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

Ghaziabad Municipal Corporation proposes cutting house tax on small shops from 5x to 1.5x residential rate

2 hours ago

The Ghaziabad Municipal Corporation is considering a proposal to reduce house tax on small shops measuring up to 120 square feet, cutting the rate from five times the residential rate to 1.5 times, which could bring the annual tax on such shops down from approximately INR 5,875 to INR 1,762. The relief is aimed at small traders running businesses such as tea stalls, dairy shops, bakeries, paan shops, salons and tailoring units. Alongside the proposed reduction, the civic body is offering a One-Time Settlement scheme for outstanding dues, running from 15 August to 15 December 2026, and is also examining whether MSME-registered traders can be taxed at residential rates.Read more

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Bhubaneswar civic and development bodies raze 330 transit houses in joint drive near Kanyashram

3 hours ago

The Bhubaneswar Development Authority (BDA) and Bhubaneswar Municipal Corporation (BMC) jointly demolished 330 transit houses near Kanyashram, under Chandrasekharpur Mouza, as part of an enforcement drive to clear unauthorised occupation of government land. The operation, carried out on Tuesday, also removed 45 toilets and bathrooms, a roughly 500-foot laterite stone boundary wall, an anganwadi centre and three wooden cabins. Officials said the cleared land will facilitate construction of a branch road connecting to the Right Parallel Road, supporting planned infrastructure development in the area. Eight JCB machines and multiple police units were deployed for the operation.Read more

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HC stays BMC takeover of leased YMCA playground in Mumbai Central

Mumbai News Desk

16 Aug 2026

The Bombay High Court has stayed the Brihanmumbai Municipal Corporation’s move to take possession of a YMCA-run playground and gymnasium at Willingdon Ground in Mumbai Central. The dispute concerns the civic body’s attempt to reclaim the property despite the YMCA claiming rights under an existing lease arrangement. The interim order temporarily prevents the BMC from proceeding with the takeover, while the court examines the legal and contractual issues surrounding the use and possession of the public recreational premises.Read more

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NMMC warns recruitment candidates against fake appointment messages

16 Aug 2026

Navi Mumbai Municipal Corporation (NMMC) has cautioned candidates participating in its 2025-26 direct recruitment process against relying on unauthorised messages claiming that the Junior Engineer (Electrical) examination result has been declared and appointments have been made. The civic body said it had advertised 132 vacant posts across 20 Group A, Group B and Group C cadres in December 2025 and received 19,220 applications. Online objective multiple-choice examinations for six cadres were conducted through Tata Consultancy Services (TCS iON) across 13 centres in six districts in July. The corporation said some candidates had received fraudulent emails asking them to pay INR 9,373 as a processing fee for original document verification. NMMC clarified that no such communication had been issued by its administration and urged candidates to report such demands to local police.Read more

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NMMC removes over 1.23 lakh mosquito breeding sites in joint cleanliness drive

16 Aug 2026

Navi Mumbai Municipal Corporation (NMMC) removed 1,23,117 mosquito breeding sites during a joint cleanliness and preventive health campaign conducted from July 30 to August 10, 2026. The drive was organised by the civic body's Health Department and Solid Waste Management Department under the ‘Safai Apnao, Bimari Bhagao’ campaign of Swachh Survekshan. Teams from 26 civic health centres worked with mosquito larva control, rodent control and sanitation staff to undertake intensive cleaning and preventive measures. The campaign included removal of scrap, cleaning of clogged drains, mosquito larvicide spraying, minor engineering repairs and rodent control measures. Discarded tyres, coconut shells, plastic containers, broken pots and other waste capable of collecting stagnant water were permanently removed. NMMC has urged residents to keep their homes and surrounding areas clean and dispose of scrap responsibly.Read more

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Navi Mumbai civic body plants 200 Surangi trees in Koparkhairane

16 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) has planted 200 Surangi saplings at Nisarg Udyan in Sector 14, Koparkhairane, as part of the ‘Mazi Vasundhara Abhiyan 7.0’ and the ‘Ek Ped Maa Ke Naam’ initiative. The 4-5 ft tall saplings were brought from Karnataka and planted by the mayor, municipal commissioner, elected representatives, civic officials, citizens and representatives of educational and social organisations. Mayor Sujata Patil also announced the proposed ‘Green Ward’ competition to encourage residents and institutions to participate in tree plantation and conservation. Municipal Commissioner Kailas Shinde said development in Navi Mumbai should take environmental considerations into account and that the civic body was prioritising native tree species while planning plantation activities to support biodiversity. Organisations that have assisted the civic body’s environmental initiatives were also felicitated during the programme.Read more

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Navi Mumbai schools conduct tricolour rakhi activity under Har Ghar Tiranga

15 Aug 2026

Navi Mumbai Municipal Corporation (NMMC) schools organised a tricolour rakhi-making activity under the ‘Har Ghar Tiranga’ initiative to encourage awareness of the national flag and foster a sense of patriotism among students. The activity was conducted in primary and secondary schools under the guidance of class teachers, with students bringing the required materials themselves. Teachers explained the significance of the saffron, white and green colours of the national flag, along with the Ashoka Chakra and its 24 spokes. The initiative also introduced students to the history and symbolism of the national flag while providing them with a hands-on activity centred on the colours of the Tricolour. A large number of students participated in making the rakhis as part of the school-level programme.Read more

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Not much concerned on proposed NBFC norms, revolving credit exposure below 5 pc:Tata Capital CEO

15 Aug 2026

Tata Capital’s revolving credit exposure is below 5% of its overall credit exposure, according to managing director and CEO Rajiv Sabharwal. The company is preparing its feedback on the Reserve Bank of India’s draft proposal that seeks to restrict non-banking financial companies from offering revolving credit products and require credit facilities to follow a term-loan structure. Sabharwal said Tata Capital does not expect major concerns from the proposal at this stage, although the company is still assessing the possible impact. The RBI has invited feedback from regulated entities and stakeholders before finalising the framework.Read more

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Traders’ body seeks policy measures at national conference in Delhi

15 Aug 2026

The Bharatiya Udyog Vyapar Mandal (BUVM) held its 45th Foundation Day National Traders’ Conference and Bhamashah Felicitation Ceremony at the Constitution Club of India in New Delhi on August 9. Around 1,000 trader representatives from 24 states and two Union Territories attended the event, which was presided over by BUVM national president Babulal Gupta. Union Minister for Law and Justice Arjun Ram Meghwal, who attended as chief guest, said stronger trade and business activity was necessary to support India's economic expansion and assured traders that their concerns relating to GST, online trade and other business matters would be considered. The conference discussed measures covering e-commerce, MSMEs, local trade, mandi taxation, GST and FSSAI regulations, besides proposing an expansion of the local-products initiative from 500 to 1,000 districts. BUVM also announced a national trade conference for January 2027.Read more

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Navi Mumbai extends SIR enumeration form deadline to August 17

15 Aug 2026

The Navi Mumbai Municipal Corporation has announced August 17 as the final deadline for voters to submit enumeration forms under the Special Intensive Revision (SIR) of electoral rolls. The revision exercise began on June 30, and voters who fail to submit their forms to their Booth Level Officer (BLO) by the extended deadline risk having their names excluded from the draft electoral roll. They would then have to submit Form 6 and complete the enrolment process afresh to have their names included again. To assist voters, special SIR camps will operate at 179 locations on August 8 and 9. Additional evening camps will also be held in parts of the Airoli constituency where form collection and digitisation remain comparatively low. The civic administration has urged voters to submit their forms before the final deadline.Read more

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