Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea64d8a95eb-trace').style.display = (document.getElementById('cakeErr67ea64d8a95eb-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ea64d8a95eb-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea64d8a95eb-code').style.display = (document.getElementById('cakeErr67ea64d8a95eb-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea64d8a95eb-context').style.display = (document.getElementById('cakeErr67ea64d8a95eb-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ea64d8a95eb-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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		&#039;title&#039; =&gt; &#039;Govt panel proposes additional taxes on personalised vehicles&#039;,
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-PTI
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&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;
&lt;/div&gt;
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;





The recent report...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.&lt;/div&gt;&#039;,
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	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
-PTI
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 9 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/govt-panel-proposes-additional-taxes-on-personalised-vehicles/articleshow/12590476.cms&#039;,
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;





The recent report...&#039;
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;





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                <strong>Govt panel proposes additional taxes on personalised vehicles</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on 'Polluters pay Principle' and aimed to reduce the use of personal vehicles.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &quot;exclusively consumed by personalised vehicles and its other uses are limited&quot;.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&quot; the report noted. &quot;It is proposed that an additional 4% of the vehicle's insured value shall be collected as green cess,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.</div>               </font>
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-PTI
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&lt;div style=&quot;text-align: justify&quot;&gt;
A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;
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&lt;br /&gt;
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&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;
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&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 9 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/govt-panel-proposes-additional-taxes-on-personalised-vehicles/articleshow/12590476.cms&#039;,
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;





The recent report...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.&lt;/div&gt;&#039;,
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-PTI
&lt;/div&gt;
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A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;
&lt;/div&gt;
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The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 9 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/govt-panel-proposes-additional-taxes-on-personalised-vehicles/articleshow/12590476.cms&#039;,
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;





The recent report...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.&lt;/div&gt;&#039;
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;





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                <strong>Govt panel proposes additional taxes on personalised vehicles</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on 'Polluters pay Principle' and aimed to reduce the use of personal vehicles.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &quot;exclusively consumed by personalised vehicles and its other uses are limited&quot;.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&quot; the report noted. &quot;It is proposed that an additional 4% of the vehicle's insured value shall be collected as green cess,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea64d8a95eb-trace').style.display = (document.getElementById('cakeErr67ea64d8a95eb-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ea64d8a95eb-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea64d8a95eb-code').style.display = (document.getElementById('cakeErr67ea64d8a95eb-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea64d8a95eb-context').style.display = (document.getElementById('cakeErr67ea64d8a95eb-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ea64d8a95eb-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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		&#039;title&#039; =&gt; &#039;Govt panel proposes additional taxes on personalised vehicles&#039;,
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&lt;br /&gt;
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-PTI
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 9 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/govt-panel-proposes-additional-taxes-on-personalised-vehicles/articleshow/12590476.cms&#039;,
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;





The recent report...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.&lt;/div&gt;&#039;,
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	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
-PTI
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on &#039;Polluters pay Principle&#039; and aimed to reduce the use of personal vehicles.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &amp;quot;exclusively consumed by personalised vehicles and its other uses are limited&amp;quot;.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&amp;quot; the report noted. &amp;quot;It is proposed that an additional 4% of the vehicle&#039;s insured value shall be collected as green cess,&amp;quot; it said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 9 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/govt-panel-proposes-additional-taxes-on-personalised-vehicles/articleshow/12590476.cms&#039;,
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&amp;nbsp;





The recent report...&#039;
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;





The recent report..."/>
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                <strong>Govt panel proposes additional taxes on personalised vehicles</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on 'Polluters pay Principle' and aimed to reduce the use of personal vehicles.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &quot;exclusively consumed by personalised vehicles and its other uses are limited&quot;.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&quot; the report noted. &quot;It is proposed that an additional 4% of the vehicle's insured value shall be collected as green cess,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.</div>               </font>
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-PTI
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<br />
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A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;
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The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&nbsp;
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&quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&quot; it said.&nbsp;
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<div style="text-align: justify">
<br />
</div>
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The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on 'Polluters pay Principle' and aimed to reduce the use of personal vehicles.&nbsp;
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<br />
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The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &quot;exclusively consumed by personalised vehicles and its other uses are limited&quot;.&nbsp;
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&quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&quot; it said.&nbsp;
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<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&quot; the report noted. &quot;It is proposed that an additional 4% of the vehicle's insured value shall be collected as green cess,&quot; it said.&nbsp;
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The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&nbsp;
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The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&nbsp;
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The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;





The recent report...',
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<br />
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<div style="text-align: justify">
-PTI
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&quot; it said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on 'Polluters pay Principle' and aimed to reduce the use of personal vehicles.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &quot;exclusively consumed by personalised vehicles and its other uses are limited&quot;.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&quot; it said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&quot; the report noted. &quot;It is proposed that an additional 4% of the vehicle's insured value shall be collected as green cess,&quot; it said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.
</div>',
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$metaTitle = 'LATEST NEWS UPDATES | Govt panel proposes additional taxes on personalised vehicles'
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-PTI





A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;





The recent report...'
$disp = '<div style="text-align: justify"><br /></div><div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on 'Polluters pay Principle' and aimed to reduce the use of personal vehicles.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is &quot;exclusively consumed by personalised vehicles and its other uses are limited&quot;.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers,&quot; the report noted. &quot;It is proposed that an additional 4% of the vehicle's insured value shall be collected as green cess,&quot; it said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.</div>'
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Govt panel proposes additional taxes on personalised vehicles

-PTI A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.  The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.  The huge investment needs cannot possibly be met only from traditional budgetary sources, the sub-committee, constituted by the Urban Development ministry, said.  "Learning from the global examples, a dedicated urban transport fund has been recommended at the national level as envisaged in (National Urban Transport Policy) or NUTP-2006," it said.  The sub-committee said it had identified some sources of revenue for the creation of the National Urban Transport Fund which were based on 'Polluters pay Principle' and aimed to reduce the use of personal vehicles.  The report suggested imposing a green surcharge of 2 on petrol sold across the country as the fuel is "exclusively consumed by personalised vehicles and its other uses are limited".  "Based on the estimates, this green surcharge on sale of petrol in the country will generate about 3,100 crore in the base year," it said.  The sub-committee in its report also suggested that a green cess on existing personalised vehicles be applied to raise funds for urban infrastructure.  "All vehicles in India are required to be insured every year. There are several enterprises which provide insurance to the vehicles at the rate of 3% of the annual insured value both for car and two-wheelers," the report noted. "It is proposed that an additional 4% of the vehicle's insured value shall be collected as green cess," it said.  The sub-committee estimated that during the first year itself, the total collection from this source for the NUTF could be about 18,000 crore.  The sub-committee also recommended an urban transport tax on purchase of new cars and two-wheelers for which an additional tax of 7.5% and 20% on personalised petrol and diesel vehicles respectively has been proposed.  The government constituted sub-committee claimed these levies would not only help in generating resources for urban transport projects but would also discourage the use of personalised vehicles.