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

NMMC removes part of unauthorised construction in Airoli following statutory notice

28 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) has undertaken demolition action against an unauthorised construction at A-270, Sector 2, Airoli, after the structure continued to be built despite a statutory notice issued under the Maharashtra Regional and Town Planning Act, 1966. The enforcement drive was carried out by the civic body's Encroachment Department under the directions of Municipal Commissioner Dr Kailas Shinde and the supervision of senior municipal officials. The action resulted in the partial removal of the unauthorised structure, with demolition teams, labourers, machinery and police personnel deployed for the operation. NMMC has stated that enforcement against unauthorised constructions within its jurisdiction will continue in the coming period.Read more

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NMMC Standing Committee approves civic infrastructure works across Vashi, Nerul, Belapur and Ghansoli

28 Jun 2026

The Standing Committee of the Navi Mumbai Municipal Corporation (NMMC) has approved a series of civic infrastructure projects covering parks, drainage systems, sewerage networks and sports infrastructure across multiple nodes of the city. The proposals, presented by Municipal Commissioner Dr Kailas Shinde and approved unanimously under the chairmanship of Standing Committee Chairman Ashok Bhauso Patil, include the redevelopment of two public parks in Vashi, sewerage upgrades in Nerul, repairs to the boundary wall at Rajiv Gandhi Sports Complex in CBD Belapur, and drainage and footpath works in Ghansoli. Collectively, the sanctioned projects are intended to improve public amenities, strengthen urban infrastructure and address long-standing civic issues affecting residents in several neighbourhoods.Read more

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Om Birla urges IIT alumni to contribute policy reforms at PanIIT book launch in New Delhi

28 Jun 2026

Lok Sabha Speaker Om Birla has called upon IIT alumni to play a greater role in shaping reforms across sectors and contribute practical solutions to challenges faced by citizens. Speaking at the launch of the book IIT: The Story of India’s Most Prestigious Educational Ecosystem and the inauguration of the PanIIT Book Club at IIT Delhi, Birla said the experience and expertise of IIT graduates should be leveraged by Parliamentary Standing Committees. The event, organised by Pan IIT Alumni India to mark 75 years of the IIT ecosystem, brought together more than 400 alumni, policymakers, entrepreneurs and industry leaders. Discussions focused on innovation, self-reliance, technology development and the role of IITs in supporting India's vision of becoming a developed nation by 2047.Read more

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NMMC to keep property tax collection centres open on weekends and public holidays until June 30

28 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) has announced that its property tax collection centres will remain operational on weekends and public holidays until June 30, 2026, enabling property owners to complete payments before a 2% late payment charge comes into effect from July 1. The special arrangement covers the civic body's headquarters, all eight ward offices and their affiliated tax collection centres, which will function between 10 am and 3 pm. Alongside physical payment facilities, NMMC has also urged taxpayers to utilise its digital payment platforms, including its website, mobile application, WhatsApp chatbot, QR code-enabled payments and UPI services, to ensure timely tax compliance and avoid additional financial liability.Read more

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Fire safety violations found at Hyderabad bar and PG hostel, legal action initiated

Hyderabad News Desk

27 Jun 2026

• The Telangana Fire Services Department has initiated legal action against Sky100 Kitchen and Bar in Madhapur and Venkateshwara Coliving & PG Hostel in Kondapur over alleged fire safety violations.
• Inspections found that both establishments failed to install mandatory firefighting equipment and did not comply with prescribed fire safety norms.
• Authorities have directed the managements to immediately address the deficiencies and ensure compliance with fire safety regulations.
• The action is part of a wider enforcement drive across Hyderabad following increased scrutiny of fire safety standards in commercial and residential buildings.
• Officials said inspections and monitoring will continue as the department focuses on improving safety preparedness in high-occupancy properties.
Read more

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NMMC disconnects water and sewer connections to C-1 dangerous building in Sanpada

27 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) has disconnected the water supply and sewerage connection to Amoli Co-operative Housing Society Ltd at Plot No. 28, Sector 30, Sanpada, after the building continued to be occupied despite being classified as a C-1 (highly dangerous and unfit for habitation) structure. The building had been declared unsafe during the 2019–20 structural assessment, and notices directing occupants to vacate had already been issued. The civic body stated that the action was taken in compliance with directions of the Bombay High Court to facilitate the evacuation of dangerous buildings. Electricity supply to the building will also be disconnected shortly as part of the ongoing enforcement process.Read more

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Navi Mumbai civic body launches special cleanliness drives and waste segregation awareness campaign

27 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has initiated a series of special cleanliness drives and public awareness campaigns across the city as part of preparations for Swachh Survekshan 2025-26. Scheduled between June 15 and June 30, 2026, the initiative covers railway stations, the Sion-Panvel Highway, slum settlements, village areas, lakes, creek fronts, public and community toilets, back lanes and other neglected locations. Alongside intensive cleaning activities, the civic body is promoting compliance with Solid Waste Management Rules, 2026, encouraging households to segregate waste into four categories and urging bulk waste generators, including housing societies and institutions, to process waste within their premises. The campaign is being implemented across all eight ward office jurisdictions through extensive public outreach and on-ground inspections.Read more

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Navi Mumbai Municipal Corporation activates monsoon emergency response as rainfall crosses 148 mm

27 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has intensified its monsoon preparedness measures following heavy rainfall across the city, with emergency response teams and control rooms operating round the clock. Between the morning of June 23 and the morning of June 24, the civic body recorded an average rainfall of 125.23 mm, with Belapur receiving the highest precipitation of 139.40 mm and Digha the lowest at 114.40 mm. Cumulative rainfall for the current monsoon season has reached 148.15 mm. The civic administration has deployed water pumping systems in low-lying areas, activated disaster management and fire response teams, and instructed field staff to ensure uninterrupted stormwater drainage and remove fallen tree branches. Residents have also been advised to use dedicated emergency helplines and avoid acting on unverified information.Read more

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West Bengal suspends commercial construction projects after fatal Kolkata warehouse collapse

26 Jun 2026

The West Bengal government has ordered a temporary halt to under-construction commercial projects across the Kolkata Municipal Corporation (KMC) area until July 31 following the collapse of an under-construction warehouse in Taratala that claimed multiple lives and left several workers injured. The suspension forms part of a wider safety review of projects approved under the previous administration, with authorities directing comprehensive audits of building plans, construction quality and regulatory compliance. The move comes amid concerns over structural safety standards in ongoing developments and is expected to impact commercial real estate activity across Kolkata in the near term. The government has indicated that projects will be allowed to resume only after undergoing scrutiny and meeting prescribed safety requirements.Read more

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BMC panel approves change in land reservation for Bandra plot despite objections from residents and activists

Mumbai News Desk

26 Jun 2026

• A Brihanmumbai Municipal Corporation (BMC) committee has approved a proposal to alter the reservation status of a prominent MHADA-owned plot near Bandra Reclamation.
• The land, previously reserved for recreational use including a playground, is proposed to be redesignated for an exhibition and convention-related facility.
• The move has triggered opposition from local residents, sports groups and civic activists who argue that Mumbai is already facing a shortage of open public spaces.
• The proposal will proceed through further planning and approval processes before any final development can take place on the site.
Read more

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