Aiming at simplifying and facilitating Change of land Use (ClU) approval to the developers, Punjab Cabinet on Monday decided to amend the Punjab Regional and Town Planning and Development Act, 1955.
“Cabinet has given green signal to amend section 83 of the Act to the extent that the condition of validity of two-year has been removed to give boost to development process. From now onwards, the permission of ClU, once granted, would remain valid as per terms and conditions of the approval,” said a spokesperson of the Chief Minister's Office.
Cabinet also approved to place the Punjab Development of Trade, Commerce and Industries Bill, 2015, in the ongoing session of the Vidhan Sabha to create a fund of development of trade, commerce and industry through the levy of non-discriminatory and compensatory tax on the goods imported into Punjab from other States.
The fund would be administrated by the Punjab Development of Trade and Commerce and Industry Board, chaired by the Chief Minister, constituted as prescribed in the Rules.
The fund would be utilised exclusively for development or facilitating trade, commerce and industry in the state and for other welfare measures for the general public in the local area.
The Cabinet also gave approval to lay reports of Comptroller Auditor General of India (CAG) related to the Punjab government for the year 2013-14 on the table in the Punjab Vidhan Sabha during the ongoing Budget Session.
likewise, the Cabinet also considered the budgetary proposals for 2015-16 and accorded its approval to the same.