Also offers nod to amend Punjab infrastructure (growth and regulation) act, 2002
CHANDIGARH: With a view to give additional impetus to general infrastructure growth throughout the state, the Punjab Cabinet led by Chief Minister Captain Amarinder Singh on Monday gave a go forward to levy Special Infrastructure Development (ID) Fee to be deposited within the Development Fund of Punjab Infrastructure Development Board (PIDB).
According to a spokesperson of the Chief Minister’s Office, the Special ID Fee can be imposed @ Rs.0.25 per litre every on sale of Petrol and Diesel inside the state. Likewise, Special ID Fee @ Rs.0.25 would even be levied for each 100 rupees of the worth of buy of immovable property inside the state. The Special ID Fee imposed on the aforesaid gadgets would led to creation of further income streams of Rs.216.16 crores roughly yearly into the Punjab Infrastructure Development Fund (PIDF).
Likewise, the Cabinet additionally gave approval for sure amendments within the Punjab Infrastructure (Development and Regulation) Act, 2002 by means of promulgation of an Ordinance and thereafter introducing a Bill viz. the Punjab Infrastructure (Development and Regulation) Amendment Bill, 2021 within the Punjab Vidhan Sabha.
To impact the imposition of Special ID Fee, an modification to the impact can be made within the present provision by inserting a brand new Section 25-A Levy of Special Fee, which stipulates “Notwithstanding something contained on this Act, the State Government might impose the Special ID Fee for objective of which a special head shall be created below which the accrued Special ID Fee shall be collected and deposited to the Development Fund created below the provisions of Section 27(1).”