Archive for January, 2010

VEHICLE INSURANCE COVER AND ITS BARRIER

Friday, January 22nd, 2010

The biggest sector of litigation is connected with auto vehicle activity. Either accident or any other activity, even the old motor act of 1988 has thrown many problems. Therefore Supreme Court decided few days ago 20 issues related to this section. The questions before the apex court for immediate attention are the liabilities of the insurances companies.
1. The driver of the vehicle holding no valid license at the time of accident.
2. Passenger injured while traveling in goods vehicle.
3. Claim of guest in passenger car.
4. Over loading of vehicles.
5. Bouncing of cheque.
6. Assessment of damage to the compensate to the dependant.
7. Violation of terms and conditions of the insurance policies.
8. Sections 146, 147,149,166 of Motor Vehicle Act were also discussed in the Apex Court.
U.P state transport corporation Versus Trilok Chandra and Khusnuma versus new India assurance were also discussed in the apex court. There are already many questions referred by small benches of the supreme court for hearing it the main question is still their that even dependents are eligible for compensation. The basis of quantum of compensation even the inflation is to be account for. These all questions are awaiting clear cut mandate from law makers or the apex court. In my view these question will relieve the burden of the courts from the various pending disputes.

ENERGY CONSERVATION CAN WIPE OUT SHORTAGE AND CAN EARN 74 THOUSAND CR. RUPEES.

Saturday, January 9th, 2010

Mr. Ajay Mathur the Director General of Beauru of Energy Efficiency of India claim is laudable that there is a huge market potential around 74,000 Cr. Rupees for the market of energy efficiency products and services, tradable efficiency certificates. There are 714 identified units of power, fertilizers, cement plants across the 9 sectors which are energy intensive units by 1stApril, 2011 are told for specific energy code. They have to achieve over three year. However this is a commendable job in the direction of reducing green house gases. But govt. should introduce sum intensive to achieve this target.

FOOD INFLATION ON ALARMING RISE

Tuesday, January 5th, 2010

Now inflation touching 20 marks is no doubt alarming. Despite of all efforts by the govt. price index is going high. Prices of food items such as sugar, flour, potato, onion etc are breaking all previous records but it seems that there is no control. Govt. should act firmly on this front otherwise it will be difficult for common man to survive. It is time to act now. The report of IMF (International Monitory Fund) in which their is a prediction of food shortage is also a bad signal. Let us have some measures for that.