Finance Minister Nirmala Sitharaman on Monday announced the voluntary vehicle scrapping policy, to phase out old vehicles. In addition, the finance minister also announced fitness tests for personal vehicles after 20 years. She said this will promote fuel-efficient and environment-friendly vehicles while cutting on India's huge import bills. Earlier Union Road Transport Minister Nitin Gadkari had said last week that the policy to scrap more than 15-year-old vehicles owned by the government departments and PSUs is likely to be notified soon and will be implemented from April 1, 2022.from IndiaTV Business: Google News Feed https://ift.tt/2MpTPaF
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