STATE TIMES NEWS
JAMMU: In a major decision of far reaching consequence, Government of India has approved the new Industrial Developmental Scheme for Jammu and Kashmir.“The Scheme will go a long way in ushering an era of socio-economic development of the region as also catering to the aspirations of people”, Lieutenant Governor, Manoj Sinha said at a press conference here on Wednesday, while visualising the scheme as a major push to the economy of the region and providing huge opportunities of employment to the people of J&K.
JAMMU: Lieutenant Governor Manoj Sinha on Thursday said that there is a committee examining the restoration of 4G services in the remaining districts of the UT and that “there will be good news soon in the coming days.”“I know 4-G is working in just two districts of J&K UT. There is a committee examining the issue. Hopefully, there will be good news soon in the coming days,” he said in reply to a query during a press conference in Jammu.
The main purpose of the scheme is to generate employment beyond government jobs in both manufacturing and service sectors which directly leads to the socio-economic development of the region. The scheme is being implemented with the vision that industry and service led development of J&K needs to be given a fresh thrust with emphasis on job creation, skill development and sustainable development by attracting new investment and nurturing the existing ones. It will provide a major support to local industry, besides creation of new business opportunities, the Lt Governor observed.The scheme is approved with a total outlay of Rs. 28,400 crore upto the year 2037.Under the scheme, several incentives would be available, which include, capital Investment Incentive at the rate of 30% in Zone A and 50% in Zone B on investment made in Plant & Machinery (in manufacturing) or construction of building and other durable physical assets (in service sector) will be made available. Units with an investment upto Rs. 50 crore will be eligible to avail this incentive. Maximum limit of incentive is Rs 5 crore and Rs 7.5 crore in Zone A & Zone B, respectively.
JAMMU: Lieutenant Governor, Manoj Sinha on Thursday launched Mobile Application ‘Satark Nagrik’ and Departmental Vigilance Officers Portal of J&K Anti Corruption Bureau here at the Civil Secretariat.Speaking on the occasion, the Lt Governor observed that the UT Government is taking comprehensive measures for ensuring transparent, accountable, and responsive governance.Taking a yet another step in this direction, the mobile application launched today has been developed with a purpose to facilitate seamless flow of information about corruption and enable citizens to submit their grievances with ease and mobility. Any citizen having an android based device can download the application from play store. A unique ID number will be allotted at the time of registration of grievance which later can be used to track the status of grievance.The Lt Governor remarked that the most effective antidote to corruption is an active, involved, and empowered citizenry. “Each one of us must set new benchmark by adopting zero tolerance for corrupt practices. It must be understood that all the malpractices, nepotism and other such practices, be it governmental or other organizational, hurt the common citizen and the governance. Therefore, we must all join hands and pledge to root it out of the system”, the Lt Governor observed.Terming effective use of Information Technology and dissemination of information to all stakeholders through web portals / mobile applications as a key player in curbing malpractices, the Lt Governor said such interventions will help us to create efficient, transparent and accountable systems with no scope for arbitrariness and discretion while enabling better quality and efficient delivery of services.The Departmental Vigilance Officers (DVO) Portal has been designed to enable an online communication channel with the DVOs of various departments. In certain cases, the complaints are related to ongoing works, current recruitments, and payments yet to be made against contracts etc. By referring these matters to DVOs, violations/ shortcomings can immediately be rectified and loss to the state exchequer can be prevented.Manoj Kumar Dwivedi, Commissioner/Secretary to the Government, GAD informed the Lt Governor that a huge number of pending complaints at the level of DVO’s and other levels necessitated the need for use of technology to ensure real time monitoring mechanism of these complaints. The DVO portal will go a long way in streamlining the disposal of corruption complaints, besides helping the DVOs to submit fact finding reports. It will help to redress grievances in a systematic manner by enabling monitoring of the status of DVO matters and Citizens Grievances assigned to DVOs at ACB Central Office. Through this portal, periodical reports can be generated on the basis of pendency and disposal of each DVO, he added.During the program, the Lt Governor instructed the officers for exploring possibility for developing a similar application for keeping track of various pending court cases department-wise and real time information about the status of those cases for generating reports and enabling their disposal in a much more systematic manner.A detailed briefing was given by Anand Jain, Director ACB on the recent Performance of Anti Corruption Bureau. It was outlined that during the Lt Governor’s administration, the crusade against corruption has taken a new leap and ACB has tightened the noose on the corrupts with Recovery/ Seizure of funds to tune of Rs.202 crore in one of the cases, increase in trap cases, attachment of assets worth crores and arrest of high profile officials/ persons.It was also informed that up to 31st December, 2020, 71 cases were registered. 48 cases were charge-sheeted during the period. Out of total registration of 2020, 10 cases were registered as trap cases in which the government officials were caught red handed while demanding and accepting bribe from the public in the course of their duty, whereas 08 Disproportionate Assets (DA) cases were registered.Investigation of some of the cases was completed in record time and a good number of cases have resulted in conviction, wherein some high ranking public servants have been found guilty of criminal misconduct.BVR Subrahmanyam, Chief Secretary; Manoj Kumar Dwivedi, Commissioner/Secretary to the Government, General Administration Department (GAD); Anand Jain, Director ACB and other senior officers were present on the occasion.
Capital Interest subvention: At the annual rate of 6% for maximum 7 years on loan amount up to Rs. 500 crore for investment in plant and machinery (in manufacturing) or construction of building and all other durable physical assets (in service sector).GST Linked Incentive: Financial incentive based on Gross GST. This will incentivize output upto 300% of the eligible value of actual investment made in plant and machinery (in manufacturing) or construction in building and all other durable physical assets (in service sector) for 10 years. However, the amount of incentive in a financial year will not exceed one-tenth of the total eligible amount of incentive.Working Capital Interest Incentive: All existing units at the annual rate of 5% for maximum 5 years. Maximum limit of incentive is Rs 1 crore.Key feature of the scheme is to make it attractive for both smaller and larger units. Smaller units with an investment in plant and machinery upto Rs. 50 crore will get a capital incentive upto Rs. 7.5 crore and get capital interest subvention at the rate of 6% for maximum 7 years.The scheme aims to take industrial development to the block level in UT of J&K, which is the first time in any Industrial Incentive Scheme of the Government of India and attempts for a more sustained and balanced industrial growth in the entire UT. Remote areas of J&K will see a major impetus through the scheme.The scheme has been simplified on the lines of ease of doing business by bringing one major incentive- GST Linked Incentive- that will ensure less compliance burden without compromising on transparency.It envisages a greater role of the UT of J&K in registration and implementation of the scheme while having proper checks and balances by having an independent audit agency before the claims are approved.Earlier schemes though offered a plethora of incentives. However, the overall financial outflow was much lesser than the new scheme. Whereas, the earlier schemes have provided about Rs 1120 crores in all these years, this scheme shall provide an outlay of Rs 28,400 crores.The scheme will have major Impact on employment generation potential. It will bring about radical transformation in the existing industrial ecosystem of J&K with emphasis on job creation, skill development and sustainable development by attracting new investment and nurturing the existing ones, thereby enabling J&K to compete nationally with other leading industrially developed States/UTs of the country.It is anticipated that the proposed scheme is likely to attract unprecedented investment and give direct and indirect employment to about 4.5 lakh persons. Additionally, because of the working capital interest subvention, the scheme is likely to give indirect support to about 35,000 persons.The Lt Governor expressed gratitude to the Prime Minister for approving the New Central Sector Scheme for Industrial Development of Jammu & Kashmir. He said it will give a boost to domestic manufacturing in the region and help J&K in becoming AatmaNirbhar. The Scheme will encourage new investment, substantial expansion and also nurture the existing industries in J&K, he maintained.The Lt Governor emphasized that it will be ensured that the implementation of the new scheme shall be done in a manner which is friendly and hassle free to the investors. It will be ensured that entrepreneurs from within J&K and outside find a smooth and progressive ecosystem for their business plans, he added.“With our transparent policies, investments in developing infrastructure, market oriented policy environment and skilled human capital, we aspire to become a growth pillar for India in the current decade”, Sinha added.The LG said that Government and Industry will work closely to achieve the vision of the holistic and balanced development of Jammu and Kashmir.He also appreciated the Industry and Commerce department for working hard to materialise this scheme in continuous consultation with the Government of India. He also thanked the business associations and all who contributed through their valuable suggestions.Prominent among others, present on the occasion were BVR Subrahmanyam, Chief Secretary; Arun Kumar Mehta, Financial Commissioner, Finance Department; Rohit Kansal, Principal Secretary, Power Development Department and Information Department; Nitishwar Kumar, Principal Secretary to LG; Manoj Kumar Dwivedi, Commissioner/Secretary, Industries and Commerce Department; Sanjeev Verma, Divisional Commissioner, Jammu; Mukesh Singh, IG Jammu, besides other senior officers of the government.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Following SoPs, vaccination only protection against COVID: Dr Bahl
Technical snag in LG’s Twitter handle; resolved
Kangana Ranaut’s Twitter account suspended permanently
‘COVID Appropriate Behaviour’ key to combat virus; Ruchi speaks to AIIMS doctor
Petrol, diesel prices up 25 paise; Bhopal, Indore join cities with Rs 100/litre petrol
Asian stocks mixed after Wall St falls on inflation fears
Petrol, diesel prices rise again
Sensex tanks over 450 pts in early trade; Nifty slips below 14,800
Rupee falls 18 paise to 73.53 against US dollar in early trade
Download 10Cric Casino app, and enjoy Indias most popular casino games, directly on your mobile!
Gamble with real money online! Play Indias favourite casino games at 7Jackpots.com, Indias most trusted online casino site.
© 2020 State Times Daily Newspaper | Powered by Ideogram Technology Solutions [P] Ltd.