Observations, deductions and feelings fueled by tequila, tea and tobacco

Posts Tagged ‘Environment’

Need for an Indian cash-for-clunkers

In Economics, Observations, Deductions and Feelings on August 6, 2009 at 03:43
Cal strike due to Old Car Ban

(AP Photograph)

Earlier today I read a few articles on the hugely popular cash-for-clunkers schemes in Europe and US (mostly on Economist, WSJ and Huntington Post), and started thinking about its relevance for India.

With the government and courts strongly pushing for phasing out of old vehicles, why doesn’t the government work out an incentive scheme to back its stick up with a carrot.

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