Adequate funds have been allocated to scrap old vehicles owned by govt: FM

New Delhi: Finance minister Nirmala Sitharaman on Wednesday said that she has allocated adequate funds to scrap old vehicles owned by central government, and states will also be supported in replacing old vehicles and ambulances. Presenting the Budget for 2023-24, she said that replacing old polluting vehicles is an important part of greening the economy.

9 lakh vehicles to go off road from Apr 1: Gadkari

Recently, Union minister Nitin Gadkari had said more than nine lakh vehicles, owned by central and state governments, transport corporations and public sector undertakings, that are older than 15 years will go off the road from April 1 and new vehicles will replace them.

Fiscal deficit to be brought down to below 4.5% by 2025-26: FM

According to a recent notification by the road transport and highways ministry, from April 1, all vehicles owned by central and state governments, including buses owned by transport corporations and public sector undertakings, that are older than 15 years will be de-registered and scrapped.

The rule shall not apply to the special purpose vehicles (armoured and other specialised vehicles) used for operational purposes for the defence of the country and for the maintenance of law and order and internal security, the notification had said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)