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Punjab becomes first state to introduce unique colour-coded stamp papers for investors

Punjab, one of India’s northern states, has introduced a unique system of colour-coded stamp papers for investors, becoming the first state in the country to do so.

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Punjab becomes first state to introduce unique colour-coded stamp papers for investors
(File Photo: Chief Minister Bhagwant Mann)


Chandigarh: Punjab, one of India’s northern states, has introduced a unique system of colour-coded stamp papers for investors, becoming the first state in the country to do so. The initiative is aimed at making stamp duty payment more transparent and convenient for investors, particularly those investing in real estate.

Stamp duty is a tax that is levied by the government on the transfer of property, and it is one of the most significant sources of revenue for state governments in India. The stamp duty is paid by purchasing a stamp paper, which is a legal document that acts as proof of payment of the tax.

The colour-coded stamp paper system introduced by the Punjab government assigns a specific colour to different denominations of stamp papers, making it easier for investors to identify the value of the stamp paper they require. The system also features a unique hologram and barcode that will prevent counterfeiting and ensure that the stamp papers are genuine.

In addition to making the stamp duty payment process more convenient, the colour-coded stamp paper system will also help prevent fraud and tax evasion. The new system will enable the government to track the use of stamp papers and detect any misuse or duplication of stamp papers.

The introduction of the colour-coded stamp paper system is expected to boost investor confidence in the state of Punjab and attract more investment in the real estate sector. The initiative is part of the state government’s larger effort to improve the ease of doing business in Punjab and make the state more investor-friendly.

The move has been welcomed by investors and industry experts alike, who have praised the state government’s innovative approach to stamp duty payment. The unique system of colour-coded stamp papers is expected to be replicated by other states in India, as they look to adopt best practices and improve transparency in tax administration.

In conclusion, the introduction of the colour-coded stamp paper system by the Punjab government is a significant step towards improving the ease of doing business in the state and boosting investor confidence. The innovative system is expected to have a positive impact on the real estate sector in the state and serve as a model for other states to follow.

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PM Modi Criticizes UN, Calls for Global Reforms on Lex Fridman Podcast

In a recent interview on the Lex Fridman Podcast, Indian Prime Minister Narendra Modi expressed strong criticisms of the United Nations and similar international organizations, labeling them as “almost irrelevant” in addressing contemporary global challenges. During the extensive conversation, Modi highlighted the inadequacies of these institutions in effectively managing escalating global conflicts, such as ongoing […]

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PM Modi Criticizes UN, Calls for Global Reforms on Lex Fridman Podcast
PM Modi during a podcast of Lex Fridman, in New Delhi | Image Kind Courtesy (ANI)

In a recent interview on the Lex Fridman Podcast, Indian Prime Minister Narendra Modi expressed strong criticisms of the United Nations and similar international organizations, labeling them as “almost irrelevant” in addressing contemporary global challenges.

During the extensive conversation, Modi highlighted the inadequacies of these institutions in effectively managing escalating global conflicts, such as ongoing wars in the Middle East and rising tensions between major powers like the United States and China.

Reflecting on the COVID-19 pandemic, Modi pointed out how the crisis exposed the limitations of individual nations and underscored the necessity for global unity and cooperation. He emphasized that the pandemic revealed significant gaps in the current international framework, calling for comprehensive reforms to enhance the efficacy of global governance.

This interview marks Modi’s second appearance on a podcast, following his earlier participation in Zerodha founder Nikhil Kamath’s “People by WTF” series. The Prime Minister’s engagement with modern digital platforms reflects his administration’s efforts to connect with a broader audience and address pressing global issues through contemporary media channels.

The Lex Fridman Podcast, known for its in-depth discussions with prominent figures across various fields, provided a platform for Modi to share his perspectives on international relations, the role of global institutions, and the need for adaptive reforms to meet the demands of an evolving world order.

Modi’s candid remarks have sparked discussions worldwide, prompting debates on the relevance and effectiveness of international organizations in the face of current global challenges. His call for reform resonates with a growing sentiment that existing institutions must evolve to better serve the international community in addressing complex, interconnected issues.

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Maharashtra Leaders Call for Aurangzeb’s Tomb Removal Amid Legal Considerations

In recent developments, political figures in Maharashtra have advocated for the removal of Mughal emperor Aurangzeb’s tomb, situated in Khuldabad, Chhatrapati Sambhajinagar district. Udayanraje Bhosale, a descendant of Maratha king Chhatrapati Shivaji Maharaj and a Bharatiya Janata Party (BJP) Member of Parliament, labeled Aurangzeb a “thief and looter,” urging authorities to demolish the tomb.

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Maharashtra Leaders Call for Aurangzeb’s Tomb Removal Amid Legal Considerations
Image for representational purposes only

In recent developments, political figures in Maharashtra have advocated for the removal of Mughal emperor Aurangzeb’s tomb, situated in Khuldabad, Chhatrapati Sambhajinagar district. Udayanraje Bhosale, a descendant of Maratha king Chhatrapati Shivaji Maharaj and a Bharatiya Janata Party (BJP) Member of Parliament, labeled Aurangzeb a “thief and looter,” urging authorities to demolish the tomb.

Maharashtra CM also in favor of Aurangzeb’s Tomb Removal

Chief Minister Devendra Fadnavis echoed this sentiment, expressing support for the tomb’s removal but emphasizing adherence to legal protocols. He noted that the site is under the protection of the Archaeological Survey of India (ASI), a designation made during a previous Congress-led administration. Fadnavis stated, “We all also want the same thing, but you need to do it within the framework of the law, because it is a protected site.”

In response to these calls, Maharashtra police have heightened security measures around the tomb to prevent potential unrest. The site is now under increased surveillance, with visitors required to present identification and adhere to stricter protocols.

This controversy underscores ongoing debates about historical narratives and cultural heritage in India, reflecting the complexities of addressing historical figures’ legacies within contemporary society.

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Karnataka’s Largest Drug Haul: MDMA Worth ₹75 Crore Seized in Major Crackdown

In a significant breakthrough, Karnataka police have confiscated a record-breaking consignment of MDMA valued at approximately ₹75 crore. This marks the state’s largest-ever drug seizure, showcasing law enforcement’s commitment to curbing illegal narcotics activities. Details of the Seizure During a well-coordinated operation, authorities intercepted the massive drug shipment in Karnataka’s coastal region. The contraband, identified […]

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Karnataka’s Largest Drug Haul: MDMA Worth ₹75 Crore Seized in Major Crackdown
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In a significant breakthrough, Karnataka police have confiscated a record-breaking consignment of MDMA valued at approximately Rs.75 crore. This marks the state’s largest-ever drug seizure, showcasing law enforcement’s commitment to curbing illegal narcotics activities.

Details of the Seizure

During a well-coordinated operation, authorities intercepted the massive drug shipment in Karnataka’s coastal region. The contraband, identified as MDMA (commonly known as Ecstasy), was reportedly being smuggled into the state for distribution across major cities.

Investigation and Arrests

The police confirmed that multiple suspects have been arrested in connection with the bust. Investigators are working to uncover the broader network involved in the smuggling operation. Preliminary findings indicate that the seized drugs were intended to fuel illicit party scenes and underground markets.

Law Enforcement’s Vigilance

Authorities emphasized that this successful operation reflects their proactive approach to combat the rising threat of synthetic drug abuse. The police have intensified surveillance efforts in key regions identified as high-risk zones for drug trafficking.

Public Awareness and Safety

Officials urged the public to remain vigilant and report any suspicious activities. Awareness campaigns are being planned to educate youth about the dangers of MDMA consumption and its harmful effects on mental and physical health.

Future Measures

Karnataka’s police department is strengthening collaborations with national and international agencies to prevent drug smuggling at its roots. This record seizure serves as a stern warning to organized crime groups involved in illicit activities.

This remarkable achievement highlights Karnataka’s unwavering stance in tackling drug abuse and ensuring public safety across the state.

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