CURRENT AFFAIRS

Detailed explanation-1: -New Delhi: The finance ministry has directed all ministries and departments to scrap all 15-year-old vehicles that have become unserviceable.

Detailed explanation-2: -Analysis of States Budgets. Coordination work relating to States Market Borrowings and Guarantees. Coordination with RBI in connection with RBI Committees, Finance Secretaries meetings. Issue of Consent under Article 293 (3) for raising loans by the State Governments as providing in Annual Plans.

Detailed explanation-3: -The draft notification of the policy was issued in November. Any vehicle which is 15 or more years old, owned by governments, in the centre or state, Union Territories, public sector undertakings, municipal bodies or any organisation owned or controlled by the government, will have to retire, the new rule states.

Detailed explanation-4: -Private vehicles older than 20 years will be deregistered from June 1, 2024, if they fail the fitness test or their registration certificate is not renewed. Heavy commercial vehicles older than 15 years will be deregistered from April 1, 2023.