अब आप न्यूज्ड हिंदी में पढ़ सकते हैं। यहाँ क्लिक करें
Home » IANS » Punjab Cabinet nod to Bill to boost small industrial units

Punjab Cabinet nod to Bill to boost small industrial units

Published on :

Chandigarh, Oct 18 (IANS) To further improve the state’s investment climate and generate employment, the Punjab Cabinet on Sunday approved the conversion of the Factories (Punjab Amendment) Ordinance 2020 into a Bill to be tabled for enactment of law in the Vidhan Sabha on Monday.

The approval came during a virtual meeting of the Council of Ministers headed by Chief Minister Amarinder Singh.

The Bill provides for changing the existing threshold limit for small units. The change has been necessitated by the increase in manufacturing activity by small units in the state, and is aimed at promoting small manufacturing units.

This would help create more employment opportunities for workers, according to an official spokesperson.

Further, in view of the absence of any provision in the existing law for compounding of offences for violations found at the time of inspection of factories by an Inspector, the Bill will also incorporate Section 106-B in the proposed Act.

This will facilitate faster settlement of cases and reduction in court action, said the spokesperson.



(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
(For more latest news and updates Like us on Facebook, Follow us on Twitter. Download our mobile app )