TN Minister defends rural trade licence fees amid backlash; says AIADMK enforced similar system
However, amid strong criticisms from parties including PMK, CPM, and TMC (M), the minister also announced the constitution of a new advisory committee, as per CM's orders, based on requests from trade associations on Wednesday. The committee will submit their recommendations on simplifying the licence process.
AIADMK general secretary Edappadi K Palaniswami, during his ongoing tour of the southern districts, accused the ruling DMK of imposing 'hefty fees' for licences for running even small businesses like tea shops and laundry shops in villages and alleged that the fee ranged from Rs 500 to Rs 50,000.
Periyasamy clarified that provisions to obtain licence fees for shops existed under Section 159 of the Tamil Nadu Panchayats Act, 1994, and that the licence fees were collected even during the AIADMK's time.
He attached a 2018 district gazette notification from Coimbatore, listing the licence fee for various categories of trades. He said, in the absence of proper rules, each village panchayat was collecting exorbitant licence fees based on their own discretion.
The state government released a set of rules in July to address this. The rules mainly dealt with introducing an online licencing process and ensuring uniformity in the fee collection. Fees need to be revised only once in three years as per new rules unlike the earlier need for annual revision, the minister said. He said the name of 'dangerous and offensive trade licence' was changed as per recommendations of the Sixth State Finance Commission.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
10 minutes ago
- Hans India
HP electricity board records Rs 315 cr profit in FY25
Shimla: The Himachal Pradesh State Electricity Board Limited (HPSEBL) turned profitable in financial year 2024-25, earning Rs 315 crore, an official statement said. Until March 31, 2024, HPSEBL had accumulated losses amounting to Rs 3,742 crore. 'After facing losses for many years, this is the highest profit ever recorded by the board. This milestone is not just a number, but a reflection of the commitment of the present state government to its vision of a 'Nai Soch, Naya Himachal',' a government spokesperson said in the statement. The present Himachal government, through its reforms, transparent administrative policies and financial discipline helped the board recover from losses and turn profitable, he said. Chief Minister Sukhvinder Singh Sukhu said the success was the result of a clear policy, honest governance and a welfare-oriented approach. As per the statement, for 2024-25, an amount of Rs 368.89 crore was approved for gratuity, medical reimbursement, revised pension arrears and leave encashment, a significant increase from Rs 87.56 crore in the previous year. Out of this, Rs 187.86 crore has already been disbursed till July 31, 2025. Sukhu exuded confidence that with everyone's cooperation, the board would become fully self-reliant, benefiting not only the employees and officers but also the people of the state.
Economic Times
10 minutes ago
- Economic Times
How does Rs 2,000 a month make you a crorepati before you hit 40? CA explains
Synopsis Nitin Kaushik advises young earners to begin Systematic Investment Plans (SIPs) early, highlighting the significant financial benefits of starting in their twenties. Consistent investing, coupled with annual increases in SIP amounts and a long-term perspective, can lead to substantial wealth creation. Starting with a modest amount and scaling up can potentially yield crores by age 40. iStock Want ₹25 Crore Before 40? Start This One Simple Habit at 25 If you're aiming to build wealth and reach millionaire status before the age of 40, starting early with Systematic Investment Plans (SIPs) in your twenties could be a game-changing strategy. Chartered accountant Nitin Kaushik recently shared insights on X, encouraging young earners to begin investing as soon as possible, highlighting that the financial choices made in your mid-20s can significantly benefit you in your 30s and involve investing a fixed amount regularly, and when combined with a disciplined, long-term approach, they can lead to substantial financial growth. Kaushik emphasized the power of starting small and gradually increasing your contributions in line with income growth. This strategy not only builds a strong investment habit but also takes advantage of compounding over the long illustrate the potential, he presented a simple calculation based on three assumptions: a 10 percent annual return on investment, a 10 percent yearly increase in SIP amount, and a 30-year investment period. The numbers clearly show how disciplined investing can lead to significant wealth creation over with a modest Rs 2,000 per month can grow into approximately Rs 2 crore. Increasing it to Rs 5,000 per month could lead to around Rs 6.3 crore. A Rs 10,000 monthly SIP can potentially grow to Rs 12.6 crore, while a more aggressive investment of Rs 20,000 per month might yield close to Rs 25.3 crore over three decades. — Finance_Bareek (@Finance_Bareek) The key takeaways from Kaushik's post are simple but powerful: maintain consistency, increase your SIP amount annually as your income rises, and avoid getting distracted by short-term market volatility. This disciplined and scalable investment approach helps investors stay on track toward long-term financial goals without relying on timing the market or reacting to short-term message is clear: the earlier you start and the more consistent you are, the better your chances of building lasting wealth. Even a modest beginning, if nurtured with regular increases and a long-term perspective, can set you up for financial freedom well before you reach retirement.
India.com
10 minutes ago
- India.com
New FASTag Annual Pass From August 15: Is It Available For All Vehicle Types? Check Price, Activation, Validity, Toll Limits, And Other Details
photoDetails english 2940772 Updated:Aug 03, 2025, 01:37 PM IST FASTag Annual Pass: Launch Date And How To Activate 1 / 8 The Ministry of Road Transport and Highways will launch the FASTag Annual Pass on August 15, 2025. It can be activated exclusively through the Rajmargyatra mobile app or the official NHAI website. FASTag Annual Pass: One-Time Yearly Fee 2 / 8 This annual pass is designed for frequent highway travellers, aiming to reduce toll expenses. Instead of paying tolls at every plaza, users can travel seamlessly by paying a one-time yearly fee, ensuring cost savings and convenience. FASTag Annual Pass Price 3 / 8 The FASTag Annual Pass is priced at Rs 3,000 per year, offering an economical option for regular commuters. It helps users avoid frequent deductions and offers a single payment system for toll transactions throughout the year. FASTag Annual Pass: Activation Timeline 4 / 8 Once the payment is successfully completed, the annual pass will be activated on the registered FASTag within 2 hours. This ensures minimal waiting time and allows travellers to start using the pass on the same day. FASTag Annual Pass: Eligibility Criteria 5 / 8 The pass is valid only for private non-commercial vehicles like cars, jeeps, and vans, as verified through the VAHAN database. Any attempt to use it with commercial vehicles will lead to immediate deactivation without prior notice. FASTag Annual Pass Validity 6 / 8 The FASTag Annual Pass remains valid for one year from the date of activation or up to 200 toll transactions, whichever comes first. After reaching either limit, the pass automatically reverts to a regular FASTag setup. FASTag Annual Pass: Tolling Mechanism 7 / 8 For closed tolling highways like Delhi-Mumbai Expressway, one trip includes both entry and exit points. In open tolling systems, such as Delhi-Chandigarh, each toll plaza crossing counts as a separate trip, affecting the 200-trip limit. FASTag Annual Pass: Non-Transferable 8 / 8 The pass is strictly non-transferable and valid only for the vehicle it's registered on. If used on a different vehicle or FASTag, the system will detect misuse and automatically deactivate the annual pass without any warning.
