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 statement reads: "The opposition parties stand firm and united on their demand for a discussion on the Pegasus issue in both the Houses, replied to by the Home Minister, as this has national security dimensions."
Patra condemned the recent incident in which a nine-year-old Dalit girl was allegedly gang-raped, murdered and then cremated by her attackers in South West Delhi on Sunday evening.
Despite mobile phones are prohibited inside a meeting room where prisoners meet with the visitors, this incident has brought forth the lapses on the part of the jail administration.
In a bid to highlight the rising air pollution as well as the serious health hazards faced by the people, a group of organisations, think tanks and civil society groups have joined hands to form 'Clean Air Punjab'.
Few hours after Prime Minister Narendra Modi spoke to West Bengal Chief Minister Mamata Banerjee on the flood situation in the state, the latter wrote a letter to the Prime Minister, describing the flood as a ‘man made one', alleging that the "unprecedented release of water from the Damodar Valley Corporation (DVC) dams Panchet, Maithon and Tenughat" is responsible for the situation.
The incident took place on Sunday night and the victim's family members have alleged that the accused stuffed cloth into the girl's mouth and raped her.
