New Delhi 28/NOV/2014: The Union Road and Transport Ministry is all set to bring major changes in the country\'s transport system. Union Minister Nitin Gadkari said that he is aiming at utilising bio-fuels for the running of vehicles, adding that the Centre will formulate new road laws which are in line with standards set in US and UK.
\"Inland waterways is an important sector, we are going to construct inland waterways, for which we need bugdetary support. At the same time, we are going to change this Motor Vehicle Act. We are introducing new buses on the basis of bio fuels, bio diesel and bio gas,\" said Gadkari in an exclusive interview to CNBC TV18. He added that the Transport Ministry would request Finance Minister Arun Jaitley to cut down taxes on the vehicles running on bio-fuels.
\"I am going to request the Finance Minister to give exemption of all the taxes. The buses which are running on the basis of bio fuels will reduce pollution. All electric vehicles, vehicles on bio gas, bio diesel and ethanol.. we want to encourage them. It is a new technology. For this purpose, we want to give them concession. All are new inventions. We need to make some capital investments in it. We have to reduce the cost as these are going to reduce the pollution in this country,\" Gadkari noted.