May 12, 2021

Nitin Gadkari particulars car scrappage coverage; about 5% rebate on new automobile buy – The Financial Instances Video

Union Minister Nitin Gadkari on Thursday mentioned the car scrappage coverage will likely be a ‘win-win’ state of affairs and can assist enhance gas effectivity and cut back air pollution. Making an announcement within the Lok Sabha, Gadkari mentioned the coverage can even result in a rise within the nation’s car trade turnover to Rs 10 lakh crore from the present Rs 4.5 lakh crore and also will lead to enhance of about Rs 40,000 crore in GST. The minister mentioned a rebate of about 5 per cent could be provided to patrons on new automobile purchases in lieu of scrapping of the outdated. Watch now. (Textual content: PTI)