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Govt notifies scrapping policy, mandates discounts on junking old cars

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The Centre has notified a scrap recycling policy to promote circular economy in the steel sector and utilise scrap emanating from vehicles and white goods that have reached their end of life.


Under the policy, the ministry of road transport and highways and the department of heavy industry would work towards “extended producer responsibility” by requiring vehicle manufacturers to incentivise scrapping of unfit vehicles in exchange for price discounts for purchase of new vehicles. “This too shall provide for the required feed to the scrapping centres. MoRTH may formulate an Automobile Fitness Certification Policy to prevent plying of unfit and polluting vehicles. This would facilitate establishment of fitness centres in the private sector by providing supporting policy framework,” said the new policy announced by the Union ministry of steel on Friday.



The OEMs and/or its dealers would facilitate collection of old vehicles/ELVs (end of life vehicles)/ recyclable spare parts of old automobiles either through a take back scheme or by setting up scrapping centres of their own or through tie-ups with such facilities, thereby acting as an aggregator for the collection of vehicles.


Unfit vehicles, according to the voluntary decision of the owners, would be considered as the feed material for the steel scrapping centres.


Under the policy, scrap processing units would be set up which could use the new corporate rate structure notified on September 20, offering domestic company incorporated on or after October 1, 2019 and making fresh investment in manufacturing, an option to pay income-tax at the rate of 15 per cent.


Further, the policy said the department of revenue might examine the proposal regarding the exemptions under section 35 AD of Income Tax Act to scrap processing units.


The policy requires vehicle manufacturers to shoulder responsibilities to use an increased quantity of recycled material in vehicles and other products, (provided they do not give rise to safety or environmental hazards), thereby creating a market for recycled products, and the percentage use of such recycled materials in vehicles should be periodically audited to ensure compliance.


Additionally, vehicle and white good manufacturers would be required to provide dismantling information for each type of new product within six to two months of the launch and should assist / guide the recycling centers to expand the technological know how for segregation and recycling.


The policy would involve a formal and scientific collection, dismantling and processing activities for end of life products that are sources of recyclable (ferrous, non- ferrous and other non-metallic) scraps.


Under the policy, high quality ferrous scrap for quality steel production would be produced.


To address the issue of collecting such end of life products for increasing scrap generation in India and also to structure the informal recycling sector based on environmental and scientific fronts, a hub and the spoke model has been promulgated.


The collection /dismantling center and/or scrap processing center must issue a certificate of destruction (COD) or proof of scrappage to the owner. Records of the same must be maintained and it should be available for scrutiny by the authority concerned.


The collection and/or dismantling center should either setup by or be associated with a scrap processing center. They should handover the depolluted/dismantled ELVs, white goods and other scraps without any legal liabilities or encumbrances to the authorized scrap processing center.


These centres would be set up near highways, industrial corridors, railway sidings and in the close proximity to the Sagarmala project which would help in development of multimodal logistics parks.


The increased production of vehicles and increased use of consumer durable white goods in the last two decades and their rapid obsolescence shall generate large quantities of end of life products. This shall result in generation of continuous flow of large ferrous scrap for recycling in steel production.


It would be put in place a mechanism for treating waste streams and residues produced from dismantling and shredding facilities in compliance to Hazardous & Other Wastes (Management & Transboundary Movement) Rules, 2016 issued by the ministry of environment.


An inter-ministerial coordination committee has been set up with steel secretary as convener and secretaries of ministry of road transport and highways, department of heavy industry, ministry of environment, forest & climate change, department of revenue and ministry of labour & employment as members. The mandate of the committee is to look into policy changes required for creating an organized steel scrapping ecosystem.


A government statement said the availability of scrap was a major issue in India and the deficit was 7 million tonne in 2017. This was imported at the cost of more than Rs 24,500 crore in 2017-18. The gap between demand and supply is can be reduced in the future and the country may be self-sufficient by 2030. This is mainly because with the increase in consumption of steel in the recent past and ELVs, the generation of scrap is likely to be increased considerably. This scrap has to be channelized so that the same can be utilized for steel production in an environmentally friendly manner.


The scrapping policy seeks to ensure availability of quality scrap for the steel industry. The current supply of scrap is 25 MT from the domestic unorganized scrap industry and 7 MT from import of scrap. There is potential to harness this 7 MT of scrap that is currently being imported from the domestic market itself. This shall require adequate collection centres, dismantling centres shall work in a hub-spoke model and feed to the scrap processing centres. To produce 7 MT more of scrap, the country shall require 70 scrap processing centres each with the capacity of 100,000 tonnes; this is without disturbing the existing dismantling centres. The 70 scrap processing centres shall require about 300 collections and dismantling centres on the presumption that 4 collecting and dismantling centres cater to scrap processing centre.


A 4+1 hub and spoke model is envisaged, where four collection and dismantling centres cater to one scrap processing centre. There would be 70 units producing a total of 7 MT of scrap the potential for employment generation would be of 2,800 persons.





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BSNL close to achieving VRS target

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State-owned Bharat Sanchar Nigam Ltd (BSNL) is close to achieving its voluntary retirement scheme (VRS) target, with as many as 75,000 employees opting for the scheme within a week.

The company is expected to save about ₹7,500 crore by offering the scheme to 80,000 employees above 50 years of age.

“A little over 75,000 personnel have opted for the VRS as of today evening and the management is expecting it to cross 80,000 within a day or two. The scheme can be termed a success as the subscription for the scheme ended much earlier than expected as generally employees would only sign up closer to the cut-off date,” a source privy to the development told BusinessLine.

Earlier in the day, BSNL Chairman and Managing Director PK Purwar told Press Trust of India that as many as 70,000 employees of BSNL had already opted for the scheme.

The VRS scheme, which opened on November 4, will close at 5.30 pm on December 3.

BSNL employs nearly 1.59 lakh personnel as of date, of which nearly 1.06 lakh are above 50 (eligible for VRS). The company’s employee costs stood at ₹14,492 crore in 2018-19.

Rolling out 4G

Under the proposed VRS formula, employees will get 100-125 per cent of the salary for remaining years of service, including pension, based on the retiring month wage.

BSNL would ready its nearly 40,000 base transceiver systems (BTS) and core equipment to make them 4G compatible on a war-footing, as the Department of Telecommunications (DoT) has assured of allotting it spectrum.

These decisions came after a meeting of All Unions and Associations of BSNL (AUAB) officials with the CMD last week.

“There are some minor software and hardware upgradation required for these BTS, which can be completed in two months with the vendors support. That is, the vendors have to provide equipment at the prices quoted earlier,” another source said.

The debt-ladden company owes about Rs 1,400 crore to a clutch of lenders, and this could be the only bottleneck”.

BSNL already has 10,000 BTS that are 4G ready. Further the PSU also has 20 MHz spectrum in the 2600 band (Broadband and Wireless

Access spectrum), except in six circles, where the spectrum was surrendered. These can be also be used to provide high-quality 4G services, he added.





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Genealogy Business Development and Bargains – Family History Fanatics Live

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Join us as we discuss how Thomas MacEntee developed his genealogy business and then how to find great genealogy bargains, especially with Black Friday coming up!

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TVJ Sports News: She's A Maneater" Wins Her 2nd Diamond Mile – November 9 2019

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Jamaica News Today – Television Jamaica a Trusted Source for News, Sports & Entertainment

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