Special infra dev fee gets Punjab govt nod
ECONOMY & POLICY

Special infra dev fee gets Punjab govt nod

The Punjab state government gave approval this week for levying a Special Infrastructure Development (Special ID) fee on the sale of diesel, petrol, and immovable property.

As per a government statement, the collection from the special ID fee will be deposited in the development fund of the Punjab Infrastructure Development Board (PIDB).

On the sale of diesel and petrol within the state, the special ID fee would be imposed at the rate of Rs 0.25 per litre. Similarly, Special ID fee at the rate of Rs 0.25 would also be levied for every Rs 100 of the purchase value of immovable property within the state.

The cabinet, led by Chief Minister Capt Amarinder Singh, also approved certain amendments in the Punjab Infrastructure (Development and Regulation) Act, 2002 through ordinance promulgation. After that, it introduced a Bill, the Punjab Infrastructure (Development and Regulation) Amendment Bill, 2021 in the Vidhan Sabha.

An amendment would be made in the existing provision by inserting a new Section 25-A on levy of the special fee to implement the Special ID fee.

Image Source

The Punjab state government gave approval this week for levying a Special Infrastructure Development (Special ID) fee on the sale of diesel, petrol, and immovable property. As per a government statement, the collection from the special ID fee will be deposited in the development fund of the Punjab Infrastructure Development Board (PIDB). On the sale of diesel and petrol within the state, the special ID fee would be imposed at the rate of Rs 0.25 per litre. Similarly, Special ID fee at the rate of Rs 0.25 would also be levied for every Rs 100 of the purchase value of immovable property within the state. The cabinet, led by Chief Minister Capt Amarinder Singh, also approved certain amendments in the Punjab Infrastructure (Development and Regulation) Act, 2002 through ordinance promulgation. After that, it introduced a Bill, the Punjab Infrastructure (Development and Regulation) Amendment Bill, 2021 in the Vidhan Sabha. An amendment would be made in the existing provision by inserting a new Section 25-A on levy of the special fee to implement the Special ID fee. Image Source

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?