The Tribune, Chandigarh, India

Wednesday, May 8, 2002, Chandigarh, India

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No more subsidy for Punjab units
Chander Parkash
Tribune News Service

Bathinda, May 7
In an important decision, which can have far reaching consequences on the development of the state, the Punjab Government has imposed a ban on granting capital and interest subsidy to new and existing industrial units, respectively. The government has already withdrawn the facility of sale tax exemption to new units about two years ago.

Official sources said the government had taken this decision as it had been facing an acute financial crisis.

Mr T.R. Sarangal, Director, Industries and Commerce, said he had given instructions, banning the disbursement of capital and interest subsidy.

Punjab to seek vacation of Judge’s order
Tribune News Service

Chandigarh, May 7
The Punjab Government will seek vacation of the interim order issued by Mr Justice Garewal, besides seeking dismissal of the petition filed by PPSC Chairman Ravi Sidhu seeking a ban on the release of information to the media about investigations in the recruitment scam.

The Advocate-General of Punjab, Mr Harbhagwan Singh, confirmed that the reply to the notice of motion issued by the court was being finalised and would be filed by Monday. The next hearing in the case has been fixed for May 17.