Odd-even policy worked well but don't extend it: Delhi residents

January 12, 2016

New Delhi, Jan 12: A majority of the capital's residents have told a survey that the odd-even policy for private cars has been implemented well, a sizeable number felt autos and taxis were fleecing them, even as those who do not want the practice to continue outnumbered others.

trConducted by LocalCircles, a citizen engagement platform, the survey found that during the first 10 days, a vast majority of people said either they used public transportation, including autos and taxis, or their second car. Only 8 percent opted for car-pooling and 9 percent used a bike.

The platform claims it is connected with more than one million citizens across India, and to the five questions that formed a part of the survey on the first 10 days of the odd-even policy, the respondents ranged between 11,785 and 13,971.

"Based on the poll results, it can be interpreted that while citizens believe that the government surpassed their expectations on the implementation front, clear impact on reduction in pollution is yet to be determined," said K. Yatish Rajawat, chief strategy officer.

"The Government of Delhi must look at how to place safeguards and controls so that autos and taxi services don't overcharge citizens in case the rule was to be implemented again or regularized," Rajawat added.

To a question "Should the odd-even policy be extended beyond January 15", over half the 12,918 respondents said no, while the rest seemed okay for its extension. Those who wanted to or not to buy another car were evenly matched, and 15 percent had vehicles with both registrations.

To another question on how people managed to commute during the first 10 days of the policy, only 8 percent of the 11,831 respondents said they pooled their cars. The largest share of the people, 44 percent, used public transport, 9 percent used a bike and 39 percent had cars for both days.

Evidently, people were surprised at the way the government managed to implement the scheme. Prior to the start of the policy on January 1, another survey found only 31 percent of the respondents being positive about it, while it rose to 58 percent after the conclusion of 10 days.

The odd-even policy, under which private cars with registrations ending in even numbers could ply only on even dates, and vice versa for those with odd-numbered plates, was announced by the state government from January 1-15 after the Delhi High Court said Delhi had turned into a gas chamber.

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Iveru
 - 
Wednesday, 23 Mar 2016

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March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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March 31,2020

Thiruvananthapuram, Mar 31: Kerala reported its second COVID-19 death after a 68-year-old man being treated for the virus, died at the Government Medical College Hospital here in the early hours on Tuesday.

The victim, Abdul Aziz, a retired ASI hailing from Pothencode here, was admitted to the isolation ward on March 23 with the symptoms of the Corona infection. He was also suffering from lung and kidney diseases.

Though his first test result for COVID-19 turned negative, the second test result confirmed positive, official sources said.

However, it was not known from where he caught the virus infection. leaving chances for a secondary contract of a COVID-19 patient.

His funeral will take place as per the protocol, the sources added.

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March 10,2020

Thiruvananthapuram, Mar 10: Senior Congress leader Shashi Tharoor on monday thanked PM Narendra Modi  for extending birthday wishes to him in malayalam.

"Thank you, Prime Minister Narendra Modi, for this elaborate birthday greeting in shudh sahitya Malayalam! Am touched by your thoughtfulness," Tharoor tweeted with a picture of the letter from Modi.

In another tweet, the Congress MP also posted its translation, that reads,

Tharoor, who is an MP from Thiruvananthapuram, turned 64 on march 9.

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SmR
 - 
Tuesday, 10 Mar 2020

Is he next Scindia waiting to board the BJP ship?

 

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