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flag India's government lets market, not officials, set prices for vehicle scrapping.

flag Union Minister Nitin Gadkari announced that market forces, not the government, will determine the price for scrapping vehicles. flag Private entities called RVSF units will set the price based on vehicle condition. flag The government offers incentives like waived registration fees and tax concessions on new vehicles. flag The policy also promotes electric vehicles and ensures environmentally friendly disposal of scrapped parts.

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