Latest news with #PunjabManagementandTransferofMunicipalPropertiesRules
Time of India
24-05-2025
- Business
- Time of India
Punjab cabinet's decision aims to streamline payment process for properties sold by ULBs
CHANDIGARH : In a decision aimed at streamlining and expediting the payment process for properties sold by urban local bodies , the Punjab Cabinet on Friday approved an amendment to the Punjab Management and Transfer of Municipal Properties Rules, 2021. A decision to this effect was taken by the Council of Ministers in a meeting held here under the chairmanship of Chief Minister Bhagwant Mann , said an official statement. "As per the amendment, the Cabinet has decided to reduce the time period to six months for depositing the sale price by allottees for properties sold by the Urban Local Bodies. "So, the allottees will now be required to deposit the full sale price within 180 days from the date of allotment, replacing the earlier provision of six half-yearly instalments. The decision aims at the faster realisation of revenue by urban local bodies, strengthening of Municipal finances and facilitation of the common man by a reduction in legal disputes related to delayed payments," the statement said. With the objective to further tap Punjab's growth potential by developing a vibrant environment for entrepreneurship, the cabinet also gave the nod to allot Rs 5 crore to Punjab Innovation Mission to help meet its objectives. The decision has been taken in view of the immense contribution of the mission to unleash Punjab's growth potential and create a thriving economy by generating jobs and inviting investment. "The mission is also important for the state as it acts as a catalyst to further give impetus to develop Punjab as an industrial hub in the country," the official statement said. In order to streamline the promotions in the Punjab Police, especially among those promoted from the Sports quota, the Punjab Cabinet also gave a nod to frame service rules for the officers/employees serving in 207 Specially Promoted Cadre. This decision will regulate the future promotions of these Police personnel and further streamline their other service matters. Likewise, based on recommendations of the Group of Secretaries committee to review redundant laws/ regularisation and decriminalisation, the Cabinet also approved the Punjab Appropriation Acts (Repeal) bill, 2025. As per the recommendations of the committee, the Department of Finance has considered the proposal and identified its appropriations acts for repealing, which authorised departments to incur expenditure from the Consolidated Fund of the state. Repeal of Appropriation Acts, whose terms have ended, will in no way have any adverse effect on actions that were validly taken or to be taken in relation thereto pursuant to these Acts, the statement said.
Indian Express
24-05-2025
- Business
- Indian Express
Punjab Cabinet decision: Now pay for properties sold by ULBs within 6 months
The buyers of properties sold by municipalities and improvement trusts will now have to clear all payments within six months after allotment as against the earlier deadline of three years in six half-yearly instalments, as per a decision in the Punjab Cabinet meeting Friday. Chief Minister Bhagwant Mann chaired the meeting. Looking to streamline and expedite the payment process for properties sold by urban local bodies, approved, the Cabinet approved an amendment to the Punjab Management and Transfer of Municipal Properties Rules, 2021. 'As per the amendment, the Cabinet has decided to reduce the time period to six months for depositing the sale price by allottees for properties sold by the Urban Local Bodies. So, the allottees will now be required to deposit the full sale price within 180 days from the date of allotment, replacing the earlier provision of six half-yearly instalments. The decision aims at the faster realisation of revenue by urban local bodies, strengthening of Municipal finances and facilitation of the common man by a reduction in legal disputes related to delayed payments,' as per an official statement. The cabinet also gave the nod to allot Rs 5 crore to Punjab Innovation Mission to help meet its objectives. The decision has been taken in view of the immense contribution of the mission to unleash Punjab's growth potential and create a thriving economy by generating jobs and inviting investment. 'The mission is also important for the state as it acts as a catalyst to further give impetus to develop Punjab as an industrial hub in the country,' the official statement said. In order to streamline the promotions in the Punjab Police, especially among those promoted from the Sports quota, the Punjab Cabinet also gave a nod to frame service rules for the officers/employees serving in 207 Specially Promoted Cadre. This decision will regulate the future promotions of these Police personnel and further streamline their other service matters. Likewise, based on recommendations of the Group of Secretaries committee to review redundant laws/ regularisation and decriminalisation, the Cabinet also approved the Punjab Appropriation Acts (Repeal) bill, 2025. As per the recommendations of the committee, the Department of Finance has identified its appropriations acts for repealing, which authorised departments to incur expenditure from the Consolidated Fund of the state.
Hindustan Times
24-05-2025
- Business
- Hindustan Times
Punjab: Rules tweaked, buyers must pay in 6 months for properties sold by govt
The Punjab cabinet on Friday approved an amendment to the Punjab Management and Transfer of Municipal Properties Rules, 2021, reducing the time period given to buyers of properties sold by urban local bodies for depositing the payment. The cabinet took the decision in a meeting held under the chairmanship of chief minister Bhagwant Mann at his official residence here. As per the amendment, the time period for depositing the sale price by allottees for properties sold by the urban local bodies will be cut to six months. 'The allottees will now be required to deposit the full sale price within 180 days from the date of allotment, replacing the earlier provision of six half-yearly instalments. The decision aims at faster realisation of revenue by urban local bodies, strengthening of municipal finances and facilitation of the common man by reduction in legal disputes related to delayed payments,' said the spokesperson. The decision is intended to bolster the finances of the state's urban local bodies. ₹5 crore approved for innovation mission The cabinet also gave a nod to allocation of ₹5 crore to Punjab Innovation Mission to help meet its objectives of developing the state as an industrial hub. The decision has been taken in view of the immense contribution of the mission to unleash the state's growth potential and create a thriving economy by generating jobs and inviting investment, said the chief minister office spokesperson. Another decision was to frame service rules for the officers/employees serving in 207 specially promoted cadre to streamline the promotions in the Punjab Police, especially those promoted from sports quota. This decision will regulate the future promotions of these police personnel and further streamline their other service matters. On the recommendations of a Group of Secretaries Committee to review Redundant Laws/ Regularization and Decriminalization, it also approved the Punjab Appropriation Acts (Repeal) Bill, 2025. 'As per the recommendations of the committee, the finance department has considered the proposal and identified its Appropriations Acts for repeal, which authorised the departments to incur expenditure from the Consolidated Fund of the State. Repeal of Appropriation Acts whose terms have ended will in no way have any adverse effect on actions that were validly taken or to be taken in relation thereto pursuant to these Acts,' the spokesperson said.
