Punjab declares relaxations for business to spice up funding

Chandigarh, July 24

To encourage funding within the state amid the COVID-19 pandemic, the Punjab authorities has introduced a slew of relaxations for business, together with extension of validity of statutory clearances with out inspection, based on an official assertion.

Detailed tips to this impact have been issued by the Punjab Pollution Control Board (PPCB), which finalised the relaxations, on the directives of Chief Minister Amarinder Singh, as per the official assertion launched on Friday.

The transfer is geared toward additional easing the method of acquiring statutory clearances in these tough circumstances, a spokesperson of the Chief Minister’s Office mentioned within the assertion.

He mentioned the relaxations will assist instill confidence amongst buyers and encourage them to put money into the state through the present coronavirus pandemic in a hassle-free method.

PPCB Chairman S S Marwaha, as quoted within the assertion, mentioned the board had prolonged the validity of consent to determine and function, authorisation, registration and another necessary regulatory clearances as much as June 30, 2020, in view of the pandemic.

The validity of the clearances has additionally been additional prolonged as much as March 31, 2021, with sure stipulations on submission of software with out conduct of any inspection by the Board, he mentioned.

In order to make sure the participatory regulatory compliance of the environmental rules, the industries that have been working with out the consent of the board have been given time until December 31 this 12 months to use for acquiring clearances beneath the voluntary disclosure scheme, mentioned Marwah.

They can achieve this with exemption to deposit the consent payment previous to November 1, 2018, and fee of one-time notional payment of Rs 5,000.

Meanwhile, Principal Secretary (Science, Technology and Environment) Alok Shekhar mentioned these initiatives would immensely help the business in finishing their regulatory compliances and can improve the regulatory regime by the small-scale industries throughout these making an attempt circumstances. —PTI


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