Delhi govt to create separate fund for city markets

New Delhi: Delhi chief minister Arvind Kejriwal, on Thursday, asked his deputy, Manish Sisodia, to make a provision for a separate fund in the next budget for the development of infrastructure in the city’s markets. This fund will be used for developing several facilities in market areas like parking space, toilet complex, and resurfacing of roads.

Addressing the representatives of GST Market Support Committees, Mr Kejriwal said that the AAP government wants to promote trade and industry in the national capital.

“I want to request deputy chief minister Manish Sisodia to create a separate fund for the development of infrastructure in the city markets in the next budget,” the chief minister said.

As per the plan, market associations will have a say in deciding the projects in their respective areas. “Such decisions will be taken in the general body meeting of the market associations, where we will ask traders about their issues,” Mr Kejriwal said.

He also said that 28 per cent tax slab under the goods and service tax (GST) should be reduced. Mr Manish Sisodia, who heard the issues of the traders for over an hour at a meeting of the market committees, also demanded abolition of the integrated GST (IGST) that is levied on inter-state supply of goods and services.

“IGST is a needless tax. There is no need for IGST,” he said. This is the second meeting of the GST Market Support Committees that has been held by the Delhi government.