India is a country with absolute imbalance as far as policies and regulations go. Earlier this year, the Indian Government abruptly increased excise duty on cars by 2-5%. This increase came at a time when the automobile sector was already facing a slow down. Soon later, one of the states increased local taxes and registration charges. Now to make matters worse, the Supreme Court (the highest judicial forum of India) has abruptly banned all kinds of sun control films on cars (with effect from 19th May 2012). (Read More…)
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