30 Mar 2026

Vadodara Municipal Corporation is preparing to raise around INR 200 crore through a proposed blue bond issuance by mid-year, aimed at financing water management projects. The civic body has received regulatory approvals, and the credit rating process is currently underway. Blue bonds, similar to green bonds, are linked to sustainable infrastructure and may qualify for central government incentives. The corporation has previously accessed the bond market, raising INR 100 crore each through municipal bonds in 2022 and green bonds in 2024. The move comes amid stable but slightly declining revenue receipts and rising expenditure, reflecting the need for alternative funding sources for urban infrastructure development.Read more

30 Mar 2026

The government has instructed the RBI to maintain retail inflation at 4 per cent with a 2 per cent tolerance until March 2031, marking the second confirmation of this target since 2016. The CPI rose to 3.21 per cent in February. The RBI has reviewed the inflation framework ahead of the next five-year cycle, seeking feedback on whether headline or core inflation should guide policy, the relevance of the 4 per cent target, and possible adjustments to the tolerance band. India's flexible inflation-targeting framework has largely succeeded in stabilizing prices and maintaining policy credibility.Read more

30 Mar 2026

Delhi's latest budget for FY27 dedicates INR 8,374 crore to transform the city's transport system with a focus on cleaner, sustainable mobility. Funding prioritises the expansion of the metro under DMRC Phase IV and Phase V, development of Regional Rapid Transit System (RRTS) corridors, and electric vehicle adoption. The EV bus fleet will grow from 4,400 to 5,800, with a longer-term target of 12,000 by 2029. Investments also include charging infrastructure, new automatic testing stations, and feasibility studies to reduce congestion and pollution in the city.Read more

30 Mar 2026

The Supreme Court has ruled that interest and solatium on land acquired under the NHAI Act cannot be restricted based on the financial burden of the acquiring authority. Interest must follow the Land Acquisition Act at nine per cent rather than the five per cent cap under the NHAI Act. The court rejected NHAI's plea to review an earlier ruling, despite the increase in projected liability. It also emphasized that finalized cases cannot be reopened, balancing the protection of landowners rights with legal certainty and closure in land acquisition disputes.Read more

30 Mar 2026

A special CBI court in Mumbai has convicted a retired bank manager and nine others in a home loan fraud case from the early 2000s involving the Central Bank of India. The accused were found guilty of fraudulently sanctioning 17 housing loans using forged documents and fake buyers, leading to losses of around INR 48.6 lakh. The main conspirators were sentenced to five years in jail along with fines, while the bank official received a one-year sentence. The case highlights gaps in loan verification processes and the long timeline of financial crime investigations.Read more

30 Mar 2026

Delhi Police's Economic Offences Wing has registered an FIR against Experion Developers and Experion Capital following a complaint by the Enforcement Directorate in a money laundering case linked to Religare Finvest Limited. The case revolves around the alleged diversion of INR 2,036 crore by former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, including INR 150 crore used to acquire land in Gurugram. Investigators have raised concerns over the use of insolvency proceedings, loan acquisition at a discounted value, and voting control within the Committee of Creditors to influence the resolution outcome of Dignity Buildcon.Read more

Gurugram News Desk

30 Mar 2026

The Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has directed Imperia Structures Ltd to pay approximately INR 55 lakh as compensation to homebuyers for loss of property appreciation due to delayed possession in its The Esfera project in Sector 37C, Gurugram. The order also includes additional payments towards mental agony and litigation costs. The buyers had booked the unit in 2013, with possession due by 2017, but faced prolonged delays. HRERA noted that the developer's failure to adhere to timelines resulted in financial loss linked to rising property values in the micro-market. The ruling reinforces the authority's approach of awarding compensation beyond refunds in cases of prolonged project delays.Read more

Hyderabad News Desk

30 Mar 2026

The Greater Hyderabad Municipal Corporation (GHMC) has sealed Katriya Hotel and Towers in Somajiguda over pending property tax dues of approximately INR 6.16 crore, with arrears dating back to 2017. The action forms part of a broader enforcement drive targeting high-value defaulters across the city. Despite a 90% waiver on interest under an ongoing settlement scheme, the dues remained unpaid. Alongside the hotel, five additional commercial properties were sealed for non-payment. Civic authorities have issued nearly two lakh demand notices across Hyderabad and stepped up recovery measures under the Revenue Recovery Act. The move reflects mounting pressure on municipal bodies to improve tax compliance and strengthen revenue collections.Read more

29 Mar 2026

Navi Mumbai Municipal Corporation has undertaken demolition action against an unauthorised structure in the Nerul division after the property owner failed to comply with a statutory notice issued under Section 54 of the Maharashtra Regional and Town Planning Act, 1966. The construction, located in Nerul village, was found to be ongoing despite prior enforcement warnings. The action was executed under the direction of Municipal Commissioner Dr Kailas Shinde, with supervision from senior officials including Additional Commissioner Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad. The operation involved municipal staff, labourers and mechanised equipment, supported by police personnel. The civic body has stated that enforcement drives will continue to address unauthorised developments across its jurisdiction.Read more

29 Mar 2026

Indian Railways has cleared projects worth INR 647.58 crore in Gujarat and Bihar to improve rail connectivity and reduce congestion. The plan includes a rail-over-rail flyover at Kosamba and a rail bypass at Bhagalpur. These projects aim to streamline train operations, improve safety, and increase line capacity on busy routes. The Kosamba flyover will support a key gauge conversion project, while the Bhagalpur bypass will help decongest existing tracks. The move is part of the Railways ongoing focus on improving efficiency and network capacity.Read more