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Vehicle Scrapping Policy - is it as good as it sounds?

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 . ....

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Farmers should focus on biofuel to increase earning potential: Gadkari

December 10, 2020
Union Transport Minister Nitin Gadkari - PTI×
Must make ethanol from corn, sugarcane, biomass and rice husk, says Road Transport Minister
Farmers in Bihar should diversify to produce biofuel in order to increase their earning potential, said Nitin Gadkari Minister for Road Transport and Highways. He was inaugurating a national highway bridge in Bihar.
Gadkari, who is also the MSME Minister, said that making ethanol from corn, sugarcane, biomass and rice (husk) can up farmers’ income.
Pointing out that the market price of corn is almost 40 per cent lower than the Minimum Support Price, Gadkari said Bihar could focus on setting up factories and use these farm produce for making biofuels as that can complement farmers’ income. ....

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