
MIC Electronics Secures Rs 111 Million Railway Display Order
MIC Electronics Limited has received a Letter of Acceptance from the Pandit Deen Dayal Upadhyaya (DDU) railway division under the East Central Railway Zone for the provision of Electronic Coach Indication Boards (CIB), fare display systems, and additional amenities such as a video wall.The contract, valued at approximately Rs 111.5 million, involves installation at Platform No. 7 at DDU station, including fare display boards for UTS/PRS counters. The project is scheduled for completion within six months from the date of the order, 2 June 2025.In addition, MIC Electronics has secured a Rs 60 mi..

Bihar Slashes ATF VAT to 4% to Boost Aviation
In a major push to strengthen air connectivity and attract airline operations, the Bihar government has reduced the value-added tax (VAT) on aviation turbine fuel (ATF) from 29 per cent to 4 per cent. The announcement, made by Deputy Chief Minister Samrat Choudhary on 3 June, brings the state in line with others promoting aviation-led growth.The revised VAT rate, previously applicable only at Gaya Airport, will now extend to all operational airports in Bihar, including Patna. However, flights operating under the Regional Connectivity Scheme (RCS) will continue to enjoy a 1 per cent VAT rate.Ch..

VinFast's Rs 16 Billion EV Plant Not Eligible for Incentives
Vietnam-based electric vehicle (EV) maker VinFast’s Rs 160 billion (USD 2 billion) investment in Tamil Nadu will not qualify for benefits under India’s recently launched Scheme to Promote Manufacturing of Electric Passenger Cars, officials confirmed on Monday.The government clarified that to be eligible for incentives, investments must be capitalised only after formal approval under the scheme. Existing capital expenditures—such as VinFast’s ongoing work in Thoothukudi—do not meet the criteria, as the equipment and machinery must be put to use post-approval.“They have already capit..