Lucknow: In a major relief for women to whom any immovable property like house or land is transferred, the state cabinet on Tuesday decided to increase the cost of property on which rebate of 1% on stamp duty is permitted from Rs 10 lakh to Rs 1 crore.So far, a rebate of 1% was allowed only if a property worth Rs 10 lakh or less was transferred to a woman, and if the value was higher, a maximum rebate of Rs 10,000 was offered. Now, the value of the property has been increased to Rs 10 crore and the maximum rebate permissible has also been increased to Rs 1 lakh.The cabinet also approved a proposal to provide an extension to govt employees to apply for the Old Pension Scheme. Last year, govt had allowed all such employees who had been appointed on April 1, 2005 or after but for whom the post had been advertised before March 28, 2005, the date on which UP Govt took out the notification for implementation of the new pension policy. The date for application for switching to the Old Pension Scheme was Oct 31, 2024 while the order had to be issued by March 31, 2025. The cabinet has now allowed for an extension of the date. One can now apply till Sept 30, 2025 while the order has to be issued by the department by Nov 30, 2025. The date for closure of NPS accounts has also been extended to Feb 28, 2026.In pursuance of a recent decision by govt to provide only tablets to beneficiaries of the Swami Vivekanand Yuva Sashaktikaran Scheme, against a decision of July 18, 2022 to provide tablets and iPhones, the cabinet decided to cancel its own order of Jan 22, 2025 under which it had given approval for purchasing 25 lakh smart phones under the scheme.This year, Rs 2,000 crore has been allocated for purchase of tablets, which will be provided to youth pursuing graduate, postgraduate, diploma, skill development degrees etc.In another decision, the cabinet approved transfer of a plot of land to M/s RAPHE mPhibr for expansion of its production. The company has already invested Rs 800 crore in plant and machinery in Noida’s B200, Phase-II, Sector 81 for construction of UAV engines and other systems for the Indian Armed Forces. A plot B-219 measuring 4.62 hectare which is with Parag is being sold to it at Rs 101 crore.Land in lieu of this will be allocated to Parag by Yamuna Expressway Industrial Development Authority to set up a new dairy plant with capacity of 4 lakh litres milk production per day. The plant will be set up by M/s RAPHE mPhibr at its own cost.
