Lok Sabha passes Motor Vehicle Act to bring reforms in transport sector

New Delhi: The Lok Sabha has approved the Motor Vehicle (Amendment) Bill, 2016, which aims to bring radical reforms in transport sector. The bill is an amendment to the Motor Vehicle Act 1988, which aims for 100 per cent e-governance and has capped the maximum liability for third party insurance at Rs 10 lakh (US$ 15,493) in case of death in a motor accident. The bill also proposes a compensation of Rs 5 lakh (US$ 7,746.7) to victims of road accidents. The bill also increased the compensation in case of death by hit-and-run accidents eight times to Rs 2 lakh (US$ 3,098.7).

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