Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: 3.3
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.3
Article rating: 1.0
Article rating: No rating
RSS

News

Talks with IRDAI fails, truckers to intensify strike

Author: S Vijaykrishnan/Tuesday, April 4, 2017/Categories: Logistics

Talks with IRDAI fails, truckers to intensify strike

Chennai, April 4 (IANS) The ongoing strike by the truck owners is set to further intensify, resulting in rise in prices of essential items, following failure of the talks with the insurance regulator at Hyderabad on Monday, a motor transport union official.

"There was no commitment on the part of the Insurance Regulatory and Development Authority of India (IRDAI) to reduce the hike in third party premium rates for trucks," All India Motor Transport Congress' Vice President, South Zone, P.V. Subramani, told IANS.
 
 "The IRDAI said they would form a committee to consider reduction. We felt this would consume lot of time and hence decided to intensify our strike," he added.
 
 Subramani is also the Chairman and Managing Director of Cargo Wings Logistics Ltd.
 
 The third party premium for automobiles is decided by the IRDAI, while all other premium rates are decided by the insurers -- private and government-owned.
 
 He said from Tuesday onwards, even the trucks that were now plying to south India, would stop midway.
 
 According to him, around 650,000 trucks are off the roads in the southern states and the business loss per day is around Rs 4 crore.
 

Print Rate this article:
No rating

Number of views (264)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

S Vijaykrishnan

Other posts by S Vijaykrishnan
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free