Delhi CM calls for market development

Delhi CM calls for market development
23/12/2017 , by , in News/Views

Delhi government’s budget for 2018-19 may have a special fund for development of the capital’s markets. This fund would be spent only after a dialogue and recommendations of the general body of market support committees that are being set up for gathering feedback on GST.

Saying that promoting trade and industry was a priority for the AAP government, chief minister Arvind Kejriwal on Thursday urged finance minister Manish Sisodia to make room for the special fund. “This fund can be used for developing several facilities in markets, like parking space, toilet complexes and resurfacing of roads,” he said.

The CM was speaking at a meeting of representatives drawn from 65 market support committees where concerns related to implementation of GST were raised. The others who attended the meeting included chief secretary Anshu Prakash, finance secretary SN Sahai and trade and taxes commissioner H Rajesh Prasad. According to the AAP Trade Wing, the committees will increase to about 200 before the end of the financial year. Currently, there are 5.5 lakh traders registered on the GST network. “The market committees will have a say in deciding the projects in their respective areas. Such decisions will be taken in general body meetings of market associations. Based on feedback, the department concerned will establish the viability of the development work and then execute it,” the CM added.

Concurring with the deputy CM, Kejriwal made a strong pitch for doing away with the 28% tax slab under GST. Sisodia also demanded abolition of Integrated GST (IGST) levied on inter-state supply of goods and services. “IGST is a needless tax,” he said.

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