Today during lunch time, when i was traveling on friend's bike as my car was broken, i was stopped by a cop near Cyberabad commisioner office. I showed him all the documents he asked for and then finally, he said he will fine me for not wearing helmet and i was taken to the senior cop for getting the challan.
I requested the senior cop to forgive me this time as i had to take this vehicle of my friend and the helmet is in the bike but its smaller in size compared to my head.but the officer did not agree but came out with a solution saying, that i share the offence fine with another bike rider who also did not wear the helmet and said he will give challan of only 1 instead of 2 challans and we both share the price of it.
What do you think? Was this cop a kind cop or an incompetent policeman?
Showing posts with label fine. Show all posts
Showing posts with label fine. Show all posts
Wednesday, July 8, 2009
Wednesday, May 13, 2009
Intel gets fined - Customer Still the King...
European regulators slapped Intel Corp. (INTC, Fortune 500, the world's largest chipmaker) with a record fine of $1.45 billion after a nearly eight-year long antitrust case.As per European Commission, Intel violated the European anti-trust laws by following the unethical business practices to keep the competitor AMD out of business.
I would welcome such a judgement which ensures a check on the business giants not to run monopolies and at the same time not to play unethical tactics with the competitors. This would impact the end customer in a big way. Not just IT industry but rather we should have a good and powerful governing body which should act on such cases where in the customer is made to suffer because of the foul plays. Not just fine, we should also impose the ban of the business in that region for some time so that next time no other business house will even think of getting that way.
I m happy with EC on their judgement and at the same time sad that it took almost 8 years for the comission to give the ruling. We should expedite all such cases and show the business world that unfair means to achieve business will land them in trouble.
Having said this, ruling or fines will not just stop these actions, there have to be a proper and stringent Audits and compliance checks.
However, this ruling comes as boon for all the business houses who want to ensure a fair play in the market.
EC proves - Irrespective of competiton, Customer is the King.
Labels:
AMD,
antitrust,
business,
chipmaker,
customer,
customer is king,
EU,
European Comission,
european regulators,
fine,
Intel,
monopoly,
unethical business
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