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%

Infrastructure

Noida airport proposes higher passenger fee of up to INR 1,200 for departures

Noida News Desk

20 Mar 2026

Noida International Airport has proposed a revised user development fee (UDF) structure for passengers, with departure charges ranging from INR 653 to INR 1,200 for FY27. The proposal, submitted to the Airports Economic Regulatory Authority, also includes fees for arriving passengers and a plan for annual increases till FY31. The move comes as the airport prepares to start operations and aims to balance revenue generation with competition in the NCR's dual-airport market. The final tariff decision is currently under regulatory review.Read more

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Government expands seaplane push with 28 water aerodromes under UDAN 3

20 Mar 2026

The central government has identified 28 water aerodromes under the UDAN 3 scheme to expand seaplane operations and improve regional connectivity. The plan focuses on linking remote, coastal, and island locations where traditional airport infrastructure is difficult to build. Seaplane services, first introduced under UDAN 3, had seen slow progress earlier due to operational and cost challenges. With this renewed push, the government aims to strengthen tourism circuits and reduce travel time. The move builds on earlier efforts where select water aerodromes and routes were already taken up but faced execution hurdles.Read more

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BMC advances citywide road concretisation while preparing for next expansion phase

Mumbai News Desk

20 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) continues its large-scale road concretisation project, replacing asphalt and paver surfaces with concrete across Mumbai's island city and suburbs. So far, over 1,330 km of roads have been completed under two phases of the initiative, which targets more than 2,050 km in total. As civic authorities prepare estimates for a proposed next phase costing around INR 2,500 crore, political leaders have raised concerns over coordination issues, unfinished work, and tender transparency. The project remains a key step in improving city roads and commuter safety.Read more

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Government steps up aerospace manufacturing push with global partnerships

20 Mar 2026

The government is working to strengthen India's aerospace manufacturing sector by promoting global collaborations and expanding domestic production capabilities. Civil Aviation Minister K Rammohan Naidu informed the Rajya Sabha that Indian firms are partnering with global players such as Embraer and Sukhoi to set up manufacturing and assembly facilities in the country. While India already has a base in component manufacturing, the focus is now on moving towards final assembly and higher-value production. These efforts aim to attract investment, improve the aviation ecosystem, and position India as a global aerospace manufacturing hub.Read more

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VMRDA begins development of Vizag Bay City coastal hub

Visakhapatnam News Desk

20 Mar 2026

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has initiated the Vizag Bay City coastal project, aiming to transform a 40 sq km stretch between Kailasagiri and Bheemunipatnam into a vibrant mixed use waterfront destination. The plan focuses on coastal tourism, global business ecosystems, and premium residential development. It will feature scenic corridors, heritage restoration, Blue Flag beaches, water sports, adventure parks, innovation districts, and luxury residences. By FY2032, the project aims to attract about 1.5 million high-value visitors annually, supporting regional economic growth and positioning Visakhapatnam as a global coastal city.Read more

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Centre extends localisation deadline for electric bus and truck makers under PM E-Drive scheme amid supply chain constraints

20 Mar 2026

The Union government has extended localisation requirements for electric bus and truck manufacturers by six months under the PM E-Drive scheme, allowing continued import of traction motors until early September. The decision, taken in the past week by the Ministry of Heavy Industries, provides relief to manufacturers facing supply disruptions linked to rare earth magnet availability. The scheme, with an outlay of INR 10,900 crore, links incentives to phased domestic manufacturing of key EV components. The extension applies to traction motors used in heavy electric vehicles, which were earlier required to be locally produced within strict deadlines. The move aims to ensure continuity in production while giving industry additional time to meet indigenisation targets amid ongoing global supply challenges.Read more

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RVNL secures INR 95.27 crore NMDC contract for railway track refurbishment at mining locations in Chhattisgarh

19 Mar 2026

Rail Vikas Nigam Limited (RVNL) has secured a contract worth INR 95.27 crore from NMDC Limited for railway track refurbishment and maintenance works in Chhattisgarh. The order, awarded in the past week, covers upgrading permanent railway infrastructure at mining-linked sidings in Kirandul and Bacheli. The scope includes refurbishment of tracks and ongoing maintenance of mobile equipment rail systems critical for mineral transport operations. The project is scheduled for completion within 36 months and forms part of RVNL's core railway infrastructure business. The contract reflects continued investment by NMDC in strengthening logistics infrastructure at its mining sites, supporting operational efficiency and bulk material movement through rail connectivity.Read more

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Andhra Pradesh clears 424 acres in Kadapa for JSW Steel’s integrated plant

19 Mar 2026

The Andhra Pradesh government has approved the allocation of over 424 acres of land in Kadapa district to facilitate an integrated steel plant by JSW Steel. The land, spread across multiple villages in Jammalamadugu mandal, has been allotted to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) at a cost of INR 21.3 crore. The decision follows recommendations by the Andhra Pradesh Land Management Authority. The developer has been mandated to utilise the land within three years, failing which the allocation may be revoked. The move reflects continued state-level efforts to attract industrial investments, which are expected to drive regional infrastructure development and influence land use patterns in emerging industrial corridors.Read more

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NHAI awards INR 181 crore bypass project to divert traffic from Gangaikonda Cholapuram temple zone in Tamil Nadu

19 Mar 2026

The National Highways Authority of India (NHAI) has awarded a contract worth approximately INR 181 crore to construct a 7 km greenfield bypass near Gangaikonda Cholapuram in Tamil Nadu. The project, announced in the past week, aims to divert vehicular traffic particularly heavy vehicles away from the UNESCO World Heritage temple precinct located along NH-81 in Ariyalur district. The two-lane bypass with paved shoulders will run between Ponneri Lake and Meensurutti, including service roads, bridges, and underpasses. The initiative is intended to reduce congestion, improve safety for pilgrims and tourists, and minimise structural and environmental impact on the heritage site. The project is expected to be completed within a year and will also enhance regional connectivity.Read more

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No funds released yet under INR 24,000 crore solar PLI scheme, Parliament told

19 Mar 2026

The INR 24,000 crore PLI scheme for high-efficiency solar PV modules has yet to release any funds to manufacturers, as incentives are scheduled for one year after project commissioning. The scheme has awarded 48,337 MW of module manufacturing capacity, including 30 GW of modules, 10.5 GW of cells, and 2 GW of ingot-wafer capacity, with 4 GW commissioned last October. Slow progress in upstream components is due to limited domestic experience and global supply chain concentration. The government is promoting vertical integration and supporting ancillary manufacturing while developing a skilled workforce to reduce import dependence.Read more

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