Financial Daily from THE HINDU group of publications Monday, May 29, 2006 |
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Logistics
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Trade & Labour Unions Truck-owners withdraw strike call
It is now learnt that the Orissa Government, at the instance of the Centre, will scrap the tax from June 1. Also, truck-owners having up to two vehicles will exempted from TDS. Where the TDS will be deducted, Form 16A will be issued in the name of the truck-owner. The Insurance Regulatory and Development Authority too will issue directives to all insurance companies not to refuse renewal and issue of Third Party Legal Liability Motor Policy at the existing tariff. Also, highway toll charges will be recovered from consignors and the anti-overloading provision of the Motor Vehicles Act reviewed and strengthened to ensure compliance.
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