ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

Karnataka Considers One-Time Settlement of Contractor Dues
ECONOMY & POLICY

Karnataka Considers One-Time Settlement of Contractor Dues

The Karnataka government is mulling a one-time settlement plan to address pending dues of Rs 320 billion owed by eight departments, including the Bruhat Bengaluru Mahanagara Palike (BBMP), to private contractors across the state.

This proposal was discussed in a meeting between Deputy Chief Minister D K Shivakumar and Karnataka State Contractors� Association president R Manjunath in Bengaluru. Manjunath noted that small- and medium-scale contractors were the most affected by the prolonged payment delays, with some waiting for up to two years.

The Deputy Chief Minister directed officials to prioritise clearing bills below Rs 20 million and release funds based on seniority. Though the scheme may take three to four months to implement fully, the association expressed optimism and described the plan as potentially historic.

The BBMP Contractors� Association raised concerns over unpaid bills since 2023, despite a simplified billing process. Shivakumar has promised consultations with top officials to resolve the issue.

Contractors also highlighted instances of officials demanding commissions for contracts. While Shivakumar claimed ignorance of such practices, Manjunath remained hopeful that the government would tackle corruption seriously.

Source: Deccan Herald

The Karnataka government is mulling a one-time settlement plan to address pending dues of Rs 320 billion owed by eight departments, including the Bruhat Bengaluru Mahanagara Palike (BBMP), to private contractors across the state.This proposal was discussed in a meeting between Deputy Chief Minister D K Shivakumar and Karnataka State Contractors� Association president R Manjunath in Bengaluru. Manjunath noted that small- and medium-scale contractors were the most affected by the prolonged payment delays, with some waiting for up to two years.The Deputy Chief Minister directed officials to prioritise clearing bills below Rs 20 million and release funds based on seniority. Though the scheme may take three to four months to implement fully, the association expressed optimism and described the plan as potentially historic.The BBMP Contractors� Association raised concerns over unpaid bills since 2023, despite a simplified billing process. Shivakumar has promised consultations with top officials to resolve the issue.Contractors also highlighted instances of officials demanding commissions for contracts. While Shivakumar claimed ignorance of such practices, Manjunath remained hopeful that the government would tackle corruption seriously.Source: Deccan Herald

Next Story
Infrastructure Urban

MoHUA Plans New Role for Smart City SPVs

In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..

Next Story
Infrastructure Urban

ADB Approves $110 Million Loan to Boost Skills in Gujarat

The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat’s efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..

Next Story
Infrastructure Urban

SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India’s Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement