What are the implications of reducing GST on flex-fuel vehicles to 12% as suggested by Nitin Gadkari

1. Encourages eco-friendly vehicles: Reducing GST on flex-fuel vehicles to 12% would make these vehicles more affordable, incentivizing consumers to opt for greener transportation options. 2. Promotes energy security: Flex-fuel vehicles can run on a blend of ethanol and petrol, reducing dependency on fossil fuels and promoting energy security. 3. Boosts agricultural economy: Increased demand for ethanol as a fuel source can benefit the agriculture sector by providing a market for surplus crops used in ethanol production. 4. Supports government policies: Aligns with the government's goal of promoting sustainable and alternative fuel technologies to reduce emissions and combat climate change. 5. Stimulates the automotive industry: Lowering GST on flex-fuel vehicles could stimulate production, sales, and innovation in the automotive industry geared towards greener technologies.