Uttarakhand Approves 50% Off On Stamp Duty For Buying Land For Business

Stamp Duty

CM Trivendra Singh Rawat chaired a cabinet meeting late on September 20 wherein he took some decisions on giving slew of benefits to industries willing to invest in Uttarakhand ahead of the Investors’ Summit.

The cabinet approved relaxation in the land given to medium enterprises with investments between Rs 10 crore to Rs 50 crore, including a 50% rebate on stamp duty, which is usually 5%, while purchasing a land for opening an enterprise. The cabinet also gave its nod on a policy for giving land on lease for business purposes.

The cabinet agreed on making Confederation of Indian Industry (CII) as a national partner for the upcoming Investors’ Summit and other activities, while MSL has been made the media partner.

Besides, Municipal Corporation of Dehradun, Mussoorie Dehradun Development Authority (MDDA) and Garhwal Mandal Vikas Nigam (GMVN) were allotted Rs 3.6 crore for the beautification of Dehradun and its surrounding areas.

The cabinet also gave its nod on giving dearness allowance (DA) benefits to employees covered under 5th and 6th Pay Commission.

The decision of merger of schools operating within city limits or functioning inside the premise of another school was also taken by the cabinet. Four schools in Kotdwar were merged into two, while three schools in Pauri have been merged into one school.

Source: Economic Times, Dehradun



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