The limit up to which a president of Grama Panchayat can incur expenditure on an item of recognised contingencies at a time is : ?->(Show Answer!)

1. The limit up to which a president of Grama Panchayat can incur expenditure on an item of recognised contingencies at a time is :

Answer: Rs.5000/-

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The AP Bill has brought into sharp focus the need for customer protection in four critical areas. First is pricing. Second is lender's liability whether the lender can give too much loan without assessing the customer's ability to pay. Third is the structure of loan repayment - whether you can ask money on a weekly basis from people who don't produce weekly incomes. Fourth is the practices that attend to how you deal with defaults. But the Act should have looked at the positive bene ts that institutions could bring in, and where they need to be regulated in the interests of the customers. It should have brought only those features in. Say, you want the recovery practices to be consistent with what the customers can really manage. If the customer is aggrieved and complains that somebody is harassing him, then those complaints should be investigated by the District Rural Development Authority. 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