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.
Delhi Police's Economic Offences Wing (EOW) on Wednesday said that it has arrested Raj Kumar Khatri, a suave cheat who duped a Canadian citizen of crores of rupees by passing himself as the owner of an upcoming five star hotel.
At least two mobile phone accounts used by Rahul Gandhi were among the 300 verified Indian numbers listed as potential targets by an official Indian client of the Israeli surveillance technology vendor, NSO Group, The Wire has reported.
While Akali Dal boycotted the meeting on the issue of farmers protest against the three farm laws, the Congress said that all the MPs should have been briefed and not only the floor leaders.
According to data shared by South Delhi Municipal Corporation (SDMC), which is the nodal agency in this regard, from January 1 to July 17 this year, 40 cases of dengue have been registered.
"In light of rumours that the Mumbai Airport HQ will be moving to Ahmedabad, we unambiguously state that MIAL and NMIAL airports will remain headquarters in Mumbai," the Adani Group said in a statement.
Even as the farmers continue their protest at the borders of Delhi against the three Central farm laws, the government has reiterated its stand that it is "always open to discussion with farmers' unions and will remain open to discussion with the agitating farmers to resolve the issue".
