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Sunday, August 14, 2011

Pranab rules out giving tax concession to N Bengal

SILIGURI, 13 AUG: The Union finance minister, Mr Pranab Mukherjee, categorically ruled out any possibility of providing tax concession to north Bengal. “There is no proposal to declare the region a tax-free zone,” he said, adding providing such concession to a particular state would raise ruckus in other states.
“We provided such preferential treatment to some states like Himachal Pradesh and Uttarakhand. But other states raised cavil. So we have to be circumspect on the matter,” Mr Mukherjee said.
He, however, added that the Special Economic Zone in any state was entitled to tax exemption for ten years.
He was in Siliguri today to inaugurate a housing complex for the employees of the Siliguri branch of the Income-Tax department in Himachal Bihar.
Appreciating Miss Mamata Banerjee's endeavour to develop north Bengal, the Union finance minister (see file photo) said that the Centre was with her.
“The chief minister is ambitious. We appreciate that. We hope that the volume of regional trade with Bangladesh and Nepal would grow in the coming days, “he said.
He, however, evaded the subject of tea unrest going on in the plantation in the region, saying that the new government was looking into it. “A problem exists, but it would be resolved soon,” he stated. sns

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