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TN to impose road safety tax from Aug 1

The Tamil Nadu transport department plans to levy a road safety tax from August 1. The move is aimed at helping the government increase the solatium for accident victims and their families from the current Rs10,000 to Rs25,000.
Making the announcement , transport minister K N Nehru revealed that the tax would be Rs250 for two-wheelers, Rs1,500 for light motor vehicles and Rs2,000 for other vehicles. On an average 3,815 new vehicles get registered every day in Tamil Nadu, of which about 1,900 are in Chennai. Two-wheelers constitute around 70%.
Meanwhile, the seven state transport undertakings (STUs) plan to purchase 3,500 buses in 2009-10 with funding assistance from the Tamil Nadu Transport Development Finance Corporation and the Centre. Around 1,600 buses will be bought under the Jawaharlal Nehru National Urban Renewal Mission. The seven STUs posted a total loss of Rs710.14 crore last fiscal compared with Rs379.57 crore, a year ago.
 

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