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

Shipping ministry eases vessel leasing rules for GIFT City IFSC entities

14 Jul 2026

The Centre has exempted units operating from the International Financial Services Centre (IFSC) at GIFT City from obtaining a licence from the Directorate General of Maritime Administration (DGMA) to charter foreign vessels. The move has been notified under the Coastal Shipping Act, 2025, and is expected to simplify vessel leasing for eligible entities. Earlier, foreign-flagged ships required DGMA approval to undertake coastal trade in Indian waters. The decision comes after concerns were raised that the new law could affect Indian commodity trading firms relying on foreign vessels for international operations.Read more

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Debris clearance continues at Kashedi Ghat as traffic restrictions remain on Mumbai–Goa highway

13 Jul 2026

• Debris removal operations continued at the Kashedi Ghat section of National Highway 66 after a landslide triggered by heavy rainfall disrupted traffic on the Mumbai–Goa highway.
• Mumbai-bound vehicles have been diverted to the opposite carriageway while authorities work to restore normal movement on the affected stretch.
• The landslide temporarily closed the highway for several hours, with machinery and emergency personnel deployed to clear mud and rocks from the roadway.
• Authorities have advised motorists to exercise caution as restoration work continues amid ongoing monsoon conditions.
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Maharashtra to protect pre-2011 slums on government forest land through rehabilitation policy

13 Jul 2026

The Maharashtra government has announced that slums established on government forest land before January 1, 2011, will be protected through a rehabilitation policy rather than eviction, subject to legal approvals. Forest Minister Ganesh Naik informed the Legislative Assembly that the state would seek necessary permissions from the judiciary and the Centre wherever required. The proposal aims to address long-standing housing issues affecting eligible occupants while ensuring compliance with forest conservation laws and applicable rehabilitation frameworks.Read more

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Delhi court invalidates ED summons served on Amit Katyal’s son in Gurugram realty fraud case

13 Jul 2026

A Delhi court has ruled that the Enforcement Directorate (ED) cannot treat summons served at the Delhi residence of real estate businessman Amit Katyal as valid service on his son, Krishan Katyal, who is a foreign national residing overseas. In its order issued earlier this week, the court held that the agency must follow the prescribed legal procedure for serving notices on individuals living abroad. The case forms part of the ED’s money laundering investigation into alleged homebuyer fraud linked to the Krrish Florence Estate project in Gurugram’s Sector 70. The ruling clarifies that Krishan Katyal is neither an accused in the predicate offence nor in the money laundering case currently under investigation.Read more

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BEST bus crashes into 14 vehicles in Mumbai's Andheri, several injured

Mumbai News Desk

13 Jul 2026

• A Brihanmumbai Electric Supply and Transport (BEST) bus rammed into 14 vehicles on S.V. Road near the Andheri subway on Friday afternoon, leaving six to eight people injured.
• The accident occurred at around 4.15 pm when the bus, operating on Route 242 between Millat Nagar and Andheri Bus Station (West), was taking a right turn from Caesar Road.
• The injured were rushed to nearby hospitals, while police and civic authorities launched an investigation into the cause of the accident.
• The incident is the second major accident involving a wet lease BEST bus, where the vehicle is operated and maintained by a private contractor while running under the BEST network.
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Worker dies after fall from Wadala SRA tower; police probe construction site safety

Mumbai News Desk

13 Jul 2026

A 34-year-old construction worker died after falling from the 22nd floor of an under-construction Slum Rehabilitation Authority (SRA) residential tower in Wadala, Mumbai. The incident occurred while terrace work was underway on a building where possession had already been handed over to several occupants. RAK Marg police have registered an Accidental Death Report (ADR) and launched an investigation into the circumstances surrounding the fatal fall, including whether prescribed workplace safety measures and construction protocols were followed.Read more

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Centre prepares to roll out toll-annuity model to revive highway PPP investments

13 Jul 2026

• The Centre is preparing to invite bids for select national highway projects under a new toll-cum-annuity model aimed at reviving private participation in road development.
• The proposed framework combines features of the traditional Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM), while providing upfront government support for financially challenging projects.
• Officials believe the revised concession structure will improve project bankability, optimise risk allocation and attract long-term infrastructure investors.
• The model is expected to form part of a revised Model Concession Agreement (MCA) currently being finalised by the Ministry of Road Transport and Highways.
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Citizens' group seeks halt to NAKSHA land verification in Goa's Cuncolim

13 Jul 2026

• A citizens' group in Cuncolim, Goa, has urged the state government to temporarily suspend the NAKSHA land verification survey, citing concerns over its implementation and possible impact on ancestral land ownership.
• Residents fear that inaccuracies in the verification process could push long-held family properties into legal disputes, particularly where ownership records are incomplete or inheritance claims remain unresolved.
• The group has demanded greater transparency, public consultation and legal safeguards before the survey proceeds, arguing that landowners require clarity on the verification methodology and grievance redressal mechanisms.
• State authorities have maintained that the NAKSHA initiative aims to modernise land records and improve property documentation, but local opposition has highlighted the need to address public concerns before the exercise is expanded.
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Maharashtra launches statewide audit of church and missionary land transfers

13 Jul 2026

• The Maharashtra government has ordered a three-month statewide inquiry into land owned by churches and Christian missionary institutions to examine transfers carried out after Independence.
• A high-level committee will review ownership records, historical grants and subsequent transactions, with particular attention to allegations of irregular land transfers.
• The probe also seeks to resolve the long-pending Nashik Diocesan Trust land dispute affecting thousands of families.
• Officials say the exercise is intended to establish factual ownership through official records before deciding on any legal or administrative action.
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Centre notifies amendments to NCR Planning Board Rules to streamline member nominations

13 Jul 2026

• The Ministry of Housing and Urban Affairs has notified the National Capital Region Planning Board (Amendment) Rules, 2025, introducing changes to the process of nominating representatives to the NCR Planning Board.
• The amendments revise the rules governing the nomination of representatives from participating states and local authorities, while also updating procedures related to the appointment of substitute members.
• The revised provisions seek to improve administrative efficiency and ensure continuity in the functioning of the Board by clearly defining nomination and representation procedures.
• The amended rules have come into force from the date of their publication in the Gazette of India.
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