Road accidents result in 3.14% GDP loss, Rajeev Kapur calls for urgent implementation of crucial recommendations in the upcoming Union Budget 2024

Suggested measures include reducing GST on helmets from 18% to 5%, authorisation of testing facilities by institutions like IITs, QCI, and NGOs, allocating 1% of CSR funds for road safety initiatives, and nationwide enforcement of mandatory helmet usage rules.

15 Jan 2024 | 8017 Views | By Autocar Professional Bureau

In a recent report, it has been highlighted that road accidents contribute to a substantial 3.14% GDP loss in India. Rajeev Kapur, President of the Two-Wheeler Helmet Manufacturers Association and Managing Director of Steelbird Helmets, has put forth urgent recommendations for immediate implementation to mitigate this economic loss and improve ...

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