NITI Aayog proposes fee in proportion to quantity of waste to be disposed off
Government think tank Niti Aayog has suggested imposing a waste collection fee from a generator in proportion to the total quantity of waste being disposed off.
Government think tank Niti Aayog has suggested imposing a waste collection fee from a generator in proportion to the total quantity of waste being disposed off.
The Aayog further suggested that wet waste can be disposed of by in-situ composting, and dry waste through sale to the local raddiwala.
"This intervention entails a waste collection fee from the waste generator in proportion to the total quantity of waste being disposed. Waste generators will be incentivized to segregate, treat and dispose-off waste at source, leaving a smaller amount to be handed over to the municipal system," it said.
The suggestions are part of the fiscal incentives and disincentives proposed by the Aayog to encourage source segregation as India grapples with the surge in waste generation which is expected to increase three-fold by 2050.
India generates about 49.8 million tonnes of solid waste annually. World over annual waste generation estimates are pegged at almost 2 billion tonnes, and are expected to grow to 3.4 billion tonnes, an increase of 70 per cent by 2050.
The Aayog suggested that use of waste can be incentivized by developing innovative waste-based technologies and products, and linking waste utilisation to fiscal or other benefits.
See Zee Business Live TV Streaming Below:
"Benefits may be in the form of relief in house tax, water tax or property registration tax, or fast tracking of mandatory permissions," it said.
According to the Aayog, a green public procurement policy can be a powerful catalyst for promotion of recyclables as government is one of the largest procurers of products.
"Mandatory or preferential procurement of products that have recycled waste content above a prescribed threshold may be considered for adoption," it said.
The Aayog pointed out that policy initiatives like the National Policy on Biofuels prescribes a 20 per cent blending mandate for biofuels with fossil-based fuels by 2025.
"A similar end-of-pipeline target, in the form of a minimum percentage of recycled material content in identified products, has potential for strengthening the market case for utilisation of segregated waste, thereby incentivising source segregation," it said.
The Aayog suggested that private operators of landfills should be incentivized to minimize landfill dumping if the duration of their landfill operation permit is determined by airspace available in the landfill, and not on number of years of operation.
The Aayog noted that countries like India that fall in the world's fastest growing regions of South-Asia and SubSaharan Africa, are projected to witness a much higher, three-fold rise in waste generation by 2050.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
04:30 PM IST