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AOI Gangyal hails Govt decision to constitute High Powered Committee 8/21/2020 12:44:38 AM Early Times Report Jammu, Aug 20: In an emergency meeting held under the chairmanship of Rattan Dogra, President, Association of Industries, Gangyal, Jammu entrepreneurs present welcomed the J&K Govt.’s decision to constitute high powered committee under the directions of Lt. Governor Manoj Sinha to provide relief to business community with special emphasis to associate Industrial Associations actively to mitigate the grievances of the local MSME sector to put local Industrial sector back on revival path. Entrepreneurs present were firmly of the view that before a comprehensive package is finalized, the J&K UT Govt. should immediately waive off the Minimum Demand Charges in their electricity bills for all categories of local units effective March, 2020 onwards and/or adjust the amount already through their future billing. Simultaneously UT Govt. should also borne the interest element of their loans through Direct Benefit transfer mode as first step of the inclination of the UT Govt. to enable local MSME units come out of the worst impact of the spread of Covid-19 epidemic. Entrepreneurs were vociferous to bring to the notice of the Lt. Governor towards the utter neglect of local MSME sector to acknowledge and appreciate its role to provide jobs to more than 3 lakh local populace second largest employer after the J&K Govt. Though being presently unaware of the role assigned to the proposed committee AOI firmly believes the process should also include the scrapping of the Industrial Policy of 2016 which is covertly and overtly responsible for the present miserable plight of the local Industrial sector further deprived by way of the withdrawal of the local playing field that existed through VAT Remission prior to the implementation of the GST regime. Local marketing has further shrunk with the withdrawal of the Toll Tax at entry points with the flooding of the products imported unaccounted from the neighboring states.   Share This News with Your Friends on Social Network     Comment on this Story

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