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is eagerly anticipating central financial help of almost Rs 1.50 billion to proceed with the state's destruction of outdated and polluting automobiles.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The AP transport authorities say that decommissioning outdated vehicles is entirely voluntary.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 Furthermore, if outdated automobiles are scrapped, the state would have less traffic pollution.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is eagerly anticipating central financial help of almost Rs 1.50 billion to proceed with the state's destruction of outdated and polluting automobiles.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
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?