Lok Sabha Question No. 209 (UNSTARRED), answered on 2020-09-14
Subject: Funds under ECLGS
Ministry: FINANCE
Asked by: Rajan Baburao  Vichare

209: SHRI RAJAN VICHARE:

Will the Minister of Finance be pleased to state:

- (a)  whether Amendments have been made in the Indian Stamp Act-1899 and if so, the details thereof;
- (b) the details of funds sanctioned under ECLGS along with the number of MSMEs and other enterprises benefitted under this scheme;
- (c) whether any meeting of GST council has been organised on the matter of GST late fee between August, 2017 and January, 2020 and if so, the details thereof;
- (d)  whether  the  Government  and  AIIB  have  signed  any  agreement  for  improving  the network capacity, service quality and safety of the suburban railway system in Mumbai and if so, the details thereof; and
- (e) the number of companies against whom cases have been registered by DGGI-DRI Led teams for tax evasion?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANURAG SINGH THAKUR)

(a) Yes Sir.  Through recent amendments in the Indian Stamp Act, 1899 and associated rules, the Central Government has created the legal and institutional mechanism to enable States to collect stamp duty on securities market instruments at one place by one agency (through  the  Stock  Exchanges    or  Clearing  Corporations  authorized  by  the  Stock Exchange  or  by  the  Depositories  )  on  one  instrument.    A  mechanism  for  appropriately sharing the stamp duty with relevant State Governments based on State of domicile of the buying client has also been included.  The collection and allocation mechanism of stamp duty for securities market instruments has been rationalized along with uniformity of the stamp  duty  on  securities  across  States  so  as  to  facilitate  ease  of  doing  business  and thereby build a pan-India securities market.

## Government of India Ministry of Finance Department of Revenue *****

## LOK SABHA UNSTARRED QUESTION NO.209

TO BE ANSWERED ON MONDAY, SEPTEMBER 14, 2020 BHADRAPADA 23, 1942 (SAKA)

## FUNDS UNDER ECLGS

(b) As per the data reported by Member Lending Institutions (MLIs), an amount of Rs.  163,103  crore  has  been  sanctioned  to  42,01,060  borrowers  and  an  amount  of  Rs. 117,885 crore disbursed to 25,01,216 borrowers under ECLGS as on 09.09.2020.

(c) A  total  number  of  19  GST  Council  meeting  have  held  between  August,  2017  and January, 2020. In many of these meetings, the GST Council inter-alia made recommendations regarding late fees for late filing of return under GST such as reduction of amount of late fees, waiver of late fees in certain cases etc.

(d) The Government of India has signed a loan agreement on August 24, 2020 with AIIB  for  financing  USD  500  million  to  Mumbai  Urban  Transport  Project-III.   The  loan closing date of the project is October 31, 2025. The objective of the Project is to improve the network capacity, service quality and safety of the suburban railway system in Mumbai. The components of the Project are as under:

Part  1:  Construction  of  two  additional  tracks  to  the  existing  Virar  -  Dahanu  Road Corridor: Carrying out of construction of: (1) two additional railroad tracks in the Virar  Dahanu road corridor for suburban rail service, including the construction of new platforms for the existing nine railroad stations, the expansion of station buildings for said stations except Saphale and Vaitarna stations, remodeling of station yards, improvements to the passenger  flow  at  said  stations,  and  gender  responsive  station  design;  and  (2)  two additional bridges for the adjacent existing railway line.

Part 2: Construction of New Suburban Railway Corridor between Panvel and Karjat: Carrying out of construction of two new tracks in the Panvel - Karjat corridor for suburban rail service in parallel to the existing track, including the construction of new platforms at the existing five railroad stations, improvements to the passenger flow at said stations, and gender responsive station design.

Part 3: Midsection Trespass Control: Carrying out of trespass control measures at 36 priority locations, including track segregation, foot over bridges and pedestrian underpasses.

## Part 4: Institutional Strengthening, Capacity Building and Technical Assistance

Strengthening  the  Project  Implementing  Entity's  institutional  and  technical  capacity  and providing training and technical assistance to the same through the preparation of studies to enhance suburban rail operations and strategic sectoral planning.

(e) There are 11 companies against whom cases of GST evasion have been registered by DGGI-DRI led teams.

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