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
Operation Thunder 2020: India Customs intercepts 18 tonnes red sandalwood
The India Customs intercepted an 18-tonne shipment of red sandalwood destined for...
Market for Illegally-Made Goods Reaches $460 Billion
A new report says as much as $461 billion was spent on counterfeit andpirated...
Fake mobile accessories racket busted in Mumbai, products worth Rs 33 lakh seized
The Economic Offence Wing of Mumbai police busted a fake mobile accessories...
Excise raids in Nalgonda, Hyderabad; black jaggery, alum, MDMA worth ₹10L seized
In Devarakonda, Nalgonda district, the Excise enforcement team intercepted a...


