Leg up for ailing auto industry

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August 23, 2019 18:14

Boost for the auto industry:

-- Finance minister says depreciation rate hiked on vehicles purchased till March 2020 to 15 per cent.

-- Govt lifts bans on purchase of new vehicles for govt departments.

-- Euro IV-compliant vehicles purchased till March 2020 to remain operational till registration lasts.

-- Government to consider measures including scrappage policy for auto sector.

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