Scrappage Policy Current Affairs, GK & News

Scrappage Policy

Scrappage policy is to be implemented from April 1, 2021. It received approval from the Ministry of Road Transport and Highways on 25th January 2021. The policy directs vehicles older than 15 years belonging to the central and state governments to be scrapped. This is expected to revive demand in the automobile sector. The scrappage ..

Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility) Rules, 2021

Ministry of road transport and highways announced the detailed procedure of setting “Registered Vehicle Scrapping Facility (RVSF)” under the “vehicle scrapping policy”. Vehicle Scrapping Policy Vehicle Scrapping Policy was launched in August 2021 by prime minister Narendra Modi last month. It was announced by Union finance minister Nirmala Sitharaman in Budget 2021. About the rules ..

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New Vehicle Scrapping Policy- Highlights

The Union Minister of Road Transport and Highways, Nitin Gadkari, has introduced the Vehicle Scrapping Policy on March 18, 2021 in the Lok Sabha which will come into effect from April 1, 2021. It was first announced by Finance minister Nirmala Sitharaman in her Union Budget Speech 2021-2022 on February 1, 2021. Highlights The Union Minister for ..

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Budget 2021: Voluntary Vehicle Scrappage Policy proposed

The Finance minister of India, Nirmala Sitharaman, have proposed for the “Voluntary Vehicle Scrappage Policy”. This proposal was made during the presentation of the Union Budget for Financial Year 2022. The voluntary vehicle scrappage policy will help to scrap out the unfit and pollution-causing vehicles. Highlights The new policy will help in encouraging the fuel-efficient and environment-friendly ..

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