Road accidents killed 17 people every hour in India in 2016. Don't you think something must be done to prevent the loss of precious life? The Motor Vehicle Act 2017, which is coming up in the Rajya Sabha in the Winter Session of Parliament, aims to do just that. At 1.46 Lakhs a year, India has the highest road fatalities in the World. PM Narendra Modi believes the Motor Vehicle Act will reduce these fatalities.
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The Motor Vehicle Act (Amendment) Bill 2017, proposes to impose a hefty fine on auto Companies which manufacture faulty vehicles. Statutory guidelines will be imposed on cab aggregators. Penalties for traffic rule violations would increase.
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A study conducted by UN says that India's GDP takes a 3% hit every year because of road accidents. India loses $58 Billion annually due to road accidents. The motor vehicle act (amendment) bill 2017, aims to protect the youth of India and the wealth of the country. Be Wise, Get Rich.
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