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Home Punjab Punjab govt to table Bill in assembly to boost investment

Punjab govt to table Bill in assembly to boost investment

Chandigarh, October 18

The Punjab authorities will desk a Invoice in a particular meeting session starting Monday to enhance the state’s funding local weather and generate employment.

The state cupboard authorised the conversion of the Factories (Punjab Modification) Ordinance, 2020 right into a Invoice at a gathering chaired by Chief Minister Amarinder Singh, an official assertion stated.

The Invoice is aimed toward amending a related part and inserting a brand new part within the Factories Act, 1948. It supplies for altering the present threshold restrict for small items.

The change has been necessitated by the rise in manufacturing actions by small items within the state and is aimed toward selling small manufacturing items. This might assist create extra employment alternatives for staff, it stated.

In view of the absence of any provision within the present legislation for compounding of offences for violations discovered on the time of the inspection of factories by the Inspector, the Invoice may even incorporate a related part within the Act. It will facilitate sooner settlement of circumstances and discount in court docket motion, the assertion stated.

On October 14, the state Cupboard determined to convene a particular session of the state meeting right here to herald a laws to counter the Centre’s new farm legal guidelines.

The 2-day session will start on Monday. — PTI

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