{"id":11769,"date":"2024-06-14T15:08:27","date_gmt":"2024-06-14T15:08:27","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=11769"},"modified":"2024-06-14T15:08:27","modified_gmt":"2024-06-14T15:08:27","slug":"karnataka-govt-to-permit-sale-of-sick-industries","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/karnataka-govt-to-permit-sale-of-sick-industries\/","title":{"rendered":"Karnataka govt to permit sale of sick industries"},"content":{"rendered":"<p>The government has decided to allow takeover or sale of sick industries in the state if the unit used 51% of its allotted land, ran for two years or more, and cleared all government dues before going sick.<\/p>\n<p>Currently, neither sale nor takeover of sick industries is permitted till their lease-to-sale period of 10 <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n       <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>          <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> years (earlier it was 99 years) is over. As a result, owners of thousands of sick industries were in a fix as they had no right over the property.<\/p>\n<p>The state has also decided to reduce the amount to be deposited by industrialists from the existing 40% to 25% of the total land cost at the time of issuance of preliminary notification.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has decided to allow takeover or sale of sick industries in the state if the unit used 51% of its allotted land, ran for two years or more, and cleared all government dues before going sick. Currently, neither sale nor Join Our Telegram Channel takeover of sick industries is permitted till their lease-to-sale &#8230; <a title=\"Karnataka govt to permit sale of sick industries\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/karnataka-govt-to-permit-sale-of-sick-industries\/\">Read more <span class=\"screen-reader-text\">Karnataka govt to permit sale of sick industries<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1098],"tags":[1248],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Karnataka govt to permit sale of sick industries - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/karnataka-govt-to-permit-sale-of-sick-industries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karnataka govt to permit sale of sick industries\" \/>\n<meta property=\"og:description\" content=\"The government has decided to allow takeover or sale of sick industries in the state if the unit used 51% of its allotted land, ran for two years or more, and cleared all government dues before going sick. Currently, neither sale nor takeover of sick industries is permitted till their lease-to-sale period of 10 years ... 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Currently, neither sale nor takeover of sick industries is permitted till their lease-to-sale period of 10 years ... 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