Karnataka to hold no general elections till December, investors meet in February 2022 | Bengaluru News – Times of India


BENGALURU: The state government on Thursday took a decision to postpone all general elections until after the Covid-19 pandemic loses its ferocity in Karnataka.
Anticipating a third wave of the pandemic, the cabinet on Thursday decided that the state will not be in any position to host any general elections in the state.
The same will be conveyed to the state election commission (SEC) and the chief electoral officer (CEO).
“The cabinet has reiterated that the state is in no position to host a general election due to the pandemic. We have, thus, resolved that all decisions pertaining to the pending Taluk and Zilla Panchayat elections will be taken only by December 2021,” said law and parliamentary affairs minister Basavaraj Bommai after the cabinet meeting.
However, the cabinet did make an exception by suggesting that the government has agreed to hold the elections to the president and vice-president posts of co-operative societies.
“The co-operation minister had suggested that these elections involve not more than 10 or 20 people in every society and that it will go a long way in ensuring transparency and accountability. Hence, the cabinet has agreed to this election alone,” said Bommai.
Earlier, Bommai announced that Karnataka will host the much delayed Global Investors Meet at Bengaluru palace grounds for three days in 2022.
Named Invest Karnataka -2022, the business event will take place between February 9 to February 11.
“We are confident that the state will secure a good response,” said the minister.
Bommai said the cabinet was apprised by the industries department that they are already in touch with the major possible investors and other firms across the world to make the event a success.
Further, Bommai also said the cabinet had also approved an Oxygen manufacturers and storage policy in the state with major sops for private entrepreneurs.
“Having faced the disastrous situation of oxygen shortfall during the Covid-19 pandemic second wave, we want to secure our oxygen supply and storage for the future. Accordingly, we have decided to bring out sops in the state for private entrepreneurs to invest in manufacturing and storage,” he said.
At present, Karnataka has as many as 9 units oxygen manufacturing and six firms involved in it. While it has a manufacturing capacity of 815 metric tonnes (MT), storage capacity is placed at 5,280 MT.
“In order to increase this capacity, both manufacturing and storage, we have decided to bring a detailed sops policy,” said Bommai.
Accordingly, oxygen manufacturers and/or storage companies will be provided 25 per cent subsidy on the value of their fixed assets subject to a minimum investment of Rs 10 crore.
The state cabinet has also approved 100 per cent reimbursement on land conversion charges and 100 per cent subsidy on stamp duties for loans and land documents transfer. A Re 1 per Rs 1000 worth of documentation registered will also be provided as concession.
“We have also agreed to give 100 percent exemption on stamp duty for three years after the commencement of commercial operations, and an additional tariff subsidy of Rs 1,000 per MT of oxygen supplied to the state government,” said Bommai.
Other decisions:
* State cabinet recommends to governor early release of 139 convicts
* A farmer self declaration crop survey application worth Rs 48 cr approved
* 12th century reformer Basavanna statue to be installed inside Vidhana Soudha premises

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