Poll on mind, Cabinet set to ratify sops
The Cabinet meeting scheduled for Monday seems to have a definite agenda. With the Lok Sabha elections round the corner, the Council of Ministers is expected to announce a series of tax concessions. The Cabinet will discuss the withdrawal of one-time tax on city buses operating in Amritsar, Jalandhar, Ludhiana and Bathinda; withdrawal of sin tax on cigarettes and slashing VAT on iron and steel goods, scrap and finished goods. All these decisions are aimed at wooing the urban voters. The SAD-BJP Government feels that these people have weaned away from them because of imposition of property tax and advance tax. Sources said there was a proposal to waive one-time tax on buses operating in cities, amounting to Rs 500 per bus. This tax is paid to the Transport Department before the buses are commissioned. These buses have been commissioned under the Centre’s Jawaharlal Nehru National Urban Renewal Mission and the government proposes to waive this tax so as to make travel cheaper.
Related Posts
Greece Ranks 2nd in Counterfeit and Contraband Consumption in EU
Greece continues to have the 2nd highest rate of C&C (Counterfeit and...
HONEYWELL highlights dangers of counterfeit refrigerants in Saudi ARABIA as 90% of residents believe non-brand products are in circulation
A new survey released today by Honeywell (NYSE: HON) found that occupants of...
NFR’s STF team seizes foreign origin cigarettes worth Rs 5.5 lakh.
A Special Task Force (STF) of Commercial Department of Northeast...
HP seized fake products worth Rs 80 crores in India
HP has announced that it was able to seize counterfeit products worth Rs 80...