11 states/UTs join National Single Window System
ECONOMY & POLICY

11 states/UTs join National Single Window System

In order to encourage private investment in the ecosystem for car recycling, the Ministry of Road Transport and Highways (MoRTH) announced on Wednesday that 11 states and UTs have joined the National Single Window System (NSWS) for the Voluntary Vehicle-Fleet Modernization Program (V- VMP).

The ministry further stated in a statement that as of November 14, 2022, 117 investors' applications for Registered Vehicle Scrapping Facilities (RVSF) are in the works, of which 36 have already received state government approval. According to the notification, the following states have joined NSWS for the V-VMP: Gujarat, Uttar Pradesh, Karnataka, Andhra Pradesh, Odisha, Madhya Pradesh, Rajasthan, Assam, Goa, Uttarakhand, and Chandigarh.

On April 1, 2022, the Vehicle Scrappage Policy (V-VMP) went into effect. The regulation, which was announced in the Union Budget 2021–22, stipulates that personal automobiles must undergo fitness testing after 20 years, while commercial vehicles must do so after 15 years. The statement further indicates that the swift onboarding of all other states and UTs onto the NSWS has begun.

Additionally, the state/UT government is proposing 84 automated testing stations (ATSs) in 11 different states through a Request for Proposal (RFP) after conducting the required tenders. Investor summits have been held in 16 states to highlight the key components of the V-VMP programme and to draw private investment.

"According to forecasts based on vehicle registration data from Vahan, 40–45 RVSFs must be built in India over the next two years, and 60–70 RVSFs must be built over the course of the next five years. Like that, it stated that India would need 130–150 ATS in the following two years and 450–500 ATS in the following five years.

According to the new policy, the states and Union Territories (UTs) will offer up to a 25% tax credit on road tax for automobiles that are purchased after discarding older vehicles, the Center had stated.

In order to encourage private investment in the ecosystem for car recycling, the Ministry of Road Transport and Highways (MoRTH) announced on Wednesday that 11 states and UTs have joined the National Single Window System (NSWS) for the Voluntary Vehicle-Fleet Modernization Program (V- VMP). The ministry further stated in a statement that as of November 14, 2022, 117 investors' applications for Registered Vehicle Scrapping Facilities (RVSF) are in the works, of which 36 have already received state government approval. According to the notification, the following states have joined NSWS for the V-VMP: Gujarat, Uttar Pradesh, Karnataka, Andhra Pradesh, Odisha, Madhya Pradesh, Rajasthan, Assam, Goa, Uttarakhand, and Chandigarh. On April 1, 2022, the Vehicle Scrappage Policy (V-VMP) went into effect. The regulation, which was announced in the Union Budget 2021–22, stipulates that personal automobiles must undergo fitness testing after 20 years, while commercial vehicles must do so after 15 years. The statement further indicates that the swift onboarding of all other states and UTs onto the NSWS has begun. Additionally, the state/UT government is proposing 84 automated testing stations (ATSs) in 11 different states through a Request for Proposal (RFP) after conducting the required tenders. Investor summits have been held in 16 states to highlight the key components of the V-VMP programme and to draw private investment. According to forecasts based on vehicle registration data from Vahan, 40–45 RVSFs must be built in India over the next two years, and 60–70 RVSFs must be built over the course of the next five years. Like that, it stated that India would need 130–150 ATS in the following two years and 450–500 ATS in the following five years. According to the new policy, the states and Union Territories (UTs) will offer up to a 25% tax credit on road tax for automobiles that are purchased after discarding older vehicles, the Center had stated.

Next Story
Infrastructure Urban

Cabinet Clears Rs 16 Billion Irrigation Upgrade Scheme

In a significant step towards enhancing water use efficiency in agriculture, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the Modernization of Command Area Development and Water Management (M-CADWM) as a sub-scheme of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2025–26. The scheme has received an initial outlay of Rs 16 billion. The M-CADWM aims to modernize irrigation infrastructure by facilitating pressurized underground piped irrigation systems from existing canals or other sources directly to farms up to 1 hectare. This upgrade will serve as a backen..

Next Story
Infrastructure Urban

EPFO Launches Face Authentication for Instant UAN via UMANG

In a significant digital push, the Employees’ Provident Fund Organisation (EPFO) has enabled Universal Account Number (UAN) generation and activation through Aadhaar-based Face Authentication Technology (FAT) on the UMANG mobile app. This step, under the Ministry of Labour and Employment, aims to simplify and digitise the UAN process for crores of Indian employees, ensuring real-time, error-free onboarding into the EPFO system. Digital Breakthrough for UAN Access Traditionally, UANs were generated by employers, often marred by data entry errors in names, mobile numbers, and birth dates. Th..

Next Story
Infrastructure Urban

India Launches First Panchayat Development Index

In a landmark step towards evidence-based rural development, the Ministry of Panchayati Raj has unveiled the first-ever Panchayat Advancement Index (PAI) baseline report for FY 2022-23. This tool, grounded in Sustainable Development Goals (SDGs), assesses the performance of over 2.5 lakh Gram Panchayats (GPs) across India, offering an unprecedented view of the nation's grassroots governance. The PAI maps each Panchayat’s progress across nine themes under Localized SDGs, including poverty alleviation, infrastructure, water sufficiency, child welfare, and women empowerment. With data from 2,1..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?