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.
Punjab Congress President Navjot Singh Sidhu on Friday proceeded on indefinite fast in support of his demand for action against Ashish Mishra, the son of Union Minister Ajay Mishra and main accused in Sunday's violence in which nine persons, including four farmers, were killed.
Following a tipoff, the DRI sleuths swooped on the port on October 4 and detected the huge narcotics contraband, valued at Rs 125 crore, among boxes of a cooking oil container arriving from Iran and are now probing the possibility of a bigger drug smuggling racket with international ramifications for India and other countries.
A total of 27.6 per cent of the respondents are 'satisfied to some extent', while 6.1 per cent chose the 'can't say/don't know' category. In the 'very much satisfied' category, Uttar Pradesh tops the list at 40.3 per cent, followed by Uttarakhand at 34.8 per cent, Manipur at 33 per cent, Goa at 18.8 per cent and Punjab at 14.4 per cent.
The UK travel advisory had made 10-day quarantine mandatory for Indian travellers, who have received both doses of Covishield manufactured by the Serum Institute of India (SII).
The leaders have been demanding the arrest of Union Minister Ajay Kumar Mishra's son Ashish Mishra in connection with the death of farmers during the violence. Sidhu threatened to go on hunger strike if action is not taken against the minister's son by Friday.
The ministry said that all due protocols and norms relating to Covid-19, as notified by the Union Health Ministry from time to time, shall be adhered to by the foreign tourists, the carriers bringing them to India and all other stakeholders at the landing stations.
