is advised that the validity of fitness, permit (all types), driving license, registration or any other concerned documents whose extension of validity could not or not likely be processed due to lockdown and which have expired since February 1, 2020 or would expire by June 30, 2020. The same may by treated to be valid till June 30, 2020," the order said.
 
Enforcement authorities are advised to treat such documents valid till June 30. The Ministry said that the order will comply with the Motor Vehicle Act, 1988 and Central Motor Vehicle Rules, 1989. 'Non-use clause facility' for transport vehicles for suspensions of tax liability, which is operational in a number of states and the facility is being provided by the NIC on the VAHAN platform online, may be adopted by the other states to give relief to the commercial vehicles like taxi, bus and other vehicles which are non-operational under the current circumstances, the order mentioned.
 
The Ministry has requested all the states and the Union Territories to implement this advisory in "letter and spirit" so that the people, the transporters and various other organisations, which are rendering essential services at this difficult time, may not get harassed and face difficulties amidst national lockdown. 
 
Prime Minister Narendra Modi on March 24 announced the complete lockdown across the country since midnight on the same day announcing for a three week lockdown to maintain social distancing to break the chain of infection from the deadly virus. The lockdown will continue till April 14.
 
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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    No. There is No Extension for the Financial Year
    There is a news circulating in some section of media and on social media that the financial year has been extended. However, this is not true and there is no extension of the financial year (April to March), the Indian government has clarified.
     
    A notification issued by the Indian government 30 March 2020 about some other amendments done in the Indian Stamp Act is being misquoted in the news about financial year extension. 
     
    The finance ministry says that a notification has been issued by the department of revenue, that pertains to putting in place an efficient mechanism for collection of stamp duty on security market instruments transactions through stock exchanges or clearing corporation authorised by stock exchanges depositories. This change was earlier notified to be implemented from 1 April 2020. However, due to the prevailing corona virus situation, it has been decided that the date of implementation will now be postponed to 1 July 2020.
     
    Similarly, some social media are abuzz on news of Reserve Bank of India (RBI) extending financial year. Quoting a report from The Hindu, these messages say, "Fiscal 2019-20 will end on 30 June 2020 while fiscal year 2020-21 will begin on 1 July 2020 but ends on 31 March 2021."
     
    However, this news is actually about RBI board deciding to align its accounting year, which begins in July, with the financial year, from 2020-21. RBI's accounting year follows July to June pattern, while financial year falls between April to March.
     
    The RBI board, in its meeting in February 2020, recommended aligning financial year of the central bank, currently July-June, with the government's fiscal year (April-March) from 2020-21. The alignment of financial year with the government will change the way the RBI maintains its accounting books.
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    On 1st April, don't fool around with COVID-19: Maharashtra Home Minister
    On the eve of April 1—All Fools' Day—the Maharashtra Home Minister Anil Deshmukh appealed to the people not to fool around with COVID-19 rumours or messages, here on Tuesday.
     
    "Tomorrow is April 1... On this day, people have a tendency to send jokes, pranks or messages to fool each other and enjoy but today, the entire state and the country is grappling with coronavirus," Deshmukh said in a video appeal.
     
    Under these trying circumstances, if anybody tries to send wrong or misleading messages, circulate rumours which can create problems for the government, will not be tolerated.
     
    "Anybody found indulging in such rumour-mongering will be dealt with strictly and booked under the Cyber Crime laws. All are requested to cooperate with the government," Deshmukh said.
     
    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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