The transport ministry has issued draft guidelines for setting up authorised vehicle scrapping facilities, a move that will help legalise the industry in India. The guidelines posted on the ministry's website have been issued for 'protection of the environment and promotion of a legally compliant vehicle dismantling and scrapping industry.' But what does these proposed norms mean for the auto industry and vehicle owners? ET's Nehal Chaliawala has more.
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Watch What India's proposed scrappage policy mean for auto industry, vehicle owners | Economic Times With HD Quality.
The transport ministry has issued draft guidelines for setting up authorised vehicle scrapping facilities, a move that will help legalise the industry in India. The guidelines posted on the ministry's website have been issued for 'protection of the environment and promotion of a legally compliant vehicle dismantling and scrapping industry.' But what does these proposed norms mean for the auto industry and vehicle owners? ET's Nehal Chaliawala has more.
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Watch What India's proposed scrappage policy mean for auto industry, vehicle owners | Economic Times With HD Quality
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Union Minister Nitin Gadkari on Thursday said the vehicle scrappage policy will be a 'win-win' situation and will help improve fuel efficiency and reduce pollution. Making a statement in the Lok Sabha, Gadkari said the policy will also lead to an increase in the country's automobile industry turnover to Rs 10 lakh crore from the current Rs 4.5 lakh crore and will also result in increase of about Rs 40,000 crore in GST. The minister said a rebate of about 5 per cent would be offered to buyers on new car purchases in lieu of scrapping of the old. Watch now. (Text: PTI)
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Nitin Gadkari details vehicle scrappage policy; about 5% rebate on new car purchase | Economic Times
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Prime Minister Narendra Modi launches vehicle scrappage policy
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PM Narendra Modi ने Gujarat Investor Summit को किया संबोधित, launches vehicle scrappage policy
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Haryana में जल्द लागू होगी Vehicle Scrappage Policy, ये गाड़ियां हो जाएंगी कबाड़ | We News
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When Finance Minister Nirmala Sitharaman last Friday announced the merger of 10 banks into 4, she was translating into action a tiered banking blueprint suggested in 1991 by Maidavolu Narasimham, who holds the distinction of being the only RBI cadre official to have headed the regulator. As chair of the 1991 Committee on the Financial System – he also led the 1998 Committee of Banking Sector Reforms – Narasimham had argued in favour of three-four mega banks at the top of the pyramid, supported by a wider base of last-mile financiers. Tune in as ET's Saloni Shukla brings you a lowdown of the key takeaways of Modi government's PSB merger drive and shares insight on what does the move mean for the banking industry and the economy going forward. (Text: ET Bureau)
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Watch Govt's mega PSB merger drive: What does this mean for banking industry | Economic Times With HD Quality
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Goa Bus Operators Protests Against Government's 15-Year Scrappage Policy
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PM Shri Narendra Modi's speech at launch of National Automobile Scrappage Policy.
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PM Shri Narendra Modi's speech at launch of National Automobile Scrappage Policy.
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The new scrapping policy is an important link in circular economy & in 'Waste to Wealth' campaign.
Reuse, recycle & recovery will promote the country's self-reliance in auto & metal sector. It will bring investment worth over Rs 10,000 crore and create jobs.
- PM Shri Narendra Modi
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National Automobile Scrappage Policy set to bring investment worth Rs 10,000 crore.
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