Diesel, petrol cabs go off roads in Delhi, owners warn of suicides

May 2, 2016

New Delhi, May 2: The Supreme Court’s ban on plying of diesel and petrol driven taxis in Delhi took effect on Sunday, with three taxi owners warning this might lead to suicides in frustration.

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Cab operators termed the apex court’s decision tyrannical, saying if the decision was not changed then it will lead many of them to commit suicide. Over 27,000 taxis run on diesel alone in Delhi.

The cab operators said that they had decided to protest after mutual consultations. They claimed that almost half the taxis were run on diesel in the national capital.

“I have cancelled 17 bookings since morning as most of my taxis are run on diesel. I have only five taxis run by CNG. We do not understand why the court and Government come up with such decisions?” S. Kumar, owner of Kumar Taxi Services in central Delhi, told media.

He said the apex court decision of Saturday will lead many taxi operators to commit suicide as they won’t be able to pay their car instalments now.

“How do we pay our monthly instalments to banks for the loans taken to buy taxis? Does not the government realize that diesel cars can’t be converted into CNG?”

The Supreme Court on Saturday refused to give more time to taxi operators to switch to the cleaner compressed natural gas (CNG). The deadline for the change, which had been extended twice, was Saturday.

Another transporter, who did not wished to be named, told media: “The order would have at least made sense if it was applicable to diesel taxis after their ongoing permit got over. That would have at least given some time to the operators to arrange for alternate taxis. But now we are all ruined.”

According to the Delhi transport department, about 60,000 taxis are registered in the city. Of them, 27,000 run on diesel.

Some taxi operators believe the court ruling will mainly affect cab aggregators Ola and Uber.

“The decision is not applicable to taxis with All India Tourist Permit. This is going to be a setback for Ola and Uber who have a large number of taxis run on diesel,” Raman of Kamal Taxi Service said.

“The authorities should not be surprised if taxi owners and drivers commit suicide in sheer frustration,” Raman added.

Pritpal Singh, a taxi owner in south Delhi, that even taxis with all-India permits often plied within the capital when there was no business for journeys outside. “So even they will be hit. We don’t know what to do.”

On Sunday, with taxis plying on petrol and diesel staying off the roads, commuters switched over to the limited number of CNG-driven yellow-top taxis and auto-rickshaws. The problem is expected to peak on Monday.

“I called two taxi companies but declined to take my booking citing lack of CNG cabs. Finally I took an auto-rickshaw to reach Noida Sector 15,” Sangeeta Johari, a stock broker, told media.

Piyush, working with a NGO, told media that he waited for two hours to get his taxi booked.

“I was initially told there are no cabs. Later, they said a taxi will be available but in two hours. I had no option and to wait,” he said.

This is the second blow to Uber and Ola in Delhi. The Delhi government has declared that it will not let them charge “surge pricing”.

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News Network
March 30,2020

New Delhi, Mar 30: The government on Monday said there was no plan to extend the 21-day lockdown which came intro force on Tuesday midnight.

The Press Information Bureau (PIB) of the Ministry of Information and Broadcasting tweeted, saying Cabinet Secretary Rajiv Gauba has denied media reports claiming that the government will extend the lockdown.

"There are rumours & media reports, claiming that the Government will extend the #Lockdown21 when it expires. The Cabinet Secretary has denied these reports, and stated that they are baseless," it said.

The 21-day lockdown is aimed at checking the spread of the coronavirus.

Following the lockdown, there has been a massive exodus of migrant workers from big cities to their villages after being rendered jobless.

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News Network
April 21,2020

New Delhi, Apr 21: India's count of positive coronavirus cases reached 18,985 after 1,329 new cases were reported in the last 24 hours, the Ministry of Health and Family Welfare said on Tuesday.

Out of the total cases, 15,122 are active cases, 3,259 have been discharged or cured and one has migrated. With 44 new deaths reported in the last 24 hours, the toll stands at 603.

As per the evening update by the ministry, Maharashtra continues to be the worst-hit state with 4,669 cases, out of which 572 patients have been discharged and cured and 232 deaths.

Delhi's total count of confirmed cases stand at 2,081, which includes 431 cured or discharged cases and 47 deaths.

Gujarat has reported a total of 2,066 positive COVID-19 cases, out of which 131 patients have recovered or discharged, while 77 patients have lost their lives.

Madhya Pradesh's count of COVID-19 cases stand at 1,540, including 127 cured or discharged cases and 76 deaths.

Rajasthan has so far reported 1,576 positive cases, out of which 205 patients have recovered or discharged and 25 people have lost their lives.

Tamil Nadu's COVID-19 figure has risen to 1,520, with 457 patients recovered and 17 fatalities. Uttar Pradesh has reported 1,294 cases, out of which 140 patients have recovered and 20 are dead.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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