Ficci suggests vehicle replacement policy to check pollution

Image
Press Trust of India New Delhi
Last Updated : Dec 18 2015 | 6:02 PM IST
A vehicle replacement policy should be introduced by the Government immediately to put an end to the uncertainty surrounding the industry, Ficci today said.
Earlier this week, the Supreme Court banned registration of diesel-run SUVs and cars having engines beyond 2000 cc in Delhi and NCR from March 1, next year.
The National Green Tribunal (NGT) also recently directed that diesel-run vehicles will not be registered in Delhi with immediate effect and asked the central and state government departments not to purchase diesel vehicles.
The industry chamber called for "taking balanced and holistic measures based on authentic studies so that the interest of every stakeholder is given due weightage".
"Ficci emphasises the need for immediate introduction of vehicle replacement policy to end the uncertainty surrounding the industry and for the society", it said.
"There is a need to address the issue in a holistic manner to have any significant impact on reducing pollution levels," the chamber said.
It also advocated for fiscal incentives especially for the diesel trucks that are the greater source of pollution, as claimed by a study conducted by IIT Kanpur.
Vehicle replacement programmes are voluntary and supported by some form of policy incentives. These are usually fiscal incentives, such as direct subsidies or fees to eliminate or discourage the use of older vehicles.
They may also include other incentive policies such as restrictions on when and where high-emitting vehicles may operate.
The effective use of non-fiscal policy incentives to complement subsidies or other fiscal incentives are one of the best practices adopted by some countries, said Ficci.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 18 2015 | 6:02 PM IST

Next Story