Junk inefficiency (The Hindu, GS-3)

22 Mar Junk inefficiency (The Hindu, GS-3)

• Vehicle scrappage policy:
  • fitness certificate after 15 years in case of failure,  increased fees for fitness certificate 
    • fitness test may be applicable for commercial vehicles 15 year onwards from the date of initial registration.
  • It is proposed that Private Vehicles be de-registered
    • after 20 years if found unfit or in case of a failure to renew registration certificate.
  • all vehicles of the Central Government, State Government, Municipal Corporation, Panchayats, State Transport Undertakings, Public Sector Undertakings and autonomous bodies with the Union and State Governments may be de-registered and scrapped after 15 years from the date of registration.

Some of these incentives include:

Scrap Value for the old vehicle given by the scrapping centre

• which is approximately 4-6% of ex-showroom price of a new vehicle.

The state governments may be advised to offer a road- tax rebate

•  up to 25% for personal vehicles 
• up to 15% for commercial vehicles

The vehicle manufacturers are also advised to provide a discount of 5% on purchase of new vehicles against the scrapping certificate.

 the registration fees may also be waived for purchase of a new vehicle against the scrapping certificate. 

Why it is important:

• It will improve the environment.
• Providing the Jobs.
• New technology advancements.
• Help in advancement in Electronic Vehicle

     Download Daily Current Affairs of 22nd March 2021

Swarn Singh

Plutus IAS Current Affair Team Member