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| Budget presentation preponed to speed up developmental spending: Dr Drabu | | | Early Times Report
SRINAGAR, Dec 24: Ahead of presenting 2017-18 Budget, Minister for Finance, Dr Haseeb A Drabu Saturday held a series of meetings with traders, agriculturists, horticulturists, entrepreneurs and representatives of business bodies.
The Finance Minister said the Government is committed to speed up the developmental activity in the State and preponing the budget to January is an important step in this regard.
Commissioner Secretary Finance Navin K Choudhary, Commissioner Commercial Taxes Parvaiz Iqbal Khateeb and other officers of the department attended the meetings.
Regarding the implementation of GST, the Finance Minister said that the new tax regime will be implemented only after approved by the State legislature.
Chairman of Private Schools Association called for developing Kashmir as a knowledge hub by initiating steps like giving single window clearance for permission to open new educational institutes, lowering of Taxes on coaching institutes and implementing new educational policy wherein owners of private educational institutes are also made stakeholders.
Kashmir Traders and Manufacturers Federation called for resolving the issue of rate fixation of essential commodities. Representatives of various fruit growers associations said that the Government should expedite setting of cold storage for fruit harvest at block level. They also demanded that the Government should implement the High Density fruit plantation scheme at a much larger level so that it will bring revolution in the State economy.
While listening to problems faced by the transporters, the Finance Minister said that the Government is thinking of incorporating various steps in the next budget that will help the sector to grow and cope up with the losses suffered because of the recent unrest.
The Hoteliers Association raised the issue of imposition of tax on catering. The Finance Minister asked the Hoteliers to work with J&K Bank so that a new scheme can be launched wherein Bank will finance central heating of all hotels in Kashmir. The Hoteliers also demanded waiving off of electricity tariff for hotels during the period of closure in Kashmir.
The contractors association demanded that the liability be cleared from treasuries at the earliest. Dr. Drabu asked the contractors not to undertake any work unless it is approved and money earmarked for it.
Regarding condition of various industrial estates, the Finance Minister asked the trade bodies to form a governing body by electing entrepreneurs from that particular estate. |
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