Amid the ongoing pandemic, the Punjab cabinet has decided to levy Special Infrastructure Development (special ID) fee on the sale of petrol, diesel and immovable property, in an attempt to generate additional revenue of Rs 216.16 crore.
According to the state government, the collected fee would be deposited for the development fund of Punjab Infrastructure Development Board (PIDB). The special ID fee is set at Rs 0.25 per litre each on the sale of petrol and diesel within the state and Rs 0.25 for every 100 rupees of the value of immovable property purchase.
An amendment would be made to bring in effect the imposition of special ID fee by adding a new Section 25-A on the levy of special fee in the existing provision.
Furthermore, as compared to the neighboring regions like Chandigarh and Haryana, petrol and diesel would be costlier in Punjab with the decision to impose the special ID fee.
The Cabinet meeting was held under the leadership of Punjab’s Chief Minister Amarinder Singh, which approved the amendments in the Punjab Infrastructure (Development and Regulation) Act, 2002 through promulgation of an Ordinance and thereafter introducing a Bill — the Punjab Infrastructure (Development and Regulation) Amendment Bill, 2021 in the Vidhan Sabha.
Another decision was taken during the meeting when the cabinet approved the acquisition, conservation and use of Mubarik Manzil Palace, Malerkotla in district Sangrur.
To get the acquisition of Mubarik Manzil Palace, the government will offer Rs 3 crore to the owner of the property and transfer the property rights to the state government.
The CM said that it would be instrumental in preserving the rich legacy of the state. Earlier, Begum Munawwar-ul-Nisa, owner of the Mubarik Manzil Palace, had written to the state government showing concern that the property is over 150-years old and a valuable heritage property that must be conserved for future.