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In response to higher-than-expected tax revenue and a record surplus transfer from the Reserve Bank of India (RBI), the Indian government is considering an 8-10% increase in <keyword id="20018917" type="General" weightage="20" keywordseo="capital-expenditure" source="keywords">capital expenditure</keyword> (capex) for the fiscal year 2025, according to Pantomath Group's quarterly report, "Market Kaleidoscope: Quarterly Market Insights." This adjustment could raise the capex from the previously allocated Rs 11.11 lakh crore, aiming to bolster infrastructure and economic growth. This fiscal boost comes as India reaches a historic financial milestone. The total market capitalization of all stocks listed on the Bombay Stock Exchange (<keyword id="19895774" type="General" weightage="20" keywordseo="BSE" source="keywords">BSE</keyword>) briefly surpassed $5 trillion for the first time, placing India among global giants such as the US, China, Japan, and Hong Kong. India's primary market is set for a dynamic period, with 55 companies planning to raise over Rs 68,000 crore through Initial Public Offerings (IPOs). The first half of FY2025 has already seen 35 mainboard IPOs, collectively raising around Rs 32,000 crore with an average subscription rate of 61 times. The Indian market maintained a positive outlook in the first quarter of FY2025, driven by strong Q4FY24 earnings, favorable economic data, and positive global cues. Despite early June volatility following the 2024 <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> election results, market sentiment improved with the BJP securing 272 seats and a total of 292 seats for the NDA with allied support. This political stability under Prime Minister Narendra Modi's leadership is expected to promote long-term economic growth, with a focus on infrastructure, electric mobility, startup support, power distribution, digital privacy, and healthcare initiatives. Corporate India's performance in the March quarter of FY2024 met expectations, showing double-digit growth in net profit and single-digit revenue increases. Non-lending companies experienced moderate operating margin expansion due to favorable commodity prices and cost controls. The peaking interest rates and continuity of <keyword id="19978691" type="General" weightage="20" keywordseo="government-policies" source="keywords">government policies</keyword> are anticipated to support healthy corporate growth in FY2025. <h2>Growth to continue</h2>The government's push for increased <keyword id="20068449" type="General" weightage="20" keywordseo="ethanol-production" source="keywords">ethanol production</keyword> targets a 20% blending by 2026, benefiting ethanol-heavy sugar companies and promoting biofuel goals. The real estate market is projected to grow significantly, requiring Rs 14 lakh crore in debt financing from 2024 to 2026. This growth will positively impact the banking and financial sectors. Major telecom operators have raised tariffs post-election, potentially improving sector financials and paving the way for sector re-rating. Major cement players are expanding through acquisitions, with an expected 6-7% compounded growth and market dominance by the top five players by March 2025. FMCG Companies expect recovery in rural business due to factors like a normal monsoon, robust crop yields, and government measures, maintaining robust rural demand. The potential roll-out of the FAME 3 Scheme to support <keyword id="19963112" type="General" weightage="20" keywordseo="electric-vehicle-sales" source="keywords">electric vehicle sales</keyword> is anticipated, with a budgetary allocation of around Rs 10,000 crore. Sectors such as auto, cement, defence, railways, consumer durables, energy, and banking are expected to outperform. Lagging sectors like IT and specialty chemicals offer value-buying opportunities at lower levels. The structural bull market for Indian equity is supported by strong domestic fundamentals and government reforms, with a positive medium- to long-term market outlook. Globally, the US market showed resilience, except for the Dow Jones. The Federal Reserve maintained interest rates at 5.25-5.50%, awaiting inflation to move towards the 2% target before considering rate cuts. The US GDP grew at 1.4% annually in Q1 2024, with mixed economic indicators highlighting both strengths and challenges. The Indian <keyword id="19926041" type="General" weightage="20" keywordseo="IPO-market" source="keywords">IPO market</keyword> has seen significant growth, with a surge in companies seeking to list shares and a rise in capital raised. The first half of 2025 saw strong retail investor participation, reflecting confidence in India's growth prospects. Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Private Limited, said, "Favourable market conditions, high liquidity, a conducive growth environment with stable interest rates, and benign inflation have facilitated a boom in the IPO market. The IPO market will experience a stronger pull post-budget. India is set to become the new equity funding frontier for global corporations." He further added. "We are on the brink of sustained, long-term momentum in the IPO market, with this year potentially becoming the best for IPOs. India's solid macroeconomic environment and promising growth prospects create an ideal backdrop for this vibrant IPO market. Additionally, there is robust participation from both domestic institutional investors and retail investors." With the Indian government's potential capex increase and the robust primary market activity, the <keyword id="19948184" type="General" weightage="100" keywordseo="Indian-economy" source="keywords">Indian economy</keyword> is poised for sustained growth. The upcoming period is expected to see heightened market activity, further IPOs, and economic stability, creating a conducive environment for investment and development.

India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report

<ul><li>Nitin Gadkari today announced the <keyword id="3210750" type="PERSON" weightage="20" keywordseo="vehicle-scrappage-policy">vehicle scrappage policy</keyword> in the Lok Sabha -- the lower house of the parliament.</li><li>Talking about the policy, the minister said that it is very important for the development of India’s economy as well as the environment.</li><li>From lower road tax to discount in buying new cars, the minister suggested a few possible benefits with the policy.</li></ul>India’s transport minister Nitin Gadkari, on Thursday, announced the vehicle scrappage policy in the Lok Sabha - the lower house of the parliament. Talking about the policy, the minister said that it is very important for the development of India’s economy as well as the environment. <cmsannotation type="cmsannotation" annotationid="Gadkari announces possible benefits of the vehicle scrappage policy" comment="subhead" text="Gadkari announces possible benefits of the vehicle scrappage policy">Gadkari announces possible benefits of the vehicle scrappage policy</cmsannotation> The minister listed out a long list of possible benefits of the policy in the parliament today. “I have told the automobile industry that people who come to buy new vehicles with a scrapping certificate, should be given a 5% discount/incentive. It’s not mandatory, but an advisory from us,” he said. With the scrapping policy, raw materials like plastic, aluminium, steel,copper, would be recycled and will become a lesser cost component for the automotive industry. “Scrap material will create a lot of value addition,” he said. Gadkari also said that states can also make registration fees and road tax lower, as then people will be encouraged to buy new vehicles which will also result in more sales for the automobile industry. “Today automobile industry’s annual turnover is ₹4.5 lakh crore. With the scrappage policy, in five years that number can become ₹10 lakh crore. In turn, With the increase in sales, state and centre will also benefit from the GST revenue,” he said. He said that currently there are 51 lakh vehicles older than 20 years, 34 lakh vehicles older than 15 years and about 17 lakh vehicles older than 15 years. The policy will also create 3.7 crore jobs in the automobile industry as the minister hopes every district will have at least two-three driving schools and fitness centres, which will also increase employment. <cmsannotation type="cmsannotation" annotationid="What is vehicle scrappage policy?" comment="subhead" text="What is vehicle scrappage policy?">What is vehicle scrappage policy?</cmsannotation> In July 2019, the Central government had proposed amendments to the motor vehicle rules to allow scrapping of vehicles older than 15 years. The scrappage policy is meant to flush out old cars running on the roads and aim at phasing-out these old vehicles, which end up polluting the environment. Finance Minister Nirmala Sitharaman had announced in Budget 2021 that cars older than 20 years and commercial vehicles older than 15 years will have to be scrapped. The government had also proposed renewing fitness certificates for vehicles older than 15 years every six months instead of the current one year. With the same, automobile fitness centres would be set up across the country to check the health of vehicles and also handout certificates for scrapping. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/indian-national-sentenced-to-3-years-in-us-federal-prison-for-call-centre-fraud-of-up-to-3-million/articleshow/81565348.cms">Here's how a guy from Gurugram used pop-up ads and a call centre to defraud unsuspecting Americans for up to $3 million</a> <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-wipro-consumer-and-ascent-capital-invest-in-beauty-brand-myglamm/articleshow/81563765.cms">Amazon, Wipro Consumer and Ascent Capital invest in beauty brand MyGlamm</a>

Nitin Gadkari announces vehicle scrappage policy – lists out possible benefits on road tax, cheaper new cars and lower pollution

<ul><li>The 17th Parliament ended the winter session on December 13, 2019 which concluded the parliament’s discussions for the year 2019</li><li>Among the 59 bills introduced, a total number of 45 bills passed becoming law in the year </li><li>Here is a list of the bills passed in both the houses in 2019 with a short overview </li></ul> After the <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> Government came to power for its second consecutive tenure in this summer, the government held its first winter session concluding on December 13, 2019. Together with this session, the government had passed 47 bills in total for 2019. The statistics also makes the recently concluded winter session one of the most productive ones of all the winter sessions of the Narendra Modi government. Nearing the end of 2019, here is an overview of the complete list of all the bills passed in both houses of the parliament which have successfully become laws. 1. The Constitution (One Hundred Twenty-Sixth Amendment) Bill, 2019. Resolves and clarifies some issues that came up over the recent past and aims to strengthen the insolvency and bankruptcy code 2016 framework. 2. The Citizenship (Amendment) Bill, 2019 Makes some classes of specified illegal entrants to the country eligible to become Indian citizens. 3. The Appropriation (No. 3) Bill, 2019 The bill authorizes the <keyword id="6355187" type="UNKNOWN" weightage="20" keywordseo="lok-sabha">Lok Sabha</keyword> to appropriate the funds available in the Consolidated Fund of India for the services of the financial year 2019-20. 4. The Arms (Amendment) Bill, 2019 The bill gives room for giving the maximum punishment of life time imprisonment for manufacturing and transporting illegal arms. 5. The National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Bill, 2019 The Bill makes it possible to recognize the rights over property of some residents of some unauthorised colonies in Delhi, the National Capital. 6.The Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Bill, 2019 This bill creates room for merging these three union territories in order to bring down administrative costs and ease administration. 7. The Taxation Laws (Amendment) Bill, 2019 Gives some tax concessions in order to boost up the investments in the manufacturing sector. 8. The International Financial Services Centres Authority Bill, 2019. The act sets up a single authority for regulating all financial services in IFSCs in the country. 9. The Recycling of Ships Bill, 2019 Creates room for the safe and environmentally sound recycling of ships. 10. The Special Protection Group (Amendment) Bill, 2019 The bill intends to reduce the special protection group cover only for the Prime Minister, former Prime Minister and all their immediate family members for about 5 years after they step down from their post. 11. The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Sale, Distribution, Storage and Advertisement) Bill, 2019 The law bans the trading, advertising, storing, and transporting of e-cigarettes on grounds of studies indicating that they might create a new line of nicotine users. 12. The Jammu and Kashmir Reorganisation Bill, 2019. The Bill gives scope for reorganizing the state of Jammu and Kashmir into two Union Territories namely Jammu and Kashmir and Union Territory of Ladakh. 13. The Supreme Court (Number of Judges) Amendment Bill, 2019 This bill increases the number of Supreme Court judges from 30 to 33. 14. The Chit Funds (Amendment) Bill, 2019 This bill is meant to streamline the operations of collective funds management in the country. 15. The National Institute of Design (Amendment) Bill, 2019 The aim of the bill is to declare four national institutes of design across four states (Assam, Haryana, Madhya Pradesh and Andhra Pradesh) as institutions of national importance. 16. The Companies (Amendment) Bill, 2019 The ordinance makes it possible for some domestic companies to move to a lower income tax rate provided they do not claim some kinds of deductions. 17. The Repealing and Amending Bill, 2019 This bill repeals 68 Acts in whole and makes some small amendments to (i) the Beedi Workers Welfare Fund Act, 1976, and (ii) the Motor Vehicles (Amendment) Act, 2001. 18. The Insolvency and Bankruptcy Code (Amendment) Bill, 2019 This amendment aims to remove the challenges, streamlines the insolvency resolution process in the corporate world and protects the last mile funding for boosting up the investments in the financially affected sectors. 19. The Codes on Wages, 2019 The ordinance seeks to create a floor wage as the guideline across the country for fixing the minimum wages to different classes of workers. 20. The National Medical Commission Bill, 2019 He bill paves way for replacing the MCI with a new body since it is fond plagued with corruption. 21. The Transgender Persons (Protection of Rights) Bill, 2019 The provisions of the bill aims to prevent discrimination of transgender persons in the society. 22. The Banning of Unregulated Deposit Schemes Bill, 2019 Tis bill brings in a mechanism for banning the unregulated schemes for deposit in order to take care of the interests of the depositors. 23. The Right to Information (Amendment) Bill, 2019 The bill alters the terms and conditions governing the offices of the Chief Information Commissioner. 24. The Protection of Children from sexual Offences (Amendment) Bill 2019 The bill intends to protect children from sexual harassment, sexual assault and pornography. 25. The Appropriation (No. 2) Bill, 2019 This bill permits the government to borrow Rs 98.18 crore for the Consolidated fund of India to meet the country’s expenditure in 2019-20. 26. The Motor Vehicles (Amendment) Bill,2019 A measure to bring down accidents due to negligent driving, the act increases the penalties for driving errors. 27. The Arbitration and Conciliation (Amendment) Bill,2019 Seeks to make the arbitration processes friendly and robust with a focus on easing the doing of business in the country. 28. The Airports Economic Regulatory Authority of India (Amendment) Bill,2019 Meant to increase the threshold of airports in India, the bill changes the definition of what is a major airport in the country. 29. The Unlawful Activities (Prevention) Amendment Bill, 2019 Ventures to bring in a tough law to uproot terrorist activities in the country. 30. The National Investigation Agency (Amendment) Bill, 2019 Projecting the government zero tolerance policy towards terrorism, the bill seeks to broaden NIA’s powers and prosecute the offenders in a stricter way. 31. The Protection of Human Rights (Amendment) Bill, 2019 Advancing the interests of protecting human rights, the bill creates room for the establishment of National Human Rights Commission (NHRC), State Human Rights Commissions (SHRC), as well as Human Rights Courts. 32. The Consumer Protection Bill, 2019 Replacing the outdated consumer protection laws, this bill tightens the rules to further protect the interests of the customers in India. 33. The Public Premises (Eviction of Unauthorized Occupants) Amendment Bill, 2019 This ordinance creates room for evicting unauthorized occupants from certain public places. 34. The Jallianwala Bagh National Memorial (Amendment) Bill, 2019 The law seeks to lift the party politics in the national memorial and create a new trust to administer the site. 35. The Central Universities (Amendment)Bill,2019 The bill was passed to give room for the creation of a central university and a tribal university in the state of Andhra Pradesh. 36. The Finance (No. 2) Bill, 2019 This law amends the earlier income tax act and reduces the corporate taxes. 37. The New Delhi International Arbitration center Bill, 2019 Gives room to create a centralized and independent arbitration enter in India to manage arbitrations in the country in a better way. 38. The Jammu and Kashmir Reservation (Amendment) Bill, 2019 This act makes it possible to make reservations in the state and central government posts and seats in educational institutions for the people of Jammu and Kashmir. 39. The Central Educational Institutions (Reservation in Teachers Cadre) Bill, 2019 Creates room for reserving the teaching positions for SC, ST, economically weaker and socially and environmentally weaker persons in the Central Educational Institutions. 40. The Indian Medical Council (Amendment) Bill, 2019 This act creates a Medical Council of India to regulate the education and practice of medicine in India. 41. The Dentists (Amendment) Bill, 2019 In order to regulate the profession of dentistry in India, the act creates (i) the Dental Council of India, (ii) State Dental Councils, and (iii) Joint State Dental Councils. 42. The Aadhaar and Other Laws (Amendment) Bill, 2019 The law regulates, clarifies and amends some procedures related to Aadhaar in a way of easing and streamlining the use of Aadhaar identity card in India. 43. The Special Economic Zones (Amendment) Bill, 2019 Creates room for establishing, managing and developing special economic zones in the country. 44. The Muslim Women (Protection of Rights on Marriage) Bill, 2019 The bill declares that all kinds of talaq both verbal and written as illegal in order to safeguard the interests of the Muslim women in the country. 45. The Homoeopathy Central Council (Amendment) Bill, 2019 This ordinance amends the Homepathy Central Council Act, 1973 and sets up a council to regulate the practice of Homeopathy in India.

List of new bills passed In 2019 in parliament by Narendra Modi govt

Full text of President Ram Nath Kovind's first address to the Parliament as the 17th Lok Sabha gets underway

As India awaits the 2019 parliamentary elections, the <keyword id="6376239" type="UNKNOWN" weightage="20" keywordseo="Model-Code-of-Conduct">model code of conduct</keyword> <a href="http://documents.gov.in/UA/992.pdf">issued</a> by the <keyword id="65281" type="COMPANY" weightage="20" keywordseo="Election-Commission-of-India">Election Commission of India</keyword> has come into force. Political parties and candidates must abide by the guidelines issued in this document. Here’s a list of the various provisions: General Conduct (1) Political parties and candidates must cease from acting in a way that might exacerbate the existing differences or create some kind of tension or mutual hatred between the different castes, communities, linguistic groups and religions. (2) Any criticism towards other political parties must be restricted to their programs and policies, past performance and work. No party or candidate can indulge in criticizing any aspect of private life that is in no way connected to the leader or worker’s public activities. Also no criticism can be made based on unsubstantiated allegations or distortion. (3) No party or candidate can appeal to the caste or communal feelings of the voters. For the purpose of election propaganda, no place of worship or a religions place like mosque, church or temple can be used. (4) All parties and candidates must refrain from any acts of corruption like bribing the voters, conducting meetings within 48 hours close to the poll, canvassing within 100 meters of the polling booths, and providing conveyance facility for the voters to and from the polling booth. (5) The right of every individual to enjoy a peaceful domestic life must be respected though the political parties and candidates could resent their political ideas or activities. Under no circumstances any demonstration or picketing can be organized in front of the houses of individuals. 6) Political parties and candidates must never permit their followers to use any person’s land, wall, or building without their permission for erecting flag staffs, tying banners writing slogans or pasting notices. (7) Political parties and candidates must not allow their supporters to obstruct or disturb the processions or meetings organized by other parties. No party or candidate can organize a procession or meeting in the vicinity of the meetings organized by other political parties. Posters stuck by a party must not be removed by other parties. II. Meetings (1) Well in advance before organizing a meeting, the concerned political party or candidate must inform the police in order to arrange for traffic control and to maintain law and order. (2) Before holding a meeting, the organizers must make sure if any restrictions or prohibitions are in force in the place proposed for the meeting. If any exemptions are needed, they must applied for well in advance. (3) The party or candidate must apply for the license or permission for the use of loud speakers or other facilities in the venue of the meeting to the concerned authorities. (4) Meeting organizers can get the assistance of the police to deal with the elements creating disturbances to the meeting or causing disorder of some kind. III. Processions (1)The timings, route and place of a procession must be finalized in advance and necessary permissions be obtained. Once this is done, there must not be any deviations. The organizers must inform the local police regarding the processions so that the required arrangements can be made. (3) The organizers must make sure if any restrictions are in force through which the procession must pass through. They must strictly adhere to the traffic regulations if any. (4) The organizers must ensure that the procession does not cause hindrance or blocks the traffic. Long processions must be segmented to avoid congestions at junctions and roads. (5) As much as possible, the processions must be organized on the right side of the road. The advice of the police must be followed. (6) If two or more political processions happen in the same route around the same time, a coordination must be achieved under the guidance of the police in a way not to cause disturbance to the public and traffic. (7) The political parties or candidates must ensure that the articles carried in a procession are not misused under excitement. (8) Carrying effigies representing the leaders of other political parties or burning them must never be approved. IV. Polling Day All political parties and candidates must - (i) Cooperate with the election officers to make the polling peaceful and orderly in a way letting the voters exercise their franchise without any disturbance. (ii) Supply badges or identity cards to their authorized workers. (iii) Ensure that the identity slips supplied to voters are on plain paper without any symbol or name of the party or candidate (iv) Desist from distributing liquor on the polling day or during the 24 hours preceding it (v) Never allow crowds to gather around the camps of the parties that could result in any kind of tensions or clashes (vi) Keep the camps simple without the display of any symbols, posters or any propaganda material (vii) Abide by the restrictions in place for the movements of vehicles, obtain permits and display the permits on the vehicles used V. Polling Booth Except the voters, none should enter the polling booth without a valid pass issued by the election commission. VI Observers Any complaints or problems with regard to the conduct of elections can be informed to the observers appointed by the election commission. VII Party in power The Party in power must not give any room for any complaints that its official position is used for the purpose of elections in any of the following ways (i) (a) The Ministers must not club their election work with official works and must not use the official machinery for the election work. (b) Government vehicles and personnel must not be used in the interest of the party in power. (ii) Public places and helipads must not be monopolized by the party in power. (iii) Rest houses, dak bungalows and other Government facilities must not be monopolized by the party in power. (iv) No advertisement can be made at the cost of public exchequer in the media or newspapers. The official mass media must not be misused for political news and publicity by the party in power. (v) Once the election dates are announced, ministers or authorities must not sanction grants/payments from discretionary funds (vi) Once the election dates are announced, Ministers and other authorities must not – (a) make any financial grants of any kind or make promises thereof (b) lay foundation stones for any schemes or projects (c) promise the construction of roads or making other facilities (d) make any appointments in public or government works Which could impact the voters to favor the party in power. Note: The Election Commission shall announce the date of elections three weeks before the date on which the polling is scheduled. (vii) ministers must never enter any polling booth or place of counting excepting in their authority as a voter or an authorized agent.

India issues ‘model code of conduct’ for political parties and candidates

New Delhi, Jan 8 () The Cabinet has been apprised of the amendments to the motor vehicles law that will ensure concurrence of state governments while formulating the National Transport Policy, the government said on Wednesday.
The new Motor Vehicles Act with stricter penalties for violation of traffic laws has come into force Pan-India from September 1, 2019.
"The Union Cabinet, chaired by Prime Minister Narendra Modi, has been apprised of information about the amendments moved to the Motor Vehicles (Amendment) Bill, 2019 as passed by the Rajya Sabha," the Ministry of Road Transport and Highways said in a statement.
Amendments will ensure concurrence of state governments while formulating the National Transport Policy and making schemes for national, multimodal and inter-state transportation of goods and passengers by the Centre, it said.
The Motor Vehicles (Amendment) Bill, 2019 was approved by the Cabinet in its meeting held on June 24, 2019 for re-introduction in the Lok Sabha. The Bill was passed in the Lok Sabha on July 23. Later, the Bill was taken into consideration by the Rajya Sabha on July 31 and was passed the same day. 
Further, the amendments were placed before the Lok Sabha and were passed on August 5, 2019. NAM

 ANU

Cabinet apprised of amendments in Motor Vehicles Act

<ul><li>Union minister <keyword id="26680" type="PERSON" weightage="20" keywordseo="Nitin-gadkari">Nitin Gadkari</keyword> informed the Parliament that the government had earned over ₹100 crores by providing access to Vahan and Sarathi databases to private entities.</li><li>The Vahan and Sarathi databases contain details of registered vehicles and driving licenses in the country.</li><li>The minister told Parliament that the data had been shared <keyword id="10751125" type="UNKNOWN" weightage="20" keywordseo="with170-parties">with170 parties</keyword> including law enforcement agencies, the home ministry, auto, freight and <keyword id="114713" type="COMPANY" weightage="20" keywordseo="insurance-companies">insurance companies</keyword>.</li><li>Although the government last year in June junked the policy citing potential misuse of personal information and privacy issues — the data continues to remain with the companies.</li></ul>On Thursday (February 12), the union transport minister Nitin Gadkari informed the Parliament that the government had earned over ₹100 crores by selling Vahan and Sarathi databases to private entities. The Vahan and Sarathi databases contain details of registered vehicles and driving licenses in the country. However, the ministry has now discarded the bulk data sharing policy issued in 2019. The minister told Parliament that the data had been shared with 170 parties, including law enforcement agencies, the home ministry, auto, freight and insurance companies. The list includes BMW, Axis Bank, Bajaj Allianz General Insurance, L&amp;T Financial Services, and <keyword id="6381274" type="COMPANY" weightage="20" keywordseo="mercedes-benz">Mercedes Benz</keyword>. "The revenue collected by the Government by providing access to Vahan and Sarathi databases is ₹1,11,38,79,757," said Gadkari in response to a question in the Lok Sabha. Your personal data remain with companies Although the government last year in June junked the policy citing potential misuse of personal information and privacy issues — the data continues to remain with the companies. In another response to a question on Gadkari said that there's no proposal under consideration for the government that would direct the companies to delete the data accessed by private entities. The government decided earlier that the sharing of <keyword id="9455130" type="UNKNOWN" weightage="20" keywordseo="vehicular-data">vehicular data</keyword> will now be done on the basis of the <keyword id="2617070" type="COMPANY" weightage="20" keywordseo="Personal-Data-Protection-Bill">Personal Data Protection Bill</keyword>, 2019. The government decided to share only the reports generated on the basis of the analysis of the vehicular data available in the National Register. Under the policy, the commercial organizations and individuals seeking bulk data will have to pay an amount of ₹3 crore. Also, the educational institutions could use the data for research purposes for ₹5 lakh. “It was decided that rather than sharing the bulk data with any company or organization on the cost basis, reports generated on the basis of analysis of the vehicular data available in the National Register on the portal may be shared for use of Citizens or Stakeholders,” the government has said while replacing the policy with Personal Data Protection Bill, 2019. SEE ALSO: <a href="https://www.businessinsider.in/defense/news/experts-say-india-and-china-both-need-to-show-their-voters-that-they-won-in-ladakh-for-the-disengagement-to-be-successful/articleshow/80876036.cms" data-type="tilCustomLink">Experts say India and China both need to show their voters that they won in Ladakh⁠ for the disengagement to be successful</a> <a href="https://www.businessinsider.in/india/news/spicejet-and-indigo-stocks-take-off-as-a-2-hour-flight-could-now-cost-up-to-13000/articleshow/80873865.cms" data-type="tilCustomLink">SpiceJet and IndiGo stocks take off as a 2-hour flight could now cost up to ₹13,000</a>

Centre earned ₹100 crores by sharing vehicle registration data with companies such as BMW, Axis Bank, Bajaj Allianz, L&T and others

New Delhi, Nov 19 () Terming the slowdown in automobile sector as cyclical, the government on Tuesday said it is taking various steps including release of funds worth Rs 70,000 crore to PSU banks to help the sector.
 Minister of Heavy Industries and Public Enterprises Prakash Javadekar said the sector is facing a prolonged downturn due to various reasons, including reduction in finance availability and increase in cost due to upfront collection of insurance premium.
 "There is a cyclical slowdown across sectors including automotive sector since last few months. But the festival season demand has shown year-on-year growth of 0.3 per cent in the passenger vehicle segment," Javadekar said in a written reply to the Lok Sabha on Tuesday.
 Citing reasons for the slowdown, he said increase in axle load limit for commercial vehicles by up to 25 per cent expanded freight capacity, leading to shrinkage of new vehicle demand.
 Besides, increase in collateral for dealers from 25 per cent to 60 per cent resulted in reduction in inventory finance to dealers, the minister said.
 Further, there has been postponement of purchases in anticipation of discounts by original equipment manufacturers (OEMs) for clearing of stock with BS-IV norms, he added.
 Elaborating on the steps being taken to help the sector, Javadekar said the government as a policy maker always attempts to keep and improve momentum of the economy through a package of measures for comprehensive and continued development of the auto sector as and when required.
 He said the government has taken steps like reduction in corporate tax to 22 per cent, continuation of registration of internal combustion engine vehicles in future.
 Besides, the scrappage policy for auto sector is under consideration of the government, he added.
 Javadekar said the proposed increase in registration of new cars has been deferred till June 2020 and funds worth Rs 70,000 crore have been released to PSU banks to help the sector.
 Domestic passenger vehicle sales witnessed year-on-year decline in wholesales for almost an year till September this year. The sales increased marginally by 0.28 per cent in October, driven by festive boost. MSS 
RVK

You Searched For "vehicle scrappage policy in lok sabha" and got 8 results

India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report

ANI

Nitin Gadkari announces vehicle scrappage policy – lists out possible benefits on road tax, cheaper new cars and lower pollution

Sanchita Dash

List of new bills passed In 2019 in parliament by Narendra Modi govt

BI India Bureau

Full text of President Ram Nath Kovind's first address to the Parliament as the 17th Lok Sabha gets underway

BI India Bureau

India issues ‘model code of conduct’ for political parties and candidates

BI India Bureau

Cabinet apprised of amendments in Motor Vehicles Act

PTI

Centre earned ₹100 crores by sharing vehicle registration data with companies such as BMW, Axis Bank, Bajaj Allianz, L&T and others

Navdeep Yadav

Slowdown in auto sector cyclical; govt taking steps to support the sector

PTI

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