Proposed Additional Tax on Diesel Vehicles- Plutus Academy

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Plutus Academy
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Proposed Additional Tax on Diesel Vehicles

• GS3  Indian Economy Environment

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What Makes It Headlines?

• With his suggestion to impose higher taxes on
  diesel automobiles, India's transportation
  minister Shree Nitin Gadkari, has made an
  important addition to the country's economy. This
  big news is covered in depth in a well-written
  essay by Gaurav Nikumbh, making it a hot issue in
  current affairs. This essay is ready to inform
  and captivate visitors who are fascinated by
  India's economic environment thanks to the expert
  endorsement of Kapil Kushwah.
• Recent remarks made by Nitin Gadkari, Minister of
  Road Transport, underlined the necessity to
  abandon gasoline and diesel fuels. If the use of
  diesel engines for generators and vehicles
  continues, a 10 GST rise as a "pollution tax"
  may be mentioned.
• Later, it was made clear that there was not yet
  an official government proposition for
  implementing this tax.

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The Pushback Against Diesel in India
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Indias Current Diesel Vehicle Situation

• 40 of the petroleum products consumed in India.
• The transport industry receives 87 of diesel
  revenue, which are primarily for buses and
  trucks.
• Haryana, Maharashtra, and Uttar Pradesh account
  for 40 of all diesel revenue.
• Prestigious automakers like Tata Motors, Maruti
  Suzuki, Mahindra, and Honda have reduced or
  stopped producing diesel altogether To lessen
  consumer appetite for diesel.
• Don't miss out on the chance to unlock your
  potential. Students seeking to enrich their
  general knowledge can access daily current
  affairs updates on the Plutus Academy website.
  Stay informed and take a step closer to your
  goals.

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Advantages of Diesel Vehicles
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Way Forward

• EV (Electric Vehicle) Promotion Subsidies, tax
  rebates, and preferred parking allowances should
  be used to promote the adoption of EVs.
• Make Public Transportation Better Trains, buses,
  and metros are examples of public transit options
  that could be improved and expanded.
• Pricing Congestion Implementation To ease
  overcrowding and encourage the use of alternate
  forms of transportation, drivers may be taxed for
  entering certain regions throughout periods of
  heavy traffic.
• For a comprehensive read on the proposed
  additional tax on diesel vehicles, please refer
  to the original source article titled "Proposed
  Additional Tax on Diesel Vehicles.

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