Close X
Thursday, November 14, 2024
ADVT 
India

Punjab Finance Minister bats for cooperative federalism, structural reforms

Darpan News Desk IANS, 12 Nov, 2024 05:12 PM
  • Punjab Finance Minister bats for cooperative federalism, structural reforms

Chandigarh, Nov 12 (IANS) Punjab Finance Minister Harpal Cheema on Tuesday stressed the importance of cooperative federalism and structural reforms by the Union government.

Speaking at the opening session of Punjab Vision: 2047 conclave organised by the World Punjabi Organization here, Cheema said the nation can only achieve its development goals for 2047, “if all states progress together on the path of growth trajectory”.

Cheema said India will celebrate 100 years of independence in 2047 and the government of India must devise solutions that ensure no state is left behind in this journey. He focused on reforms in Goods and Services Tax (GST), agriculture, environment and industrial policies, etc., while highlighting the significant revenue losses faced by states due to the current GST regime.

He pointed out that the GST system, being destination and consumer-based, has led to a substantial revenue loss for Punjab. He said after implementing the GST system, the state's purchase tax was subsumed in the GST, resulting in an estimated annual revenue loss of Rs 5,000-7,000 crore.

The Finance Minister praised the Punjab Vision: 2047 initiative, stating that the discussions and insights from the conclave would help draft policies ensuring the state's overall development.

He highlighted the Punjab government's proactive measures, including the industrial development policy, adventure tourism policy, water tourism policy, biofuels policy, etc., which were implemented to bring about the much-needed regulatory framework aimed at the promotion of these sectors.

In his speech, Member of Parliament Raghav Chadha outlined a roadmap for Punjab in 2047, marking the 100th anniversary of India's independence. He envisaged a future where Punjab emerges as a leader in sustainable agriculture, economic diversification, education, green energy, infrastructure, and social equality.

Earlier, Member of Parliament Vikramjit Singh Sahney set the tone for the conclave, emphasising its role as a catalyst for collaborative dialogue and in-depth discussions. He said this two-day conclave's objective is to create a platform where diverse perspectives converge to shape Punjab's future.

Panjab University Vice-Chancellor Renu Vig emphasised the pivotal role of educational institutions, particularly higher education, in driving the state’s development.

She also shed light on the pressing issue of young Punjabis migrating to other states or countries due to various factors.

 

MORE India ARTICLES

Punjab Police held two shooters backed by foreign handlers from Lucknow

Punjab Police held two shooters backed by foreign handlers from Lucknow
The arrested accused identified as Bikramjit, alias Vicky, of Sur Singh village in Tarn Taran and Punjab Singh of Sandhra village in Tarn Taran, were residing in the same rented accommodation provided by their foreign handlers in Lucknow.

Punjab Police held two shooters backed by foreign handlers from Lucknow

12 persons die, 35 injured in Rajasthan bus accident

12 persons die, 35 injured in Rajasthan bus accident
Officials said that the bus failed to take a proper turn due to high speed and collided with a culvert due to which its front part was completely smashed. Out of 35 injured, seven people are critically injured and have been referred to Jaipur for medical treatment while others are undergoing treatment in Sikar and Laxmangarh hospitals.

12 persons die, 35 injured in Rajasthan bus accident

Petroleum Minister Hardeep Puri hails OMCs' moves aimed at reducing fuel prices

Petroleum Minister Hardeep Puri hails OMCs' moves aimed at reducing fuel prices
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday welcomed the key announcements made by the Oil Manufacturing Companies (OMCs) aimed at reducing the prices of petrol and diesel to benefit the consumers residing in the far-flung and remote areas of the country.

Petroleum Minister Hardeep Puri hails OMCs' moves aimed at reducing fuel prices

India accounts for 26 pc of global TB burden, the highest: WHO

India accounts for 26 pc of global TB burden, the highest: WHO
The Global Tuberculosis Report 2024 showed that India is the highest among the 30 high-burden countries -- Indonesia (10 per cent), China (6.8 per cent), the Philippines (6.8 per cent) and Pakistan (6.3 per cent) -- which together accounted for 56 per cent of the global TB burden.

India accounts for 26 pc of global TB burden, the highest: WHO

RG Kar case: Legal notice filed against junior doctor over ‘notorious criminal’ remarks

RG Kar case: Legal notice filed against junior doctor over ‘notorious criminal’ remarks
When the Chief Minister, at the meeting, questioned how the college council of R.G. Kar could suspend so many doctors without the consent of the state health department, Mahato countered her and said that the disciplinary committee suspended these doctors after a proper and thorough investigation.

RG Kar case: Legal notice filed against junior doctor over ‘notorious criminal’ remarks

Farmers in Punjab block highways in protest against ‘tardy’ paddy procurement

Farmers in Punjab block highways in protest against ‘tardy’ paddy procurement
Activists of the Samyukta Kisan Morcha (SKM), a farmer outfit, on Friday blocked roads across Punjab for four hours to protest the tardy paddy procurement, leading to traffic disruptions and inconvenience to tens of thousands of commuters at many places. However, there was no report of violence from anywhere in both the state.

Farmers in Punjab block highways in protest against ‘tardy’ paddy procurement