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Thursday, Sep 30, 2004

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Farmers' loans to be waived

By Our Special Correspondent

CHANDIGARH, SEPT.29. The Haryana Cabinet, at its meeting presided over by Chief Minister Om Prakash Chautala, has decided to write off `Taccavi' loans, estimated at Rs.348.74 crores, to the farming community.

An official spokesman said here today that the decision was likely to benefit about 1,40,000 families against whom these loans were outstanding. It may be recalled that Mr.Chautala had recently announced to waive these loans to benefit the farming community.

The Cabinet also decided that the report of the Verma Commission (which probed the imposition of prohibition and its subsequent withdrawal by the then Bansi Lal Government) along with the action taken report be placed before the Assembly.

It revised the policy for renewal of existing mining leases of major minerals. Henceforth, the cases of renewal of major mineral leases would be decided on the basis of merit alone as per the Central Act and Rules.

It decided to reduce the rate of tax on 27 types of tools and hardware from 10 per cent or 12 per cent to four per cent by including them in schedule `C' of the Haryana Value Added Tax Act, 2003.These include cutting tools like drills, taps, cutters, end mills, reamers, dies, tool bits used in industries for tapping, threading, drilling, boring, milling and turning.

The spokesman pointed out that the reduction was effected because the Faridabad Tools and Hardware Merchants Association, Faridabad and Beopar Mandal, Faridabad had made a representation in this connection.

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