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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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Old 19th February 2018, 12:25   #272
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Default Re: Proposal to ban 15 year old vehicles. EDIT: Concept paper released on page 18

Came across this news about policy to scrap 15 years old vehicles.

NEW DELHI: India will soon come out with a policy to scrap vehicles that are more than 15 years old, Union Minister Nitin Gadkari said today.

The policy aims at curbing rising vehicular pollution in the country.

"We have almost finalised the scrapping policy for vehicles with NITI Aayog," the road and transport minister said.

Vehicles completing 15 years or more would be scrapped, the minister said without giving more details.
News Source : https://auto.economictimes.indiatime...dkari/62933025

Last edited by SJM1214 : 19th February 2018 at 12:26. Reason: Typo fixed.
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