Overview

• The Punjab Cabinet has amended the 2021 Municipal Properties Rules, requiring property buyers to pay the full sale price within 180 days, replacing the previous three-year installment plan.
• This adjustment aims to accelerate revenue collection for Urban Local Bodies, strengthen municipal finances, and reduce legal disputes over delayed payments.
• ₹5 crore has been allocated to the Punjab Innovation Mission to foster industrial growth, create jobs, and position Punjab as a key industrial hub.
• The Cabinet approved the drafting of service rules for 207 specially promoted Punjab Police personnel to streamline career progression and address service matters.
• The Punjab Appropriation Acts (Repeal) Bill, 2025, was approved to eliminate redundant laws, modernize governance, and align with recommendations for decriminalization.