Punjab to reduce government employees retirement age to 58 years:
Punjab State government announced major changes in the 2020-21 budget. The budget announcement was made by Punjab Finance Minister Manpreet Singh Badal. He presented a Rs.1,54,805 crore budget in the state Assembly.
New Schemes:
The state government announced to waive Change of Land Use (CLU) charges for two years for the new industries coming up outside the municipal limits and slash the "mandi" fee on vegetables from 4%-1%.
It has reduced the government employees` retirement age from 60 to 58.
It also introduced a scheme for free education for all students up to Class 12.
The state announced a debt waiver for landless farmers.
The budget allocated Rs.100 crore for giving 10 lakh free smartphones to the youth.
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