Active Stocks
Fri Apr 19 2024 11:35:39
  1. Tata Steel share price
  2. 158.85 -0.72%
  1. Tata Motors share price
  2. 949.05 -2.30%
  1. Infosys share price
  2. 1,400.65 -1.40%
  1. ITC share price
  2. 423.90 1.18%
  1. NTPC share price
  2. 345.50 -1.68%
Business News/ Politics / Policy/  News in numbers | 395,261 consumer cases pending, says consumer redressal commission
BackBack

News in numbers | 395,261 consumer cases pending, says consumer redressal commission

Most consumer courts are working with poor infrastructure, including inadequate space and bad Internet connections

At present, no tax is deducted if a PF subscriber withdraws after a period of five years. Photo: MintPremium
At present, no tax is deducted if a PF subscriber withdraws after a period of five years. Photo: Mint

2,234

What is it? The number of people infected by Human Immunodeficiency Virus (HIV) during blood transfusions in the last 17 months.

Why is it important? It indicates poor blood transfusion practices at hospitals and blood banks as by law, all donors and donated blood have to be screened for infections, including HIV. During April-September 2014, 30 lakh units of blood were donated via National AIDS Control Organization’s blood banks.

Tell me more: HIV prevalence among pregnant women—considered as a proxy for the general population—is estimated at 0.29% for 2014-15.

50,000

What is it? The amount a Provident Fund subscriber can withdraw without having to pay tax at source.

Why is it important? The move will help 40 million subscribers. The earlier limit was 30,000. Each subscriber can potentially save 2,000, as tax at source is 10%.

Tell me more: At present, no tax is deducted if a subscriber withdraws after a period of five years.

26%

What is it? The increase in Tata Motors’ domestic sales of medium- and heavy-duty trucks in the first three months of this year.

Why is it important? It’s an indicator of an uptick in economic activity. Medium- and heavy-duty trucks are the mainstay for freight transport in India and Tata Motors has dominant market share in this segment of truck market.

Tell me more: The company reported a net profit of 5,177 crore in the March quarter, representing a three-fold increase from the year-ago period. Better performance by the Jaguar Land Rover unit aided this performance.

350 crore

What is it? The amount spent by state-owned Hindustan Aeronautics Ltd (HAL) to develop Hindustan Turbo Trainer - 40 (or HTT-40), which will take its maiden flight today.

Why is it important? The trainer was developed without any financial support or purchase commitment from the Indian Air Force and the entire amount was mobilised from HAL’s internal resources. The Air Force purchased 75 Swiss-made aircraft trainers for 3,770 crore in 2012. It requires another 106 trainers. HAL is hoping to secure a part of this remaining requirement.

Tell me more: The trainer could also be converted into a basic fighter aircraft for countries that can’t afford expensive fighters.

395,261

What is it? The number of consumer complaints that are pending at various consumer redressal forums and commissions from district to national level.

Why is it important? That’s about 8% of total consumer complaints filed since inception. Consumer courts were designed as low-cost options to redress consumer complaints. Over 72% of these cases are in district courts, underscoring issues that range from shortage of staff and inadequate infrastructure, and having to deal with frivolous cases.

Tell me more: A Supreme Court-appointed panel found that most consumer courts are working with poor infrastructure, including inadequate space and bad Internet connections. The panel suggested immediate revamp of facilities.

This article has been amended to correct the percentage of pending consumer complaints.

howindialives.com is a search engine for public data.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 31 May 2016, 05:08 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App