Maharashtra goes for single licence concept for industries

Number of permissions for starting new business in the state reduced

GN Bureau | September 8, 2015


#Maharashtra   #industry   #licence   #midc   #petrol   #diesel   #tax  

The Maharashtra cabinet on Monday decided to relax rules for promoting investment in the state. It gave investors virtually one ticket for industrial licence. Accordingly, those who have availed permission from the MIDC (Maharashtra Industrial Development Corporation) would not be required to avail any permission from municipal corporations or municipal councils or local bodies.

The cabinet gave its nod for making amendments in the BPMC Act 1988 section 390 (1) and Section 393 (18) as well as subsequent sections in the municipal council and other local bodies so that there would not be any requirement for availing permission from local bodies once MIDC has given permissions.

The state government has reduced the number of permissions for starting any new business in the state under the initiative of ease of doing business. It has brought down the number of permissions from 75 to 35 and has set a target of bringing it down to 25.

Meanwhile, the Maharashtra government has decided to abolish the Local Body Tax (LBT) within 15 days on petrol and diesel to end the disparity between fuel dealers and other traders.

Maharashtra finance minister Sudhir Mungantiwar said that the decision came after discussions were held between the state government and petrol/diesel pump owners over its imposition.

He, however, said that the government will impose an alternate tax in place of LBT. The Minister claimed that the fuel dealers are ready to accept the imposition of an alternate tax in lieu of LBT.

All they want is parity between all pump owners. He said that abolishing LBT will cost the government exchequer Rs 280 crore.

Comments

 

Other News

India’s silent lead crisis

Flint, Michigan, was a wake-up call. Lead contamination in water supplied to homes in that American city led to a catastrophic public health emergency in 2014, which is yet to be fully resolved. But India’s lead poisoning crisis is ten times worse- larger, quieter, and far most devastating. Nearly ha

‘Dial 100’: A tribute to the police force and its unsung heroes

Dial 100  By Kulpreet Yadav HarperCollins, 232 pages, Rs 299  A wife conspires with her ex-lover to mur

India’s economic duality: formal dreams, informal realities

“Whatever you can rightly say about India, the opposite is also true.” – Joan Robinson In its pursuit of becoming a $5 trillion economy, India has laid significant emphasis on formalizing its economic architecture—expanding digital payments, mandating

Targeting root causes of cancer with green policies

The Budget 2025 was splashed across headlines with its innumerable numbers and policies, but lurking behind the balance sheets is a threat that it has not accounted for yet — the silent, merciless clutches of cancer. The World Health Organisation (WHO) states that it remains one of humanity`s mo

Congress needs course correction: Prithviraj Chavan

Prithviraj Chavan, a former Maharashtra chief minister and veteran Congress leader, feels his party has probably failed to provide a viable alternative to the government, and it needs a course correction. “I do acknowledge that the Congress party may have failed to provide the alternat

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter