The Punjabi cabinet on Monday approved the levying of Special Infrastructure Development Fee (Special ID) on the sale of gasoline, diesel and real estate.
The decision, which aims to give a new impetus to the overall development of infrastructure across the state, will generate additional income of Rs 216.16 crore.
The collection of the special identification fee will be deposited into the development fund of the Punjab Infrastructure Development Board (PIDB), according to a government statement.
The special identification tax would be imposed at the rate of Rs 0.25 per liter each on the sale of gasoline and diesel in the state.
Likewise, a special identification fee at the rate of Rs 0.25 would also be levied per 100 rupees of the purchase value of real estate in the state, the statement said.
The cabinet, which held its meeting under the leadership of Chief Minister Amarinder Singh, also approved certain amendments to the Punjab Infrastructure (Development and Regulation) Act 2002 by issuing an ordinance and subsequently presenting a draft. bill – the infrastructure of Punjab (Amendment Bill, 2021 in the Vidhan Sabha.
To effect the imposition of a special identification tax, an amendment would be made to the existing provision by inserting a new article 25-A on the collection of a special tax.
According to a fuel pump owner in Mohali, the decision to impose the special identification tax on fuel will make gasoline and diesel more expensive in Punjab compared to neighboring Chandigarh and Haryana.
In another decision, the cabinet gave its approval for the acquisition, conservation and use of the Mubarik Manzil Palace, Malerkotla in the Sangrur district.
To facilitate the acquisition of the palace from Mubarik Manzil, the state government will provide 3 crore rupees to Begum Munawwar-ul-Nisa, the owner of the property, in return for transferring the property with all its rights to the government of the state.
The chief minister said the move would help preserve the state’s rich heritage and reconnect younger generations to the glorious past.
Begum Munawwar-ul-Nisa had written to the state government saying that the over 150-year-old palace, spread over an area of 32,400 square feet, is a valuable heritage asset and must be properly preserved for the future in as an integral part of the history of the ancient state of Malerkotla and Punjab.
She said she wanted to hand the palace over to the state for acquisition, conservation and use.
(Except for the title, this story was not edited by The Bharat Express News staff and is posted Platforms.)