Land revenue bill gets governor's nod

July 9, 2013

GovernorBangalore, Jul 9: Governor H?R?Bhardwaj has given his assent to a land revenue bill that proposes to regularise unauthorised houses built by the poor on government land in rural areas.

The controversial Karnataka Land Revenue (Amendment) Bill was first passed during the tenure of the Bharatiya Janata Party (BJP)?government by both houses of the state legislature in June last year, but was returned by the governor in September for reconsideration, stating that the legislation would not serve any public good or social cause and could lead to illegal grabbing of government land.

However, the government got the Bill passed once again during the Belgaum session of the legislature in December last year. The assent was given on Saturday,  sources said.

The governor had not given his assent to the bill for nearly a year.  The Congress, while in the Opposition, had strongly opposed the regularisation of illegalities on various grounds.

The amendment to the bill sought to substitute Section 94C of the Karnataka Land Revenue Act, 1964, paving the way for grant of government land occupied in an unauthorised manner by persons in rural areas who have built dwelling houses prior to January 1, 2012. Only BPL families who do not possess any other house were proposed to be eligible for the scheme.

A similar bill, again initiated by the BJP?government, this time to regularise unauthorised houses built by the poor on government  land in urban areas, was returned by the governor in March.

In a related development, the state government has entrusted a legal team to work on the regularisation of unauthorised construction and development like violation of by-laws or floor-area ratio in urban areas, popularly known as the Sakrama scheme, to prepare its provision so that its “people-friendly” and at the same time in accordance with the law.

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Agencies
March 6,2020

Mumbai, Mar 6; The Indian equity indices slumped on Friday morning, with the BSE Sensex falling over 1,450 points

The slump across the sectoral indices was led by the finance and banking stocks as the Reserve Bank of India on Thursday superseded the board of directors of Yes Bank and placed it under moratorium.

Persistent fears of the coronavirus outbreak severely impacting global economy also weighed on the investor sentiments, analysts said.

At 9.36 a.m., the BSE Sensex trimmed some losses and was trading at 37,376.66, lower by 1,093.95 points or 2.84 per cent from the previous close of 38,470.61

So far, the index has touched an intra-day low of 37,011.09, falling by 1,459.52 points.

It had opened at the intra-day high of 37,613.96.

The Nifty50 on the National Stock Exchange was trading at 10,938.75, lower by 330.25 or 2.93 per cent from its previous close.

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News Network
May 22,2020

New Delhi, May 22: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.

In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020.

Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, were shifted across the board by three months.

As a result of this moratorium, individuals’ EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity.

The EMI payments will restart only once the moratorium time period expires on August 31.

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News Network
April 2,2020

New Delhi, Apr 2: With 437 new cases reported in the last 24 hours, the tally of COVID-19 positive cases in India shot up to 1,834 on Wednesday night.

The number of deaths in the country due to COVID-19 has risen to 41.

The total number of active cases in the country is 1,649. 143 persons have been cured and discharged from the hospitals. One person has migrated, according to the data provided by the Ministry of Health and Family Welfare.

Earlier on Wednesday, Union Home Secretary Ajay Bhalla urged all state governments and Union Territory administrations to ensure the lockdown measures issued by the Ministry of Home Affairs are strictly implemented.

"All the state governments/UT administrations are requested to strictly implement the lockdown measures issued by MHA in the exercise of the powers under Disaster Management Act, 2005 in letter and spirit," Bhalla said.

Prime Minister Modi had earlier announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.

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