The vehicle scrapping policy will be announced after an adjustment by the ministries concerned: Sitharaman

NEW DELHI: A policy for scrapping old vehicles is underway and will be announced after the ministries concerned refine it, finance minister Nirmala Sitharaman said Saturday.

The highly anticipated is awaiting final authorization from the Union Cabinet and would focus on eliminating the fleet of old polluting trips on the country's roads.

The scrapping policy is in process ... I would wait for the ministries concerned to also refine everything and tie up the loose ends and then reach a stage where the ministry can announce it, Sitharaman said in an interaction with the media after presenting the Budget 2020-21.

Many things depend on how mature they are and how appropriate it is for me to use it in the budget, but that does not mean that I have not announced it in the budget, there is no work in that area, he added.

Live plus The proposed policy, once approved, will be applicable to all vehicles, including two and three wheel vehicles.

Previously, the policy was sent for a new round of stakeholder consultations on the direction of the PMO.

The road and highway transport minister, Nitin Gadakri, had previously said that once the policy is approved, India could emerge as a center for the key raw material available from scrapping such as steel, aluminum and plastic it will be recycled, lowering car prices by 20 -30 percent.

El 26 de julio de 2019, el gobierno propuso enmiendas para permitir el desguace de vehículos de plus de 15 años en un intento por estimular la adopción de vehículos eléctricos.

En un borrador de notificación, el gobierno propuso la renovación de certificados de aptitud para vehículos de plus de 15 años cada seis meses en lugar del plazo actual de un año.

The notification also stipulates that newly purchased motor vehicles will be exempt from paying the fees for the registration certificate and the assignment of a new registration mark, if the buyer submits a scrapping certificate of the second-hand vehicle of the same category Issued by the authorized scrap center/agency.

In May 2016, the government had submitted a draft of the Voluntary Vehicle Fleet Modernization Program (V-VMP) that proposed to take 28 million vehicles off the road a decade ago.

A secretaries committee (CoS) recommended that the ministry redesign the scheme for greater participation of the states with partial support from the Center.

El CdS había sugerido que el esquema podría encajar en un enfoque regulatorio calibrado y escalonado para limitar la vida útil de los vehículos junto con una implementación plus estricta de las normas de emisión y, en consecuencia, un documento de consulta revisado obtuvo en principio una aprobación del PMO.