Punjab to introduce e-stamping to curb revenue leakage
August 21st, 2008 - 6:31 pm ICT by IANSChandigarh, Aug 21 (IANS) To revamp the present system of collection of stamp duty and plug the leakage of revenue, the Punjab government Thursday announced that it would soon introduce e-stamping in the state.This decision was taken here at a meeting chaired by Punjab Chief Minister Parkash Singh Badal Thursday after a detailed presentation made by Arvinder Singh Bains, the director of land records settlement, consolidation and land acquisition.
Badal said that the e-stamping system would be applicable for all non-judicial stamp duty payments and was likely to be launched as a pilot project from the major cities of Punjab.
He hoped that e-stamping, being an excellent example of how technology could be used for the benefit of common man, would be a frontrunner in the upcoming e-governance projects in the near future.
The Punjab government would soon sign an agreement with Stock Holding Corporation of India Limited (SHCIL) to launch and implement e-stamping across the state.
Revenue officials pointed out that the e-stamping system to be implemented is a web-based application, giving the public the convenience of paying stamp duty to the government without undergoing the hassles associated with the physical stamp paper and without the risk of losing revenue.
The certificate of stamp duty or the e-stamp could be printed by a specified printer once the software application receives the document details.
- Now lower-value e-stamp papers in Delhi - Feb 06, 2012
- Dhumal presents Rs.16,708.47 crore budget (With image) - Mar 09, 2011
- Finance Minister outlines measures to 'improve governance' - Feb 28, 2011
- Tamil Nadu to check corruption in welfare schemes - Aug 04, 2011
- E-stamping to be introduced in Uttar Pradesh soon - Dec 01, 2008
- Give fertilizer subsidy directly to farmers: Badal - Jun 20, 2011
- Punjab to do away with affidavits - Feb 05, 2010
- Chandigarh to introduce e-stamping of documents - Oct 14, 2009
- Using satellite imagery, Haryana to digitize land records - Jul 13, 2011
- Punjab to computerise land records by year end - Feb 25, 2010
- New protocol to help Indians workers in UAE - Apr 04, 2012
- Stock Holding Corporation launches e-stamping facility - May 07, 2008
- Prashant Bhushan refutes Digvijay Singh's stamp duty evasion charge - Apr 15, 2011
- Punjab eco-warrior seeks environment in manifesto - Jan 06, 2012
- Long way to go to ensure probity in public life: PM (Lead) - Feb 03, 2012
Tags: badal, duty payments, governance projects, land acquisition, punjab government, revenue leakage, revenue officials, stamp paper, stock holding corporation of india, stock holding corporation of india limited