Speed up vehicle scrapping: Finance Minister

Nirmala Sitharaman said that enhanced capital expenditure will play a critical role in revitalising the economy post-pandemic Finance and Corporate Affairs Minister Nirmala Sitharaman has called for expediting the implementation of the vehicle scrappage policy and improving the data as well as road connectivity in hilly regions and aspirational districts of the country. At a … Read more

Scrapping business unlikely to yield returns for 3-4 years

While a few companies are already betting big on the vehicle scrapping business, it is going to be capital-intensive and would not yield returns for the next three to four years given that there is low public awareness and the policy is yet to be completely notified, experts said. The vehicle scrapping policy proposed by … Read more