Government to give money on selling old and decaying vehicles!
Tuesday - August 27, 2019 4:26 pm ,
Category : WTN SPECIAL
Modi Government's planning to reduce steel scrap imports
Guidelines to soon be made for steel scrap policy, benefits in selling old vehicles!
AUG 27 (WTN) - If we tell you that if you sell your 10 year old vehicle or you sell your new car in decaying condition, then you will get money on buying a new car then you must be thinking that after reading all, who is doing this and why? What is the whole matter? Let us give you complete information about this. In fact, the Modi Government is preparing to bring a scrap policy for 10-year-old vehicles to reduce air pollution and reduce steel scrap imports in the country. In the scrap policy, not only the sale of old vehicles but also the sale of new decaying vehicles can be benefited.
That is, it is being said that the benefit of scrap policy will now also be given to those new vehicles which have been decayed. In fact, the scale policy of the vehicle will also be included in the scrape policy and it will not only include the age of the vehicles. In the new policy, vehicles that have been dilapidated in a short time will also get the benefit.
According to the information received from the media, a rebate of up to Rs 50,000 is proposed on a 10-year-old vehicle in the scrap policy. If the commercial vehicle is more than 10 years old, then it can get a rebate of up to Rs 50,000. At the same time, it is proposed to give a discount of up to 20,000 rupees on selling 10 year old passenger car. The policy can give a rebate of up to Rs 5,000 for selling a 7-year-old two-wheeler and a three-wheeler, but this rebate can be available only on the purchase of new vehicles. At the same time, there can be a change in the offer of cash rebate in the policy.
According to information received from the media, a committee of secretaries will be formed to finalize the final guidelines related to the scrap policy. The committee will include officials from the Ministry of Road Transport, Ministry of Steel and Environment and Ministry of Heavy Industries. Scrappage center will be built at many places in the country for the sale of old vehicles. According to the information, the Government will give incentives to build a scrappage center. Scrappage can be attributed to MSTC, a steel sector government company.
In fact, the Modi Government is doing all this under the steel scrap policy, in which the Government intends to reduce the import of steel scrap and increase its domestic consumption. The Government is planning how to reduce steel scrap imports and at the same time increase its domestic consumption.
For your information, let you know that to reduce the import of steel scrap, it is necessary to adopt a scrap policy in the country. For this, the Government initially plans to open two to three steel scrap plants. For your information, let you know that about 60 lakh tones of steel scrap is imported in the country every year, while there is demand of about 83 lakh tones of scrap in the country annually.
The Modi Government's plan is to encourage the consumption of steel in the country. For this its consumption plan is planned in other sectors including housing sector. For this, many plans are under discussion including building steel houses. But some states have objections to the Central Government's scrap policy. In the states where there is a possibility of getting more scrap, they have objected that the structure of the companies should be increased and scrap based steel plants should be opened in their state.
AUG 27 (WTN) - If we tell you that if you sell your 10 year old vehicle or you sell your new car in decaying condition, then you will get money on buying a new car then you must be thinking that after reading all, who is doing this and why? What is the whole matter? Let us give you complete information about this. In fact, the Modi Government is preparing to bring a scrap policy for 10-year-old vehicles to reduce air pollution and reduce steel scrap imports in the country. In the scrap policy, not only the sale of old vehicles but also the sale of new decaying vehicles can be benefited.
That is, it is being said that the benefit of scrap policy will now also be given to those new vehicles which have been decayed. In fact, the scale policy of the vehicle will also be included in the scrape policy and it will not only include the age of the vehicles. In the new policy, vehicles that have been dilapidated in a short time will also get the benefit.
According to the information received from the media, a rebate of up to Rs 50,000 is proposed on a 10-year-old vehicle in the scrap policy. If the commercial vehicle is more than 10 years old, then it can get a rebate of up to Rs 50,000. At the same time, it is proposed to give a discount of up to 20,000 rupees on selling 10 year old passenger car. The policy can give a rebate of up to Rs 5,000 for selling a 7-year-old two-wheeler and a three-wheeler, but this rebate can be available only on the purchase of new vehicles. At the same time, there can be a change in the offer of cash rebate in the policy.
According to information received from the media, a committee of secretaries will be formed to finalize the final guidelines related to the scrap policy. The committee will include officials from the Ministry of Road Transport, Ministry of Steel and Environment and Ministry of Heavy Industries. Scrappage center will be built at many places in the country for the sale of old vehicles. According to the information, the Government will give incentives to build a scrappage center. Scrappage can be attributed to MSTC, a steel sector government company.
In fact, the Modi Government is doing all this under the steel scrap policy, in which the Government intends to reduce the import of steel scrap and increase its domestic consumption. The Government is planning how to reduce steel scrap imports and at the same time increase its domestic consumption.
For your information, let you know that to reduce the import of steel scrap, it is necessary to adopt a scrap policy in the country. For this, the Government initially plans to open two to three steel scrap plants. For your information, let you know that about 60 lakh tones of steel scrap is imported in the country every year, while there is demand of about 83 lakh tones of scrap in the country annually.
The Modi Government's plan is to encourage the consumption of steel in the country. For this its consumption plan is planned in other sectors including housing sector. For this, many plans are under discussion including building steel houses. But some states have objections to the Central Government's scrap policy. In the states where there is a possibility of getting more scrap, they have objected that the structure of the companies should be increased and scrap based steel plants should be opened in their state.
