A cabinet meeting of the Uttarakhand state chaired by Chief Minister Trivendra Singh Rawat sanctioned the proposal to wave-off 50% stamp duty to purchase land for commercial purpose. This wavier got a go-ahead from the council of ministers while seeking various benefits of industries who are willing to invest in here in the state ahead of the Investors’ Summit.
This rebate by the State Government is helpful to medium enterprises whose investment budget lies between Rs 10 crore to Rs 50 crore, including a 50% wave-off on the stamp duty. Usually, the investors get a rebate of 5% to purchase land for commercial purpose. Similarly, the cabinet also sanctioned a policy to offer land on lease for business purposes.
The Confederation of Indian Industry (CII) is decided to be a national partner of the State Government for the upcoming Investors’ Summit and MSL is finalized as the media partner. Several municipal corporations including, the Municipal Corporation of Dehradun, Mussoorie Dehradun Development Authority (MDDA) and Garhwal Mandal Vikas Nigam (GMVN) were sanctioned a budget of Rs 3.6 crore to beautify state capital Dehradun and its surrounding areas.
The meeting chaired by Chief Minister Trivendra Singh Rawat also sanctioned dearness allowance (DA) benefits to the employees falling under 5th and 6th Pay Commission. Also, the decision of merging schools operating within city limits and working inside the premise of any another school was also initiated by the cabinet. Under the decision, four schools in Kotdwar merged into two and three schools in Pauri have also been merged into one school.