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Commercial Road Since almost three decades before the country became independent, private entreprenures were rendering bus services on intra-city and even to rural areas. They operated even on routes where there were no mettled roads. They, in different parts of the country had formed cooperatives in which individual operators were participants. This was with intent to improve the quality of their services.


Commercial Road Transport is a service industry. Not any ordinary one. It is an essential service. Persons engaging in this business are required to obtain a formal licence / permit. One of the pre-conditions of such licence / permit is that the holder has to render his service to people without discrimination.


Rail and Road are the two major modes of moving cargo across the country. Transportation of goods by road has various inherent advantages which led to it’s increasing preference by the consignors. No wonder thus that over the decades since early fifties, when Five year Plans for socio-economic growth of the country were started, the then share of road of 15 percent against that of railways of 75%  stands today  at over 70 percent.


Persons engaged in the job of construction, development or maintenance of roads were traditionally called ‘Contractors’. Their work was supervised and was subject to approval by an appropriate official of the government. How all of a sudden they came to be christened as Partners with the government? Similarly a body of “Consultants” (another set of non-official entities) has been created to “supervise and certify the performance of the private “Partners” of government—an-add on to the cost of project. All this is so very quizzing that it needs and has to be investigated at an appropriate forum for it’s rationality, fairness and probity.


“Delinquencies in commercial vehicle (CV) loans are increasing with monthly collection ratio (MCR) of Crisil rated CV pools dropping below 95 percent for the first time since 2009, as per the portfolio analysis of non‐banking financial companies (NBFCs).”


“In December, passenger car sales had declined by 12.5 percent, the steepest drop since August last year, when sales fell by 18.5 percent, according to SIAM data” say the reports, adding that “consumers can soon get cheaper car loans from Banks. Bankers expect these rates to dip by at least 25 basis points (bps).”


Having celebrated Navratri, Dussehra and Deepawali and before arrival of celebrations of Holi, Shankranti and Lohri, for past several years, we now also usher in the new year with a week-long CELEBERATION of ROAD SAFETY.


The World Bank will give its decision on financing of the Padma Bridge project on the basis of assessment of the First Information Report (FIR), filed by the Anti-Corruption Commission (ACC), by its external panel of experts over the appointment of SNC Lavalin, a Canadian Consultancy firm.


Overloading on trucks is the consequence of the Government’s urge to catch up with the practices prevalent in developed countries whereby the Motor Vehicles Act was modified to fix the limit of load on each axle of goods carriages and the sum total of axles of a vehicle being its gross vehicle weight (GVW).

 

It is indeed disgusting to learn that the Ministry of Road Transport and Highways is getting overzealous about the fad of the Planning Commission to switch over to ad-valorem rate of Cess on purchase of Diesel for funding the National Highway Development Programme (NHDP).