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The Current Account Menace: Banks Brazenly Freezing or Closing Customer Accounts Citing RBI Circular
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With a 20% hike since January, India s high fuel prices are denting its already stressed economy
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The Baddi-Barotiwala-Nalagarh industrial hub in Himachal Pradesh, surrounded by a panoramic view of the Shivalik hills, is home to Asia s largest pharmaceutical manufacturing hub. It is serviced by a fleet of 13,000 trucks from small- and medium-sized transporters who have banded together to form the Nalagarh Truck Operators Union, Asia s largest truck union. In the past, whenever the union ran into friction with industry, it held its ground. For instance, in July 2020, when the union increased freight rates in response to a hike in diesel prices, the industry expressed displeasure but gave in to the union s demand. On occasion, local politicians had to intervene between the union and industry to broker a resolution, for the union and its large membership carry political heft during elections, association members told us.
Surging Fuel Prices Further Dent India s Pandemic-Stressed Economy
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MUMBAI: In less than 12 hours after scores of trucks supplying essentials were stuck at the Maharashtra-Gujarat border early on Saturday morning, the state government revised its guidelines regarding the “mandatory RT-PCR tests” for drivers and cleaners of cargo carriers entering Maharashtra with essential supplies.
The new order issued by state chief secretary Sitaram Kunte stated that the drivers and cleaners will be checked for temperature and any other Covid symptoms before entering the state from now on. Also the status of each person will be checked on Aarogya Setu before entry.
TimesView
The decision by the government to revoke the RT-PCR test for truck drivers/cleaners may have eased the ferrying of essentials across borders, but officials should still keep an eye for any driver showing Covid symptoms and deny him entry into the state. Transporters also must ensure drivers follow Covid norms such as wearing masks and getting their shots.