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Nitin Gadkari urged UP govt end stamp duty on toll collection agreements | India News

NEW DELHI: Union road transport and highways minister, Nitin Gadkari urged the Uttar Pradesh government on Thursday to exempt the agreements between NHAI and the toll collecting entities from the purview of stamp duty in the state. He also urged the BJP government to consider halving the utility shifting supervision charge from 5% to 2.5% on the lines being done by other states.
He was speaking after virtually inaugurating and laying the foundation stones of 16 NH projects with a total length of over 500 km worth Rs 7,477 crore in the state. UP chief minister Yogi Adityanath, state ministers and MPs were also present in the event.
Gadkari said there was little logic behind levying such stamp duty on the revenue earned by the Centre. He said his ministry has been releasing funds and spending amounts in highway development, which was much more than what the state charges in the form of stamp duty.
He cited how his ministry has sanctioned works worth Rs 15,439 crore using the Central Road Fund since 2014 in the state. He said Rs 4,628 crore have been released till last year under the scheme, while another over Rs 287 crore were sanctioned in the current year and on Thursday he approved releasing Rs 280 crore more.
This is not the first time when these issues have been flagged. His ministry had raised the issue of the state taking high supervision charges for utility shifting in September last year when the widened highway stretch between Dasna and Hapur was inaugurated.
On Thursday, Gadkari said about 3,700 km NH length worth Rs 42,000 crore has been added in Up in the last six years. He said as much as Rs 26,000 crore has been disbursed towards land acquisition cost in the state during the last three years.
The minister said NH works of 2,900 km worth Rs 65,000 crore will be completed in the current year in UP and another 1,100 km length involving Rs 14,000 crore expenditure are targeted to be awarded this year.


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