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Centre suggests states to offer up to 25% road tax rebate
Vehicle scrappage policy: The policy proposes road tax on personal vehicles be slashed by up to 25% and up to 15% for commercial vehicles.
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Vehicle scrappage policy: Insufficient incentive unlikely to trigger replacement, says analyst
A vehicle owner can usually get scrap value of about 2-3% of vehicle price in the market and hence the incremental incentive from the policy appears m
