Loan Against Securities (LAS)

Loan Against Securities (LAS)

by | Jul 16, 2022 | Banking & Finance

Loan Against Securities (LAS)

Loan Against Security

Sometimes in times of emergency, we need money immediately. In such a time, instead of selling your investment, taking a loan against securities is a better option. Although the process of loan against securities is a bit slow, but still through this you can take a loan at affordable interest rates. Any type of securities can be pledged to raise funds, such as shares, equity or debt mutual funds, insurance policies and bonds. It is very useful in times when there is an urgent need of cash for any personal or business related needs. Loan against Securities (LAS) is a very popular method for short and long term loans.

                                                                                                                                     Subas Tiwari

How to get Loan against Securities?

Before taking a loan through this, you should check whether the lenders accept the securities held by you or not. Most lenders usually have a list of securities on their website. They are ready to accept only securities on this list. Also, in the case of equities, a lender can give 50 or 60 per cent of the value of the securities as debt, although it can be higher in the case of debt funds or bonds. Some lenders also ask for additional securities in case the value of the securities falls during the loan tenure.

Important things related to Loan against Securities

  • A major advantage of this is that even when you pledge your securities with the lender, it keeps on growing over time and in the meantime, you can meet your needs by taking a loan without selling your investment.
  • Industry experts believe that this is a better approach than liquidating your investments. In this, interest, bonus and dividend, etc. continue to be available on your investment even during the loan tenure.
  • Loans against shares include stock exchange securities.
  • If the borrower fails to pay, the lender can settle the securities and recover the loan.
  • Loans against shares include stock exchange securities such as government securities, corporate securities and debentures.
  • These LAS are short term loans. Usually the repayment period is up to 36 months.
  • In some banks you also get the option of flexible repayment. You can choose to repay the loan interest every month and the principal amount at the end of the loan tenure under this option.
  • Loan against Security also comes with different charges – for example, in addition to processing charges, stamp duty, pledge creation fee, etc. may be levied on the loan agreement to a borrower depending on the loan provider.
  • In India you can apply for Loan against Shares in banks like Axis Bank, ICICI Bank, HDFC Bank, State Bank of India, etc.

How Loan against Securities Work?

Loan against property helps you to avail timely finance instead of selling off the securities in a haste. The limit of the financial assistance depends on the security that you have pledged. Usually a current account is opened in the borrower’s name and the rate of interest is calculated on the amount that is withdrawn by you during the period of utilisation.

When you pledge a security, you get steady cash easily at the time you need it the most and this also means that you won’t have to sell your shares and not benefit from the bonus and dividends.

Loan against security can be given against the following securities:

  • Life Insurance Policies
  • Mutual Funds
  • Demat Shares
  • Stocks
  • Equity Shares
  • Fixed Maturity Plans (FMPs)
  • Employee Stock Ownership Plan (ESOP)
  • Initial Public Offerings (IPOs)
  • Exchange Traded Funds (ETF)
  • Gold Deposit Certificates (GDC)
  • National Savings Certificates (NSC)
  • Kisan Vikas Patra (KVP)
  • Non-Convertible Debentures (NCD)
  • NABARD’s Bhavishya Nirman Bonds and many more

Features of Loan against Securities

  • Loan against security is a secured Loan. Debentures, shares, bonds or mutual funds are offered as collateral.
  • The tenure of the loan against security is one year, but it can be easily renewed.
  • The rate of interest usually ranges from 12 – 15%. The rate varies from bank to bank.
  • The processing fee is usually charged at the rate of 2% of the loan amount.
  • The loan amount depends on the security the borrower is offering.
  • The no charges for prepayment of the loan.
  • The borrower is required to be within the age bracket of 18 – 65 years to apply for a loan against security.
  • The loan has to be repaid within the fixed period. If the borrower fails to make the payment, the lender can file a case for recovery and the balance amount has to be repaid within 3 years from the date of sanction of the loan.
  • Loan amount may vary from Rs. 25,000 and up to Rs. 20 lakh, may exceed too.
  • High loan to value: Loan up to 85% of the asset value of your securities.

 Eligibility Criteria for Loan against Securities

Given below are some of the eligibility criteria you will be required to fulfil in order to be eligible to avail loan against securities from a bank:

  • Should be a resident of India
  • Should be at least 21 years of age
  • You should either be a salaried or a self-employed individual
  • The security against which you are availing the loan should be approved by the bank
  • Documents required for loan against securities
  • Borrower who is salaried must submit the following documents:
  • PAN card
  • Identity and address proof
  • Photograph
  • Last 6 months bank statement
  • Cancelled cheque
  • Demat account statement
  • Income proof
  • Borrower who is self- employed must submit the following documents:
  • PAN card
  • Identity and address proof
  • Photograph
  • Last 6 months bank statement
  • Cancelled cheque
  • Demat account statement
  • Income proof
  • Balance sheet and profit and loss account
  • Office address proof and existence of business proof

 

Loan against Securities offered by different banks

HDFC Bank Loan against Securities

Benefits and features of availing HDFC Bank Loan against Securities:

§ Minimum loan starting at Rs.50,000

§ Easy repayment process

§ Transparent processing of loan

§ Interest rate charged on the loan amount used

§ Penal charges: A penal charge of 18% p.a. plus tax will be levied on the amount drawn in the excess of the limit applicable.

ICICI Bank Loan against Securities

Benefits and features of availing ICICI Bank Loan against Securities:

§ Loan based on the value of your securities

§ Easy withdrawal

§ Loan interest will be charged on the amount used by you

§ Penal charges: A penal charge of 6% plus other applicable rates will be levied on the amount drawn in the excess of the limit applicable.

TATA Capital Loan against Securities

Benefits and features of using TATA Capital Loan against Securities:

§ Overdraft facility available

§ Zero foreclosure charges

§ Quick processing of application form

§ Security swap facility available

§ Penal charges: A penal charge of 3% plus outstanding amount per month + GST will be levied on the amount drawn in the excess of the limit applicable.

SBI Loan against Securities

Benefits and features of availing SBI Loan against Securities:

§ Loan amount starting at as low as Rs.20,000 and goes up to Rs.5 crore

§ Available in 5 different schemes

§ Relationship manager available 24×7

§ Easy documentation

§ No part payment or foreclosure charges

§ No processing fee for select schemes

§ Penal charges: A penal charge will be charged at the discretion of the bank and will vary from scheme to scheme.

Axis Bank Loan against Securities

Benefits and features of availing Axis Bank Loan against Securities:

§ Loan amount of up to 85% of the value of the securities

§ Processing fee charged at the rate of 0.15% of the loan amount

§ Easy documentation

§ No part payment or foreclosure charges

§ Penal charges: A penal charge of 2% per month will be charged.

 

Sourced from- https://www.bankbazaar.com

How to Apply for Loan against Securities?

Online

Today, almost every bank in India provides you with the option of availing loan against securities online. The whole process is fast and hassle-free. You can visit the official website of the bank from whom you wish to avail the loan and click on the ‘Apply Now’ button. You will have to enter the details required by the lender and upload the necessary documents. Once the bank has verified the details and documents submitted by you, the loan amount will be disbursed to your bank account.

Offline

You can visit the nearest branch of the lender from whom you wish to avail the loan along with the necessary documents. An official from the bank will then further assist you with the process of applying for a loan against securities scheme.

 FAQs on Loan against Securities

  1. What are loan against securities?

Loan against securities is a loan that a customer can avail by pledging his or her investments in favour of the lender. This loan can be availed without selling your investments.

  1. What is the purpose of loan against securities?

Loan against securities come as a quick funding respite for contingencies, personal needs and sometimes even for the undefined goals. They are also one of the most convenient and quick forms of loan one can avail at ease.

  1. Is there any option to pledge securities of my family members to apply for a loan against securities?

The applicant can pledge securities of any blood relative who is minimum or above 18 years of age. The person whose securities will be pledged need to be signatory in the agreement and will be considered as a co-applicant towards the loan against securities.

  1. Do you consider securities only in the Demat form?

Yes, all the securities that you pledge for loan against securities should be in the demat account. During the application process the account manager can confirm if any mutual fund units or any other physical securities can be accepted in the physical form.

  1. How will the disbursement of loan against securities be done?

An overdraft account will be set up with customized drawing limits allowing you to utilize the funds as and when required. This drawing limit will be based on the quality and quantity of shares and other securities pledged by you.

  1. Does the process involve revaluing my portfolio?

Your portfolio will be revaluated on a daily basis as per the market rates. However in case of high volatility and sharp falls in the market, an interim revaluation can also be done. For this, you will be informed by your accounts manager.

  1. Is there an option to pledge more securities during the loan tenure?

Yes. You can pledge more securities for upgrading the drawing limit on your overdraft account. It usually takes up to 2 working days for the upgrade to reflect in your account.

  1. Can we apply for a loan against securities as an organisation/HUF?

Yes you can apply for a loan against securities as an organisation, HUF or as a non-individual entity. Your business should be a registered business with an existence proof of at least 2 years.

  1. Are loans against securities legal?

Yes. Loans against securities are legal. The regulations were originally formed by SEBI in May 1997 & last modified in Jan 2018. All market participants in Indian securities market have been permitted to lend/borrow subject to respective regulatory guidelines. All the settlements of loans against securities are guaranteed by the NSE Clearing Ltd.

 

 

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Diet Soda: Are they good for your health?

Diet Soda: Are they good for your health?

by | Jul 9, 2022 | Guest Column

Diet Soda: Are they good for your health?

Diet sodas are a popular beverage all over the world, among people of all ages who are anxious to reduce their sugar or calorie intake. Instead of sugar, artificial sweeteners, such as aspartame, cyclamates, saccharin, acesulfame-k, or sucralose, are used to sweeten them. There is no doubt that diet soda is a better option for reducing calorie and sugar intake, but that’s not all. There is hardly any other nutritional value in these drinks. Although we do not have many scientific trials to document the long-term health outcome of diet soda, we cannot be mindless in the consumption of these drinks. Consumers are seeking a ‘healthier’ alternative to high-calorie-high-sugar beverages. However, should we straightaway assume that a food or drink that doesn’t contain calories or natural white sugar is ‘healthy’, without a thorough risk assessment? In this article, we share some recent research on artificial sweeteners and their adverse health effects raises multiple questions about regular diet soda consumption.

                                                                                                                           Richa Pande

 Diet soda is composed of water, artificial sweeteners, synthetic colours, preservatives, and flavours. These sodas provide low or zero calories, contain no refined sugar, and zero nutrients to support overall health. Worldwide, millions consume diet soda to avoid weight gain or manage complications of diabetes without having to give up on their favourite soda. It is mindful to know the general composition of something that we consume. Given below are some ingredients commonly present in diet soda drinks:

  1. Carbonated water- Most diet sodas have carbonated water in them. Carbonated water is water that has been infused with carbon dioxide gas under pressure Carbonated water itself has not been associated with side effects such as negatively impacting the bone and teeth health but having it may lead to bloating and gas if you are sensitive to it.
  2. Caffeine- Just like regular soda, many diet sodas contain caffeine. Almost every cola soda has caffeine in it. Your sleeping patterns can play a significant role in maintaining your health, and caffeine can greatly influence it. Cola sodas have around 10 mg of caffeine in 100 ml in it. An average soda can is of about 350 ml. A can of Diet Soda can contain 35- 46 mg of caffeine. It is always recommended to mind its consumption.
  3. Sugar substitutes– These include common artificial sweeteners, such as aspartame, saccharin, sucralose, or a natural sweeteners like stevia, which are 200–13,000 times sweeter than regular sugar.
  4. Acids-Certain acids, such as citric, malic, and phosphoric acid, are used to add tartness to soda drinks. Having too much of some of these ingredients such as phosphoric acid isn’t good for your teeth and bone health.
  5. Artificial colours, flavours, and preservatives-
Contents of three diet sodas picked from the market
    Ingredients
1 Brand 1 Sugar Free Soda Carbonated Water, Acids (Citric Acid, Malic Acid), Natural Lemon and Lime Flavouring, Acidity Regulator (Sodium Citrate), Sweeteners (Aspartame, Acesulfame K), Potassium Chloride, Stabiliser (Pectin).
2 Brand 2 Diet Soda Carbonated Water, Acidity Regulator (338), Sweeteners (951, 950), Preservative (211), Caffeine. Contains Permitted Natural Colour (150D) And Added Flavours (Natural Flavouring Substances), Contains No Fruit.
3 Brand 3 Zero Calorie Soda Carbonated Water, Colour (Caramel E150d), Acids (Phosphoric Acid, Citric Acid), Flavourings (including Caffeine), Sweeteners (Aspartame, Acesulfame K), Acidity Regulator (Sodium Citrate), Preservative (Potassium Sorbate). Contains A Source of Phenylalanine.
4 Brand 4 Fizz Classic Cola

 

Carbonated Water, Sweeteners (Steviol glycosides, Erythritol), Acidity Regulator (330, 331), Vitamin C, Herb Ashwagandha, Salt, Added Permitted Natural Food Colours (150D), Flavours.

 

Phenylketonuria Warnings on Diet Soda

Phenylketonuria is an inherited disorder that increases the levels of a substance called phenylalanine in the blood. Some diet soda contain aspartame, which is an artificial sweetener composed of two amino acids: aspartic acid and phenylalanine. It thus poses a severe health concern to phenylketonurics, or individuals afflicted with phenylketonuria. Hence Diet Coke using aspartame to provide sweetness while remaining sugar-free, needs to be avoided by phenylketonurics.

Diet Soda and Gut Health

It has been found that sugar substitutes such as saccharin, sucralose and stevia can change the composition of the gut microbiota. Some polyols such as maltitol, lactitol, and xylitol, increase the numbers of bifidobacteria in human beings. Intriguingly artificial sweeteners like saccharin & sucralose that are widely used in manufacturing diet soda could impact the gut bacteria- E. coli and E. faecalis. Due to excessive consumption of diet soda that has above ingredients, pathogenic bacteria like E. coli and E. faecalis can adhere to the gut wall, invade the Caco-2 intestinal cell lining, and cause multiple health hazards.

Diet Soda Teeth and Bone Health

Although diet soda doesn’t contain sugar like regular soda, it’s highly acidic and can take a serious toll on your smile if you drink a lot of it on a regular basis. One study found that both regular soda and diet soda significantly affects the surface roughness of tooth enamel, indicating that both can contribute to tooth erosion.

Diet soda contains several compounds that may negatively affect bone health and lead to bone loss. These compounds include caffeine and phosphoric acid. Caffeine consumption has been reported to decrease bone mineral density, increase the risk of hip fracture, and negatively influence calcium retention.

Diet Soda and sugar cravings, weight gain, and type 2 diabetes

Some research suggests that the artificial sweeteners found in diet soda may have the same effect on the food reward pathway in the brain as regular sugar, which could lead to increased hunger and food intake. Whether, and how, these phenomena contribute to weight gain is still unclear. Research on this topic is mixed, so additional studies on diet soda and sugar cravings are needed.

Take Home Message

Take Diet Soda in Moderation!

Switching from regular soda to diet soda is an easy way to reduce your intake of carbohydrates and calories. However, diet soda doesn’t contain many nutrients, and drinking too much is associated with some short and long-term side effects. For this reason, if you want to drink diet soda, it’s best to enjoy it in moderation. Consider pairing it with a nutritious, well-balanced diet. You can also enjoy plenty of healthier beverage options to help you stay hydrated during summers.

Few alternative drinks to consider-

coconut water, cold-pressed juice with no added sugar, freshly prepared lime soda.
 

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SC Re-affirms Stand on Healthcare Service under Consumer Law

SC Re-affirms Stand on Healthcare Service under Consumer Law

by | Jul 9, 2022 | legal desk

SC Re-affirms Stand on Healthcare Service under Consumer Law

The Supreme Court in the case of Medicos Legal Action Group v Union of India said, “We are of the clear opinion that the contention raised by the learned counsel for the petitioning Trust, of the Hon’ble Minister having made certain statements in course of parliamentary debates on the Bill that preceded the 2019 Act, is of little relevance.” From the pleadings it was found that ‘health care’ was initially included in the definition of the term ‘service’ appearing in the Bill but after extensive debates, the same was deleted. Mere repeal of the 1986 Act by the 2019 Act would not result in exclusion of ‘health care’ services rendered by doctors to patients.

                           Dr Prem Lata Legal Head VOICE

In the context of the 1986 Act and the 2019 Act, the definition of “service” having been read, understood and interpreted by the Supreme Court in Indian Medical Association (supra) to include services rendered by a medical practitioner to his patient upon acceptance of fees/charges. However, an organization “Medicos Legal Action Group”, had filed a writ petition before the High Court of Bombay as  Public Interest Litigation No. 58 Of 2021  and prayed before the court to declare  that services performed by healthcare service providers are not included within the purview of the Consumer Protection Act, 2019 and also  for mandamus directing all consumer fora within the territorial jurisdiction of this Court not to accept complaints filed under the 2019 Act against healthcare service providers.

Grounds for such an appeal were given as:

  • That parliamentary debates on the Consumer Protection Bill, 2018 preceding the 2019 Act led to exclusion of ‘healthcare’ from the definition of the term “service” as defined in the Bill.
  • That the Hon’ble Minister for Consumer Affairs, Food and Public Distribution, had stated on the floor of the Parliament that ‘healthcare’ had been deliberately kept out of the 2019 Act for the reasons cited therefore. This clearly indicates the parliamentary intent of not including ‘health care’ within the definition of “service” in the 2019 Act.
  • That the 2019 Act having been brought into force upon repeal of the Consumer Protection Act, 1986 registration of complaints, which are filed against doctors, by the consumer fora in the State of Maharashtra is illegal and should be declared as such.

On the above points raised by the trust, a detailed discussions were held in the high court and definition of service in both the acts was re-examined to make the things clear. Reading the two definitions, court did not see any material difference between the two. Except inclusion of ‘telecom’ in section 2(42) of the 2019 Act, the terms of the definition were identical.

Section 2(1)(o) of the 1986 Act did not in terms include services rendered by doctors within the term “service”, but such definition was considered by the Supreme Court in its decision in Indian Medical Association Vs. V. P. Shantha & Ors., and it was held-

  • Service rendered to a patient by a medical practitioner charging fee by way of consultation, diagnosis and treatment, both medicinal and surgical, would fall within the ambit of ‘service’ as defined in Section 2(1)(o) of the Act.
  • Medical Council of India and/or State Medical Councils constituted under the provisions of the Indian Medical Council Act would not exclude the services rendered by them from the ambit of the Act.
  • Services rendered free of charges to some but charged from other patients by the same hospital /nursing home is also covered as rendering service.
  • Where, as a part of the conditions of service, the employer bears the expenses of medical treatment of an employee and his family members dependent on him, the service rendered to such an employee and his family members also falls under these services.

Court on the basis of definition above examined held that, “Merely because of enactment of the 2019 Act upon repeal of the 1986 Act as well as the parliamentary debates, the efficacy of the law laid down in the decision in Indian Medical Association (supra) as a binding precedent would not stand eroded. This is a thoroughly misconceived Public Interest Litigation and we have no doubt that it deserves outright dismissal”.

Medicos Legal Action Group had approached the Supreme Court through a Special Leave Petition challenging the Bombay High Court’s judgment delivered in October 2021. The Supreme Court on Friday held that doctors and healthcare services are not excluded from the ambit of the Consumer Protection Act 2019.

A bench comprising Justices DY Chandrachud and Hima Kohli affirmed the petitioner based its case on a statement reportedly made by the Union Minister while introducing the Consumer Protection Bill 2018 that health care services are not covered under it. The bench said that the Minister’s statement cannot restrict the ambit of the statute.

Justice DY Chandrachud remarked, “The definition of ‘Service’ is wide enough under the Act. If the Parliament wanted to exclude, they would have said it expressly. The reason why healthcare was deleted was because the definition of the expression of service was wide enough. The Minister’s speech in the house cannot restrict the ambit of the Act while laying emphasis on the word ‘Service of any description’.”

He also added, “We will affirm the judgment of the High Court. It’s a very guarded statement of the Minister also. The Minister is also saying that we have included but not expressly included in it.” 

Relevance of Speeches in the Parliament

Supreme Court cited earlier cases wherein parliamentary speeches were in question.

 In the case of State of Travancore-Cochin vs. Bombay Co., SC Hon’ble Patanjali Shastri, CJI held, “A speech made in the course of debate on a bill could at best be indicative of the subjective intent of the speaker, but it would not reflect the inarticulate mental process lying behind the majority vote which carried the bill, nor is it reasonable to assume that the minds of all those legislators were in accord.”

Aswini Kumar Ghose vs. Arabinda Bose, ruled, “Speeches made on the floor of the Parliament are not admissible as extrinsic aids to the interpretation of statutory provisions.”

State of West Bengal vs. Union of India, Hon’ble B.P. Sinha, CJI held, “A statute is the expression of the collective intention of the Legislature as a whole and any statement made by an individual, albeit a Minister, of the intention and object of the Act, cannot be used to cut down the generality of the words used in the statute.”

While concluding, the SC in clear terms indicated that the parliamentarians might have thought of not including `health care’ as that would have amounted to a mere surplus.

“If at all the Parliament while repealing and replacing the 1986 Act with the 2019 Act had intended to give a meaning to the term ‘service’ different from the one given by the Supreme Court, such intention ought to have been reflected in clear words by a specific exclusion of ‘health care’ from the purview of the 2019 Act. While construing a statute, what has not been said is equally important as what has been said.”

 

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Sustainable Healthy Foods for the consumers – Right to choose healthy foods

Sustainable Healthy Foods for the consumers – Right to choose healthy foods

by | Jul 2, 2022 | campaigns

Sustainable Healthy Foods for the consumers – Right to choose healthy foods

Choose Healthy Foods
India is termed the diabetes capital of the world with the diabetic population in the country estimated to hit 69.9 million by 2025 and 80 million by 2030 – an increase of 266%. In India, nearly 1 in 4 adults and 1 in 20 children are classified as overweight or obese. Rates are increasing faster in India than the world average, and obesity prevalence is expected to more than triple by the year 2040, without intervention. Nearly 63% of total deaths in India are due to non-communicable diseases, of which 27% are attributed to cardiovascular disease which affects 45% people in the 40-69 age group. Evidence increasingly indicates that growing worldwide consumption of ultra-processed junk foods and sugary drinks is a major driver of the global obesity epidemic — including childhood obesity — and increases in prevalence of other nutrition-related diseases. Scientific evidence highlights foods and beverages providing energy high in added sugar, sodium, saturated fat and any added trans-fat – which are referred to as nutrients of concern, have a detrimental impact on health. Front-of-package labels are an evidence-based policy tool, backed by decades of research showing that they can effectively nudge consumers towards healthier foods and drinks while also encouraging industry to improve the nutritional profile of the products they sell. The World Health Organization (WHO) recommends FOPL as a key policy to promote healthy diets and reduce NCD prevalence worldwide. Most consumers are unaware of the presence of critical nutrients on food packets and how to read food labels. FOPL will help consumers understand and read labels and make informed choices.

About the Project

Consumers have the right to choose healthy foods that are low in salt, sugar and fats through correct information. Front of Pack Labelling (FOPL) is an effective tool which provides consumers information and alerts them about unhealthy ingredients, and helps consumers to choose healthy products. Through this project we are aiming to empower consumers by informing and educating them about Front of Label Packaging (FOPL) as most of the consumers are unaware about food labels. Most consumers are not aware of the presence of salt, sugar, and fats on packaged foods and are therefore unable to make informed choices. Using Front of Pack Lables (FOPL), consumers can make informed and healthy food choices. They can choose foods that are low on fats, sugar and salt.

Objectives

  1. To inform and educate consumers about importance of Front Of Pack Labelling (FOPL) and enable them to make informed and healthy choices.
  2. To sensitize consumers and help them correctly and quickly identify products that contain excessive amount of sugars, fats, and salt.
  3. To empower consumers and help them distinguish between healthy and unhealthy foods and make the right choice.

Strategy

  • Consumer sensitization through workshops and train the trainer workshops to spread awareness about food labels.
  • Media sensitization through regional and online coverages.
  • Short videos will help in amplification of messaging on how to choose healthy foods
  • Social media campaign through various stakeholders such as consumer organisations, public health experts, nutrionists and research professionals that  will  help in reaching to consumers and create a buzz
  • Development and distribution of IEC materials in different languages so that more consumers can be  sensitized .

Expected Outcomes

  • Consumers will be sensitized on food lables and how to identify presence of critical nutrients on food packets.
  • Consumer workshops and awareness through various digital tools will help reach a greater audience and videos in different languages will help consumers understand the importance of food labels and make healthy and informed choices.
  • Consumers will ask for healthier food choices for a better and fitter healthy life
  • Consumers can quickly identify foods that are High in Salt, Sugar and Fats and make informed choice.

CAMPAIGN UPDATES

Workshop in Delhi-NCR on Food Labeling

Consumer VOICE, organized a sensitization workshop on Importance of Food Labeling at Dayanand Secondary School, Vivek Vihar… Read More

Workshop in Gujarat on Food Labelling

Consumer VOICE organised an interactive workshop with the students on 7th November with the support of our Gujarat State Partner… Read More

Workshop in Madhya Pradesh on Food Labeling

In collaboration with Consumer VOICE, New Delhi, a sensitization workshop on food labeling was organized on 1st October… Read More

Workshop on Food Labelling West Bengal

Consumer VOICE, organised  a sensitization workshop on Importance of Food Labeling at Bamanpukur Humayun Kabir Mahavidyala Bamanpukur,West Bengal along with  state… Read More

 

ARTICLES

Food Labels: The Need and Importance!

To find the greatest deal, shoppers frequently examine the costs of foods in the grocery store. Read More

Food Labelling Can Help Prevent NCDs

India faces equally difficult issues with regard to food, nutrition, and health. About 5.87 million of all fatalities worldwide. Read More

Food Labels: Look at them!

Meera and her mother were shopping. She requested her favourite soft drink and snacks. Her mother, however, suggested that she eat something wholesome. Read More

Food Labels: Understanding them

Food label consists of necessary information about the total amount of product contained in a packet, its composition and ingredients. Read More

Road Safety Workshop in West Bengal

Road Safety Workshop in West Bengal

by | Jun 30, 2022 | Road Safety Campaign Updates

Road Safety Workshop in West Bengal

West Bengal

A road safety sensitization workshop was organised by Honcho Tech For Good Foundation, West Bengal with support from Consumer VOICE New Delhi at Humayun Kabir College, Bamanpukur, Minakhan, North 24 Parganas district on 21st June 2022. The purpose of the workshop was to strengthen road safety to save precious lives on roads by diligent enforcement.

The workshop was attended by officials of Basirhat Police District under North 24 Parganas District, Shri Joydeep Paul Traffic Officer Incharge Basirhat Police District, North 24 Parganas represented the ‘Save Drive Save Live Campaign’  Shri Manab Mondal Minakhan Block Coordinator, Shri Raju Paul Minakhan Block President, Hasanujjaman Seikh, PDO (Minakhan Block), Subhas Biswas , Principal and Social Activist of Humayun Kabir Mahavidyalaya and Ms Sayani Das, Celebrity Swimmer  youth influencer for Road Safety were also present in the workshop besides President of Panchayat Samiti along with several administrative officers. Shri Gopesh Patra, Deputy and spokesperson of MLA Smt. Usharani Mondal also addressed the audience.

Various aspects of road safety, risk factors linked with MVAA 2019 provisions current situation in the district various measures taken and required to strengthen the road safety were discussed with stakeholders in the workshop. A booklet on road safety highlighting the risk factors and important provisions in the MVAA act was distributed. A presentation was also given by Honcho Tech Officials to elaborate various aspects and an appeal was made to adhere all traffic rules with focus on certified helmet wearing and fasten the strap.

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