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States » North

HP CM hails decision of cutting down of corporate tax to 22 pc

Shimla, Sep 20 (UNI) Chief Minister Jai Ram Thakur said that various announcements for the economic growth and the decision to implement important economic reforms made by Union Finance Minister during GST Council meeting held at Goa on Friday was historic.
The Chief Minister in his press statement said that the decision to reduce the corporate tax to 22 per cent is commendable and these announcements will have far reaching results and it will improve the economic situation of the country.
Chief Minister said that under the dynamic leadership of the Prime Minister Narendra Modi the country is heading towards becoming a biggest economy of the World. He said that for this the business world, young entrepreneurs and MSME areas would play important role.
He said the GST Council has recommended reduction of GST on hotels. Now rate of tax on hotels with room tariff upto Rs 1000 will be nil, the rate of tax between room tariff of Rs 1001 to 7500 will be 12 per cent. The rate tax for rooms with room tariff above Rs 7501 will now be 18 per cent. He said the elimination of 28 per cent slab entirely for hotels and rationalisation of GST rates on hotels will lead to greater investment in this sector and help in growth of tourism in the state.
The Chief Minister said that GST decisions taken in the council meeting and tax exemption will increase investment, employment and economic activities under 'Make in India' and will also increase revenue generation. He said that to accelerate the economy of the country this kind of big decision has been taken for the fifth time within four weeks.
Jai Ram Thakur hoped that this decision would bring positive results and India would emerge as a strong economy. He said that soon after the decisions taken by the council today, there has been a jump of 1900 points in the stock market, which is a good sign for the economy.
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Reservation for Economically Weaker Sections available at Central, Union territory level: J&K Govt

05 Jun 2020 | 10:00 PM

Jammu, June 5 (UNI) Jammu and Kashmir Government on Friday clarified that provision of reservation for Economically Weaker Sections (EWSs) for the residents of Jammu and Kashmir is available in jobs and admission to Educational Institutions at Union territory level on the pattern of Centre under Constitution (One Hundred and Third Amendment) Act, 2019.

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Ten new cases of Covid in HP, tally mounts to 394

05 Jun 2020 | 9:58 PM

Shimla, Jun 5 (UNI) Ten fresh cases of Covid-19 reported in Himachal Pradesh on Friday, increasing the tally of such cases to 394 in the state.

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J&K govt employees to attend office on regular basis from Saturday

05 Jun 2020 | 9:54 PM

Jammu, June 5 (UNI) The government offices in the Union Territory of Jammu and Kashmir shall function with all the officers and staff, at all levels, attending office on a regular basis on all working days with effect from June 6.

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Yogi acts tough against Police SI for unleashing atrocities on vegetable vendors in Prayagraj

05 Jun 2020 | 9:53 PM

Lucknow , Jun 5(UNI) Taking serious note on atrocity by a police officer in Prayagraj on the road side vegetable vendors, Uttar Pradesh chief minister Yogi Adityanath has ordered suspension of the officer and will pay the loss to the vegetable vendors from his salary.

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Number of active COVID-19 cases climbs to 630 in Chhattisgarh with 90 fresh cases

05 Jun 2020 | 9:35 PM

Raipur, Jun 05 (UNI) The number of active cases of COVID-19 (Coronavirus) infection
climbed to 630 in Chhattisgarh as 90 more persons tested positive in the state on Friday.

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