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Govt’s vehicle scrappage policy promises plenty

Close to two months after Union finance minister, Nirmala Sitharaman announced the Vehicle Scrappage policy, the government has now spelt out the broad framework of the policy. Making a suo moto statement in parliament, the Union Minister of Road Transport & Highways (MoRTH),  Nitin Gadkari, said his ministry would be introducing the Voluntary Vehicle-Fleet Modernization Program or “Vehicle Scrappage Policy”  which is aimed at creating an ecosyste...