Financial Daily from THE HINDU group of publications
Wednesday, Jan 09, 2002
Financial Daily from THE HINDU group of publications Wednesday, Jan 09, 2002 |
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Industry & Economy
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Environment Government - Policy Cabinet okays proposals on auto emission norms Our Bureau
NEW DELHI, Jan. 8 FISCAL incentives for the auto sector and the oil industry are on the anvil, with the Union Cabinet giving its approval to implement the recommendations on vehicular emission norms and auto fuel quality made in the interim report of the Expert Committee on Auto Fuel Policy. The expert committee, chaired by Dr R.A. Mashelkar, Director-General, Council for Scientific and Industrial Research, had made out a case for grant of fiscal incentives, given that the auto and the oil industry would be required to invest around Rs 35,000 crore and 25,000 crore respectively to upgrade facilities and technology. Briefing newspersons here on Tuesday, the Parliamentary Affairs Minister, Mr Pramod Mahajan, said that the Cabinet took a decision to authorise the Ministries and Departments concerned to take necessary action for implementation of the recommendations. The Mashelkar panel submitted its interim report on January 1. The main recommendations include a roadmap for implementation of future vehicular emission norms and auto fuel policy - Bharat Stage-II emission norms in Bangalore, Hyderabad and Ahmedabad by the end of 2003, extension of Bharat Stage-II emission norms in the entire country from April 1, 2005, introduction of Euro III equivalent norms in four metros as well as in Bangalore, Hyderabad and Ahmedabad from April 1, 2005 and extension of Euro III equivalent norms to other parts of the country from 2010. The committee had said that the choice of fuel and vehicular technology should be left to the owners and operators of vehicles, with the Government prescribing only the vehicular emission standards. While giving the option of fuel and vehicles to users, the Government should also encourage the use and provide R&D support to encourage alternate fuels such as CNG, LPG, ethanol, electricity, etc.
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