StudyCloud

The National Automobile Scrappage Policy

Prime Minister Narendra Modi recently, virtually addressed the Investor Summit in Gujarat, launching the National Automobile Scrappage Policy . The scrappage policy, is a “significant milestone” towards Aatmanirbhar Bharat, he stated.

This scrappage policy will be providing a new identity to the country's auto sector. It will play a huge role in discarding unfit vehicles from roads and bring a positive change in all sectors and not just the auto sector,” Prime Minister Modi said. The central government, has taken this step as a country, in the 21st century, needs to have “clean, congestion-free and convenient mobility.”

Describing it as a “waste-to-wealth mission,” the Prime Minister further remarked that this policy will be an important part of the circular economy. “It will reduce pollution from our cities and will also reflect the government's commitment towards a rapid development. The policy will bring investments worth more than ₹10,000 crore and, in this process, will create employment opportunities for thousands of youngsters,”

In the next two days, we will celebrate our 75th Independence Day, but the next 25 years will also be very crucial as, during this period, our day-to-day lives will undergo significant changes due to technology,” the government's effort is to ensure that our development is “sustainable and environment-friendly.”

He then listed out five ways in which the scrappage policy will be beneficialand important to the common man.  A certificate will be given on scrapping of the old car, which will ensure that an individual will not have to pay registration fees while buying a new automobile. He will also get a discount in the road tax. Secondly, a person will be saving money on the maintenance cost, repair cost and fuel efficiency of the old car,” he elaborated.

The third and fourth benefits, are that it will reduce road accidents and ensure protection from the effects of pollution, “A vehicle will not be scrapped just because it is old. Fitness tests will be conducted at scrappage centres and only after that will it be scrapped, as per scientific methods,” PM Modi said, describing the final benefit.

The Investor Summit was jointly organised in Gujarat's Capital city of Gandhinagar by the Union ministry of transport and national highways and the state government. Union minister of transport Nitin Gadkari and Gujarat chief minister Vijay Rupani also spoke at the event.

National Automobile Scrappage Policy will make the auto components a little less expensive and will be  increasing competitiveness in the international market. 

Union Minister Nitin Gadkari stated  that around 99 percent of recovery of metal waste can be done with regular scrapping.And that it will bring down the cost of raw material by approx 40 percent. 

He said that it will make the components less expensive and increase competitiveness in the international market . With the increased sales of automobiles, the government will get a profit of Rs 30,000-40,000 cr in GST. 

The Minister stated that the state government will also get a profit of Rs 30,000-40,000 cr in GST.

As per an estimate, with increased sale of automobiles, Govt will be accumulating a profit of Rs 30,000-40,000 cr in GST. State Govts will also get a profit of Rs 30,000-40,000 cr in GST: Union Min Nitin Gadkari at launch of National Automobile Scrappage Policy at Investor Summit in Gujarat

 

6 Comment
  • kajalyadav@nationalenglishschool.com 2 years, 7 months

    This is very good the national automobile scrappage policy 👍👍

  • rathodbasraj4@gmail.com 2 years, 7 months

    Very good article

  • adityapadhihari8@gmail.com 2 years, 7 months

    VERY NICE

  • fspatel79@gmail.com 2 years, 7 months

    Best 👌

  • kpatils8484@gmail.com 2 years, 7 months

    Very good article

  • Vaishnaviparadkar1505@gmail.com 2 years, 7 months

    Nice 👌