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.
Congress chief spokesperson, Randeep Surjewala said in a statement, "The Khattar government has lost the confidence and the mandate of the people and it should leave. When your party can talk to the Taliban, why not farmers."
Researchers from National Centre for Disease Control, Delhi, under the Ministry of Health; CSIR Institute of Genomics and Integrative Biology, Delhi, and University of Cambridge in the UK examined how the Delta variant was able to evade the immune response.
Senior Superintendent of Police Swapan Sharma told the media that Babbi was in touch with the members of the Ajaib Khan gang lodged in a Sangrur jail with whom he had hatched a conspiracy to eliminate rival gangsters Mani Sheron and Feteh Nagri.
Prabhjot Singh Katri was found murdered early on Sunday morning near his residence in the city of Truro in Nova Scotia. The victim came to Canada from India in 2017 for higher studies. After finishing his studies, he was on a work visa and was driving a cab to earn his livelihood.
Demanding a law to ensure cost based remunerative price for farmers' produce, the RSS affiliate Bharatiya Kisan Sangh (BKS) will hold nationwide demonstrations on Wednesday (September 8). The BKS said that the government should give remunerative price to farmers or explain that their demand is wrong.
The joint call to action comes from non-attainment cities like Ludhiana, Amritsar, Khanna, Patiala and others reeling under poor air quality, and not just during winters.
