Which of the following is true regarding Vehicle Scrapping Policy recently announced by the Centre?
Solution
The Government of India’s Vehicle Scrapping Policy encourages phasing out old and polluting vehicles. States have been advised to offer up to 25% road tax rebate on new personal vehicles purchased against a scrapping certificate. Vehicle manufacturers are to provide 5% discount on the ex-showroom price. The policy aims to reduce air pollution, promote fuel-efficient vehicles, and boost automobile industry demand.
Thus, the statement in option A is correct.
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