India, Jan. 21 -- The cabinet also accorded approval for formulation and notification of directives under Section 4 of the Punjab Management and Transfer Municipal Act, 2020, to facilitate the transfer of municipal properties belonging to the Punjab government departments, boards, corporations, and other public sector undertakings for public purposes. By doing so, the cash-strapped government plans to mop up earnings. Last year, the government asked all departments and boards and corporations to list the properties they own. The properties will be developed under the optimum utilisation of vacant government lands (OUVGL) scheme. The government had to roll back the OUVGL scheme after its land pooling scheme faced resistance from farmers and the opposition parties. The extension of the time period for PAPRA (Punjab Affordable Property Registration Act) licensed projects by one year, from January 1, 2026, to December 31, 2026, was also approved in the meeting. The extension will be granted by paying a fee of Rs.25,000 per acre per year for a maximum period of up to three years and will be allowed by the competent authority....