The tax rate on used car transactions has been reduced to 18 percent for large cars and SUVs, and 12 percent for small vehicles, from 28 percent for both categories earlier.
The security forces on Wednesday foiled an infiltration bid from Pakistan in Jammu and Kashmir's Machhil sector and killed at least three terrorists in a pre-drawn border shootout.
According to ANI, a search operation is currently underway after the security forces killed three terrorists and foiled an infiltration bid in the Machhil sector. Three terrorists killed as security forces foiled an infiltration bid in Machhil sector.
The Army spokesperson further said that the terrorists opened fire, triggering a shootout that led to the death of the three terrorists. A massive search operation is currently underway around the shootout site on the LoC in north Kashmir, the spokesperson said.
In a related development, a group of heavily-armed terrorists had attacked an army camp in Jammu and Kashmir's Bandipora district on Tuesday after which a massive search operation was launched to nab them.
The camp of 13 Rashtriya Rifles RR in Hajin area of Bandipora was targeted by the terrorists on Tuesday evening, triggering a heavy gunfight. Hajin police station was also attacked, some reports claimed.
Army retaliated to the firing from the terrorists and the gunfight lasted for some time, a police officer was quoted as saying by IANS. The fire was retaliated "heavily and effectively", a senior police officer said, adding that it was not a suicide attack.
According to news agency ANI, at least four to six terrorists had stormed the Army camp from two sides. The terrorists reportedly fired around eight rounds using Underbarrel Grenade Launcher towards army and police personnel.
Following the attack, the entire area was cordoned off and combing operations were launched.The automotive industry in India is one of the largest in the world with an annual production of million vehicles in FY (fiscal year) –16, following a growth of per cent over the last year.
The automobile industry accounts for per cent of the country's gross domestic product (GDP). The Two Wheelers segment, with 81 per cent market share, is the leader of the Indian. The Western India Automobile Association is the largest Automobile Association in South Asia. It has grown from strength of members - all Englishmen - to with over 1,10, members today and the scope of its activities extends to cover major cities in Western India.
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Over the last couple of decades India has been the epicenter of consumer demand fuelled by a phenomenal GDP growth. While demand increased across all sectors, demand for high technology products, specifically electronic products has registered significant growth and going by current estimates, the demand for electronics hardware in the country is projected to increase from USD 45 billion in.
The Western India Automobile Association is the largest Automobile Association in South Asia. It has grown from strength of members - all Englishmen - to with over 1,10, members today and the scope of its activities extends to cover major cities in Western India.
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