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iness News,New to the Internet CHANDIGARH: In a bid to cater much needed relief to the people of the state, the Cabinet today accepted to annihilate octroi aboard Petrol plus Diesel in Punjab. A decision to this attain was taken in a meeting of Council of Ministers held underneath the Chairmanship of Punjab Chief Minister Mr. Parkash Singh Badal here by Punjab Bhawan this evening. Disclosing this here today, a spokesperson of the Chief Minister’s Office said that the Cabinet likewise gave nod as the requisite amendments amid the Punjab Municipal Act, 1911,Jordan 6 7 Gold Medal Pack, Punjab Municipal Corporation Act, 1976 plus Punjab Municipal Fund Act,Jordan Retro 7, 2006. The state administration would issue required Ordinances among this regard immediately. It may be recalled that the state Government had already annihilated octroi aboard all items besides electricity,gasoline and diesel with effect from first September, 2006. However, the levy of octroi of petrol plus diesel is adversely affecting the bargain of these productions within urban districts of the state, which are adjacent to other states,for the rate of these products in the neighbouring states namely much fewer Therefore there is a absence to annihilate octroi aboard petrol plus diesel which is currently charged by the rate of 1 percentage and two percentage aboard diesel. Hence the amendment to the Punjab Municipal Act, 1911 has been proposed The state administration would compensate the Local Govt.department onward enhancing the share of Local Bodies amid the VAT from existing 10 percentage to 11 percentage which would offset the revenue loss following the abolition of octroi. . To enable the panchayats to give ashore to administration departments boards plus corporations as implementation of projects of public importance, the Cabinet likewise decided to clear the condition on the panchayat retaining 50% of the cultivable on easily with it after sale,reward alternatively commute as provided under Section 5 of the Punjab Village Common Lands (Regulation) Act, 1961. The state administration would soon issue Ordinance within this regard then emulating due allowable program In again significant decision, the Cabinet likewise determined that not elderly official of the state administration besides the PCS would be re-employed in any form among future.as more detail peruse punjabnewsline.com
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