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