Union government would not increase industrial package to HP: Anurag Thakur

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Shimla: Union Minister of State for Finance and Corporate Affairs Mr Anurag Thakur on Monday said that Union government would not increase the industrial package to Himachal Pradesh. Addressing a press conference at Hotel Peterhoff here, to commemorate 100 days of NDA Government, he replied to a media query that currently no proposal to increase the industrial package for Himachal is before the government. The minister said that after tax reforms and implementation of GST, there are number of incentives to new industries which are to be set up in the state. He said that state was hosting investment conclave at Dharamshala which would attract more industries and investment in the state. We have taken call if we have to compete with global economy he said that as per the per hectare production of apple which is seven to eight times more in the advance country we should look that Apple production increase here and we have to link that production with the market. He said that keeping with increase in the apple import duty in the past government could not go unlimited creating more gap. 100 days of Modi government scripted many historic decisions like abrogating Article 370 fulfilling the long pending demand of Ladakh to declare it Union Territory, enacting Triple Talak bill for woman of Muslim community.

Mergers of public sector banks would strengthen banking network and increase the power of bank for more lending and the Union Government has released Rs 70,000 Cr to public sector bank, Rs 100 lakh Crore for setting up the infrastructure projects and he said that Union government also paid Rs 142 crore non banking Finance Companies to improve their services. He said that RBI decreased the repo rate he said that the bank reforms were take with fast pace. To improve function of Banks government came up with insolvency and Bankruptcy legislation in which clauses of Fugitive Economic offence made more stringent. Responding to Global slow down Mr Thakur said that After Lok Sabha election Union ministry of finance responded quickly to address the issue. He said that on suggestions of automobile companies government allowed all F-4 Vehicles to ply on the road till their registration last. Moreover additional appreciation was being given to the vehicle where registration is going to expire by Mar 21 2020. He said that GST slabs on the automobiles have been reduced from 12 percent to Five percent and from 18 percent ot 12 pc in certain category. Mr Thakur said that country could not remained immune to world slowdown impacted Indian Economy too, he however added that despite the slow down last month FDI registered record investment.