Punjab Govt's Bold Steps for Industrial and Commercial Revival

Punjab, long seen as India's breadbasket, is scripting a new story,one that shifts from the weary narrative of agrarian distress to a bold industrial resurgence.

- baljit singh brar

Under the watch of Chief Minister Bhagwant Mann, the government has finally begun to swap sluggish policy paralysis for decisive action. The centerpiece is the One-Time Settlement Scheme for Recovery of Outstanding Dues, 2025. From October 1, taxpayers will see unprecedented relief, 100% waiver on interest and penalties, and steep cuts on outstanding dues (50% for liabilities under ?1 crore, 10% for dues above ?25 crore). For businesses suffocating under financial overhang, this is not merely relief; it's a lifeline. For rice mills he backbone of Punjab's procurement economy, the One-Time Settlement Policy 2025 aims to reopen shuttered units, resolve festering disputes, and unclog paddy purchases.