4 months ago
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The Rajasthan Cabinet connected Tuesday approved the caller conveyance scrapping policy-2025 for phasing retired unfit and polluting vehicles from the roads and disposing them of successful a technological and harmless manner. The State Cabinet besides approved the 2nd revised outgo terms connection for the upcoming lipid refinery astatine Pachpadra.
After the Cabinet meeting, Deputy Chief Minister Prem Chand Bairwa said that the State authorities would beforehand the constitution of registered conveyance scrapping facilities and springiness discount connected the acquisition of caller vehicles. Vehicles older than 15 years volition beryllium eligible for scrapping with a integer and transparent method.
“Based connected the certificate of deposit, a discount of up to 50% and a maximum of ₹1 lakh connected the centrifugal conveyance taxation volition beryllium fixed connected the acquisition of a caller vehicle,” Mr. Bairwa said. He said the caller argumentation would assistance fortify the circular system and supply cheaper earthy materials to the automobile, steel, and manufacturing sectors.
The Deputy CM said the argumentation would see peculiar incentives to pull concern successful the registered scrapping units, including subsidies connected superior investment, exemption from State taxes, involvement subsidies, and concessions connected stamp work and energy charges.
On the Pachpadra project, Parliamentary Affairs Minister Jogaram Patel said the revised outgo of the lipid refinery would beryllium ₹79,459 crore, with the debt-equity ratio remaining astatine 2:1. The State government’s equity involvement successful the task has been fixed astatine 26%, amounting to ₹6,886 crore. Mr. Patel said the State authorities would lend an further ₹565.24 crore arsenic equity superior due to the fact that of the summation successful the cost. The lipid refinery is apt to beryllium commissioned astatine Pachpadra successful January 2026, for which Prime Minister Narendra Modi would beryllium invited, Mr. Patel said.
