: Budget 2021: Finance minister announces vehicle scrapping policy to ‘phase out old, unfit’ ones #IndiaNEWS Union Finance Minister Nirmala Sitharaman on Monday said during the Budget speech for

Posted in: #Budget2021 #BudgetWithRSTV #IndiaNEWS

Budget 2021: Finance minister announces vehicle scrapping policy to ‘phase out old, unfit’ ones #IndiaNEWS
Union Finance Minister Nirmala Sitharaman on Monday said during the Budget speech for 2021-’22 that the Centre has proposed a voluntary vehicle scrapping policy in an effort to tackle air pollution. “We are separately announcing a voluntary vehicle scrapping policy, to phase out old and unfit vehicles,??? the finance minister said. “This will help in encouraging fuel-efficient, environment friendly vehicles, thereby reducing vehicular pollution and oil import bill. Vehicles would undergo fitness tests in automated fitness centres after 20 years in case of personal vehicles, and after 15 years in case of commercial vehicles.??? The finance ministry will separately share the details of the scheme, Sitharaman said. We are separately announcing a voluntary vehicle scrapping policy to face out old and unfit vehicles: FM @nsitharaman @FinMinIndia#Budget2021#BudgetWithRSTV pic.twitter.com/xHwC8SXt7B— Rajya Sabha TV (@rajyasabhatv) February 1, 2021 Follow today’s live updates on the Union Budget hereAlso read:Budget 2021: Centre proposes to increase FDI limit in insurance sector from 49% to 74%Budget 2021: Centre estimates fiscal deficit at 9.5% of GDP for current year, 6.8% for 2021-’22Last week, Union Road Transport Minister Nitin Gadkari had said that the policy to eliminate vehicles that are government-owned and those under public sector undertaking vehicles and over 15 years old would be notified and implemented from April 1, 2022....Read more

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