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