Business

Punjab cabinet approved reduction in interest on enhancement from allottees | Punjab Government approves reduction in interest on additional amount taken from allottees

Photo: PTI

Punjab Government approves reduction in interest on additional amount taken from allottees

CHANDIGARH: The Punjab government on Sunday approved deduction of interest on the additional amount recovered from the allottees of Development Authority Improvement Trust. In the cabinet meeting chaired by Chief Minister Charanjit Singh Channi, it was decided to reduce the interest rate on the additional amount to be recovered from 15 percent to 7.5 percent.

Addressing the media, Channi said that land owners usually approach the courts for enhancement of compensation for land acquired by state-owned development authorities for setting up residential colonies. According to a spokesperson of the Chief Minister’s Office, this decision will benefit about 40,000 families under various schemes of the reform trust.

punjab government reduced the prices of petrol and diesel

Days after the central government cut excise duty on fuel, the Congress-led government in Punjab has reduced Value Added Tax (VAT) on petrol and diesel in the state, raising their prices by Rs 10 per liter and Rs 5 per liter respectively. There will be a reduction of up to Rs. The new rates of petrol and diesel will be applicable from midnight. Petrol in Punjab is currently priced at Rs 106.20 per liter and diesel at Rs 89.83 per liter.

The decision to reduce VAT on fuel was taken in a cabinet meeting chaired by Punjab Chief Minister Charanjit Singh Channi. “We are reducing the price of petrol by Rs 10 per liter and diesel by Rs 5 per liter from midnight,” Channi said.

He said that the people of Punjab can consider it a Diwali gift. We will continue to give such gifts in future also. He claimed that after this cut, the price of petrol in Punjab would be the lowest among the North Indian states for the first time in 20 years.

It is noteworthy that Punjab assembly elections are to be held in May next year. Shiromani Akali Dal, Bharatiya Janata Party and Aam Aadmi Party were demanding the state government to reduce tax on fuel to provide relief to the consumers.

!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”); .

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Preparation to make FD attractive like mutual funds, suggestion to reduce tenure of tax free FD from 5 to 3 years Preparation to make FD attractive like mutual funds, suggestion to reduce the tenure of tax fre

Photo:INDIA TV Budget 2022 Highlights FDs become less attractive as […]

China going to lose the crown of economic superpower These figures are giving testimony to defeat | Is China going to lose the crown of economic superpower? These figures are giving testimony to the defeat of the dragon

Photo:PIXABAY Is China going to lose the crown of economic […]