Vehicle scrapping policy will be ‘win-win’ policy to help reduce air pollution, says Gadkari
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The policy will additionally lead to a rise within the nation’s car trade turnover to Rs 10 lakh crore from the present Rs 4.5 lakh crore, stated Gadkari within the Lok Sabha
The vehicle scrapping policy will be a “win-win” policy that will finally help in enhancing gas effectivity and reduce air pollution, Union minister Nitin Gadkari stated on Thursday.
Making a press release relating to automobile scrapping policy within the Lok Sabha, the Road Transport, Highways and MSMEs Minister stated the policy will additionally lead to a rise within the nation’s car trade turnover to Rs 10 lakh crore from the present Rs 4.5 lakh crore.
Also Read | Draft rules on phasing out govt. vehicles older than 15 years issued, Ministry seeks comments
Announced within the 2021-22 Union Budget, the policy supplies for health take a look at after 20 years for private automobiles, whereas business automobiles would require it after the completion of 15 years.
Gadkari has additionally issued an advisory to automakers, advising them to present an incentive of a 5 per cent rebate for these shopping for a brand new automobile after producing a scrapping certificates.
Noting that the policy will be a “win-win” policy, the minister stated it will help enhance gas effectivity, reduce air pollution and GST revenue will additionally rise due to the acquisition of recent automobiles.
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