×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 26 January, 2021

  • 8 Min Read

Green Tax

Green Tax

  • The Union Minister for Road Transport and Highways has approved a proposal to levy a ‘green tax’ on old vehicles.
  • Personal vehicles will be charged a tax at the time of renewal of Registration Certification after 15 years.
  • The policy will come into effect from April 1, 2022.

Provisions

  • The levy may differ depending on fuel (petrol/diesel) and type of vehicle.
  • The proposal will now go to the States for consultation before it is formally notified.
  • It includes 10-25% of road tax on transport vehicles older than eight years at the time of renewal of fitness certificate.
  • The proposal on green tax also includes a steeper penalty of up to 50% of road tax for older vehicles registered in some of the highly polluted cities in the country.
  • Revenue collected from this tax will be kept in a separate account and will be used for tackling pollution, and for States to set up state-of-art facilities for emission monitoring.

Exemptions to Green Tax

  • Vehicles like strong hybrids, electric vehicles and alternate fuels like CNG, ethanol, LPG etc to be exempted;
  • Vehicles used in farming, such as tractor, harvester, tiller etc to be exempted;

Positives of Green Tax

  • It will dissuade people from using vehicles which damage the environment
  • It will motivate people to switch to newer, less polluting vehicles
  • Green tax will reduce the pollution level, and make the polluter pay for pollution.

Other proposals

  • The Ministry also approved a watered-down policy of deregistration and scrapping of vehicles, bringing only those vehicles owned by government departments and PSUs and are older than 15 years under its ambit.
  • In 2016, the Centre had floated a draft Voluntary Vehicle Fleet Modernization Programme that aimed to take 28 million decade-old vehicles off the road.

Source: PIB


National Investment and Manufacturing Zones (NIMZ)

About National Investment and Manufacturing Zones (NIMZ) The Government of India (GoI) has announced a National Manufacturing Policy, 2011, with the objective of enhancing the share of manufacturing in GDP to 25% within a decade and creating 100 million jobs. NIMZs are one of the important instruments to achieve it. As per the Policy, &ldqu

International Financial Services Center (IFSC)

What is an International Financial Services Center (IFSC)? An IFSC caters to customers outside the jurisdiction of the domestic economy.  Such centres deal with flows of finance, financial products and services across borders.  London, New York and Singapore can be counted as global financial centres.  The&n

4G Vs. 5G

4G Vs. 5G Context: This topic is important for UPSE GS Paper 3 And Prelims. Background- "G" stands for "GENERATION". While connected to the internet, the speed of the connection depends upon the signal strength that is shown in abbreviations like 2G, 3G, 4G, 5G, etc. on any mobile device. Each generation of wir

 India-U.S. Relations Overview

 India-U.S. Relations Overview Context: This topic is important for UPSE GS Paper2.  India-U.S. bilateral relations have developed into a "global strategic partnership", based on shared democratic values and increasing convergence of interests on bilateral, regional and global issues. The cooperation is based on th

G-20 analysis

G-20 analysis Context: This topic is important for UPSE GS Paper 2. The G20 summit in Rome, agreed to end international public finance for new coal power generation abroad by 2021-end and mobilise funds to support low emission power development to achieve ‘climate goals’ .Let’s understand G20 in detail. About the G20

Students Achievement

Search By Date

Newsletter Subscription
SMS Alerts