Commuters face hardships as auto taxi unions go on strike to demand CNG subsidy fare hike \
6 min read
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Commuters face hardships as auto taxi unions go on strike to demand CNG subsidy fare hike

18-Apr-2022
New Delhi Apr 18 PTI Commuters in Delhi had a harrowing time on Monday as various autorickshaw and taxi unions went on a strike demanding subsidy on CNG prices and a fare revision in the wake of the rising fuel pricesMany commuters complained that they had to wait for a long time for Ola and Uber cabs that were available at inflated rates due to surge pricingPeople in Delhi are likely to face similar hardships on Tuesday as wellThe Sarvodaya Driver Welfare Association of Delhi whose members work with cab aggregators said its strike will continue for another dayHowever the Delhi Auto Rickshaw Sangh an umbrella body of auto drivers said it has no such plan for Tuesday and a decision on further strike will be announced laterHardly any autos cabs and feeder buses were available at railway stations Inter-State Bus Terminals ISBT and metro stations across the citySome were caught unawares by the strikeI and my family reached Delhi from Raipur this morning No cabs and autos were available at the New Delhi Railway Station due to the strike I waited for an hour to get a cab or an auto but in vain Finally I had to call up my friend to go home in Ghaziabad Vinay Prajapati told PTIAnother commuter Preeti Dahiya had a hard time trying to hail an autoI have been standing here for around 15-20 minutes and I had to go to Geeta Colony I tried booking a cab but the waiting time was more than 25 minutes and there was surge pricing I spotted a few autos but no one agreed to go due to the strike said Dahiya who was standing near the Patel Chowk metro stationShe said auto drivers were only willing to undertake short trips of 2-3 kmsDiljeet Singh another commuter said Every day I take a cab to my office near Central Secretariat and it costs me around Rs 400 for a one-way trip But today due to the strike fewer cabs were available and fares have shot up I had to pay over Rs 650 to reach my office from Noida There are over 90000 autos and more than 80000 registered taxis complementing the public transport system in DelhiAuto and cab drivers unions have been demanding a hike in fares and slashing of CNG prices to offset the impact of the rising fuel pricesThey refused to call off their strike despite an announcement by the Delhi government to set up a committee to consider fare revision in a time-bound mannerOur strike was successful in conveying our message Seeing the difficulties faced by the public we have decided to postpone our strike The future course of action will be decided later Delhi Auto Rickshaw Sangh general secretary Rajesh Soni told PTIHe said the government should either provide a subsidy of Rs 35 per kg on CNG prices or hike faresThe Sarvodaya Driver Welfare Association of Delhi threatened to go on an indefinite strike if its demands are not acceptedOur strike will continue on Tuesday We have given a two-day ultimatum to the governments Centre and city to consider our demands after which we will go on an indefinite strike said Ravi Rathore president of Sarvodaya Driver Welfare Association of DelhiAuto and cab drivers also staged a dharna near Chief Minister Arvind Kejriwals residence at Civil Lines later in the day to press their demandsSmall protests were also held at a number of other places including Kashmere Gate ISBT Rani Bagh and New Delhi Railway Station auto standThe Delhi Congress supported the strike and demanded that the Kejriwal government give subsidy on CNG pricesThe strike has caused tremendous inconvenience to commuters as they were stranded at many places The chief minister was unmoved by the plight of the people as he refused to meet the auto-taxi unions CM Arvind Kejriwal should concede their demand for subsidy on CNG Delhi Congress president Anil Kumar said in a statementIn the morning there were reports claiming that cabs entering Delhi from neighbouring Noida and Ghaziabad were being stopped at border points adding to the woes of the commutersHowever cab and auto drivers associations said they were not stopping anyone and merely informing fellow drivers about the strikeThe strike was planned at a short notice so many of the cab and auto drivers from the NCR were unaware of it Hence they were told about the strike at Delhi borders and were requested to participate in it after completing their trips Rathore said PTI AKM AKM DIV DIV
18-Apr-2022 National
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Ruckus in Assam assembly after Congress plea for discussion on land scam rejected \
5 min read
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Ruckus in Assam assembly after Congress plea for discussion on land scam rejected

20-Dec-2021
Guwahati Dec 20 PTI The Winter Session of Assam assembly began with chaotic scenes on Monday after the Speaker rejected an adjournment motion moved by the Congress to discuss the alleged land scam by a company co-founded by the wife of Chief Minister Himanta Biswa Sarma The unruly scene inside the House forced Speaker Biswajit Daimary to adjourn the session for 10 minutes Later the entire opposition comprising the Congress AIUDF the CPIM and one Independent MLA staged a walkout as the matter was not allowed to be discussed Leader of the Opposition Debabrata Saikia and other Congress MLAs served a notice for an adjournment motion to discuss alleged violation of laws while acquiring 29 bighas and 9 lecha around 18 acres of government land by RBS Realtors Pvt Ltd Daimary initially said he received an adjournment motion on violation of land policies by a private company and the motion was disallowed He did not mention what the notice was all about On this Independent MLA Akhil Gogoi said Cannot we talk about the CMs familys land scandal Reacting to Gogois question all the BJP members stood up and started shouting at him The speaker said there was no need to take anyones name Justifying his stand to reject the motion Daimary said I have not got any data on the topic There are only some newspaper clippings When Gogoi insisted on reading out the topic of the notice he said that there was no need to read it out in the House Saikia then said that it would be wrong if the opposition party was not allowed to even talk on the admissibility of the notice A decision to reject it can be pronounced thereafter Other senior Congress MLAs such as Bharat Chandra Narah and Kamalakhya Dey Purkayastha too questioned the Speaker for not reading out the notice The rule allows the Speaker to decide on the admissibility of a notice I have checked it and found that it is not admissible Daimary said Gogoi then again raised the issue mentioning the alleged land scam by the wife of the chief minister The BJP members too reacted sharply to this leading to adjournment of the House for 10 minutes When the House reassembled Saikia raised the topic again and urged the Speaker to discuss the matter When Daimary stuck to his point over dismissal of the notice without mentioning the topic the opposition stood and shouted against the alleged scam Finally the Speaker allowed Saikia to talk on the admissibility of the notice related to grabbing of government land The senior Congress leader then read out the entire notice and said that the matter is of recent development was not discussed earlier public interest related not sub-judice related to the state government and involves corruption Saikia also said that the ministers role is also under question in the entire development and demanded an Assembly resolution to initiate a probe by a sitting judge and return the occupied land to the actual beneficiaries When we have scores of erosion hit landless families one private commercial company has grabbed government land meant for the poor It needs to be investigated properly he added Giving the governments version Parliamentary Affairs Minister Pijush Hazarika said the alleged irregularities took place between 2006 and 2009 which is not a recent period So it should be rejected Saikia said it was exposed by the media recently so it should be discussed Gogoi displayed a local vernacular daily and claimed that it appeared on Mondays edition also Both Saikia and Gogoi said it is a matter of public interest and urgency There is no issue in discussing it but not adjourning other works You may bring it through other devices I dont see a situation to adjourn all businesses and discuss it Daimary said On this the Congress AIUDF CPIM and the Independent MLAs staged a walkout from the House for the dayThe chief minister was not present at the House Earlier another adjournment motion by the AIUDF to discuss an agriculture project at Gorukhuti in Darrang district where two people were killed in police firing during an eviction drive in September was rejected as the matter is sub-judice PTI TR NN NN
20-Dec-2021 National
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Acies wins the 2021 Asia Risk Risk Management Consultant of the Year award \
3 min read
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Acies wins the 2021 Asia Risk Risk Management Consultant of the Year award

27-Sep-2021
MUMBAI India and SINGAPORE and HONG KONG Sept 27 2021 PRNewswire -- Acies was awarded the Risk Management Consultant of the Year for its work with more than 15 Indian insurance companies and global banks on interest rate risk management The Asia Risk Awards 2021 virtual ceremony of Acies award was held on 27 September 2021 As demand for savings and annuity products increased significantly amid falling interest rates during the pandemic Acies headquartered in Indias financial hub of Mumbai acted swiftly in helping its insurance clients manage interest rate risk It achieved this with an extensive suite of strategies processes and technology We worked with some large banks with an intention of coming up with an industry solution that would allow insurers to de-risk the interest rate guarantee they give to the end-users says Muzammil Patel Managing Director at Acies Acies also engaged with banking and insurance regulators to address concerns modify product structures and enable a standardised roll-out to the industry to ensure responsible and sustainable growth of the forward rate agreement FRA product Acies work brought about transparency and standardisation in FRA pricing and valuation For insurance clients Acies provides end-to-end consulting services - including setting up risk management and accounting frameworks and a derivatives system The derivatives system Kore considers transaction entries daily mark-to-market updates daily margining and subsequently ledger entries to be passed onto the accounting system Finally Acies solutions also help generate risk measures that must be submitted to regulators We want to make sure the insurers are working on a fully-hedged basis that they are accounting for derivatives correctly and they can prove to the regulators they have the requisite offsets and risk capital says Muzammil Patel When that happens it gives them more latitude to de-risk the entire spectrum To know more about this award visit httpswwwrisknetawards7873981risk-management-consultant-of-the-year-acies About the Asia Risk Awards The Asia Risk Awards hosted by RiskNet is the longest-running and most prestigious awards for firms and individuals involved in the Asias derivatives markets and in risk management For a full list of award winners visit httpswwwasiariskcongresscomawards About Acies Acies is a multi-national firm comprising businesses focussed on providing technology applications and platforms consulting content and learning and development solutions and strategic investments implement skill and scale businesses to support growth and sustainability To know more about Acies visit httpswwwaciesconsulting or the LinkedIn Company page PWR PWR
27-Sep-2021 National
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