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.
After Taliban took over Kabul on August 15, Afghanistan has plunged into a big humanitarian crisis. Pakistan is perceived as having played a major role in bringing the Taliban back to power. As evacuation of foreign nationals winds down, a US missile defence system intercepted rockets fired towards the Kabul international airport.
Adityanath visited the families of those who lost their members and assured them of help. The Chief Minister also visited the 100-bed district hospital at Firozabad where children showing symptoms of the disease are being treated.
The Punjab Chief Minister reminded Khattar and his deputy Dushyant Chautala that the farmers who were protesting against the Bharatiya Janata Party (BJP) meeting in Karnal when the police baton charged them belonged to Haryana and not Punjab.
A video had gone viral of the SDM shouting out instructions to policemen to use force to stop the protesting farmers. Khattar had told a press conference that the officer's "choice of words was not correct" but said, "if any action has to be taken (against the officer), it would first have to be assessed by the district administration."
Speaking at a party function in Amritsar city, Sidhu said "if he is allowed to work according to his own policy of hope and faith, he will ensure Congress rule in the state for 20 years".
Of them, 2,35,768 challans were issued to those not wearing a mask, 28,539 to those found violating social distancing norms, 1,415 for consumption of liquor, pan, gutka, etc, 1463 for holding large public gatherings or congregations and 1,460 for spitting, the data showed.
