The Motor Vehicles (Amendment) Bill, 2017 and the State Banks (Repeal and Amendment) Bill, 2017 are scheduled to be taken up for discussion and passing in the Rajya Sabha today. The Motor Vehicles (Amendment) Bill was passed by the Lok Sabha in April last year.
The bill proposes significant changes in the Motor Vehicles Act of 1988. It proposes high penalties for various traffic offences, three-year jail for parents of minors drivers causing fatal accidents and a tenfold increase in compensation for families of accident victims. The bill also makes Aadhaar mandatory for getting a driving licence and vehicle registration.
In the Lok Sabha, the Payment of Gratuity (Amendment) Bill, 2017 and the Specific Relief (Amendment) Bill, 2017 are listed for consideration and passing. Payment of Gratuity Amendment Bill seeks to amend the Payment of Gratuity Act, 1972.
The Bill will make formal sector workers eligible for tax-free 20 lakh rupees gratuity. At present formal sector workers with five or more years of service are eligible for 10 lakh rupees tax-free.