Karnataka to table Greater Bengaluru Governance Bill in next legislative session
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Bengaluru (PTI): The Karnataka cabinet on Thursday decided to present the Greater Bengaluru Governance (Second Amendment) Bill, 2025 in the upcoming legislative session.
The amendment seeks to provide greater clarity on the appointment of members of Parliament and legislators as members of the Authority, Karnataka Minister H K Patil said.
Administrative approval was also granted to procure mechanical sweeping machines on a rental basis for seven years for cleaning the main and sub-main roads of five municipal corporations of Bengaluru, at a total estimated cost of Rs 613.25 crore as limited by the respective corporations.
The cabinet approved leasing 10 acres of land at Turumuri Waste Management Area to Gas Authority of India Limited (GAIL) at a nominal lease rate for 25 years to establish a Compressed Bio Gas (CBG) unit that will process about 150 tonnes of wet waste collected daily within the jurisdiction of Belagavi City Corporation; informed the Minister for Law and Tourism.
It also decided to upgrade the Town Panchayats of Bhalki and Kamalpur to Town Municipalities.
Further, administrative approval was granted to provide necessary services to the ground and first floor of the Super Specialty Hospital building constructed in the premises of Hassan Institute of Medical Sciences at an estimated cost of Rs 21 crore.
It was proposed that by providing necessary services to the ground and first floors for starting the essential super specialty departments in the first phase, the Super Specialty Hospital would become operational, enabling quality super specialty treatment at affordable cost to the poor and needy patients of Hassan, nearby districts, and neighbouring states.
The Cabinet agreed to renew for 30 years the lease of five acres of government pasture land granted to Sri Rajarajeshwari Education Trust, Bengaluru, for educational purposes at Channasandra Village in Bengaluru East Taluk.
Also approval was given to grant six Guntas of land in Solehanahalli village in Molakalmuru Taluk, of Chitradurga District for Congress Bhavan.
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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.
