"We are at the final stage of drafting and the Bill is with the Legislative Department (Ministry of Law and Justice), and we hope to take it to the Cabinet by the (April) 20th," Road Secretary Vijay Chibber said today.
He added that post Cabinet approval, the Road Transport and Safety Bill will replace the existing Central Motor Vehicles Act.
"We are hopeful that it will be introduced in the second leg of the current Parliament session," Chibber said.
The proposed Bill will be in sync with practices in six advanced nations - the US, Canada, Singapore, Japan, Germany and the UK.
More From This Section
Under the new proposals, driving at excessive speed may attract a fine up to Rs 3,000. This is in sharp contrast to Rs 400 penalty under the current Act.
For repeat offences, the amount of penalty proposed will be higher and there would be demerit points leading to suspension of the licence.
The Act was amended last in 2001.
In May 2012, the Motor Vehicles (Amendment) Bill could be passed only in the Rajya Sabha, thus falling short of becoming an Act without the Lok Sabha approval.