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Scientists urged to take up farmer-oriented research New IT products of Ramco in the pipeline… TN – agglomerate land holdings without alienating ownership Tatas moving out of urea production... TGS- The king storyteller L&T: focus on infrastructure and more infrastructure… Maximising the micro pricing … Funding the un-funded Liberal imports idling indigenous capacities Naidu will soon build a new Hyderabad A welcome initiative by the judiciary Alexa – Talking Wikipedia West Bengal: mindless malignancy Increasing non co-operation of state leaders TN-leverage strength of BHEL, NLC... Sweeter prospects for sugar EVM is tamper-proof A yen for wastage… S Ramanathan – a versatile musician, musicologist Of course, Gujarat is vibrant Fortune for Indian Airlines Inflation: are we emulating Argentina and Brazil? How Air-India loses customs... Welcome changes that testify to Jayalalithaa’s return to health Delhi is distant… IAS invades NDDB... Measuring roof tops in terms of KW/MW Delhi is distant Align crops to agro climate endowments… Convulsions in The Hindu Sri Lanka votes for change Recognition to role of NBFCs.... SoA @ 80 Insurance companies bleeding, yet no decision on increasing FDI limit! A C Muthiah – his munificent bequeaths to science Tatas moving out of urea production... WTO Meet: resolved to meet again London, London Narayan Gas is the way forward A more liberated TN… The brown list of Venkitaramanan Readers' Mail Waning interest in public discussions… Towards speedy justice ONGC at KG Basin Tribute – Manikam Ramaswami Vibrant Gujarat Bihar elections - the Rajaji formula worked Poor quality of university VCs Editor's Notes Noble nonagenarians... He continues the focus on social amelioration PPP mode for upgrading Corporation Hospitals Dr C Rangarajan returns to Chennai Preserving for the future Wise Presidents Modi storms Silicon Valley An informal presentation - analytical, forward locking... Parliament in paralysis... Put expensive assets created to use... No engine for this car No mega rail project for Tamil Nadu Cement prices continue to rise… Excel Generators provide the vital back-up Streamlining mandatory third party cover The star of Spencers is no more Padma Bhushan for A Ramakrishna The Jan Dhan bonanza Rs.1600 crore paper board plant of TNPL An enemy’s enemy is a friend Welcome GST Solar, solar everywhere … Mersal magnified F C Kohli - his concerns all embracing TN accounts for the largest recruits by the IT sector Tribute Engineering seats go abegging GNS - 100: our first subscriber Limit foreign borrowings to hi-tech, export potential projects... Welcome thrust on trade in Modi’s foreign visits... Air Asia India will set new benchmarks for budget travel Poor representation for Kerala and TN in Cabinet Delhi Chalo... Editor's Says Odisha: spectacular win by Naveen Patnaik Haul over the coal Lesson from Chandrababu Naidu Secularism and anti-Hinduism Multi-faceted Venkat A glass full of corruption When Ratan Tata visited SRM B H Kothari - a tribute The few handicaps... Making ‘my Amaravati’... Should we change the official year? When small is no larger beautiful.. Cleaning Ganga – relocate tanneries and install electric crematoria When online building permits work…. Kulandai was a giant Moily’s bold thrust L&T- the specialty of special purpose vehicles Which side are you, Montek? Lalu’s envy, India’s pride Rahman at CIC Whistle-Stop Tour of Raghuram Rajan …and of a popular trade leader CSR and CMI: promise of another Srinivasan Ramanujan... The rise and rise of KCP Five star activism stalls development activity Godspeed, Chief Minister JJ Banning booze... Shanti and Sadhana through Music Shaming of Tamils by Tamil farmers at Delhi A Grand Finale for SN’s MS centenary at the US… A Grand Finale for SN’s MS centenary at the US… The rise and fall of Annamalai University Quality silica from Neyveli Kinetic Karnataka Adharma of opposition politics Revive development banks... Adapt Vajpayee dinner diplomacy S V Raju – a ‘good’ true liberal Fortune 500 review Mu Sigma – is no more Russi Mody – a tribute IPL type auction for VCs? Strengthen the base... Make standards certification mandatory... Intellectual of rare qualities Tough task taking states together Where is Rajaji? An inexplicable neglect Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Building loyalty through the stomach There was flood of milk. Reason: no milk commissioner! Reliance’s TV – 18 ready to launch Tamil News Channel A friendly business group Don’t seem to feel the pulse… Permanent secretariat for TN GIM Things happen by accident and not by design... More heat than light A proud Madrasi TIAM turns a full cycle The ‘Jayanthi Tax.’ Welcome focus on core competence Tihar, Puzhal not different from Parappana Agrahara Airlines in India: cost and space R Sridhar steps down as CEO of Shriram Capital Return to king coal for urea... Tribute – UCAL Selvan… He saved millions from starvation... Where a state respects its litterateurs… Breaththrough in malaria control CII projects higher growth… Auto components surge… Delhi returns to BJP Come elections, come advertisements... Another Indian music maestro at the UN Sweet news for TN sugar mills Cutting the nose to spite the face Bihar – Nitish Kumar adopts the Lalu model Demise of a media baron... Protest masters... Wanted: a second airport for Chennai A professional at the helm of IRDA... More tributes to GR Infrastructure funding – lessons learnt A think tank for Chennai Pharma – overdose of copying Revving up the manufacturing sector The sea- saw battle continues... Shipping woes of Chennai companies Contrarian cousins Naidu’s return augurs well for Seemandhra Gay abandon in pricing Quality education through the PPP mode Why land prices zoom in TN? Robber barons everywhere The balancing act Medical costs hit the roof... Roaring Ro-Ro facility Marketing expert Balagopal is no more When the President was rendered homeless… More Shakthi to Das’ elbow Focus on quality of power - its only around 170-180V Shale gas and its shallow future Not just in-laws (and outlaws); they’ve renowned academics at the helm! The ‘Ayyo-yes’ is no more CIPET hqrs to stay at Guindy – for the present? Solar thermal shines… EEC at the National Media Centre For whom the bell tolls? The Swadeshi Trump Polls and promises All eyes on Sankara Nethralaya Why this malaise in medical education? This scant respect for Law Computation of GDP – conundrums continue to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Land reclamation from sea appears cheaper! Boy, can you beat these? Fall in crude prices help in oil sector reform The power-full Hindujas Tribute – M V Murugappan Diamond jubilee of Egmore Samskrt School Build close rapport with business leaders No Maha Koottani in TN... The Gulf aviation boom Remembering Indira Sivasailam... China invests in India Colour-Chem’s colourful KRVS Modi and the lady The nuclear option Valli, they are more marginalised Tax agriculture The Ports’ Pasha expands into Tamil Nadu Discoms deserve better… MHC should not return to its old indisciplined ways When nations steal growth from one another… GM Technology at last! The why of tax incentives CRS, a jewel among managers, is no more. Fuel for thought Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated PC’s preference for professionals Like Hinduism: many paths to reach God... Road development slows down TELANGANA at last…BUT Plummeting profits of PSBs A rich pool of talent not utilised…. IPL - no surprise this scam Kudos to NDTV... Silver Years of Madras Musings Music happens When TN politicians can emulate Kerala's More Shakti to resource mobilisation... Eternal support for capitalisation of PS banks For whom the MIDS bell tolls? Paytm karo... Online not in line with brick and mortar businesses... Muffled voices for merit… Small units prefers to remain small... Telangana in top gear… Nuclear power at the nucleus
 
Streamlining mandatory third party cover

Even as I commend Nitin Gadkari for his initiative to streamline the issue of driving licences, I suggest his looking into a related area: the gross violation and indifference of owners of motor vehicles to take the mandatory insurance policies for third party cover. The violation extends to over 70 per cent in the case of two-wheelers and 50 per cent for cars and commercial vehicles.

This arises from two factors: one, the task of detecting such violations is with the state government through their RTOs and police departments. These have not been able to cope with the enormous increase in work, attending to the various aspects of administering and regulating road transport. Secondly, they have not had their records automated. Earlier, it was possible to attend to this at the time of payment of annual road taxes. But when the state governments changed this to collect road taxes on life time basis of ten years, enforcing of third party cover could not be made annually.

Insurance companies do have such records at least in regard to new vehicles sold over the last decade or so when the IT sector has evolved. But these have also been disparate companies not working in any coordinated manner. IRDA has been focusing on data collection in recent years.

The problem, however, relates to the coordination between the Centre and the states. Working in unison will help keep track of non-renewal of third party insurance policies.

A recent effort is to increase the duration of third party insurance to three years for two-wheelers. Doing this for cars and commercial vehicles is resisted on grounds of the higher sums involved. But if a substantially large volume of vehicles could be brought under mandatory third party insurance, there is scope for reducing the premium substantially. Such a system will also help insurance companies to reduce the humongous losses they have been suffering on motor vehicle insurance. For years, general insurance companies have been bleeding on account of the losses suffered on motor vehicle portfolio, despite the regular increase in tariff.

A solution can be found in permitting large private companies involved in the automobile sector to join hands with the government. In this, insurance companies and IT companies could be involved. The PPP mode can help attend to this issue of considerable importance in quick time. Nitin Gadkari, who has breathed fresh air in regard to the issue of driving licences and who has suggested the closing down of the inefficient RTOs, should focus on this area as well.

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