Punjab govt scraps 40k stalled cases of VAT against traders

29 Oct 2021 CW Team

Punjab Chief Minister Charanjit Singh Channi has scrapped 40,000 pending cases of the Value Added Tax (VAT) from 48,000 cases against traders and industrialists in India.

Addressing the traders, industrialists and entrepreneurs at the Progressive Punjab Investors Summit on the partnership, delivery and growth, Channi said that only 8,000 remaining cases would be settled amicably by acquiring 30% of the total pending tax liability. The 8,000 traders will have to deposit 20% of the tax liability during FY22 and the remaining 80% by the next fiscal year. He said that the initiative would boost investment.

He had also announced that the One Time Settlement (OTS) scheme for the defaulters would be introduced in the Punjab State Industrial Development Corporation (PSIDC) and Punjab Agro Industries Corporation (PAIC). He added that the OTS scheme would also be introduced to the plot holders of Punjab State Industries Export Corporation (PSIEC).

Channi announced laying the foundation stone of the upcoming Green Field airport at Halwara to boost air connectivity in the region, and the project would be completed within eight months.

He said that the electrical connections charges for Medium Scale Industries had been cut down to 50%. About Rs 150 crore will be spent on upgrading the infrastructure. He said that the government would simplify the process of change of Land Use to facilitate the industrialists to set up their ventures easily.

To boost economic activity in the state district borders, the government will acquire requisite land for the Patti-Makhu rail link and give it to the Ministry of Railways before the upcoming Budget.

Image Source

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..