Punjab Govt allows Automatic Renewal of License Facility to avail 2% Addl GSDP borrowing

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Chandigarh, August 5, 2020 (Yes Punjab News)

To become eligible to avail Additional Borrowing of 2% of GSDP in 2020-21, and to further boost ease of doing business, the Captain Amarinder Singh government has decided to allow facility of Automatic Renewal of Licence and Maintenance of Register in Electronic/Digital Format to the industries.

The state cabinet, which met under the Chief Minister through Video Conference on Wednesday, approved necessary amendments to the Factories Act, 1948 and Punjab Factory Rules, 1952.

As per the new Rule, a licence shall be renewed for one year digitally through automation mode if there is no change in particulars of licence from the previous granted/renewed licence and other conditions required by Government.

Disclosing this, a spokesperson of the Chief Minister’s office said that the move was in line with the directives of the Ministry of Finance, Government of India, for eligibility to procure Additional Borrowing of 2% of GSDP in 2020-21, subject to implementation of specific State Level Reforms by January 31, 2021. Automatic renewal of certificates/licences required by Business Entities is one of the reforms.

It was mandatory, therefore, to change the Rules for providing automatic approvals to avail of the additional 2% borrowing, said the spokesperson.

At present, there is no provision of Automatic Renewal of Licence under Punjab Factory Rules, 1952, so a new Rule is to be inserted in Punjab Factory Rules, 1952 to give such facility to the industries in the State. Accordingly, the Cabinet has given the nod for insertion of new Rule 10-A, related to the “Automatic Renewal of Licence” under Factories Act, 1948/Punjab Factory Rules, 1952.

Likewise, acceding to the demand of industries in wake of technological upgradation across various platforms, new Rule 114 in the Punjab Factory Rules, 1952, with regard to maintenance of different prescribed registers under Factories Act, 1948 and Punjab Factory Rules, 1952 in electronic/digital format, has also been inserted.

OKAYS RELEASE OF RS.1046 CR TO LOCAL GOVERNMENT DEPT UNDER PUEIP PHASE-II

Meanwhile, to ramp up the civic infrastructure and improve the quality of public life in 167 Urban Local Bodies (ULBs), the Cabinet has okayed release of Rs.1046 crore of funds to the Local Government Department under the Punjab Urban Environment Improvement Programme (PUEIP) Phase-II.

The Punjab Government had initiated PUEIP in the Financial Year 2019-20 to improve the infrastructure related to roads, drains, street lights, solid waste management and construction & maintenance of parks etc., to ensure better quality of life of residents in 167 ULBs, and had sanctioned Rs.298.75 crore for this programme.


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