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Mumbai. Union transport minister Nitin Gadkari's warning that the companies should reduce the production of diesel vehicles, otherwise 10 percent additional GST will be imposed on diesel engines by the center made a rampage in the circle, forcing him to issue an explanation. By dismissing the reports, Nitin Gadkari cleared that no such proposal is currently under consideration by the government. Meanwhile, after the news of Nitin Gadkari went viral, it was seen that its impact fell on the Indian stock market as well as the shares of automobile companies in the Indian stock market had collapsed. Shares of Mahindra & Mahindra, Tata Motors, Ashok Leyland, Eicher saw a big decline.
What did Nitin Gadkari say ?
Speaking at the 63rd Society of Indian Automobile Manufacturers event in Delhi, a statement by Minister Nitin Gadkari went viral on social media. Nitin Gadkari is said to have informed Finance Minister Nirmala Sitharaman that he would personally meet and write a letter to Finance Minister Nirmala Sitharaman recommending an additional 10 percent GST on diesel engines if automobile companies do not reduce their use of diesel engines on their own. Also, it was said that the additional GST will be levied in the form of pollution tax and along with the request to the industries to reduce the production of diesel vehicles, if they do not do so, it was said that Gadkari has also warned that the center will levy an additional GST of 10 percent on diesel engines. But, Nitin Gadkari has now explained his viral statement. He has made a tweet in this regard.
What did he explain ?
Roads and Transport Minister Nitin Gadkari in his tweet said, "There is an urgent need for clarification on media reports of revision of 10 percent additional GST on sale of diesel vehicles. No such proposal has been made by the government at present. To achieve carbon net zero by 2070 and due to hazardous fuels like diesel Active adoption of clean and green alternative fuels is imperative to reduce the level of air pollution, as well as our commitment to accelerate the growth of automobile sales. Hence, it is essential to reduce hazardous pollution and provide environmentally friendly alternative fuels. Also, these fuels are cheaper, and environmentally friendly. must be."
