India’s project on “Zero Road Fatalities by 2030”

Better road engineering, increased public awareness and up gradation programs

• Union Ministry for Road Transport, Highways and MSMEs has taken initiatives
  to reduce road accidents in India
• The ministry has set out with an objective of “achieving zero road fatalities by
  2030“
• Plans for trade Investment and collaborations in Road infrastructure, has
  underlined India’s initiatives to achieve Zero Road Fatalities by 2030

Salient key points of the project

• The Ministry has called for increased investment by international institutions
  and bodies in the Indian Highways and MSME sectors
• Under Indian Road, Safety Assessment Program 21000 km roads have been
  assessed and about 3000 km road length is under technological up gradation
• Better road engineering and increased public awareness has brought about
  improvement
• It is estimated, he added, that these up gradation programs will bring about 50
  per cent reduction in road accidents
• The Ministry has informed that our objective is to set out to achieve zero road
  fatalities by 2030
• Ministry has taken a lot of initiatives to reduce road accidents
• World Bank and ADB have committed Rs 7000 crore each for this campaign
• By social awareness and education, improving emergency services, pressing for
  medical insurance, providing more hospitals, etc the country is inching closer
  to achieving its Road safety targets
• The Ministry has referred to the MV Act of 2019, which is comprehensive
  legislation on all aspects of the Transport sector in India
• The government is concentrating on the village, agricultural and tribal sectors for
  providing employment opportunities there
• It emphasized that it is the MSME sector which will drive the Indian economy in
  the coming years
• The Ministry informed that investment in infra and insurance sectors has been
  opened up, as there are huge opportunities in insurance, pension and share
  economies and MSME is also going to capital market soon

What is Asian Development Bank (ADB)?

• It is a regional development bank established on 19 December 1966, which is
  headquartered in the Ortigas Center located in the city of Mandaluyong, Metro
  Manila, Philippines
• The company also maintains 31 field offices around the world to promote social
  and economic development in Asia
• The bank admits the members of the United Nations Economic and Social
  Commission for Asia and the Pacific (UNESCAP, formerly the Economic
  Commission for Asia and the Far East or ECAFE) and non-regional developed
  countries
• As of 31 December 2016, Japan holds the largest proportion of shares at
  15.677%, closely followed by United States with 15.567% capital share
• China holds 6.473%, India holds 6.359%, and Australia holds 5.812%
• The Board of Governors also elects the bank’s president, who is the chairperson
  of the Board of Directors and manages ADB. The president has a term of office
  lasting five years, and may be reelected
• Traditionally, and because Japan is one of the largest shareholders of the bank,
  the president has always been Japanese

Pic courtesy : business.standard.com