CCI thanks CM, FM for relief to traders

JAMMU: Chamber of Commerce and Industry President Rakesh Gupta conveys its thanks to the Chief Minister Mehbooba Mufti and Finance Minister Dr Haseeb A Drabu for the historic reliefs announced to almost all sectors of business and society. The Chamber feels that it is for the first time that long pending demands since decades have been addressed mostly. The incentives of SGST to Industry, freight subsidy, Industrial Power Tariff to Hotels, Sharing of portion of interest for restructured accounts, one time waiver of soft loans to houseboat owners, amnesty upto VAT period, Power amnesty to Industries and Hotels, amnesty to Transport Sector in lieu of token tax, common facility centre for cricket Bat Industry, Budgetary provision for improving horticulture sector/ setting up of CA Stores, Toll tax exemption of essential commodities, abolition of two Toll posts, abolition of Toll tax on non-commercial vehicles and abolition of Toll on all fruits produced within the state are big relief to Trade, Industry and Transport. The Chamber also conveyed its satisfaction and thanks to the Finance Minister for taking care of accredited Journalists to be covered under Mediclaim. Also the exercise to bring electricity, alcohol, real estate and petroleum under GST shall be a big relief for one and all.