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 comes in wake of some "rebel" MLAs seeking time from Sonia Gandhi to press for removal of Chief Minister Amarinder Singh, even as state chief Navjot Singh Sidhu is not letting up on attacks against the Chief Minister.
Aimed at better future planning and growth, keeping in tune with climate adaptation, mitigation and resilience, the Municipal Corporation of Greater Mumbai (MCGM) is developing the Climate Action Plan to be completed after public consultation in two months' time.
In line with this strategy Priyanka Gandhi Vadra on Thursday attacked the state government on the farmers' issue and said that 'the electricity rates for the farmers have increased many times, diesel rates have hiked over 100 times but there has been no increase in the rates of sugarcane'.
Indian World Forum President Puneet Singh has appealed to the Taliban to facilitate an early departure of the Afghan Hindu and Sikh pilgrims in the interest of humanity.
The victim, who was identified as Sandeep Bhati, was in his Hyundai Verna along with three friends when the incident took place around 5 a.m., according to the police. He is learnt to be critical and undergoing treatment in a private hospital in Noida.
Sportspersons performing well in the Olympics, Asian Games and Commonwealth Games, as well as World Cup tournaments, will be recruited in various departments under the sports quota, following amendment to Rule 3 of the Punjab Recruitment of Sportsmen Rules, 1988, through insertion of Rule 3-A.
