Man owns Rolls Royce, says 'Please let me drive it'

February 11, 2017

New Delhi, Feb 11: A Delhi resident has approached the National Green Tribunal to be allowed to drive his 20-year-old Rolls Royce car.

rollroyceCars older than 15 years are banned on the city's streets, among the world's most polluted, in efforts to improve air quality. The owner, who claimed to have been driving the vehicle on the roads only on exceptional occasions, has submitted that his classic model has run only 35,000 km since its registration in 1996 and it is a healthy condition and in no way harmful to the environment.

Taking note of the facts of the case, a bench headed by NGT Chairperson Swatanter Kumar sought a response of the government authorities on his plea to examine whether he can claim renewal of the registration of his Rolls Royce. The plea filed by Delhi resident Ashok Kumar Jain will come up for hearing on February 22.

The car owner said he purchased the Rolls Royce petrol-based car in 1995 and it was imported in 1996 after making a payment of 112,350 pounds, which was equivalent to Rs. 1 crore as on that date, along with customs duty.

He said the vehicle is insured and had requisite pollution test certificate and due to the tribunal's order, he would not be able to get his vehicle's registration renewed. He sought permission to use the vehicle after complying with necessary fitness certificate and pollution tests.

The petition said the tribunal while restricting the right of owners of petrol vehicles older than 15 years to ply on the roads of Delhi and NCR or from getting fresh registration in these areas, "did not consider the scenario of such classic models of luxury cars which have not lost their value despite the time period and would be worth upgrading to permissible fitness requirements under the Motor Vehicles Act for plying on the road".

It said such cars have gained a distinct sense of value due to their rare make and availability of the models in the market and Jain's vehicle is a classic model which could be recognised as a vintage model in course of time.

"...Applicant is even ready and willing to upgrade the car and make it compliant with the norms on emissions as required for plying the same in New Delhi.

"He has sought to upgrade his car if required to ensure that the car meets the emission standards as is required in India," it said, adding that he has approached manufacturers of the car in the United Kingdom who have agreed.

The tribunal had on November 26, 2014 banned plying of all diesel and petrol vehicles which were over 10-years-old and 15-year-old respectively on Delhi roads to tackle increasing air pollution.

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Agencies
May 30,2020

The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.

A top government source said that the Centre is not in favour of increasing tax rates on any goods or service as it could further impact consumption and demand that is already suppressed due the COVID-19 pandemic and lockdown.

It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre. Several states have reportedly taken an over 80-90 per cent hit in GST collections in April, the official data for which has not yet been released by the Centre.

"The need of the hour is to boost consumption and improve demand. By categorising items into essential and non-essential and then raising taxes on non-essential is not what Centre favours. But, the issue on rates and relief will be decided by the GST Council that is meeting next month," the finance ministry official source quoted above said.

The GST Council is chaired by the Union finance minister and thus the views of the Centre play out strongly in the council meetings.

However, the Council will also have to balance the expectations of the states whose revenues have nosedived after the coronavirus outbreak and wide scale disruption to businesses while they have still not been paid GST compensation since the December-January period.

To the question of wider scale job losses in the period of lockdown as businesses get widely impacted, the official said that the Finance Ministry has asked the labour ministry to collect data on job losses during Covid-19 and is constantly engaging with the ministry to oversee job losses and salary cuts.

On restrictions put on Chinese investment in India, the official clarified that no decision had yet been taken to restrict China through the Foreign Portfolio Investment (FPI) route.

Asked about monetising government debt, the official said that the issue would be looked at when we reach a stage. It has not come to that stage yet.

In the government's over Rs 20 lakh crore economic package, the official defended its structure while suggesting that comparisons with the economic packages of other countries should not be drawn as India's needs were different from others.

"We have gone in more reforms that is needed to give strength to the economy. This is required more in our country," the official source said.

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Agencies
June 12,2020

New Delhi, Jun 12: The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks.

A bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul and M.R. Shah queried Mehta as the court was concerned since the Centre has deferred loan for three months.

"Then how can interest of these 3 months be added?" the apex bench asked. Mehta replied: "I need to sit down with the RBI officials and have a meeting."

SBI's counsel, senior advocate Mukul Rohatgi, intervened during the proceedings and said "all banks are of the view that interest cannot be waived for a six month EMI moratorium period".

"We need to discuss it with the RBI," insisted Rohatgi.

Justice Bhushan then asked Mehta to convene a meeting of the RBI and Finance Ministry officials over the weekend, and listed the matter for further hearing on June 17.

The top court, during the hearing, indicated that it was not considering a complete waiver of interest but was only concerned that postponement of interest shouldn't accrue further interest on it.

After the RBI said the waiver of interest charges on EMIs during moratorium will lead to loss of 1 per cent of the nation's GDP, the top court had earlier asked the Finance Ministry to reply, whether the interest could be waived or it would continue during the moratorium period.

The top court said these are not normal times, and it is a serious issue, as on one hand moratorium is granted and then, the interest is charged on loans during this period.

"There are two issues in this (matter). No interest during the moratorium period and no interest on interest," said Justice Bhushan. The observation from the bench came on a petition by Gajendra Sharma, in which he sought a direction to declare portion of the RBI's March 27 notification as ultra vires to the extent it charged interest on the loan amount during the moratorium period.

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Agencies
January 19,2020

New Delhi, Jan 19: Messaging service WhatsApp which on Sunday faced issues in transmitting multimedia content including pictures and images, prompting social media users to share hilarious memes and messages, resumed regular services after over two hours.

#WhatsAppDown was the trending hashtag on Twitter for most part of Sunday afternoon in India along with several other countries such as Brazil, Europe and also parts of Middle-East including UAE, reported downdetector.in, a realtime problem and outage monitoring website.

Users of the popular messaging app were unable to send media files, stickers and GIFs.

Most users immediately went to Twitter to find out about the problem and check if others were facing the same issue.

Numerous tweets and memes took over the internet as soon as the news broke about the WhatsApp tech issue. After around two hours of technical glitch, the app resumed full service.

Even after full recovery of media transfer, people globally still continued checking the status of the messaging app.

WhatsApp has been one of the prime messaging apps since May 2009 and has recently collaborated with Facebook.

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