12 Jul 2026

The International Monetary Fund (IMF) has marginally lowered India's economic growth forecast, citing rising global energy prices and heightened geopolitical uncertainties that could increase inflationary pressures and moderate domestic demand. Despite the downward revision, India is expected to remain one of the world's fastest-growing major economies, supported by resilient domestic consumption, public investment and a strong services sector. The IMF noted that higher crude oil prices could widen the current account deficit and increase import costs, underscoring the need for continued macroeconomic stability amid evolving global economic conditions.Read more

12 Jul 2026

Andhra Pradesh IT Minister Nara Lokesh, during his visit to South Korea, invited BNK Venture Capital to support startups and SMEs in the state through investment mentoring, fund management and consulting expertise. He also encouraged BNK Financial Group to explore infrastructure financing opportunities and consider setting up a branch in Amaravati. The state further strengthened its investment outreach by inaugurating APEX Korea, a dedicated investor facilitation centre in Busan that will support Korean businesses looking to invest in Andhra Pradesh and assist existing investors.Read more

12 Jul 2026

The Delhi government has launched a survey across 48 recently declared urban villages to identify land for expanding and relocating the capital's prison infrastructure. Five committees have been formed to assess suitable land parcels for new jail facilities and a prison training institute. The exercise aims to address severe overcrowding in Delhi's prisons, where nearly 19,500 inmates are housed against a sanctioned capacity of 10,026, while supporting long-term public infrastructure planning.Read more

12 Jul 2026

The Kerala government has referred a proposal to transfer a 49% stake in the Vizhinjam International Seaport project to Mediterranean Shipping Company (MSC) to an Empowered Committee for detailed review. The panel will examine the concession agreement, legal provisions and the state's interests before submitting its recommendations to the Cabinet. The move follows Adani Ports' request for prior approval, with the government stating that no decision on the proposed stake transfer will be taken until the review is completed.Read more

11 Jul 2026

• Hanging advertisement hoardings, prohibited by the Madras High Court on road safety grounds, have resurfaced at several traffic signal junctions across Trichy, triggering concerns among commuters and safety activists.
• Residents and road safety experts have warned that the hoardings obstruct motorists' visibility of traffic signals, particularly at busy intersections, increasing the risk of accidents.
• Activists have urged the Trichy City Corporation and police to strictly enforce the court's order and remove unauthorised advertisements installed on signal poles.
• Civic officials said action would be initiated against violations, while road safety campaigners called for regular inspections to prevent the illegal display of hoardings.Read more

11 Jul 2026

The Mussoorie Dehradun Development Authority (MDDA) has opened public consultation for the draft Dehradun Master Plan 2041, inviting suggestions and objections from residents and stakeholders before the plan is finalised. The revised blueprint focuses on planned urban expansion, transport infrastructure, environmental conservation, affordable housing, and balanced land use to accommodate future population growth. Citizens can review the draft online and at designated offices, with the feedback process expected to shape the city's long-term development strategy.Read more

Mumbai News Desk

11 Jul 2026

• The Maharashtra government has submitted a INR 13,000-crore integrated flood-control plan to the Centre to tackle Mumbai's recurring monsoon flooding and improve the city's long-term climate resilience.
• The proposed project aims to address 370 chronic flooding hotspots, with the objective of draining accumulated rainwater within 30 minutes, even during periods of high tide.
• The plan includes major upgrades to the stormwater drainage network, advanced flood management systems and infrastructure interventions to reduce waterlogging across the city.
• Chief Minister Devendra Fadnavis said the project forms part of a broader strategy to strengthen Mumbai's urban infrastructure and improve resilience against increasingly intense rainfall events.Read more

11 Jul 2026

The Bengaluru Commercial Court has returned a suit filed by Singapore-based Lee Kim Tah against two nominee directors of L&W Constructions Private Limited, ruling that the matter does not qualify as a commercial dispute under the Commercial Courts Act. The case centres on alleged breaches of directors' fiduciary duties in the governance of the joint venture with Woh Hup Holdings. The order also cautioned the plaintiff on reporting court proceedings in the media. The ruling could influence how governance-related disputes in cross-border joint ventures are handled in India.Read more

Mumbai News Desk

10 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has approved an Occupation Certificate (OC) amnesty scheme for eligible buildings occupied before November 17, 2016, providing relief to thousands of residents living in long-pending projects.
• The scheme aims to regularise buildings that missed obtaining OCs due to procedural lapses, minor deviations or pending compliances, while excluding unauthorised constructions.
• Housing societies, schools and hospitals meeting the eligibility criteria will be able to apply after paying prescribed charges and complying with specified conditions.
• The proposal now awaits the final administrative process before implementation and is expected to reduce legal uncertainties faced by affected property owners.Read more

10 Jul 2026

Chandigarh Power Distribution Limited (CPDL) has advised residential and commercial electricity consumers to review their sanctioned electricity load and increase it if their actual power consumption has risen. The utility said the growing use of appliances such as air conditioners, electric vehicle chargers and induction cooktops has widened the gap between sanctioned and actual load for many consumers. It warned that exceeding the approved load may lead to penalty charges under existing regulations, while also affecting electrical safety and placing additional pressure on the city's power distribution network.Read more