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The Times of India
The Times of India
National
Vibhor Mohan | TNN

Punjab Inc says no new burden needed, extend incentives

Punjab Harpal Singh Cheema Sameer Jain CHANDIGARH

CHANDIGARH: Ahead of Punjab’s state budget for 2022-23, trade and industry stakeholders in the state want Punjab finance minister Harpal Singh Cheema to honour his “no new tax” assurance while offering new incentives despite poor financial health of the state.

AAP’s plans to showcase Punjab in Himachal polls and the impending stop to GST compensation has led to apprehensions that the state might choose to burden the industry in some way. Badish Jindal, national president of All Industries and Trade Forum, said, “We want existing incentives such as subsidised power and reduced fixed charges for the industry to continue.

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