Page 41 - Banking Finance August 2020

ARTICLE

The lockdown induced crisis is getting normalised with Government, at this juncture, must undertake skill profiling
increased diagnostic and medical facilities leading to of the returning migratory workforce for assimilating them
improved recovery rates. Despite being the largest state in in the developmental process of the state in a
terms of population, identified corona active cases are less comprehensive and balanced manner with increased outlay
than four thousand, which speaks volumes about the on employment generating activities by fast tracing various
management capabilities of the state government. With developmental projects in synchronised manner.
"Mission Begin Again", which started from 1st June 2020,
the state has launched various initiatives for revival of the The post corona world is going to witness the new normal
economy. The returning migratory labour force has added for the individuals, societies and the governments in
to our existing labour force, which is reservoir of experience, managing their social and economic requirements and
entrepreneurship and skill and can be instrumental in the challenges, which will also create the wide ranging and far
revival of economy of the state. reaching ripple effect changes with relation to economic
activities.
To tide over the hardships faced by the citizens in general
and migratory workforce in particular, various schemes of Good amount of work has been undertaken at the field level
Direct Benefit Transfer and free supply of food grains have for implementation of the infrastructural and developmental
been implemented ranging for a period of three to six projects in the state. This, therefore, is the high time for
months. formulation of integrated growth strategy for the overall
economic development of the state by proactively
This crisis has also highlighted the miseries of unskilled and capitalising on the economies of the scale and scope
semi-skilled migratory work force across the country, generated through the high impact projects launched by the
therefore it is high time for the central government to government during the last two to three years with increased
formulate national level umbrella policy enabling the state focus on creation of employment opportunities on massive
governments to formulate state specific policies as labour scale. The government can create some clusters of mass
laws are part of concurrent list. The emphasis should be on production or export excellence for agriculture, micro and
Aadhar enables compulsory registration of the migratory small enterprises for faster growth of the economy, which
workforce with universal coverage under social security will be employment intensive in nature with lowest per
schemes. capita investment.

Uttar Pradesh has tremendous potential and can become
The Government of Uttar Pradesh is focussing on all round
the frontrunner in launching the sustainable economic
development of the state by focussing on irrigation,
expressways for seamless connectivity, defence corridor for growth model in post corona era to be replicated and
followed by other states.
medium and large scale industries, one district one product
for developing decentralised production facilities across the (The views expressed in the article are personal views of the
state by developing small and micro enterprises. The writer.)

I-T notice to dead assessee, kin invalid

The income tax authorities cannot reopen assessment if service of a notice cannot be served on a dead person. Issuing
notice to the correct person is "not only a procedural requirement but also a condition precedent for a valid notice,"
the Delhi High Court emphasised in its judgment, Savitavs CIT. In this case, a notice was served on MohinderKapila on
March 31 last year over undeclared income, though he had died four months earlier.
After repeated notices to the dead person, the authorities turned to one of his daughters. Against her protests, she
faced a penal sum. She moved a writ petition before the high court. It quashed all the notices observing when there
is no proper notice, legal heirs do not automatically step into the shoes of the assessee. There is no rule either that
legal heirs should inform the authorities about the death of an assessee.

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