Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Helmet makers urge GST cut as twowheeler accidents claim lives in India
The Business Guardian
|January 17, 2024
Helmet manufacturers are urging a reduction in the Goods and Services Tax (GST) from 18% to at least 12%, emphasizing the importance as two-wheeler accidents continue to claim a significant number of lives on Indian roads.
-
Rajeev Kapur, President of the Two-Wheeler Helmet Manufacturers Association and Managing Director of Steelbird Helmets, stated, “We have already requested the government to consider helmets as lifesaving devices and reduce the GST from 18% to 12%. This reduction will make good quality helmets more affordable for customers. According to the most recent data from the Ministry of Road Transport and Highways (MoRTH), twowheelers account for 42 per cent of accidents and 41 per cent of fatalities due to road accidents. In 2022, the total number of accidents reported by MoRTH was 151,997, of which 63,115 involved two-wheelers.
This story is from the January 17, 2024 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
DURGA PUJA AND DUSSEHRA: WHEN THE DIVINE RISES
India, a land of diverse cultures and religions, celebrates many festivals that are deeply rooted in spirituality and tradition.
3 mins
September 29, 2025
The Business Guardian
Dance of the divine: The spiritual essence of Garba and Navratri
Garba is a vibrant and devotional folk dance form from Gujarat, traditionally performed during the nine nights of Navratri to honor Goddess Durga.
3 mins
September 29, 2025
The Business Guardian
Bengaluru housing sales rise amid festive season
Bengaluru’s housing market is witnessing robust demand, with sales estimated to rise 21 per cent in July-September 2025 to 16,840 units, according to PropEquity. In the same period last year, sales stood at 13,966 units.
1 min
September 29, 2025
The Business Guardian
CM REKHA INAUGURATES NAND NAGRI FLYOVER
Delhi CM unveils flyover, strengthens healthcare with ambulances and organ portal.
1 mins
September 29, 2025
The Business Guardian
India secures Rs 1.02 lakh crore investments
The government has signed agreements with 26 overseas and domestic firms during the ‘World Food India’ summit for investments worth Rs 1.02 lakh crore in India’s food processing sector.
1 mins
September 29, 2025
The Business Guardian
Delhi's CR Park transforms into vibrant ‘Mini Bengal'
With the Durga Puja festivities in full swing, the lanes of Delhi's Chittaranjan Park have started glowing with the warm scent of fried fish, 'phuchka' stalls, egg and chicken rolls, and, of course, the sweets.
1 min
September 29, 2025
The Business Guardian
CARE Ratings reaffirms Aavas Financiers’ Rating, outlook upgraded to positive
Aavas Financiers Limited, one of India’s leading affordable housing finance companies, announced that CARE Ratings Limited has reaffirmed its credit ratings while revising the outlook from ‘Stable’ to ‘Positive’.
1 min
September 29, 2025
The Business Guardian
Look in your own backyard too, sir!
Why is India in the list of drug trafficking countries? And will America set up a military base in Bangladesh?
4 mins
September 29, 2025
The Business Guardian
DALIT PANTHERS: A SHORT-LIVED UPRISING IN MAHARASHTRA
By the mid-1970s, Dalit Panthers had chapters across urban and rural Maharashtra. They also participated in wider struggles - famously backing the 1974 food riot movement led by socialist women which forced then-Chief Minister Shankarrao More to improve grain rations.
7 mins
September 29, 2025
The Business Guardian
Buy and sell indigenous products, necessary for Atmanirbhar Bharat: CM
“4 Bees
1 min
September 29, 2025
Listen
Translate
Change font size