Bangalore, Jul 24 (UNI) Karantaka Chief Minister B S Yeddyurappa informed the Legislative Council here today the State Government will come out with a Comprehensive Advertisement Policy to prevent loss in revenue from hoardings and regulate their installation at certain places.
Replying to a question from Mr M Srinivas (JD (S)) during Question Hour, Mr Yeddyurappa said his government was ready to formulate a concrete policy within 15 days.
He said his government would take into considerations the concerns of the members who claimed the State Exchequer was losing huge revenue following the nexus between certain individuals and the officials of Brihath Bangalore Mahanagara Palike (BBMP).
Mr M C Nanaiah (JD (S)) said lack of regulations over installing hoardings gave the city and its citizens a bad name.
Mr V Venkatesh (Cong), who intervened, said the government could earn hundreds of crores as advertisement revenue if proper regulations were in place.
After noting the members' considerations, Mr Yeddyurappa said henceforth no fresh permission would be given to erect new hoardings nor the existing ones renewed till the new policy was formulated.
UNI MV AKM SY MIR KP1726