NGT fines Volkswagen Rs 100 cr for emission violations

NGT fines Volkswagen Rs 100 cr for emission violations
New Delhi, Jan 17 (IANS/Agencies) | Publish Date: 1/17/2019 11:53:34 AM IST

In response to the NGT’s direction to deposit Rs 100 crore within 24 hours for violating vehicular emission norms, the Volkswagen group on Thursday said although the green court’s order is still pending with the Supreme Court, it will comply with the order.

“The order of the NGT is already under challenge before the Supreme Court. However, the Volkswagen Group India will comply with the order of National Green Tribunal (NGT) and deposit the money, as directed,” a company statement said.

The development came after the NGT, on Thursday morning, slammed the German car maker for not complying with its November 2018 order to deposit Rs 100 crore with the Central Pollution Control Board (CPCB) within a month for causing “serious environmental damage” by using a cheat or defeat device that lowered vehicular emissions only during tests.

The company, however, said that all cars from the group are “compliant with the emission norms”. The Tribunal has directed the group to deposit the amount by Friday or face arrest and seizure of property.

Meanwhile, according to Business Standard, the NGT has asked Volkswagen India Ltd to deposit Rs 100 crore by 5 PM on Friday or face punitive action, including the arrest of the carmaker’s country Managing Director and seizure of the company’s properties in India. The green tribunal had, last year, fined the carmaker Rs 100 crore for the presence of defeat devices in their vehicles. A ‘cheat’ or ‘defeat device’ is a software which allows car companies diesel to manipulate emission tests by changing performance of its engines.

In December 2015, following the discovery of defeat devices installed in the cars of the company, Volkswagen India had recalled 3,23,700 vehicles to fix the emission software. Tests conducted in India had found that some models of the car were emitting pollutants as much as 1.1 times to 2.6 times higher than the applicable BS-IV norms. Earlier, Volkswagen had admitted to the use of ‘defeat device’ in 11 million diesel engine cars sold in the US, Europe and other global markets to manipulate emission test results

Gold extends gains for 4th day, up by Rs 110 at Rs 33,300/10g

New Delhi, Jan 17 (PTI): Gold prices on Thursday rose by Rs 110 per grams to advance the gaining streak for the fourth straight day at the bullion market here on increased demand from local jewellers, according to the All India Sarafa Association.

Silver, however, declined by Rs 300 to Rs 40,200 per kg on subdued demand from industrial units and coin makers.

Gold of 99.9 per cent and 99.5 per cent purities advanced by Rs 110 each to Rs 33,300 per 10 grams and Rs 33,150 per 10 grams, respectively.

  Sovereign gold too rose by Rs 100 to Rs 25,500 per piece of eight grams.

Traders said gold prices firmed up in line with positive global cues. Gold traded higher at USD 1,292.55 an ounce while silver stood at USD 15.57 an ounce in New York. The precious metal firmed up by 0.44 per cent to SGD 1,754 per ounce. 

In the previous three days, gold prices went up by Rs 315.

Silver ready declined by Rs 300 to Rs 40,200 per kg, while weekly-based delivery dropped Rs 143 to Rs 39,690 per kg.

Silver coins, however, held flat at Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

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