State cabinet to deliberate on legalisation of cannabis: Biren
Cannabis also known as marijuana has been already legalised at three states in the country. To legalised cannabis in Manipur, the matter will be discussed in the next cabinet meeting with the objective to increase the state economy.
Chief minister, N. Biren Singh stated during a press conference held today at his secretariat office located at Babupara, Imphal.
He said cannabis has already been legalised in three states, namely Arunachal Pradesh, Uttar Pradesh and Uttarakhand for medicinal purposes. Various types of wild cannabis are found in the State but if such plants are legalised under a system, economy could be increased easily, he added.
The plant is to be used only for medicinal and industrial purpose. Citing an example, Biren said oil extracted from Cannabis is useful to strengthen nerves and to recover patients suffering from paralysis.
He further said the government will start a new programme called ‘stand up Manipur’ which will be a party of ‘start up’ policy giving focus on weaker section of the society. A felicitation cell will be established to provide information regarding the various schemes to be provided for those who are in the minority category group, he said. ‘Stand up Manipur’ will be eligible for people under minority category groups only, he added.
He further said Gross State Domestic Product (GSDP) growth rate has increased from 4 percent in 2016-17 to 8 percent in 2018-19. He said State owned tax revenue was Rs. 587 crore in 2016-17. But with the coming of the BJP led coalition government, it has been pulled up to Rs. 799 crore and in 2018-19 the revenue has increased to more than Rs. 1000 crores, he continued.
The increase in development is due to the initiatives and support from public, he said. If such transformation is further carried into the future, Manipur will become an advanced state soon, he added.
Bandhs, blockade and others which give impact to the state economy were frequent at one time, but with better relationship with the state government and the public, the state economy has been transformed completely, said Biren.
He further said coming of foreign tourists have increased instantly as compared to the rate measured in 2015-16. If such environment is maintained, then Manipur will be developed socially, economically in the next few years, he added.
Expressing the historic step taken by the union finance minister, Nirmala Sitharaman on corporation tax rate cuts, Biren 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 said there will be no tax on buyback of shares in case of listed companies which have already made a public announcement of buyback before July 5, 2019.
He also said that 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.
He appealed to the people of Maram and Makhan not to raise any issue concerning the act or arson as it could be solved on a negotiating table with him. If necessary, a ministerial team will be sent to solve the issue, he assured.
The press conference was attended by principal secretary (Finance) Rakesh Ranjan who is also principal secretary to CM, OSD to CM Sumant Singh and other officials.
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