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.
Two Pakistan-based men, including a Pakistani intelligence officer, have also been identified and booked in the case, in which one person was arrested earlier, DGP Dinkar Gupta disclosed on Wednesday.
Reacting to the Samyukt Kisan Morcha's criticism of the remarks he had made on Monday in this regard, he lamented that despite his government's unequivocal support to their cause, the farmers had misinterpreted his appeal and had, instead, tried to link it with the upcoming Assembly polls in the state.
Sample this. According to the All India Rice Exporters' Association, in 2018-19 India exported 951 tonnes but the figure shot up in 2020-21 to touch 33,1571 tonnes.
A fire department officer said that a three-story residential building opposite to Robin cinema in Ghanta Ghar Sabzi Mandi near Malka Ganj in Delhi collapsed and the department received a call regarding it at 12 noon. As soon as the fire department received a call, seven fire tenders were rushed to the spot for rescue operations.
Calling the Congress as the only party who protested against these 'black' laws from the very first day, the Chief Minister said his government called an all-party meeting and then held consultations with farm unions.
The highly specialised medical services to be rolled out across the state by end November will prove to be a boon for people, especially the poor for whom expert private sector medical care is out of reach, he said.
