SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Law & Policy

Indore advances INR 416 crore Kanh river cleaning project to prevent sewage flow into Ujjain’s Kshipra ahead of Simhastha 2028

Indore News Desk

17 Mar 2026

The Indore Municipal Corporation is implementing an INR 416 crore river rejuvenation project to prevent untreated sewage from entering the Kanh river, a tributary that ultimately feeds into the Kshipra river in Ujjain. The initiative is being undertaken under the Namami Gange programme to ensure improved water quality ahead of the Simhastha Kumbh Mela scheduled in 2028, which is expected to draw millions of pilgrims. The project includes the construction of three sewage treatment plants, installation of new sewer networks using trenchless technology, and monitoring infrastructure to manage wastewater flows across the city. Civic authorities are accelerating construction and have directed contractors to increase labour and machinery deployment where progress has lagged. The project is intended to stop polluted discharge from Indore's waterways so that cleaner water flows into the Kshipra during the large-scale religious gathering.Read more

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APCRDA holds quarterly grievance redressal meeting, stresses worker welfare and safety in Amaravati projects

17 Mar 2026

A quarterly meeting of the Grievance Redressal Committee (GRC) was recently conducted at the headquarters of Andhra Pradesh Capital Region Development Authority in Rayapudi to review complaints and operational issues related to ongoing development works in the capital region. The meeting was chaired by Deputy Collector and Grievance Redressal Mechanism nodal officer P. Jayashree and attended by grievance officers and member secretaries from various committees. Discussions focused on labour welfare, wage-related complaints, safety awareness for residents and students, and compliance with traffic and operational guidelines at project sites across Amaravati.Read more

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Vijayawada Municipal Corporation approves installation of EV charging stations at major junctions and public parking areas

16 Mar 2026

The Vijayawada Municipal Corporation (VMC) has approved a proposal to establish electric vehicle (EV) charging stations at major road junctions, municipal parking spaces and other high-footfall locations across the city. The decision was taken during a recent municipal council meeting chaired by Mayor Rayana Bhagya Lakshmi, with civic officials stating that the initiative aims to support the growing adoption of electric mobility in Vijayawada. The project will identify suitable locations across the city where EV charging infrastructure can be installed to serve private vehicle owners, commercial fleets and public transport users. Authorities indicated that the rollout will align with national and state programmes promoting electric mobility, including the Smart Cities Mission, AMRUT and the FAME India scheme. The initiative is intended to strengthen urban charging infrastructure and facilitate wider EV adoption within the city's transport network.Read more

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CID registers complaint after investors allege INR 1.56 crore fraud linked to commercial investment scheme in WTC GIFT City Tower-C

16 Mar 2026

A group of investors has alleged financial fraud amounting to approximately INR 1.56 crore in connection with a commercial investment scheme linked to the World Trade Centre (WTC) GIFT City Tower-C development in Gujarat. The complaint, registered by the Gujarat CID (Crime) in the past week, claims investors were persuaded in 2021 to purchase commercial units in the project with assurances of a 1% monthly return, a buyback guarantee after two years, and a 12% bonus. According to the complaint, investors initially received monthly payouts for nearly a year, which reinforced confidence in the scheme. However, payments reportedly stopped in 2022, and cheques issued for repayment of the principal and bonus were later dishonoured. Investigators are now examining financial transactions, agreements and the involvement of company representatives connected to the project.Read more

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Telangana distributes house pattas and sanctions Indiramma houses to 412 displaced families in Velugumatla

16 Mar 2026

The Telangana government has distributed house site pattas and sanctioned homes under the Indiramma Housing Scheme to 412 families affected by demolitions on Bhoodan land in Velugumatla village in Khammam district. The beneficiaries were identified after a verification survey conducted following an eviction drive. Out of the total beneficiaries, 311 landless families will receive house sites and homes in Velugumatla, while 101 families will construct houses in their native villages. The government also plans to build a planned residential colony with civic amenities and complete the housing construction by December 9.Read more

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Mumbai court transfers INR 140 crore cheating case against Guruashish Construction to magistrate court

Mumbai News Desk

16 Mar 2026

A special CBI court in Mumbai has transferred a cheating case involving around INR 140 crore against Guruashish Construction Pvt Ltd and its directors Rakesh Wadhawan and Sarang Wadhawan to a magistrate's court after corruption charges under the Prevention of Corruption Act were dropped. The decision followed a Central Bureau of Investigation probe which found no involvement of public servants in the alleged fraud related to a loan from Union Bank of India. Since special CBI courts handle cases involving public officials, the matter will now proceed before a magistrate's court for further trial under criminal law provisions.Read more

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Maharashtra considers rehabilitation for first-floor slum dwellers in Mumbai

16 Mar 2026

Maharashtra is reviewing the inclusion of first floor slum residents in the Slum Rehabilitation Authority (SRA) schemes, addressing a long-standing gap where only ground floor occupants are currently eligible. State minister Shambhuraj Desai said the matter will be discussed with the Chief Minister and Deputy Chief Ministers. Lawmakers highlighted that many families have lived on first floors for decades, and excluding them could affect the city's slum free objectives. Officials also noted that agreements between builders and these residents are not legally enforceable under current rules.Read more

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Cable theft disrupts services on newly opened Delhi Metro corridor

16 Mar 2026

Services on a newly opened stretch of the Delhi Metro Rail Corporation network were disrupted after signalling cables were stolen from the track section between Bhalswa and Majlis Park. Nearly 1,000 metres of cable were removed, affecting the signalling system and forcing trains to run at restricted speeds, leading to delays for commuters. The corridor had become operational only days earlier as part of the Delhi Metro expansion. Police arrested one suspect and recovered burnt cable pieces during the investigation, while authorities began restoration work and increased surveillance along vulnerable sections of the route.Read more

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MHADA prioritises cluster redevelopment in Mumbai, targets creation of 20,000 affordable homes over the next six to seven years

Mumbai News Desk

16 Mar 2026

The Maharashtra Housing and Area Development Authority (MHADA) plans to generate around 20,000 affordable homes in Mumbai through large-scale cluster redevelopment projects covering nearly 800-1,000 acres across the city. The initiative forms part of the authority's strategy to increase housing supply for economically weaker sections (EWS) and lower income groups (LIG) while redeveloping ageing housing layouts built several decades ago. According to MHADA vice president and chief executive officer Sanjeev Jaiswal, the redevelopment of large residential clusters is expected to produce about 10 lakh sq m of housing stock over the next six to seven years, primarily in the 500-700 sq ft segment. Several MHADA layouts and older urban neighbourhoods, including Motilal Nagar, SVP Nagar, GTB Nagar in Sion, Abhyudaya Nagar, Kamathipura, and Mandvi Reclamation, are among the projects in various stages of planning, tendering, or implementation.Read more

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BMC initiates recovery action against 6,922 properties in Mumbai over INR 6,089 crore in unpaid property tax dues

Mumbai News Desk

16 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has intensified enforcement against property tax defaulters in Mumbai, initiating attachment proceedings against 6,922 properties with cumulative dues amounting to approximately INR 6,089 crore for the financial year 2025-26. The action forms part of the civic body's ongoing tax recovery drive as the financial year approaches closure. Authorities have already seized 483 properties and proposed auction proceedings for 210 properties where dues remain unpaid despite repeated notices. Following the enforcement action, 2,888 property owners cleared outstanding taxes totalling more than INR 784 crore. As of early this week, the civic body had collected around INR 6,024 crore, representing about 82% of its property tax target for the current fiscal year. Municipal officials have warned that stricter measures, including seizure and auction of properties, will continue against defaulters who fail to settle dues before the financial year-end.Read more

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