Fast tag helps in reducing waiting time at Toll Gates in turn saving Rs 20000 crore annually in Fuel cost. It also helps plug leakage in toll collections.
A small step with Giant gains.
Similar step is needed in approving Films blocking UV Ray's and Heat.
It was a thriving Industry helping save Rs 30000 Crore plus annually in fuel cost as load on AC was reduced. There were more than 1.5 Cr vehicles having films which were mostly transparent.
Courts declared Films illegal as per Motor Vehicles Act. 1.5 Cr vehicle owners lost ~ Rs 30000 Cr investment overnight. India is spending ~ Rs 30000 cr annually in increased fuel cost. Thousands of Film making / fixing jobs were lost. Banks suffered NPAs.
An Indian Co , a pioneer in Films reinvented itself to focus on exports market. It exports films to 80 + countries & help them save precious fuel & environment. Unfortunately in India it continues to be illegal even though dark glasses and curtains are permitted.
Let us save Fuel Cost, Reduce Pollution, encourage Indian Cos and create Jobs by making transparent films legal.
A small step will give disproportionate benefits.
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Lot of comment on RBI becoming Pro Growth & keeping Inflation in back ground. Few Points to ponder.
- Inflation is being pushed on back burner globally. ECB moved from Inflation to Growth long back. US Fed has publicly stated to tolerate higher Inflation.
RBI pre Inflation targeting framework was managing Growth, Inflation, Govt Borrowing, Rupee and Financial stability remarkably well. Nobel Laurate Joseph Stiglitz complemented RBI stating that US Sub prime crisis would have been averted if Dr Reddy was US Fed Governor.
Despite stupendous success of the RBI in managing conflicting needs of Indian Economy, Inflation Targetting Framework was established without proper definition/measurement of Inflation.