The State Cabinet here on Tuesday decided that an amount of Rs6500 per horsepower will be charged from small and marginal farmers for providing permanent power pump connection to them during year 2015-16. During financial year 2016-17, a sum of Rs7000 per horsepower will be got deposited. Other farmers will have to pay Rs10,400 per horsepower during year 2015-16 and Rs11,200 per horsepower during year 2016-17.
Only Rs32,500 will be charged from small and marginal farmers for infrastructure works of agriculture pumps of 5 horsepower and remaining Rs17,500 will be given as subsidy by the state government. Rs52,000 will be charged from other farmers and the State Government will bear remaining Rs98,000. It is noteworthy that the Government has given subsidy worth Rs227 crore during year 2014-15 on permanent power pump connections.
like year 2014-15, amount of Rs1200 per hour at flat rate will be charged in 2 equal installments as electricity bills this year also. Against it the state government had provided subsidy worth Rs4,480 crore to power distribution companies during 2104-15. Under this head, provision of Rs4,962 crore has been made for current financial year 2015-16.
The cabinet approved Madhya Pradesh VAT (Amendment) Ordinance-2015. Under it, announcements made by the Finance Minister while tabling budget for 2015-16 will be implemented. The ordinance proposes to increase tax from 4 to 5 per cent on transfer of goods used in manufacture of goods/raw materials outside the state.
Provision is proposed in the ordinance on value addition in reference to subsequent sales of telephones, cellular hand sets and fablets, tobacco-free pan masala and gutkha within the state. The state government announced various concessions under industrial promotion policy for discharge of liabilities of sick units including tax and interest/fine. These include discharge of liabilities of interest/fine on payment of tax. There is no provision in the Act to implement this scheme. It is proposed to be included in the ordinance.
As per current provision, payment of 5 percent amount with increase in every 6 months on decision in the first appeal for extending period of stay given by Appeal Board is desired. Suitable amendment has to be made in pursuance of Chief Minister Shivraj Singh’s announcement for abolishing expectation of payment of additional amount.
Presently, there is a provision of fine of Rs1000 per day upto maximum of Rs50,000 on presenting returns after delay of 30 days. As per Chief Minister’s announcement, a proposal has been made in the ordinance to decrease fine of Rs1000 per day upto maximum of Rs50,000 by half. The cabinet endorsed the proposal to obtain loan from HUDCO for construction of 16 colleges and 11 girls hostels of Higher Education Department. Construction cost of every college building is Rs3.38 crore and girls hostel Rs1.47 crore. Total cost of the project is Rs71.15 crore. Madhya Pradesh Housing and Infrastructure Development Board has been appointed nodal agency for construction works. The Board will obtain Rs67.50 crore loans for its from HUDCO. Its guarantee will be given by the state government.