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Old 28th September 2016, 18:12   #271
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Default Re: Proposal to ban 15 year old vehicles. EDIT: Concept paper released on page 18

Some recent updates to the V-VMP. At the outset, it looks more like they are trying to only cover the commercial vehicles

Some excepts from the article

"The state governments would play a key role in the decision and for that meetings need to be convened. He (Jaitley) also suggested that the scheme should be made compulsory instead of voluntary,” the official said, requesting anonymity.

Now, we are going to rework the programme and divide it into two phases.

But the finance minister agreed that there has to be some kind of incentive to promote the scheme

As per our estimates, if both the state and the central government give incentives and say the heavy vehicle cost is around Rs.15 lakh, the discount would be around Rs.1-2 lakh for the vehicle buyer. If the first phase is successful, then we will roll out the next phase
Link to the article

Last edited by vinit.merchant : 28th September 2016 at 18:13.
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