Punjab exempts 1.50 lakh cases of traders from assessment
Darpan News Desk IANS, 01 Dec, 2021 01:01 PM
Chandigarh, Dec 1 (IANS) In a major reprieve to traders ahead of the assembly polls, the Punjab Cabinet on Wednesday decided to exempt about 1.50 lakh cases from assessment related to cases of 'C' form from 2014-15 to 2017-18.
Resultantly, about 8,500 such cases would now be assessed under this category every year. This trader-friendly decision would cost Rs 200 crore to the state exchequer, an official statement said.
To further boost trade and economic activity, the Cabinet meeting, chaired by Chief Minister Charanjit Channi, here also gave approval to exempt the traders from making payment of 70 per cent of the excess demand and now they would be only required to deposit 30 per cent of the surplus demand.
This decision would cost the state exchequer to Rs 940 crore. Subsequently, they would now be required to deposit the amount i.e. 20 of the 30 per cent portion of the additional demand by March 31, 2022, and the remaining 80 per cent by March 31, 2023.
Notably, the state has taken these significant decisions to facilitate traders in the wake of the recent Covid-19 pandemic.
Although it has been nearly four and a half years since the end of the VAT regime, there was still a heavy burden of VAT assessment on the traders coupled with difficulties in providing C-forms, etc., to them.
The Cabinet also approved One-Time Settlement Policy -- 2021 for Punjab State Industrial Development Corp Ltd, Punjab Financial Corp and Punjab Agro Industries Corp for settlement of dues.
The new policy will help resolving long-pending litigation and settlement between the corporations and the private investors, besides creating a more business-friendly environment in the state, said the statement.
It also approved up-gradation of Gharuan (Mohali), Rajasansi (Amritsar) and Dorangla (Gurdaspur) as sub-tehsils.
It gave ex-post facto approval for providing financial assistance of Rs 50 lakh each to the tune of total Rs 2 crore already paid by the state government to the families or legal heirs of the four farmers and one journalist who died in an incident in Lakhimpur Kheri in Uttar Pradesh in October this year, from the Chief Minister Relief Fund.
The Cabinet also accorded approval for implementation of the Chief Minister Scholarship Scheme in Higher Education for government colleges.
It would help the poor students particularly of the general category, besides helping further improving the gross enrollment ratio in higher education which is very low at present.
The scheme would involve an annual financial implication of Rs 36.05 crore.
The meeting lasted over half an hour and it is understood that Mishra might have made his position clear in the Lakhimpur Kheri violence case. Earlier, he went to his office in the North Block and stayed there for a while.
NCP national spokesperson and Maharashtra Minorities Affairs Minister Nawab Malik slammed the "fraud" NCB operations,in which BJP leader Manish Bhanushali and "private detective" Kiran P. Gosavi were seen dragging out the accused. including superstar Shah Rukh Khan's son Aryan Khan and Arbaaz Merchant.
In a statement here, he said the worst has started coming true as the Taliban have started showing their true colours by way of complete intolerance towards the minorities leading to their intimidation and destruction of their religious places.
Rahul Gandhi, Priyanka Gandhi and other leaders met the family of deceased farmer Lovepreet at the Chaukhada farm in Palia at around 9 p.m. on Wednesday. They later met the family of journalist Raman Kashyap, who was also killed in violence.
9 persons, including four farmers, were killed in the violence that had erupted during a farmers' protest in Lakhimpur Kheri. A bench headed by Chief Justice N.V. Ramana and comprising justices Surya Kant and Hima Kohli will hear the matter on Thursday. The matter has been listed as 'violence in Lakhimpur Kheri (UP) leading to loss of life'.
Canadian MP Tim S. Uppal said he was shocked to learn about the brazen attack on protesting farmers. Another Canadian MP Ruby Sahota said she was heartbroken to learn about the violence directed at protesting farmers.
