BANKS ARE LIABLE FOR THEIR DEFICENCY IN THEIR SERVICE

February 7th, 2010

There is a mechanism against the deficiency in banking services. Now consumer of banking services has right available to file complaint against the financial institution specifically banks for deficiency in services. It is a common practice that bank does not respond to the complaint of the consumers. Now one can approach the banking Ombudsman the quasi-judicial authority under the banking “ombudsman scheme 2006” which cover all the scheduled, primary, cooperative banks, ATM’s, credit card, debit cards, unfair practice non compliance of rules and RBI directives on interest rates, disbursement etc or any other services which comes under the RBI domain.
The complains regarding the delayed payment of cheques, drafts, non-payment or any other deficiency in the services of the banks. Consumer can register a complaint against the deficiency in the services. Around 15 ombudsmen are working throughout the country having their office located at state capitals. Consumers have to register a complaint in writing with the bank with acknowledgement if bank is unable to respond, rectify or reject the complaint or consumers are not satisfied with the bank’s reply, then affected party can register a complaint with a baking ombudsman. Even online complaint registration is also available. By logging on www.bankingombudsman.rbi.gov.in, and download the form available and e-mailed or drop at the regional office of the bank and if consumer is still unsatisfied appellate authority is also available for Redressal of grievances. A deputy governor of RBI is vested with the jurisdiction of appellate authority. The remedy also lies with the consumers Protection act 1986 for redressal of a deficency.

Agriculture production and water management

February 1st, 2010

water management and agriculture production is correlated with each other and both are seems to be neglected .in India water efficiency is about 30 to 40% one of the lowest in the world as against China is55% it is evident that we requires more effective water management and conservation to enhance agriculture production .Where as71% of earth is covered with water, less then 1% is available for agriculture,driking and other use as demand for food is increasing requirement of water will simentanisly increase we are still unable to manage flood , ground water label is decreasing it is well-known fact. Are irrigation potential is estimated that 13.9 million Ha, 17.4% for minor irrigation project and 64.05 million from ground water. It is time to extend this area.
And we should enforce flood control system extend the area of irrigation and agriculture. It is surprising that we are not managing the flood water of our rivers. The river Kosi, Bhramaputra, Ganga, Son, Sharda still playing havoc while agriculture is still facing drought situation due to which agriculture production is on declining. Effecting growth of the country and food inflation is going up.
So it is right time to make crisis into opportunities manage water resources and agriculture properly.

VEHICLE INSURANCE COVER AND ITS BARRIER

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.

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

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.

RAG PICKKERS

December 30th, 2009

Rag packers are the real ambassador of climate change. They are working on their climate change agenda helping for recycling of waste material and earning their bread. Enhancing the economy of the country saving our forest and reducing emission of the green house gases but still they are not getting their recognitions in the society they should be involved in viable economy development projects of the government. Rag pickers are most eligible for carbon credit govt. should recognize them and give them benefits of carbon credit. While our local bodies’ particularly local bodies are constitutionally duty bound for waste management and allied services. But, they are not doing enough work in this direction. So we should reward these Rag Pickers.

CHANGING CRITERIA OF POVERTY ALLEVIATION

December 28th, 2009

Recently economic advisor to the Prime Minister Dr. Manmohan Singh proposed a new criteria for listing of BPL (below poverty line families) in which inspite of calorie based intake is changed with economy status of the each family. It is a drastic change and increase the below poverty line list for 37 crore to 40 crore. No doubt it is a more practical approach toward “aam admi”. Calorie based criteria is outdated now it will change all the data’s of development and developing schemes of the nations.

NO CONTROL ON INFLATION

December 23rd, 2009

Still rising prices are alarming, common man still facing threat from price rise. Poors are unable to live graceful life. Inflation rates are above 17.47% while it was 15.58% last week, whole sale price index which declared by the govt. of India and actual prices are still above govt. declared price index. The mechanism of price index is irrelevant at present.

REVOLUTIONARY AND DRASTIC

December 23rd, 2009

The revolutionary and drastic change to improve public delivery system is a commendable job. The govt. of India bringing in “service level agreements” (SLA). Which will mandate time frames and identifying dealing officer responsible for delivering services which includes nine services such as: birth Certificate, Death Certificate, Ration Cards, Driving License, Voter Id, etc. Delay will cause penalty on official concerned to make him liable for delay. No doubt we needs better evolution schemes to grade its army of beaurocrates and improve the public delivery system, after RTI Act (right to information act). This bid to improve public delivery system is great idea of Dr. Manmohan Singh Prime Minister of India.

PENDENCY OF COURT CASES

October 29th, 2009

It is surprising that Pendency of court cases reached Himalayan Heights. While government of India or State governments are equally responsible for this mess. The largest numbers of cases are those in which govt. itself is party. It is main litigant in the matter. Even some rules of the CRPC and CPC are also play important role in the Pendency of the cases. Specifically Rule 17 order 6th of CPC is known cause of delay in court cases. In which Supreme Court held that amendment of the plinth is allow at any stage of the case. This order is misused. Supreme Court earlier in its judgment, Revajeetu Builders vs. Narayanaswamy & sons held that a large number of applications under order VI Rule 17 of the Civil Procedure Code are filed and our courts are flooded with such cases. In discriminated filing of applications for amendments is one of the main causes of delay in disposal of civil cases. This rule was derived from England law and adopted in the old Civil Procedure Code of 1882. According to the law as it stands, the court may, at any stage of the proceedings, allow either party to alter or amend the pleading to determine fairly the dispute between the parties.
In my view in garb of order VI rule 17th parties take advantage to delay the proceeding of the courts which is misuse of the rule. In my view, clear guidelines may help disposing of these applications satisfactorily.