Giving up land for industries will get you bigger plots!
News

Giving up land for industries will get you bigger plots!

February 20, 2021

Chief Minister Yediyurappa to present Karnataka Budget for 2021-2022 on March 8

Bengaluru: To overcome the pains of land acquisition, the State Industries Department is paying back landowners who are giving up their farmland for developing industrial estates in the form of developed plots.

Now the State Cabinet has decided to increase the allotment of developed land by 1,198 sq.ft per acre — from 9,583 sq.ft to 10,781 sq.ft — to owners from whom the land is acquired. 

The Karnataka Industrial Areas Development Board (KIADB), an arm of the Industries Department, develops and manages industrial real estate. It allocates developed land to farmers or other owners from whom the land is acquired, if they do not want cash compensation.

Home and Parliamentary Affairs Minister Basavaraj Bommai told presspersons on Thursday after the Cabinet meeting that the Government has also given approval for releasing Rs. 700 crore to private hospitals for treating COVID-19 patients till March 2021.

Hospitals have provided treatment to 1,35,754 COVID-19 patients as on January 11. So far, the bill of hospitals was around Rs. 315 crore. Though Rs. 700 crore was not required, to be on the safer side, the amount was approved, Health and Family Welfare Minister K. Sudhakar said.

Budget on March 8

The Karnataka Budget for 2021-22 will be presented in the State Legislature on March 8 by Chief Minister B.S. Yediyurappa who holds the finance portfolio. The Legislature Session will commence on March 4 and the first two days (March 4 and 5) will be set aside for discussion related to ‘One Nation – One Election.’ Legislature Session will conclude by the end of March.

READ ALSO  Eight killed in dynamite blast at Shivamogga; two arrested

This would be the BJP Government’s second full-fledged Budget in this term. The Budget would be presented amidst severe financial difficulties faced by the State owing to COVID-19. Yediyurappa has begun Budget-related meetings with Ministers and officials of various departments.

The Cabinet meeting also approved the Karnataka Money Lenders (Amendment) Bill, 2020, of the Cooperation Department which would be tabled in the Budget Session. Under the Bill, those who violate the provisions of Act will be convicted and the term of imprisonment increased from six month to one year and fine from Rs. 5,000 to Rs. 50,000.

ABOUT

Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 41 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.

CONTACT

Academy News Papers Private Limited, Publishers, Star of Mysore & Mysuru Mithra, 15-C, Industrial ‘A’ Layout, Bannimantap, Mysuru-570015. Phone no. – 0821 249 6520

To advertise on Star of Mysore, email us at

Online Edition: [email protected]
Print Editon: [email protected]
For News/Press Release: [email protected]