New Motor Vehicles Law and change in insurance premiums need to be viewed with seriousness lest you face penalties and need to cough up money.
One frequently comes across news of juveniles driving cars and meeting with accidents and several others driving under the influence of alcohol. History of road accident cases dragging on for years are well documented, which is why the passing of the Motor Vehicles (Amendment) Bill, 2016 by the Lok Sabha, makes it just a formality before it turns into a law that is much more important.
For the first time there will be clear accountability of the mishaps that will ensure law breakers are punished. There are changes that will check on vehicle ownership by linking driving license and vehicle registration with the owner’s Aadhaar. Also, strict penalties are proposed for traffic violations and the contractors who design and build faulty road designs will be held liable. There is also a provision to take care of citizens who extend help to accident victims and report accidents without being harassed themselves for helping.
This story is from the May 2017 edition of Outlook Money.
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This story is from the May 2017 edition of Outlook Money.
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