Transport ministry's proposal to scrap vehicles sold before March 2005 comes to a halt

Recently, the road transport ministry submitted a Voluntary Vehicle Fleet Modernisation (V-VMP) concept which proposed to get around 28 million vehicles registered before March 31, 2005 and below BS IV standards, off the road. However, the plan has come to a halt as the revenue department has turned down its proposal to offer an excise rebate to the owners who voluntarily surrender their old vehicles.

Under this concept, the ministry had proposed a discount on excise of up to 50 per cent while buying a new car (depending on the category of...

Updated Date: Jul 07, 2016 15:26 PM

Also Watch

Rethinking pornography: Cyber Sexy author Richa Kaul Padte makes the case for decriminalising porn in India
  • Friday, July 27, 2018 First Day First Showsha — Reviewing Tom Cruise's Mission: Impossible - Fallout in 10 questions
  • Friday, July 27, 2018 It's a Wrap: Karwaan stars Dulquer Salmaan, Mithila Palkar in conversation with Parul Sharma
  • Friday, July 27, 2018 3 alternatives to WhatsApp | What The App
  • Friday, July 27, 2018 Manika Batra interview: Table Tennis star looks back at Commonwealth Games 2018 success, reveals her diet plan and more

Also See