The concept note of Voluntary Vehicle Fleet Modernization Programme (V-VMP) was put in the public domain for comments in May. Photo: Hindustan TimesNew Delhi: Road transport and highway minister Nitin Gadkari on Wednesday will make another attempt to convince finance minister Arun Jaitley to approve the Voluntary Vehicle Fleet Modernization Programme (V-VMP) in its current form. “Finance ministry has objected to a few provisions and not rejected the vehicle modernization programme. “The finance ministry had serious objections over a few aspects that would be the major bargaining points between the ministers tomorrow. These are number of vehicles to be scrapped, excise duty exemption, infrastructure creation for the scheme and investments along with some figure mismatches,” a road ministry official said, requesting anonymity.

Source: Mint August 23, 2016 19:07 UTC