He said it was one of his failures as a minister that he could not bring down road accident fatalities by much from the average of 1.
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The existing law is 30 years old and the penalty for traffic rule violators is very low, he said, adding that this does not instil fear of law. The proposed legislation will also help check corruption, he said.
Gadkari lamented that the bill has not received parliamentary nod since he first brought a related draft law in Suggestions of many state governments were incorporated and views of the parliamentary panel were also brought it but the bill could not get the nod from Rajya Sabha and lapsed. Over 30 per cent driving licences in the country are likely to be bogus, he said, adding the bill will minimise possibilities of such licences and also forged vehicle papers.
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Some suggestions in the draft legislation, submitted to finance minister Nirmala Sitharaman on 19 August, will find their way into the Income Tax Act, through amendments in the next budget session of Parliament, said a person privy to the discussions in the government. This will make the law modern and capable of dealing with new business models by incorporating global best practices without creating any uncertainty among businesses, the person said on condition of anonymity.
The idea of replacing the close to six-decade-old law is less appealing to the government now as this would involve unsettling well-established jurisprudence, which could create uncertainty for businesses that are grappling with a deep economic downturn. The finance ministry has not made public the report of the expert panel.
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While the new ideas proposed in the report may be adopted in the Income Tax Act, replacing it with a new statute for the sake of simplification was not an easy task, the person said. Besides, a lot of sub-rules, exemptions and carve-outs included in the law that have arguably made the Act complex are meant to take care of specific needs of industries and sections of people. Share via email email.
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