Nitin Gadkari Union Minister for
Road Transport & Highways
International Road Federation, Global Body working for better and safer roads world wide in a letter has urged the Union Finance and Corporate Affairs Minister Arun Jaitley to extend 100 per cent income tax exemption for industry , corporate houses, NGO’s, individuals and media investing in the road safety programmes approved by the government under 80 GGA of the Income Tax Act, instead of current 50 per cent under section 80G .
Earlier last year Union Minister for Road Transport & Highways Nitin Gadkari had also written a letter to Union Finance Minister demanding 100 % IT Exemption on Road Safety programmes to involve corporates.
“During the year about 1.38 lakh people were killed in around Five lakh road accidents reported, resulting in economic losses to thetune of 2-3 % of the GDP, apart from social trauma”said Mr Gadkari in his letter.
K.K. Kapila, Chairman,
Internatioal Road FEderation
“IRF has also urged the Union Finance Minister to include Road safety in the Corporate Social Responsibility (CSR) provisions in the recently revised Companies’ Bill specifies CSR activities that can be carried out under distinct heads. Road Safety, despite its potential of being more dangerous than a deadly disease such as cancer, is still not being accorded the priority it deserves. This may kindly be included as one of approved activities under CSR.” Said Mr Kapila