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 farmers have been on agitation since August 20 by blocking the Delhi-Amritsar national highway near Jalandhar, along with the rail tracks, over their demand for raising the SAP of sugarcane. They have already rejected the hike of Rs 15 per quintal announced by the government last week.
Indian defence forces have employed the best equipment available in the country to locate the wreckage, which includes remotely operated underwater vehicles, handheld navigation system with sonar, side scanner sonar with echo sensor and portable transducer, divers propulsion vehicle, multi-beam sonar and submarine rescue unit of the India Navy, an official statement said.
The convicts are Shaik Showkath, 35, Mohd Khalid, 22, Mohd Afroz, 20, Abdul Salman Khan, 20, Shaik Salman, 22, and Mujahid Khan, 20. They are all residents of New Hafeezpet, Serilingampally Mandal, Ranga Reddy district.
A Northern Railway spokesperson said that due to farmers agitation in Ferozpur division of Punjab, it has cancelled 68 train including two Vande Bharat and Rajdhani each, four Shatabdi Express, one Duranto, and two Janshatabdi Express trains.
According to police, the robbers, coming out of the Amruth Gold and Silver shop after the crime, saw Chandru approach and opened fire at him, fearing he may try to apprehend them or alert the public. One of the bullets hit Chandru on the head and he died on the spot.
The Vigilance Bureau arrested Saini, who retired in June 2018, for cheating, forgery and other offences under provisions of the Prevention of Corruption Act on Wednesday.
