{"id":14141,"date":"2024-06-14T15:54:45","date_gmt":"2024-06-14T15:54:45","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=14141"},"modified":"2024-06-14T15:54:45","modified_gmt":"2024-06-14T15:54:45","slug":"punjab-implements-vehicle-scrapping-policy-offers-tax-rebate-up-to-25-on-new-vehicles","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/punjab-implements-vehicle-scrapping-policy-offers-tax-rebate-up-to-25-on-new-vehicles\/","title":{"rendered":"Punjab implements vehicle scrapping policy; Offers tax rebate up to 25% on new vehicles"},"content":{"rendered":"<p>Implementing the Union Ministry of Road Transport and Highways scrapping policy, Punjab Cabinet on Friday decided to provide a tax rebate up to 25 percent to the owners of scrapped automobiles on the registration of new vehicles.<\/p>\n<p>As per the policy, the owners of transport vehicles will be eligible for a motor vehicle tax rebate of up to 15 per cent, while the owners of non-transport vehicles can avail a rebate up to 25 per cent under section 13(3) of the Punjab Motor Vehicle  Act, 1924.<\/p>\n<p>In a major decision, the Cabinet has approved a policy for the disbursement of <a href=\"https:\/\/exam.pscnotes.com\/discretionary-grants\">Discretionary Grants<\/a> by the Chief Minister and his Cabinet of Ministers for the creation and repair of existing basic <a href=\"https:\/\/exam.pscnotes.com\/infrastructure\">Infrastructure<\/a>, improving the <a href=\"https:\/\/exam.pscnotes.com\/environment-notes-for-state-psc-exams\">Environment<\/a>, and fulfilling the basic needs of the poor.As per the decision, the Chief Minister will have Rs five crore in his discretionary quota, while the Cabinet Ministers will have Rs 1.5 crore each during the financial year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Implementing the Union Ministry of Road Transport and Highways scrapping policy, Punjab Cabinet on Friday decided to provide a tax rebate up to 25 percent to the owners of scrapped automobiles on the registration of new vehicles. As per the policy, the owners of transport vehicles will be eligible for a motor vehicle tax rebate &#8230; <a title=\"Punjab implements vehicle scrapping policy; Offers tax rebate up to 25% on new vehicles\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/punjab-implements-vehicle-scrapping-policy-offers-tax-rebate-up-to-25-on-new-vehicles\/\" aria-label=\"Read more about Punjab implements vehicle scrapping policy; Offers tax rebate up to 25% on new vehicles\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1046],"class_list":["post-14141","post","type-post","status-publish","format-standard","hentry","category-punjab","tag-28-12-22"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Punjab implements vehicle scrapping policy; Offers tax rebate up to 25% on new vehicles - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/punjab-implements-vehicle-scrapping-policy-offers-tax-rebate-up-to-25-on-new-vehicles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab implements vehicle scrapping policy; Offers tax rebate up to 25% on new vehicles\" \/>\n<meta property=\"og:description\" content=\"Implementing the Union Ministry of Road Transport and Highways scrapping policy, Punjab Cabinet on Friday decided to provide a tax rebate up to 25 percent to the owners of scrapped automobiles on the registration of new vehicles. As per the policy, the owners of transport vehicles will be eligible for a motor vehicle tax rebate ... 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As per the policy, the owners of transport vehicles will be eligible for a motor vehicle tax rebate ... 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