Karnataka Cabinet approves implementation of water resilience project worth Rs 5,000 crore
Bengaluru (PTI): The Karnataka Cabinet has approved the implementation of the World Bank-assisted Karnataka Water Security and Disaster Resilience Programme (KWSRDP) at an estimated cost of Rs 5,000 crore.
The World Bank will give a loan of Rs 3,500 crore for the project.
The project will be taken up after the approval of the Department of Economic Affairs, Government of India, and signing of the loan agreement with the World Bank.
It was decided in the cabinet meeting on Thursday to authorise the Department of Revenue (Disaster Management) to implement the KWSDRP.
The government has also directed to authorise the Department of Finance to negotiate the loan with the World Bank to determine the terms and currency of the loan, pending the approval of the Department of Economic Affairs, Government of India.
The cabinet also gave its nod to the Public Private Partnership Policy-2025.
It also decided to withdraw the Karnataka Urban and Rural Planning (Amendment) Bill, 2024 pertaining to premium floor area ratio (FAR).
The decision was taken in view of Governor Thaawarchand Gehlot returning the Bill seeking some clarifications.
"Since the points on which the Governor has sought clarifications involve legal aspects, it is appropriate to consult with the relevant stakeholders. A comprehensive review is advisable," a cabinet note said.
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Drug peddler's property worth Rs 1 crore attached in Srinagar
Srinagar (PTI): Property worth Rs 1 crore belonging to a notorious drug peddler was on Saturday attached in Jammu and Kashmir's Srinagar, police said.
A double-storey house on eight marlas of land situated at Wantpora Eidgah, belonging to Basit Bilal Dar, a notorious drug peddler, valued at approximately Rs 1 crore, a police spokesperson said.
He said Dar is involved in two cases registered under various sections of the NDPS Act.
During investigation, it was established that the accused had acquired the said property through illicit proceeds generated from drug trafficking activities, the spokesperson said.
Consequently, the property was attached under the provisions of the NDPS Act. The attachment proceedings were conducted in the presence of the two independent witnesses, strictly in accordance with the prescribed legal procedures, he said.
As per the attachment order, the owner has been restrained from selling, leasing, transferring, altering, or creating any third-party interest in the property till further orders, the spokesperson added.
