FARM LAND IN KARNATAKA
Bill on the table to increase the income limit to buy farm land in Karnataka.
The State government on Monday March 2015 introduced an amendment bill in the Legislative Assembly, seeking to increase the income limit for purchasing farm land to Rs 25 lakhs from Rs 2 lakhs.
On amendments to the Karnataka Land Reforms Act, 1961, the Minister said the government was contemplating amendments to Section 79-A that bars persons having an annual non-agricultural income of above Rs. 2 lakh from buying agricultural land.
The Karnataka Land Reforms (Amendment) Bill, 2015, also proposes to empower Deputy Commissioners of districts to grant permission for purchasing a certain extent of land for educational, industrial, religious and housing projects. The Bill was piloted by Revenue Minister V Sreenivas Prasad.
It is a good move as Government can expect some revenue from this amendment.
By Vidyadhar Naik– LOCAL SPACE M:09035611299