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 arrested man has been identified as Yudhvir Singh of Jandiala Guru in Amritsar. He was a proclaimed offender and wanted in various NDPS cases. The police also recovered a high-end car from the accused.
In a major decision to regularise the services of nearly 36,000 employees ahead of the Assembly elections, the Punjab Cabinet on Tuesday approved the Punjab Protection and Regularisation of Contractual Employees Bill, 2021 to be introduced in the forthcoming Vidhan Sabha session for enactment.
The Punjab Cabinet on Tuesday accepted the resignation of Advocate General A.P.S. Deol -- a decision that is seen in political circles as lessening the "friction" between Chief Minister Charanjit Channi and Congress state chief Navjot Sidhu.
To curb air pollution emitting from open fires in the national capital, Delhi Environment Minister Gopal Rai on Tuesday announced to launch an anti-open burning campaign under which 550 teams from various departments will be deployed in the city to keep a check on burning in open spaces.
A two-time councilor from Jhilmil ward and an MLA from Shahdara, Shunty has been running the foundation since 25 years which provides free ambulance services for the poor.
Randhawa in a statement here said the former Chief Minister, who also held the Home Portfolio, had then ordered the reinstatement of the police officer while withholding just one increment despite the then Additional Chief Secretary, Home, not writing in favour of the officer.
