Vehicle Scrappage Policy - Is it as good as it sounds?
Bob Rupani Updated: February 22, 2021, 09:59 AM IST
In her budget speech on 1
st February, the Finance Minister Nirmala Sitharaman announced that a Voluntary Scrappage Policy will soon be introduced. Apparently, those who scrap their old vehicles and buy new ones will get some incentives and Nitin Gadkari Minister for Road Transport and Highways, is giving the finishing touches to this long awaited policy. Gadkari has said, This policy will boost buying of new vehicles besides generating huge employment. Automobile industry turnover which is 4.5 lakh crore at present is likely to swell to Rs 10 lakh crore in years to come with India becoming an automobile hub .
Ministerial panel to decide on number of CPSEs to be retained in each strategic sector: DIPAM Secretary
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Ministerial panel to decide on number of CPSEs to be retained in each strategic sector: DIPAM SecretaryPTI
Last Updated: Feb 03, 2021, 04:59 PM IST
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Synopsis
For the current fiscal, the revised target has been set at Rs 32,000 crore, lower than Rs 2.10 lakh crore set in the previous Budget. The COVID-19 pandemic has impacted the government s CPSE stake sale programme in the ongoing fiscal.
The Central Public Sector Enterprises (CPSEs) in other sectors would be privatised.
New Delhi: A panel of Ministers, comprising Finance Minister Nirmala Sitharaman and Road Transport Minister Nitin Gadkari, will take the final call on the number of public sector companies that will be retained in each of the strategic sectors, DIPAM Secretary Tuhin Kanta Pandey said. The government in the Budget unveiled the Disinvestment/Strategic Disinvestment Policy and identified four se
FM-led ministeral panel to finalise number of CPSEs in strategic sectors
The strategic sectors have been classified in four broad baskets national security, critical infrastructure, energy and minerals and financial services, said DIPAM Secretary Tuhin Kanta Pandey
PTI | February 3, 2021 | Updated 18:55 IST
Finance Minister Nirmala Sitharaman
A panel of Ministers, comprising Finance Minister Nirmala Sitharaman and Road Transport Minister Nitin Gadkari, will take the final call on the number of public sector companies that will be retained in each of the strategic sectors, DIPAM Secretary Tuhin Kanta Pandey said. The government in the Budget unveiled the Disinvestment/Strategic Disinvestment Policy and identified four sectors Atomic energy, Space and Defence; Transport and Telecommunications; Power, Petroleum, Coal and other minerals; and Banking, Insurance and financial services as strategic sectors, where bare minimum CPSEs would be retained.
Why BSE auto index has gained 2,000 points post FM Sitharaman s Budget speech
BSE Auto index closed 909 points or 3.95% higher at 23,968. In two sessions, the index has gained 1,798 points on a closing basis
Aseem Thapliyal | February 2, 2021 | Updated 16:30 IST
BSE auto index has gained up to 1,954 points in two sessions
Auto stocks extended gains for the second consecutive session today after FM Nirmala Sitharaman announced a voluntary vehicle scrappage policy to phase out old vehicles in her third budget speech.
BSE auto index rose up to 1,021 points to 24,079 against previous close of 23,058. The index has gained up to 1,954 points in two sessions. On February 1, the index closed at 23,103 against previous close of 22,170.
Presenting her third budget in Parliament, FM Sitharaman stated that under the voluntary vehicle scrapping policy, personal vehicles would undergo a fitness test after 20 years, whereas commercial vehicles would need to take it after completing 15 years