Karnataka government scraps town and country planning amendment bill
Real Estate

Karnataka government scraps town and country planning amendment bill

The Karnataka government has withdrawn the Town and Country Planning (Amendment) Bill, citing flaws in its provisions. Urban Development Minister Suresh BS announced the decision in the Assembly, stating the government had identified certain shortcomings, though specific details were not disclo...

The Karnataka government has withdrawn the Town and Country Planning (Amendment) Bill, citing flaws in its provisions. Urban Development Minister Suresh BS announced the decision in the Assembly, stating the government had identified certain shortcomings, though specific details were not disclosed. The bill had also faced objections from Governor Thaawarchand Gehlot, whose concerns contributed to the decision. Sources within the Urban Development Department revealed that the bill aimed to regularise illegal layouts through a betterment fee. However, the Supreme Court’s stay on the contentious ‘Akrama Sakrama’ scheme, which sought to legalise unauthorised constructions, complicated matters. Legal constraints and the risks of judicial conflict ultimately led the government to prioritise compliance and halt the bill’s progress.

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Infrastructure Urban

Greater Noida Film City to Begin with Rs 1.5 Billion First Phase

Greater Noida is set to host one of India’s most ambitious entertainment infrastructure projects with the upcoming International Film City in Sector 21, along the Yamuna Expressway. The Uttar Pradesh government, led by Chief Minister Yogi Adityanath, is expected to lay the foundation stone in late June, either in person or via video conference. While June 16 has been speculated, the final date is yet to be officially confirmed.The project is being developed by Bayview Bhutani Film City Pvt Ltd—a joint venture between filmmaker Boney Kapoor and the Bhutani Group—in collaboration with the ..

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Infrastructure Energy

CCL to Add 2 New Mines, Boosting Output by 12 MT

Coal India subsidiary Central Coalfields Ltd (CCL) is set to commission two new coal mines in the 2025–26 financial year, aiming to enhance its annual production capacity by 10 to 12 million tonnes. The initiative is part of the company’s broader plan to exceed 110 million tonnes of coal production this fiscal and reach 150 million tonnes by 2030.“We have planned to open two new mines this year,” said Nilendu Kumar Singh, Chairman and Managing Director of CCL.Production at the Kotre Basantpur block, a coking coal mine with a peak rated capacity of 5 million tonnes per annum, is expecte..

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Building Material

India Cements Sells ICML Stake for Rs 980 Million

India Cements has announced the sale of its entire equity holding in Industrial Chemicals and Monomers Ltd (ICML) to Mirai Sensing Private Ltd for a consideration of Rs 980 million. The transaction was disclosed through a regulatory filing with the Bombay Stock Exchange.Following the completion of this sale, ICML will cease to be a subsidiary of India Cements, the filing confirmed.ICML, registered in Tirunelveli, Tamil Nadu, had earlier suspended operations. According to the company’s annual report for 2024, the business had become unviable due to reasons previously disclosed. The report fur..

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