In a significant decision, the State Cabinet on Monday approved a cut in the stamp duty on registration of land. As per new policy the buyer of land will now pay 5 per cent as stamp duty.
Earlier, people were paying 8 per cent as stamp duty during registration of land in rural areas and 11 per cent in urban areas.
The decision will come into effect from Tuesday in all parts of the State, Chief Secretary Ajit Kumar Tripathy told presspersons after the Cabinet meeting.
In another significant decision, the Cabinet gave its approval to the decision to provide block grant to a total of 1200 non-government colleges and 252 high schools across the State.
Further, the Cabinet gave its green signal for sale of Mohua liquor in Kandhamal district.
The cabinet also decided to set up new guidelines for power sector and to modify the MoUs that had been signed with various private companies for setting up of power plants for availing electricity from the producers.
The Cabinet also decided to hold the monsoon session of the State Assembly from August 20.
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