Money Laundering Act and Krishi Kalyan Cess : Rally at Muktsar on August 28 to plan further strategy
Ferozepur August 26, 2018: The arthias – Commission Agents – in the state against Money Laundering Act and Krishi Kalyan Cess imposed to fund farmer’s welfare scheme, continued their protest.
The Prevention of Money Laundering Act, 2002 was introduced is by the NDA government to prevent money-laundering and to provide for confiscation of property derived from money-laundering. According to Act, no money lender shall carry on the business of advancing loans unless he gets himself registered before the Collector of the concerned district.
While the he Union Budget 2016-17 for the first time introduced a 0.05% ‘Krishi Kalyan Cess’ on all services to fund its ambitious programme of to fund the Centre’s heightened allocation for the rural economy.
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Money Laundering Act and Krishi Kalyan Cess: Rally at Muktsar on August 28 to plan further strategy
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Vijay Kalra, President, Punjab Arthias Federation said, the ‘black laws’ introduced by the government is in fact a process to ruin the arthias in the state.
The Centre government has cheated with the farmers and arthias by not implementing Dr.Swaminathan’s report and now the Punjab government is bent upon spoiling the business of arthias, Kalra said. With such decisions, the farmers, as well as the arthias, are likely to be badly affected.
Kalra said, the financial circle of farmers through the arthias cannot be run through the banks as both are harmonized to each other.
He said, the arthias of the state have decided to close down their work on August 27, 2018, and to hold a protest rally at Muktsar on August 28.
Kalra said the further strategy would be decided after getting the views of arthias in the state level rally. He, however, appealed to the arthias to join the rally in good numbers.
