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 deceased were identified as Rinki Kumari, Karisma Kumari, Lado Kumari and their aunt Sonam Devi. All of them were residents of Baratandi village. Another minor girl named Vibha Kumari is battling for her life in RIMS Pawapuri.
The BJP government under the leadership of Prime Minister Narendra Modi has not allowed a single terrorist act to take place except for a few incidents at the border. The policy is zero tolerance to terrorism. The government has never let down the morale of soldiers and armed forces in the last 7 years, Joshi explained.
Addressing the media here to launch the party's campaign 'Gall Punjab Di', the SAD chief said he would hold 700 public meetings and address each and every section of the society during his 100-day yatra during the course of which SAD workers would go to each and every village and ward in the state.
Amidst the deteriorating situation in Afghanistan, the Indian government decided to recall all embassy personnel from Kabul and they were evacuated by an Indian Air Force C-17 aircraft on Tuesday. The IAF aircraft brought back 120 Indian officials, including the last batch of the Indian embassy staff and ITBP personnel, from the Kabul airport.
Newly-appointed Punjab Congress chief Navjot Singh Sidhu on Monday appointed Jalandhar Cantt MLA and his close confidant Pargat Singh as the new general secretary of Punjab Congress ahead of the Assembly elections in the state scheduled next year.
The police immediately rushed the duo to Ram Manohar Lohia hospital for treatment. The two have not been identified so far, and Delhi Police are probing the matter to ascertain the reason behind their action.
