Blog for Stock tips, Equity tips, Commodity tips, Forex tips:

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

Govt's electric vehicle push: One-day registration, registration fee waiver being explored

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

The government is exploring various options that could form part of its proposed policy on electric mobility to popularize the use of these vehicles and promote their local manufacturing, according to a senior official involved in decision-making.

One of the ways it is looking at is immediate registration of the vehicle and waiver of the registration fee. It is also working on framing policy for a national intelligent transportation system in the country.

A Cabinet note for inter-ministerial discussion on the proposed guidelines in the policy has been circulated by Niti Aayog, the official said.

“The proposed policy envisages that the vehicle buyer will get a registered vehicle immediately from the time he gets the possession,” he said. The same process currently takes two to four days.

The policy is also likely to suggest waiver of registration fees. Registration fee is a state subject and not part of Goods and Services Tax. Expectedly, it varies from state to state. It is usually levied as a percentage of the ex-showroom price of the vehicle. Diesel vehicles attract a higher registration charge for two reasons -- their factory price is anyway higher and the states otherwise also charge a higher percentage of registration charge on them.

Typically, petrol cars costing below a certain threshold attract the least registration tax. The rates can vary from 4% to 15%.

In line with the government’s ‘Make in India’ policy and to encourage local manufacturing of electric vehicles and development of ancillary industry, the government may also tax royalty payments by Indian companies to their foreign partners.

Asked if the tax on royalty payments wasn’t going to discourage technology transfer and ensure that critical components like the battery continued to be imported, the official replied in the negative.