logo
Row over banking, NBFC, gas supply services can now be redressed through Lok Adalats

Row over banking, NBFC, gas supply services can now be redressed through Lok Adalats

Time of India29-07-2025
New Delhi: Lieutenant governor VK Saxena gave his approval on Tuesday to include banking, non-banking financial companies and gas supply services as public utilities for the "swift resolution" of disputes through permanent Lok Adalats.
According to an official, a proposal to this effect was sent by Delhi govt's law department, citing an increasing volume of disputes pertaining to banking and other financial institutions and the supply of gas services in the city. The move, said officials, was expected to provide "faster, more equitable and efficient" legal redressal for a large segment of the population dealing with common service-related grievances.
Three permanent Lok Adalats are currently functional in Delhi for the resolution of electricity-related disputes involving the private Discoms. Delhi State Legal Services Authority is also in the process of setting up another permanent Lok Adalat to cater to other public utility services that include transport, postal and telecom, water supply, public sanitation, health and insurance.
You Can Also Check:
Delhi AQI
|
Weather in Delhi
|
Bank Holidays in Delhi
|
Public Holidays in Delhi
"The law department's proposal pointed out that a large number of disputes related to loans, financial recovery, savings and investments, service deficiencies and billing issues in banking and non-banking financial sectors could be effectively and expeditiously resolved outside conventional courts if these three services were notified as public utility services," LG's office stated.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Live Comfortably: 60m2 prefabricated bungalow for the elderly in Villa Maria
Pre Fabricated Homes | Search Ads
Search Now
Undo
"Such inclusion would empower the permanent Lok Adalats to take up these matters, reduce the burden on regular courts, and provide accessible, low-cost and time-bound legal remedies to the public," it added.
The proposal stated that these three services were closely aligned with the characteristics of public utility services. Given the increasing volume of disputes and cases in these sectors, there was a pressing need to ensure expeditious, cost-effective and amicable resolution of such matters. Further, disputes related to these services often involved people who could not afford prolonged litigation and, therefore, the permanent Lok Adalats could provide a simplified and affordable alternative for resolving such disputes.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

RBI finalises co-lending framework starting Jan 2026
RBI finalises co-lending framework starting Jan 2026

Time of India

time41 minutes ago

  • Time of India

RBI finalises co-lending framework starting Jan 2026

Mumbai: RBI has come out with final co-lending rules for banks and non-banks which allow dual lending with a single KYC. The final norms mandate blended lending rates, irrevocable funding commitments, and escrow-based cashflow distribution, while keeping first loss default guarantee. These, along with capital impacts and lower returns, could make co-lending less attractive for originators. A 15-day loan transfer deadline may also drive lenders toward simpler direct assignment deals, ICRA said. The framework will become effective Jan 1, 2026. Credit enhancement for bonds RBI's norms on non-fund credit have allowed banks, financial institutions and NBFCs to offer partial credit enhancement to make certain types of bonds safer for investors. This facility can be extended to bonds issued by registered entities-municipal corporations, companies or special-purpose vehicles-for funding any type of project by large, non-deposit-taking NBFCs with assets of Rs 1,000 crore or more, subject to specified conditions. Call rate as policy anchor An RBI panel has recommended keeping the weighted average call rate as the main monetary policy target. It suggested ending 14-day variable rate repo and reverse repo (VRR/VRRR) auctions as the main liquidity tool, replacing them with 7-day operations and flexible terms up to 14 days when needed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Signs That A Heart Attack Is Imminent Learn It Wise Undo The RBI should usually give at least a day's notice for such actions, but can act the same day in special cases. Variable rate auctions will continue for all repo and reverse repo operations, including longer tenors. Existing liquidity management tools are considered sufficient, and the daily minimum CRR requirement will stay at 90% of the set level. Stay informed with the latest business news, updates on bank holidays and public holidays .

Aries Daily Horoscope Today, August 7, 2025: Let truth guide your connections today
Aries Daily Horoscope Today, August 7, 2025: Let truth guide your connections today

Time of India

timean hour ago

  • Time of India

Aries Daily Horoscope Today, August 7, 2025: Let truth guide your connections today

Today reminds you that showing your real self brings the most meaningful experiences. Do not hide your emotions or feel the need to impress. Your true energy has a special charm that will attract people who genuinely understand you. Let go of masks and speak with confidence. Even if some do not agree with you, those who matter will stay. Trust your natural spark and walk through the day with pride. Authenticity may feel risky, but it always brings peace. Aries Love Horoscope Today In love, being open and real will create a deeper bond. If you are in a relationship, your partner may feel more connected if you speak honestly about what you need. You do not have to pretend everything is perfect. Let them see your full heart. If single, your bold yet honest personality will attract someone who appreciates raw emotions over perfect words. Do not play roles or follow rules. Today, the heart responds best to truth, not perfection. Aries Career Horoscope Today At work, your unique approach will be your strength. You may face a situation where your opinion is different from the group. Instead of adjusting yourself, express your ideas confidently but respectfully. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Own a Home with Just 10% Down Payment! Ramky Lumina Undo People may not agree right away, but your leadership will shine. A project may require your full focus, so stay grounded. Avoid imitating others just to fit in. Your success comes from trusting your original voice. You are here to lead, not follow. Let your inner fire guide you. Aries Money Horoscope Today In money matters, be clear and true to your priorities. If others try to influence your spending or investment, do not blindly follow. Listen but make your own choice. Today is a good day to reflect on your financial goals and cut off small but unnecessary expenses. Avoid impulsive shopping to impress. Save for something that brings long-term happiness. If you stay honest about your needs and limits, money will bring comfort instead of stress. Self-control leads to financial strength. Aries Health Horoscope Today Your health may need attention, especially if stress has been building up. Physical symptoms like restlessness, headaches, or skin irritation could show up if emotions are not expressed. Let them out gently through a journal or a trusted friend. Eat light and fresh meals. Avoid spicy or heavy foods that increase heat in the body. A short walk or light stretching will help release stuck energy. Do not hide your discomforts. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.

Opposition flays state for ‘faulty' roll-out of NEP
Opposition flays state for ‘faulty' roll-out of NEP

Time of India

timean hour ago

  • Time of India

Opposition flays state for ‘faulty' roll-out of NEP

Porvorim: Opposition MLAs launched a scathing attack on state govt during discussions on education grants, criticising the rushed implementation of the National Education Policy (NEP) and a significant decline in enrolment at govt technical institutions. Carlos Ferreira accused govt of implementing the NEP without proper planning, stating that despite claims of reducing the content load, 'they have increased the theory-based content' and failed to rationalise curricular activities. He highlighted considerable gaps, including the absence of NEP-based textbooks for classes IX and X, and the lack of semester systems for classes VIII-X as mandated by the policy. 'Any new system should be introduced gradually, not forced upon,' Ferreira said, pointing out that students are overwhelmed with assignments, giving them no time for recreational activities. The leader of the opposition, Yuri Alemao, said that the state was 'not prepared at all' for NEP implementation and pointed out that the academic bank of credits concept 'has been reduced to a joke in Goa' with no functional system in any college. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Milana's Photoshoot Left Fans in Awe - Take a Look Paperela Undo He expressed concerns over Goa University's capability to lead NEP implementation. Vijai Sardesai pointed to vacant seats at Goa College of Engineering and demanded the modernisation of technical education, criticising the lack of industry-academia collaboration. The opposition said that while govt institutions struggle with 70% seat occupancy, private colleges are 'mushrooming without adequate facilities.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store