AP awaits Rs 1.50 billion central aid to scrap old vehicles
ECONOMY & POLICY

AP awaits Rs 1.50 billion central aid to scrap old vehicles

The government of Andhra Pradesh is eagerly anticipating central financial help of almost Rs 1.50 billion to proceed with the state's destruction of outdated and polluting automobiles.

When presenting the Union Budget 2023-24 in the Lok Sabha in New Delhi, Union Finance Minister Nirmala Sitharaman stated that replacing obsolete polluting automobiles is a vital part of greening the country's economy. She promised states financial assistance for replacing obsolete automobiles. In this aspect, AP has great hopes for financial assistance from the centre.

Earlier, the union road transport and highways ministry had also come up with a national automobile scrappage policy, with the provision that states and UTs will be provided up to 25 per cent rebate on road tax for vehicles purchased after scrapping the old vehicles. There had also been a proposal to provide road tax concession of up to 25 per cent for personal and non-transport vehicles and up to 15 per cent for commercial and transport vehicles. The concession will be available for up to 15 years for non-transport and eight years for transport vehicles.

The AP transport authorities say that decommissioning outdated vehicles is entirely voluntary. They stated that they have yet to determine the number of old vehicles in the state that is suitable for scrapping based on their age from the date of their initial registration with the transport department.

However, the relocation will create jobs. Furthermore, if outdated automobiles are scrapped, the state would have less traffic pollution.

Also Read
Sitharaman urges to establish guidelines for renewable energy
India to receive largest green ammonia plant from Greenko Group

The government of Andhra Pradesh is eagerly anticipating central financial help of almost Rs 1.50 billion to proceed with the state's destruction of outdated and polluting automobiles. When presenting the Union Budget 2023-24 in the Lok Sabha in New Delhi, Union Finance Minister Nirmala Sitharaman stated that replacing obsolete polluting automobiles is a vital part of greening the country's economy. She promised states financial assistance for replacing obsolete automobiles. In this aspect, AP has great hopes for financial assistance from the centre. Earlier, the union road transport and highways ministry had also come up with a national automobile scrappage policy, with the provision that states and UTs will be provided up to 25 per cent rebate on road tax for vehicles purchased after scrapping the old vehicles. There had also been a proposal to provide road tax concession of up to 25 per cent for personal and non-transport vehicles and up to 15 per cent for commercial and transport vehicles. The concession will be available for up to 15 years for non-transport and eight years for transport vehicles. The AP transport authorities say that decommissioning outdated vehicles is entirely voluntary. They stated that they have yet to determine the number of old vehicles in the state that is suitable for scrapping based on their age from the date of their initial registration with the transport department. However, the relocation will create jobs. Furthermore, if outdated automobiles are scrapped, the state would have less traffic pollution. Also Read Sitharaman urges to establish guidelines for renewable energy India to receive largest green ammonia plant from Greenko Group

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?