Latest news with #OTS
News18
a day ago
- Business
- News18
Punjab govt to bring OTS scheme for arhtiyas
Chandigarh, Jul 29 (PTI) Agriculture Minister Gurmeet Singh Khudian on Tuesday said the Punjab government will bring One-Time Settlement (OTS) scheme to reduce the burden of interest and penalties on shops and plots allotted to the 'arhtiyas' (commission agents) in mandis (grain markets) across the state. Khudian, who is also the head of the Group of Ministers (GoM) constituted to further streamline paddy and other Kharif crops procurement to ensure a hassle-free experience for farmers, said the Punjab Mandi Board's OTS scheme is expected to benefit a large number of 'arhtiyas', enhancing their financial stability and contributing to the overall growth of the agricultural sector in Punjab. The 'arhtiyas', who were also present on the occasion, said the payment rate of loading the produce in the mandis has not been increased since many years. They demanded an increase in the payment rate to which Food, Civil Supplies and Consumer Affairs Director Varinder Kumar Sharma replied that an approval with regard to the same has been given by the Government of India and the notification would be issued soon. Chief Minister Bhagwant Mann led Punjab government has constituted a GoM, comprising Agriculture Minister Khudian as the chairman, Food, Civil Supplies and Consumer Affairs Minister Lal Chand Kataruchak, Transport Minister Laljit Singh Bhullar and Water Resources Minister Barinder Kumar Goyal as members to ensure smooth procurement of Kharif crops, said an official statement. PTI SUN AS AS view comments First Published: July 29, 2025, 22:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
One-time scheme for allottees, flood relief project & more get GNIDA nod
Noida: Greater Noida Industrial Development Authority (GNIDA) approved proposals for improving civic infrastructure and providing relief to flat allottees, among others, during its 140th board meeting on Monday. Several initiatives impacting flat buyers, flood management, and airport security accommodation were discussed at the meeting, which was chaired by UP chief secretary and GNIDA chairman Manoj Kumar Singh. Among the schemes approved was a One-Time Settlement (OTS) scheme to provide relief to allottees of multi-storey flats ranging from EWS (Economically Weaker Sections) to flats measuring up to 121 square metres. Officials said that this scheme is expected to benefit around 2,000 flat buyers, many of whom were unable to execute their lease deeds due to the burden of outstanding premiums and late fees. Under the OTS, the Authority will offer waivers or concessions on interest charged on the unpaid premium and penalties for delay in lease deed execution. The scheme will remain open for applicants until Dec 31. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Officials said that the implementation of this scheme will not only provide much-needed relief to flat buyers but also help the Authority clear long-pending cases and formalise property ownership for hundreds of residents. GNIDA's property department will soon issue an official order with detailed guidelines and implementation dates. The board also approved the construction of a regulator on the Aimanabad Bandh to protect Greater Noida from possible flooding caused by the Hindon River during the monsoon. The regulator will help prevent floodwater from entering city areas and also protect vulnerable regions near the Bisrakh drain from erosion. The irrigation department has been tasked with constructing the regulator, while GNIDA will bear the entire cost of Rs 10.56 crore. The Authority will release the funds shortly so the department can begin the tendering and construction process, officials said. A proposal to provide accommodation to Central Industrial Security Force (CISF) personnel assigned to guard the upcoming Noida International Airport on rent was also approved at the meeting. A total of 467 vacant flats in Sector Omicron 1A, belonging to the MIG and LIG categories, will be handed over for use by the CISF. This initiative is expected to ensure better housing facilities and logistical ease for the deployed personnel.
Time of India
2 days ago
- Business
- Time of India
Traders' committee chairman meets industry leaders
Ludhiana: Punjab govt is actively working towards creating a conducive business environment, with efforts ongoing to promote its growth and prosperity, chairman of Punjab State Traders Commission (department of excise and taxation), Anil Thakur, said Monday. He met representatives from industrial associations at Bachat Bhawan here, who took up the issues of faster refund processing and stricter measures to prevent the transportation of goods without proper billing with him. Speaking about govt initiatives aimed at bolstering the industrial sector, Thakur encouraged those present to provide suggestions for further improvements. Work for the proper upkeep of the focal points across the state has already begun, he said. He added that he has held more than 100 meetings in assembly constituencies across Punjab so far, and addressed the concerns of traders. He announced that a one-time settlement (OTS) scheme would soon be introduced to resolve their issues. He urged industrialists to directly contact officials of the relevant department to get their grievances promptly redressed, noting that the Punjab govt has already issued directives to ensure transparent administrative services. Industrialists thanked Thakur for taking the time out to meet them and give them a patient hearing.
The Hindu
2 days ago
- Business
- The Hindu
Notices to 3.75 lakh property tax defaulters
The city's civic body will issue notices to 3.75 lakh property tax defaulters, chief civic commissioner M. Maheshwar Rao said on Monday. These defaulters have tax arrears totalling to around ₹700 crore - ₹800 crore, he said. These defaulters will be served notices through SMS and emails shortly, Mr. Rao said. 'If property owners have already paid the tax, they can ignore these messages. But if they are defaulters and not paid the tax, they should pay it up immediately,' he said. He directed civic officials to take stern steps to recover tax dues from these defaulters. These include property tax defaulters for 2024-25 and those who did not even make use of the One Time Settlement (OTS) scheme introduced by the Bruhat Bengaluru Mahanagara Palike (BBMP) in 2024, sources said. BBMP had collected a whopping ₹4,930 crore in property tax in 2024-25, over 25% more than its previous year, owing to OTS. However, as of January, 2025, 2.06 lakh property owners were still defaulters and their arrears added to ₹329.15 crore. Following this, BBMP attached over 81,000 properties in 2024-25, highest ever in the city, and listed hundreds of such properties for auction in February, 2025.
Time of India
5 days ago
- Business
- Time of India
MC Suvidha Kendras open on weekends for property tax payment
Ludhiana: To help residents submit pending property tax on time, MC commissioner Aaditya Dachalwal announced that zonal suvidha kendras would remain open on Saturday, July 26, and Sunday, July 27. The decision was taken as July 31 is the last day to pay pending property tax without penalty and interest under the one-time settlement (OTS) policy notified by the state government. Officials said that the property tax must be paid on self-assessment basis every year. If the property owner fails to pay, a 20% penalty and 18% annual interest on the pending amount will be charged. Under the OTS policy, residents can submit the pending tax by July 31, 2025, without penalty or interest. The pending tax can be submitted at the suvidha kendras situated in the zonal offices of the civic body. MSID:: 122907289 413 |
