Manipur government planning to legalise Cannabis: Biren
Pothashang News Service: Imphal, September, 21, 2019: Manipur government is planning to legalise Cannabis solely for the medicinal and industrial purposes, said chief minister N. Biren Singh on Saturday.
The state Cabinet would discuss the matter in the next Cabinet meeting, Biren said.
States like Arunachal Pradesh, Uttar Pradesh and Uttarakhand have already legalised Cannabis for medicinal purposes, he added.
The chief minister also announced that under the ‘Start-up Manipur’ scheme, a new program called ‘Stand-up Manipur’ would be introduced to provide soft loans to SC, ST, OBC, minority entrepreneurs of the state. A Facilitation Cell for enabling SC/ST/OBC/minority entrepreneurs to provide information and assist the entrepreneurs belonging to weaker sections for availing the projects under various schemes of Government of India, he added.
Expressing the historic step taken by the Union finance minister Nirmala Sitharaman on corporation tax rate cuts, the chief minister said all domestic companies would be allowed to pay corporation tax at the rate of 22 percent which was earlier 30 percent. Any new domestic manufacturing company, incorporated on or after October 1, 2019, will be allowed to pay corporation tax at the rate of 15 percent, he added. He maintained that no tax on buyback of shares in case of listed companies which have already made a public announcement of buyback before July 5.
Biren said there would be an expansion in the scope of CSR activities. The companies can now spend 2 percent of the money on state or Union government incubators, PSUs, state universities, IITs, public-funded entities, he added.
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