New Delhi: An all-party meeting of Rajya Sabha will be held today to discuss the fate of new Motor Vehicles Bill, intended at bringing radical reforms in the transport sector.

The meeting of leaders of political parties in the Rajya Sabha will take place in the chamber of Rajya Sabha Chairman Hamid Ansari.The Motor Vehicle (Amendment) Bill, 2017 seeks to amend nearly 30-year old Motor Vehicle Act, 1988.

The bill was passed by the Lok Sabha last year but got stuck in the Rajya Sabha where the Opposition members demanded that it be sent to the Select Committee of the House for proper scrutiny.

At today's meeting, Road Transport and Highways Minister Nitin Gadkari is expected to allay apprehensions regarding various provisions of the bill.

The bill aims at brining radical reforms in the transport sector like heftier fines for traffic rules violations, improve licensing system and check bogus licenses.

Kurien said, "There were lot of objections and Opposition to some of the clauses of Motor Vehicle Bill. I myself suggested to LoP (Leader of Opposition) that he may discuss with Minister that he can accommodate some of the views. Later I understand that the Minister (Gadkari) himself was ready to accommodate." 

The bill is aimed at ushering in multi-fold hike in fine for traffic violations, compensation of Rs 5 lakh for grave injuries, and check bogus licenses and vehicle thefts.