Fish Eye

29/07/2023

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29/07/2023

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Fish Eye is a daily english newspaper published from, Srinagar, Jammu and Kashmir.

19/05/2023

23/02/2023

FRONT PAGE 24 FEB, 2023

22/02/2023

Fish Eye Front Page
23-02-2023

22/02/2023

Govt. clears confusion about Property Tax

The Government of J&K on Wednesday said that lot of factually incorrect and misleading information is circulating in the media with regard to property tax notification, with a potential of misguiding the people, so it became important that the common public is aware of the correct and full facts of the matter.

Why property tax in J&K?

Property tax is being levied across the world by Municipalities to augment their resources. J&K was the only State/UT in the country which did not have. With poor finances, the ULBs across the UT were not able to deliver to their fullest! The revenue from other sources accounted for less than 15% of their operational expenses. Where are the funds for development available? Do we wish to remain entangled in the low revenue, low service level spirals? Was the any case for not collecting it in J&K? Certainly not!

What is Property Tax?

A robust and effective system of local self-government is foundational to the effective functioning of a democracy. A fundamental enabling condition for such a system to exist is to have adequate finances at the disposal of the institutions of self-government, and the more such finances are mobilized at the local level by these governments, the better for their effective functioning. One of the essential pillars of municipal financing the world over is property taxes. Government of India and the Finance Commissions set up by it, have been strongly recommending tapping this resource from time to time. It is with this background, and with an intend to strengthen out ULBs and ramp up the urban development for the betterment of common masses, the Government has decided to impose property tax in the Union Territory of Jammu and Kashmir. Is any development possible without adequate resources? Certainly not.

Will Government take away the monies collected?

Certainly Not! The monies will be collected by the ULBs, retained by them and then used for their development needs. If the tax is being collected from the people and spend only for their betterment, improving their quality of life, what is the problem?

Is it very high?

No, not at all! The Property Tax is proposed to be levied at 5% of Taxable Annual Value (TAV) of the Property in case of a Residential Property and at 6% of Taxable Annual Value (TAV), in case of Non-Residential Property. Infact, Tax rates, even in the Corporations are one of the lowest in the country, almost half that of Himachal, and one fourth to one sixth, overall, of other progressive States like Gujarat Maharashtra and Karnataka,and Delhi. Again, tax rates are 25% lower in the Municipal Councils, and 50 % in Municipalities. Moreover, it is progressive. Residential houses upto a buildup area of 1000 sqft have been exempted. Smaller assets are being taxed at lower rates. The taxable annual value has been linked to circle rates – lower the circle rate, lower is the tax liability! Further, weightage to age of property, use type and construction type etc is used to arrive on Annual Taxable value in a more comprehensive manner.If an owner of a residential bungalow over a kanal of land in a posh colony of Gandhinagar in Jammu and Raj Bagh in Srinagar, with the value of their assets being more than five crores, is required to pay Rs 500/- pm, is it unreasonable? Or is it unreasonable to charge Rs 100/- pm or even less, from a 3BHK apartment owner?Unjustified?Certainly not!
Similarly, all places of worship, including temples, masjids, gurudwaras, churches, ziarats, etc are exempt from payment of property tax.

For residential establishments
(Tax payable in Rs)
Property
Jammu/ Srinagar
Chandigarh
Delhi
Ludhiana

Residential House/Flat upto 1000 Sqft
0
600-1000
300-7000
150-3500

Flat/Apartment 1500 Sqft
100-1150
900-1500
500-10000
300-10000

Residential Independent House 2000 Sqft
225-2500
1200-2000
650-14000
400-13000

Similarly, small commercial establishment especially shops upto size of 100 sqft and 200 sqft are also provide relief with very minimal Tax implications. It is pertinent to mention that most of the shops especially in neighbourhood areas and old markets fall in this category.

For commercial establishments
(Tax payable in Rs)
Property
Jammu/Srinagar
Chandigarh
Delhi
Ludhiana

Small Shop 100 SqFt
50-600
200-650
275-3500
275-3500

Small Shop 200 SqFt
150-1800
400-1300
550-7000
550-7000

As Property Tax is to be levied annually and can be paid in two equal instalment it will not be burdening common citizen. Further, as per Act 10% rebate can be availed by early submission of Property Tax.

This new Property tax policy will help municipal bodies to generate revenue for better municipal services with minimum Tax implications to residents. Better municipal services are expected to attract more investment and encourage more people to set up businesses in the J&K. Revenue generated from property taxeswill be used to improve infrastructure, and significantly enhancing the quality and levels of being services provided byMunicipal bodies. Let us all be a part of this new Urban Renaissance J&K is witnessing. (KNS)
All You need to know about Property Tax
Govt. clears confusion about Property Tax

Says incorrect information has a potential to misguide people
Srinagar, Feb 22 (KNS): The Government of J&K on Wednesday said that lot of factually incorrect and misleading information is circulating in the media with regard to property tax notification, with a potential of misguiding the people, so it became important that the common public is aware of the correct and full facts of the matter.

Why property tax in J&K?

Property tax is being levied across the world by Municipalities to augment their resources. J&K was the only State/UT in the country which did not have. With poor finances, the ULBs across the UT were not able to deliver to their fullest! The revenue from other sources accounted for less than 15% of their operational expenses. Where are the funds for development available? Do we wish to remain entangled in the low revenue, low service level spirals? Was the any case for not collecting it in J&K? Certainly not!

What is Property Tax?

A robust and effective system of local self-government is foundational to the effective functioning of a democracy. A fundamental enabling condition for such a system to exist is to have adequate finances at the disposal of the institutions of self-government, and the more such finances are mobilized at the local level by these governments, the better for their effective functioning. One of the essential pillars of municipal financing the world over is property taxes. Government of India and the Finance Commissions set up by it, have been strongly recommending tapping this resource from time to time. It is with this background, and with an intend to strengthen out ULBs and ramp up the urban development for the betterment of common masses, the Government has decided to impose property tax in the Union Territory of Jammu and Kashmir. Is any development possible without adequate resources? Certainly not.

Will Government take away the monies collected?

Certainly Not! The monies will be collected by the ULBs, retained by them and then used for their development needs. If the tax is being collected from the people and spend only for their betterment, improving their quality of life, what is the problem?

Is it very high?

No, not at all! The Property Tax is proposed to be levied at 5% of Taxable Annual Value (TAV) of the Property in case of a Residential Property and at 6% of Taxable Annual Value (TAV), in case of Non-Residential Property. Infact, Tax rates, even in the Corporations are one of the lowest in the country, almost half that of Himachal, and one fourth to one sixth, overall, of other progressive States like Gujarat Maharashtra and Karnataka,and Delhi. Again, tax rates are 25% lower in the Municipal Councils, and 50 % in Municipalities. Moreover, it is progressive. Residential houses upto a buildup area of 1000 sqft have been exempted. Smaller assets are being taxed at lower rates. The taxable annual value has been linked to circle rates – lower the circle rate, lower is the tax liability! Further, weightage to age of property, use type and construction type etc is used to arrive on Annual Taxable value in a more comprehensive manner.If an owner of a residential bungalow over a kanal of land in a posh colony of Gandhinagar in Jammu and Raj Bagh in Srinagar, with the value of their assets being more than five crores, is required to pay Rs 500/- pm, is it unreasonable? Or is it unreasonable to charge Rs 100/- pm or even less, from a 3BHK apartment owner?Unjustified?Certainly not!
Similarly, all places of worship, including temples, masjids, gurudwaras, churches, ziarats, etc are exempt from payment of property tax.

For residential establishments
(Tax payable in Rs)
Property
Jammu/ Srinagar
Chandigarh
Delhi
Ludhiana

Residential House/Flat upto 1000 Sqft
0
600-1000
300-7000
150-3500

Flat/Apartment 1500 Sqft
100-1150
900-1500
500-10000
300-10000

Residential Independent House 2000 Sqft
225-2500
1200-2000
650-14000
400-13000

Similarly, small commercial establishment especially shops upto size of 100 sqft and 200 sqft are also provide relief with very minimal Tax implications. It is pertinent to mention that most of the shops especially in neighbourhood areas and old markets fall in this category.

For commercial establishments
(Tax payable in Rs)
Property
Jammu/Srinagar
Chandigarh
Delhi
Ludhiana

Small Shop 100 SqFt
50-600
200-650
275-3500
275-3500

Small Shop 200 SqFt
150-1800
400-1300
550-7000
550-7000

As Property Tax is to be levied annually and can be paid in two equal instalment it will not be burdening common citizen. Further, as per Act 10% rebate can be availed by early submission of Property Tax.

This new Property tax policy will help municipal bodies to generate revenue for better municipal services with minimum Tax implications to residents. Better municipal services are expected to attract more investment and encourage more people to set up businesses in the J&K. Revenue generated from property taxeswill be used to improve infrastructure, and significantly enhancing the quality and levels of being services provided byMunicipal bodies. Let us all be a part of this new Urban Renaissance J&K is witnessing.

22/02/2023

Govt. clears confusion about Property Tax

Says incorrect information has a potential to misguide people
Srinagar, Feb 22 (KNS): The Government of J&K on Wednesday said that lot of factually incorrect and misleading information is circulating in the media with regard to property tax notification, with a potential of misguiding the people, so it became important that the common public is aware of the correct and full facts of the matter.

Why property tax in J&K?

Property tax is being levied across the world by Municipalities to augment their resources. J&K was the only State/UT in the country which did not have. With poor finances, the ULBs across the UT were not able to deliver to their fullest! The revenue from other sources accounted for less than 15% of their operational expenses. Where are the funds for development available? Do we wish to remain entangled in the low revenue, low service level spirals? Was the any case for not collecting it in J&K? Certainly not!

What is Property Tax?

A robust and effective system of local self-government is foundational to the effective functioning of a democracy. A fundamental enabling condition for such a system to exist is to have adequate finances at the disposal of the institutions of self-government, and the more such finances are mobilized at the local level by these governments, the better for their effective functioning. One of the essential pillars of municipal financing the world over is property taxes. Government of India and the Finance Commissions set up by it, have been strongly recommending tapping this resource from time to time. It is with this background, and with an intend to strengthen out ULBs and ramp up the urban development for the betterment of common masses, the Government has decided to impose property tax in the Union Territory of Jammu and Kashmir. Is any development possible without adequate resources? Certainly not.

Will Government take away the monies collected?

Certainly Not! The monies will be collected by the ULBs, retained by them and then used for their development needs. If the tax is being collected from the people and spend only for their betterment, improving their quality of life, what is the problem?

Is it very high?

No, not at all! The Property Tax is proposed to be levied at 5% of Taxable Annual Value (TAV) of the Property in case of a Residential Property and at 6% of Taxable Annual Value (TAV), in case of Non-Residential Property. Infact, Tax rates, even in the Corporations are one of the lowest in the country, almost half that of Himachal, and one fourth to one sixth, overall, of other progressive States like Gujarat Maharashtra and Karnataka,and Delhi. Again, tax rates are 25% lower in the Municipal Councils, and 50 % in Municipalities. Moreover, it is progressive. Residential houses upto a buildup area of 1000 sqft have been exempted. Smaller assets are being taxed at lower rates. The taxable annual value has been linked to circle rates – lower the circle rate, lower is the tax liability! Further, weightage to age of property, use type and construction type etc is used to arrive on Annual Taxable value in a more comprehensive manner.If an owner of a residential bungalow over a kanal of land in a posh colony of Gandhinagar in Jammu and Raj Bagh in Srinagar, with the value of their assets being more than five crores, is required to pay Rs 500/- pm, is it unreasonable? Or is it unreasonable to charge Rs 100/- pm or even less, from a 3BHK apartment owner?Unjustified?Certainly not!
Similarly, all places of worship, including temples, masjids, gurudwaras, churches, ziarats, etc are exempt from payment of property tax.

For residential establishments
(Tax payable in Rs)
Property
Jammu/ Srinagar
Chandigarh
Delhi
Ludhiana

Residential House/Flat upto 1000 Sqft
0
600-1000
300-7000
150-3500

Flat/Apartment 1500 Sqft
100-1150
900-1500
500-10000
300-10000

Residential Independent House 2000 Sqft
225-2500
1200-2000
650-14000
400-13000

Similarly, small commercial establishment especially shops upto size of 100 sqft and 200 sqft are also provide relief with very minimal Tax implications. It is pertinent to mention that most of the shops especially in neighbourhood areas and old markets fall in this category.

For commercial establishments
(Tax payable in Rs)
Property
Jammu/Srinagar
Chandigarh
Delhi
Ludhiana

Small Shop 100 SqFt
50-600
200-650
275-3500
275-3500

Small Shop 200 SqFt
150-1800
400-1300
550-7000
550-7000

As Property Tax is to be levied annually and can be paid in two equal instalment it will not be burdening common citizen. Further, as per Act 10% rebate can be availed by early submission of Property Tax.

This new Property tax policy will help municipal bodies to generate revenue for better municipal services with minimum Tax implications to residents. Better municipal services are expected to attract more investment and encourage more people to set up businesses in the J&K. Revenue generated from property taxeswill be used to improve infrastructure, and significantly enhancing the quality and levels of being services provided byMunicipal bodies. Let us all be a part of this new Urban Renaissance J&K is witnessing. (KNS)

22/02/2023

Govt clears air on the Property Tax in J&K

22/02/2023

Under pressure, terrorists resorting to targeted killings in JK: Dr Jitendra

26/10/2021

DA hike to 31% effective from July 1: FinMin

New Delhi: Dearness Allowance for central government employees has been hiked to 31 per cent of the basic pay from 28 per cent with effect from July 1, 2021, the Finance Ministry said.

In an office memorandum, the Department of Expenditure, under the Finance Ministry, said the term 'basic pay' means the pay drawn as per the 7th pay commission matrix and does not include any other type of pay like special pay, etc.

"....the Dearness Allowance payable to central government employees shall be enhanced from the existing rate of 28 per cent to 31 per cent of the basic pay with effect from July 1, 2021," said the office memorandum dated October 25.

The hike will also apply to civilian employees paid from the Defence Services, while in respect of Armed Forces personnel and Railway employees, separate orders will be issued by the Defence and Railways Ministry, respectively.

The Union Cabinet had last week approved a 3 per cent hike in dearness allowance (DA) for central government employees and dearness relief (DR) for pensioners over the 28 per cent existing rate.

The decision will benefit about 47.14 lakh central government employees and 68.62 lakh pensioners.

In July this year, and DA rate was increased from 17 per cent to 28 per cent. With a 3-per cent hike now, the DA rate will become 31 per cent.

The combined impact on the exchequer on account of the Dearness Allowance and Dearness Relief would be Rs 9,488.70 crore.

Following the COVID pandemic outbreak, the government had frozen the three additional instalments of the DA and DR, which were due from January 1, 2020, July 1, 2020, and January 1, 2021. The freeze was lifted from July 1, 2021, and the DA, DR rate was hiked by 11 percentage points to 28 per cent.

07/10/2021

FRONT PAGE
THE DAILY " FISH EYE"

07/10/2021

https://dailyfisheye.com/2021/10/07/have-we-lost-our-ground-intelligence-altaf-bukhari/

Srinagar: With Kashmir witnessing a spate of civilian killings by militants, Jammu and Kashmir Apni Party (JKAP) chief Altaf Bukhari on Thursday said there is a need to ponder whether the ground and human intelligence has failed or the enemy has become sharper and more organised. Bukhari, a business...

07/10/2021

https://dailyfisheye.com/2021/10/07/targeted-civilian-killings-aimed-at-denting-communal-harmony-dgp/

Srinagar: The targeted killing of civilians, particularly minorities, in Kashmir is aimed at creating an atmosphere of fear and damaging age-old communal harmony, Jammu and Kashmir Police chief Dilbag Singh said after two teachers were shot dead by militants on Thursday. The people who are targeting...

07/10/2021

https://dailyfisheye.com/2021/10/07/pm-dedicates-psa-oxygen-generation-plants-under-pmcf/

SRINAGAR: Lieutenant Governor Manoj Sinha today felicitated Covid warriors including doctors, nurses, para-medical staff, and ambulance drivers for their selfless service to humanity in trying times, and flagged off 68 critical care ambulances that will be integrated with the existing fleet of 108 a...

07/10/2021

https://dailyfisheye.com/2021/10/07/govt-school-principal-teacher-shot-dead-in-fresh-killings-in-kashmir/

Srinagar: Principal and a teacher of a government school were shot dead by unknown gunmen suspected to be militants at sangam Eidgah area of Srinagar on Thursday. The killings came a day after three civilians including owner of famous chemist shop Bindroo medicate were killed in Srinagar and Bandipo...

05/10/2021

http://dailyfisheye.com/2021/10/05/3-civilians-shot-dead-in-srinagar-bandipora/

Srinagar: In a series of attacks within hour or so, suspected militants shot dead three civilians including owner of a prominent chemist shop Makhan Lal Bindroo in Srinagar and Bandipora districts. A police spokesman said at about 1925 hours, Police received information about a firing incident near....

05/10/2021

http://dailyfisheye.com/2021/10/05/102-fresh-covid-19-cases-no-death-reported-in-jk/

Srinagar: Jammu and Kashmir reported 102 fresh covid-19 cases even as there was no death due to the virus in the last 24 hours, officials said on Tuesday. 29 of these cases were reported from Jammu Division and 73 from Kashmir Valley, taking the overall tally to 329991. There was no death due to the...

05/10/2021

http://dailyfisheye.com/2021/10/05/dak-calls-for-flu-testing-amid-covid-pandemic/

Srinagar: With the onset of flu season amid Covid-19 pandemic, Doctors Association Kashmir (DAK) on Tuesday urged authorities to make influenza testing kits available in Kashmir. “Covid and flu have similar symptoms and it is hard to diagnose which condition you have based on your symptoms alone,....

05/10/2021

http://dailyfisheye.com/2021/10/05/amit-shah-likely-to-visit-jk-this-month/

New Delhi: Union Home Minister Amit Shah is likely to visit Jammu and Kashmir later this month as part of the central government’s mega outreach programme, officials said on Tuesday. Shah will visit both regions of the Union Territory — Kashmir and Jammu — and the tour may take place from Octo...

05/10/2021

http://dailyfisheye.com/2021/10/05/plasma-therapy-futile-for-critically-ill-covid-patients-study/

Washington: Convalescent plasma therapy is “futile” as a treatment for most critically ill COVID-19 patients, according to a study published on Tuesday. The findings, published in the journal JAMA, are the latest from REMAP-CAP trial, which has enrolled thousands of patients in hundreds of hospi...

03/10/2021

Front page
THE DAILY " FISH EYE"

01/10/2021

FRONT PAGE
THE DAILY "FISH EYE"

01/10/2021

http://dailyfisheye.com/2021/10/01/20-days-old-militant-killed-in-shopian-encounter/

Shopian: A newly recruited militant was killed in an encounter in Rakhama village of Vehil hamlet in South Kashmir’s Shopian district on Friday. An official told the news agency—Kashmir News Observer (KNO) that based on specific inputs a cordon and search operation was launched by a joint team o...

01/10/2021

http://dailyfisheye.com/2021/10/01/live-life-based-on-secular-traditions-lgs-message-on-gandhi-jayanti/

Srinagar: Lieutenant Governor Manoj Sinha has extended greetings and good wishes to the people of Jammu and Kashmir on the eve of Gandhi Jayanti. In his message, the Lt Governor observed that Gandhi Jayanti reminds us to rededicate ourselves towards promoting amity, peace, selfless service, social e...