4 lakh trucks stranded on highways after note ban: AIMTC

November 14, 2016

New Delhi, Nov 14: Stating that around four lakh trucks are stranded in various parts of the country, the apex transporters body AIMTC today demanded immediate increasing of cash withdrawal limit from ATMs and banks to avoid crisis.

1trucksAll India Motor Transport Congress (AIMTC), claiming to have 93 lakh truckers, 50 lakh buses and tourist taxi and cab operators under its fold, said at least eight lakh drivers and conductors were severely impacted in the wake of de-legalizing of Rs 500 and Rs 1,000 currency notes.

"Our about 4 lakh trucks are stranded across India with about 8 lakh drivers and conductors severely hit. The sudden ban on higher denomination notes have made them stand in long queques before banks in different parts. The withdrawal limit is minuscule with ATMs at many places not working and paralysing the transport business," AIMTC president Bhim Wadhwa told PTI.

Demanding immediate increasing of withdrawal limits, Wadhwa warned that essential supplies like milk, vegetables, fruits and medicines would be impacted.

The drivers and tourists who are en route do not have ample cash in hand and are starving on the highways with no help coming from any quarter, he said.

"The road transport fraternity of India is facing its worst crisis with the banning of higher denomination notes," he said, adding, this despite transport being the highest taxpayer to the exchequer.

AIMTC said that in the last fiscal, contribution of the Road transport to GDP was 4.8 per cent, which amounted to Rs 5,44,800 crore annually or Rs 1,492 crore per day.

"Eighty per cent of the transport operations cost is cash based. This implies Rs 1,194 crore is required on a daily basis by the transport sector for its operations. As per the finance Act section - 6D(d) of IT Act, Rs 35,000 per truck per trip cash is allowed for en route expenses. A small operator having 10 trucks would require up to Rs 3,50,000 cash per day to tide over his requirement, which is unsustainable under the present cap," it said.

With acute liquidity and financial crunch, the transportation services are poised to come to a standstill, Wadhwa said.

He also said export-imports of the country was likely to be hit due to disruption in movement of vehicles to and from the ports. Besides, transporting raw materials to the industries and finished goods to the distribution centres would also get affected.

Comments

Naren kotian
 - 
Tuesday, 15 Nov 2016

we offer full support to sarva shakthimaan shri shri narendra modi ... awesome googly , in one shot islamic hawala network shattered and protests which was happening in kashmir melted down ... all patriotic indians say , bholo bharath mata ki jai ... hara hara modi ... yesterday one of the most respected minority community in india ,did langar in railway station ... their love for nation really has to be appreciated ... mainly in congress run states and non bjp run states this is causing problem as they are encouraging chaos .kolkata , hyd , up , delhi , karnataka , kerala and tamilnadu ... why no news in rajasthan, chattisgarh, ap , goa, mp , uttarkhand , maharashtra ?

Arif
 - 
Tuesday, 15 Nov 2016

Coming days and weeks are very scary. Anything might happen.

Ahmed K./C.
 - 
Tuesday, 15 Nov 2016

He is eligible for Parliament's canteen as Chai Maker. Not for PM's post. Narender Dramdodardas modi.

Skazi
 - 
Tuesday, 15 Nov 2016

Feku Maharaj.... come out of your sleep

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News Network
May 20,2020

Bengaluru, May 20: Karnataka State Road Transport Corporation (KSRTC) had to confront an unprecedented situation as there was a commotion at bus stands in various parts of the state due to the mad rush of passengers.

Deputy Chief Minister Laxman Savadi, who is in charge of the transport department, admitted that there were some shortcomings in the arrangements. He, however, was confident that things would improve from Wednesday.

As against the dearth of passengers in the bus stands in Bengaluru a day ago, Wednesday witnessed an overwhelming crowd blaming BMTC authorities for not providing enough buses for all the destinations on time.

Some of the employees who were asked to report to duty before certain time were facing difficulty in reaching the office in the absence of bus despite having daily pass and arriving at the stand well in advance.

Authorities were finding it difficult to convince the public as a bus could ferry only 35 passengers at a time which was way less than the demand.

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News Network
May 19,2020

Mumbai, May 19: Even as banks in United Arab Emirates are trying to trace NMC founder BR Shetty, a prominent bank in India is seeking to recover loans worth Rs19.13 billion from him and his companies. 

A local court has also barred him and his wife from selling or transferring some properties while it hears the case.

In the court filing, the Bank of Baroda said Shetty had an obligation to handover the title deeds of the 16 properties and mortgage the assets with the bank.

The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the Rs19.13 billion ($253 million) loans, according to a May 16 court order seen by Reuters. The court in Bengalaru set the next hearing in the case for June 8.

NMC, the largest private healthcare provider in the UAE, was placed under administration in April after months of turmoil. It disclosed in March it had debts of $6.6 billion, well above earlier estimates of $2.1 billion.

Finablr, in which Shetty has a controlling stake, said in April it may have nearly $1 billion more in debt than previously reported.

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News Network
July 25,2020

Chennai, Jul 25: Two weeks after a 62-year-old widow accused him of harassment, including urinating outside her house, the Chennai Police on Saturday registered an FIR against ABVP national president Dr Subbiah Shanmugam.

Dr Shanmugam, Professor and HOD, Department of Surgical Oncology, Kilpauk Medical College and Government Royapettah Hospital, has been booked under sections 271 (disobedience to quarantine rule) and 427 (mischief causing damage) under the Indian Penal Code (IPC) and Tamil Nadu Women Harassment Prevention Act.

The FIR was lodged exactly two weeks after the woman’s relative Balaji Vijayaraghavan filed a complaint with the Adambakkam police accusing Dr Shanmugam of harassing his aunt, who is living alone in her apartment following her husband’s death last year, following an argument over a parking slot. 

The action came after Vijayaraghavan alleged that the police were not filing an FIR due to the ABVP functionary’s “political connections.”

Dr Shanmugam and the woman were living in the same apartment complex in Nanganallur and an argument broke between them over a parking slot.

“He wanted to use our parking lot. We agreed but demanded a nominal charge for using it. He was outraged by our demand and even broke our signboard at the parking lot,” Vijayaraghavan wrote in his complaint.

He also alleged that Dr Shanmugam began harassing her by throwing “pieces of chicken” outside her apartment despite knowing she is a vegetarian.

CCTV footage corroborates with the allegations of urinating outside the residence of the widow. However, the ABVP called the incident as a “malicious and derogatory propaganda” by the Congress’ student wing of NSUI.

"The video shared by NSUI with an allegation of harassment is tampered with and is being used with malafide intentions. The two families have discussed this within their housing society and have already concluded that the harassment allegations were caused due to misunderstandings and are untrue,” ABVP National General secretary Nidhi Tripathi said.

Vijayaraghavan also alleged in his two-page written complaint that the ABVP national president had urinated outside the woman’s apartment gate and had been throwing garbage and used masks at her gate.

In his complaint, Vijayaraghavan also said the family was “concerned about her safety” while asking police to take action against Dr Shanmugam, who he says, “has a bad track record in maintaining rapport with neighbours.”

Also Read: ABVP national president accused of harassing woman, urinating at her doorstep

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