Latest news with #LocalEconomyAcceleratorProgramme
Time of India
25-07-2025
- Business
- Time of India
Karnataka cabinet approves 1% fire cess on newly constructed multi-storeyed buildings
BENGALURU : Karnataka Law and Parliamentary Affairs Minister H K Patil on Thursday announced that the state cabinet has approved several key initiatives, including the setting up of a Centre of Excellence (CoE) in space technology and the launch of the Local Economy Accelerator Programme (LEAP). The proposed SpaceTech CoE will be established as a Section 8 company under the Companies Act, 2013, with a total allocation of Rs 10 crore over five years. "The Satellite Communication Industry Association (SIA-India) has been selected as the industry partner. The project has been granted exemption under Section 4(g) of the Karnataka Transparency in Public Procurements Act, 1999," the Minister briefed reporters after the cabinet meeting. The initiative aims to address the shortage of testing infrastructure in the space sector, as facilities operated by ISRO, DRDO, and other government agencies are currently at capacity and focused on their own missions. With around 30 working prototypes emerging from the state's startup ecosystem each month, the demand for independent testing is growing, he noted. The cabinet also approved the launch of the Local Economy Accelerator Programme (LEAP) with a total budget allocation of Rs 1,000 crore over five years. In the first year, Rs 200 crore will be allocated for implementation. LEAP is designed to support emerging and existing startups across Karnataka and position the state as a future-ready innovation hub. The cabinet also approved amendments to the Karnataka Global Capability Centre (GCC) Policy 2024-29 to improve clarity and consistency in the policy language and structure without altering its core provisions or objectives, he added. Approval was given for establishment of a Kidwai Peripheral Cancer Treatment Unit at an estimated cost of Rs 50 crore comprising Rs 20 crore for civil works and Rs 30 crore for equipment purchase within the premises of Rajiv Gandhi Super Speciality Hospital in Raichur. An additional Rs 62 crore was sanctioned for procuring medical equipment, furniture, and other apparatus for setting up a 450-bed hospital at the Indira Gandhi Institute of Child Health in Bengaluru. A notification has been issued appointing the Revenue Minister as the chairperson of the seven boards and authorities. It has been now been decided to amend the Acts of the respective Boards/Authorities, the Minister said. The proposed amendment bills pertain to Kudalasangama Development Authority, Kaginele Development Authority, Basavakalyan Development Board, Banavasi Development Authority, Sarvajna Development Authority, Kittur Development Authority and Nadaprabhu Kempegowda Heritage Area Development Authority. Seeking to regulate private ambulance service providers and register mobile medical units as private medical establishments, and mandate permanent registration within 30 days, Karnataka Private Medical Establishments (Amendment) Bill, 2025, has also been proposed. The cabinet has given its nod to impose one per cent fire cess along with the property tax on newly constructed multi-storeyed buildings in the state to improve the efficiency of the fire department.
The Hindu
24-07-2025
- Business
- The Hindu
Karnataka Cabinet to table seven bills to make Revenue Minister chairman of various authorities
The Karnataka Cabinet on Thursday decided to introduce seven Bills for bringing about amendments to existing authorities, allowing for the appointment of the Revenue Minister as the 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.
News18
24-07-2025
- Business
- News18
Karnataka cabinet approves space tech centre, key health projects
Bengaluru, July 24 (PTI) Karnataka Law and Parliamentary Affairs Minister H K Patil on Thursday announced that the state cabinet has approved several key initiatives, including the setting up of a Centre of Excellence (CoE) in space technology and the launch of the Local Economy Accelerator Programme (LEAP). The proposed SpaceTech CoE will be established as a Section 8 company under the Companies Act, 2013, with a total allocation of Rs 10 crore over five years. 'The Satellite Communication Industry Association (SIA-India) has been selected as the industry partner. The project has been granted exemption under Section 4(g) of the Karnataka Transparency in Public Procurements Act, 1999," the Minister briefed reporters after the cabinet meeting. The initiative aims to address the shortage of testing infrastructure in the space sector, as facilities operated by ISRO, DRDO, and other government agencies are currently at capacity and focused on their own missions. With around 30 working prototypes emerging from the state's startup ecosystem each month, the demand for independent testing is growing, he noted. The cabinet also approved the launch of the Local Economy Accelerator Programme (LEAP) with a total budget allocation of Rs 1,000 crore over five years. In the first year, Rs 200 crore will be allocated for implementation. The cabinet also approved amendments to the Karnataka Global Capability Centre (GCC) Policy 2024-29 to improve clarity and consistency in the policy language and structure without altering its core provisions or objectives, he added. Approval was given for establishment of a Kidwai Peripheral Cancer Treatment Unit at an estimated cost of Rs 50 crore comprising Rs 20 crore for civil works and Rs 30 crore for equipment purchase within the premises of Rajiv Gandhi Super Speciality Hospital in Raichur. An additional Rs 62 crore was sanctioned for procuring medical equipment, furniture, and other apparatus for setting up a 450-bed hospital at the Indira Gandhi Institute of Child Health in Bengaluru. A notification has been issued appointing the Revenue Minister as the chairperson of the seven boards and authorities. It has been now been decided to amend the Acts of the respective Boards/Authorities, the Minister said. The proposed amendment bills pertain to Kudalasangama Development Authority, Kaginele Development Authority, Basavakalyan Development Board, Banavasi Development Authority, Sarvajna Development Authority, Kittur Development Authority and Nadaprabhu Kempegowda Heritage Area Development Authority. Seeking to regulate private ambulance service providers and register mobile medical units as private medical establishments, and mandate permanent registration within 30 days, Karnataka Private Medical Establishments (Amendment) Bill, 2025, has also been proposed. The cabinet has given its nod to impose one per cent fire cess along with the property tax on newly constructed multi-storeyed buildings in the state to improve the efficiency of the fire department. PTI GMS GMS ROH view comments First Published: July 24, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
