Karnataka Cabinet to table seven bills to make Revenue Minister chairman of various authorities
Till now, the Chief Minister was the chairman of seven authorities. Since the Chief Minister was burdened with the State administrative work, it was decided that amendments to make the Revenue Minister as the chairman would be brought in, said Minister for Law and Parliamentary Affairs and Tourism H.K. Patil told reporters here after the Cabinet meeting.
The Bills will be introduced during the Monsoon Session of the State legislature session which would commence on August 11.
The Bills that would be introduced are: the Kudalasangama Development Authority (Amendment) Bill 2025; the Kaginele Development Authority (Amendment) Bill 2025; the Basava Kalyana Development Authority (Amendment) Bill 2025; the Banavasi Development Authority (Amendment) Bill 2025; the Sarvajna Development Authority (Amendment) Bill 2025; the Kittur Development Authority (Amendment) Bill 2025, and the Nadaprabhu Kempegowda Heritage Area Development Authority (Amendment) Bill 2025.
Lake Bill
The Cabinet decided to introduce the Karnataka Lake Conservation and Development Authority (Amendment) Bill, 2025, for allowing changes to the 2014 Act, to fix a buffer zone depending on the size of the lake and provide basic facilities to citizens.
The Act was brought in 2014 to protect, conserve, reclaim, restore, regenerate, and integrate the development of lakes in Karnataka. It aimed to address the existing deficiencies in lake management by creating a dedicated authority.
Centre of excellence
The Cabinet has decided to establish a centre of excellence in the space tech sector with an initial investment of ₹10 crore in five years in Bengaluru. The Satellite Communication Industry Association (SIA-India) would be the implementing agency.
The Cabinet approved the Local Economy Accelerator Programme (LEAP) with an investment of ₹1,000 crore in the next five years. A sum of ₹200 crore would be provided in the first year. The project comes under the IT/BT and Science and Technology Departments.
The Cabinet has decided to amend the Globe Capability Centre Policy, 2024-29. 'The changes will be introduced to the policy to provide clarity related to language and clarity related to explanation,' Mr Patil said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
7 minutes ago
- Hindustan Times
HC orders crackdown on illegal bungalows, encroachments in Yeoor Hills
THANE: The Bombay High Court has directed the Thane Municipal Corporation (TMC) and the Thane Collector to initiate strict action against encroachments and unauthorised constructions in Yeoor Hills — a forested stretch within the Sanjay Gandhi National Park — including bungalows and commercial establishments allegedly built by local politicians and private entities. Yeoor Hills, located on the fringes of Thane and Borivali, has seen a surge in illegal developments in recent years — including upscale bungalows, bars, and restaurants — sparking concerns about forest degradation and displacement of tribal communities. (Hindustan Times) The order was passed by a division bench of chief justice Alok Aradhe and justice Sandeep Marne while hearing a public interest litigation (PIL) filed by tribal rights activists. The petition alleged large-scale illegal transfers of tribal land, unauthorised construction of bungalows, and encroachments on public land within the protected forest zone. The petitioners also sought restoration of tribal lands to their original owners, invoking the provisions of the Maharashtra Restoration of Lands to Scheduled Tribes Act, 1974. During the hearing, the TMC informed the court that a 2009 survey had identified 219 unauthorised structures in Yeoor Hills, and that notices had been issued. However, the civic body was unable to provide details on the action taken since then. Taking note of the submissions, the court observed, 'No person has a right to encroach on public land or indulge in unauthorised construction.' While noting that the question of whether a particular structure is legal or not cannot be decided under writ jurisdiction, the court emphasised that it was the duty of the competent authorities to enforce the law. The bench directed the Thane municipal commissioner and the collector to issue fresh notices to all encroachers and parties responsible for unauthorised constructions. After granting them an opportunity to be heard, the officials must take appropriate action, including demolition of structures found to be illegal. Regarding the restoration of tribal land, the court held that affected individuals are free to pursue legal remedies under the 1974 Act to reclaim their ancestral land. Yeoor Hills, located on the fringes of Thane and Borivali, has seen a surge in illegal developments in recent years — including upscale bungalows, bars, and restaurants — sparking concerns about forest degradation and displacement of tribal communities.
Economic Times
37 minutes ago
- Economic Times
Want to avoid tax on gifts? Know the 50k rule, eligible relatives
iStock Taxable gifts should be declared under 'Income from other sources' while filing the income tax return. As per Section 56(2) (x) of the Income Tax Act, if cash or assets exceeding Rs.50,000 are received without consideration from a non-relative, the amount is taxable as income under the head 'Income from other sources'. For immovable property, if the stamp duty value exceeds Rs.50,000 and no consideration is paid, the market value is considered taxable. Similarly, movable assets like shares or jewellery attract tax if their aggregate fair market value crosses Rs.50,000. Gifts are tax-exempt when received from a 'relative' as defined under the Act, which includes spouse, siblings, parents, grandparents, grandchildren, as well as any lineal ascendant or descendant. Gifts are also exempt when received on the occasion of marriage, or under a will or inheritance. For immovable property transfers, executing a registered gift deed is recommended. Although no income tax may apply, stamp duty is generally payable on the basis of respective state laws. To reflect change of ownership, the mutation process must also be completed with local authorities. Reporting gifts in ITR Taxable gifts should be declared under 'Income from other sources' while filing the income tax return. Even though exempt gifts do not incur tax liability, they should be documented with supporting papers for future clarity or scrutiny. Points to note Retain documents like gift deeds, PAN details and ID proofs of both parties. Gifts from multiple non-relatives must be aggregated to assess the Rs.50,000 limit. Stamp duty liability is determined by state-specific rules, irrespective of the tax exemption. (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of
Time of India
37 minutes ago
- Time of India
Want to avoid tax on gifts? Know the 50k rule, eligible relatives
When is a gift taxable? Who can give a tax-free gift? Reporting gifts in ITR Academy Empower your mind, elevate your skills Points to note Retain documents like gift deeds, PAN details and ID proofs of both parties. Gifts from multiple non-relatives must be aggregated to assess the Rs.50,000 limit. Stamp duty liability is determined by state-specific rules, irrespective of the tax exemption. As per Section 56(2) (x) of the Income Tax Act, if cash or assets exceeding Rs.50,000 are received without consideration from a non-relative, the amount is taxable as income under the head 'Income from other sources'. For immovable property, if the stamp duty value exceeds Rs.50,000 and no consideration is paid, the market value is considered taxable. Similarly, movable assets like shares or jewellery attract tax if their aggregate fair market value crosses Rs.50, are tax-exempt when received from a 'relative' as defined under the Act, which includes spouse, siblings, parents, grandparents, grandchildren, as well as any lineal ascendant or descendant. Gifts are also exempt when received on the occasion of marriage, or under a will or inheritance For immovable property transfers, executing a registered gift deed is recommended. Although no income tax may apply, stamp duty is generally payable on the basis of respective state laws. To reflect change of ownership, the mutation process must also be completed with local gifts should be declared under 'Income from other sources' while filing the income tax return . Even though exempt gifts do not incur tax liability, they should be documented with supporting papers for future clarity or scrutiny.
