Karnataka govt sets rules for layout approvals on converted land outside planning areas
Bengaluru (PTI): The Department of Rural Development and Panchayat Raj in Karnataka issued directions on the procedures to be followed for granting design approval for layouts developed on converted lands situated within gram panchayat limits but outside local planning areas.
According to a statement, under Section 199(B) of the Karnataka Gram Swaraj and Panchayat Raj (Amendment) Act, 2025, the concerned authority, either the Gram Panchayat or any authority notified by the government—must obtain prior approval of the layout plan from the competent planning authority having jurisdiction.
This approval is mandatory before issuing a new 'khata' or Property Identification (PID) number for building sites intended for construction purposes, it said.
The statement further said that developers are required to submit an application in Form 1, along with the necessary documents, to the gram panchayat as specified in Regulation 4(1).
As per the approved layout plan, layout owners must transfer, free of cost, through a registered relinquishment deed, all areas earmarked for road widening, roads, parks, parking spaces, civic amenity areas, public utility areas, and other basic facilities to the concerned Gram Panchayat, the department said.
It added that, under Regulation 11, layout owners must carry out all development works within the approved layouts as per existing rules and in accordance with the approved plans and authenticated estimate schedules certified by relevant departments, including the Panchayat Raj engineering, rural drinking water and sanitation, ESCOM, and so on.
The department also directed that gram panchayats located outside local planning areas must ensure that design approvals and development works in converted lands within their limits are implemented in accordance with the prescribed guidelines.
"They must also maintain all necessary documents related to the layouts and take appropriate steps to bring such properties under the tax ambit," the statement said.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
