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

Migrant workers remain eligible for PMAY-Gramin housing benefits, Centre clarifies

16 Jun 2026

The Union government has clarified that migrant workers are eligible to receive housing assistance under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G), provided they meet the scheme's eligibility criteria and continue to be part of identified beneficiary households in rural areas. The clarification comes amid questions over whether migration for employment affects entitlement under the rural housing programme. Officials stated that temporary or seasonal migration does not automatically disqualify beneficiaries from receiving assistance under PMAY-G. The clarification is significant for millions of workers who migrate from rural areas to urban centres for employment while retaining family and residential links in their native villages. The government reiterated that beneficiary selection under PMAY-G is based on approved eligibility criteria and verified housing deprivation data, rather than migration status alone.Read more

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NCLT rejects insolvency plea against Noida Metro Rail Corporation over contractual dispute

16 Jun 2026

The National Company Law Tribunal (NCLT) has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation (NMRC), ruling that the matter involved genuine pre-existing disputes rather than a simple payment default. ETSL had claimed operational dues of around INR 7.09 crore under a bus operations agreement signed in 2016. However, NMRC argued that the company failed to meet contractual obligations and service standards. The tribunal found that multiple disputes over service quality, penalty deductions and contract performance existed before the insolvency notice was issued, making the case unsuitable for insolvency proceedings under the Insolvency and Bankruptcy Code.Read more

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Vijayawada launches QR door number system: every property to get a digital identity tag

16 Jun 2026

• Vijayawada Municipal Corporation has launched a QR code-based door numbering system for all properties in the city.
• Each building will receive a unique QR code linked to a central municipal database.
• The system will store ownership details, property tax records, and utility connection data.
• The initiative aims to improve transparency, simplify access to property information, and strengthen civic service delivery.
• It will also support better tax administration, faster address verification, and improved coordination between municipal departments.
Read more

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Jammu civic body deploys AI-based system for pothole detection and road repairs

16 Jun 2026

The Jammu Municipal Corporation (JMC) has operationalised an integrated road maintenance system that combines Artificial Intelligence (AI)-based road monitoring with mechanised pothole repair technology across Jammu city. Introduced in the past week ahead of the monsoon season, the initiative involves municipal vehicles equipped with AI-enabled cameras that continuously monitor roads, identify defects, geo-tag locations and generate digital reports for engineering teams. The identified defects are then repaired using a cold emulsion pothole patching machine commissioned by the civic body. According to officials, the system is designed to reduce the time taken between defect detection and repair while improving road safety and maintenance efficiency. Beyond potholes, the AI platform can also identify a range of civic issues including waterlogging, open manholes, illegal parking, encroachments and waste dumping, supporting broader urban management objectives.Read more

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Delhi plans mandatory fire safety norms for low-rise residential buildings

16 Jun 2026

The Delhi government is considering amendments to building bylaws that would make basic fire safety equipment mandatory in low-rise residential buildings, a category that currently falls outside compulsory fire certification requirements. The proposal follows a series of fatal fire incidents in the capital, including recent tragedies in Malviya Nagar, Vivek Vihar and Palam. Under the proposed framework, residential buildings below 15 metres in height may be required to install smoke detectors, fire extinguishers and other basic fire protection measures. The Delhi Fire Service has also recommended a phased retrofitting programme for existing buildings. If implemented, the move would significantly expand fire safety compliance across Delhi's residential stock, much of which is currently exempt from mandatory fire safety clearances under prevailing regulations.Read more

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Court upholds tenancy rights of woman occupant in Mumbai property dispute

16 Jun 2026

A Mumbai court has upheld the tenancy rights of a woman occupant in a long-running property dispute, ruling that her lawful occupation and tenancy status could not be extinguished through competing ownership claims. The judgment reaffirmed protections available to tenants under existing tenancy laws and clarified that tenancy rights survive changes in property ownership. The ruling is expected to have implications for similar disputes involving inherited tenancy claims, redevelopment projects and landlord-tenant conflicts across the city.Read more

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DDA warns architects and structural engineers of blacklisting for false submissions under Delhi's unified building bye-laws

15 Jun 2026

• The Delhi Development Authority issued a public notice on 10 June 2026 warning architects, supervisors, and structural engineers that submitting false information or misrepresenting facts in building permission applications will invite strict regulatory action under Clause 2.9.3 of the Unified Building Bye-Laws for Delhi–2016.
• Professionals found in violation face blacklisting, debarment, or any other action deemed appropriate by the Competent Authority under applicable laws and regulations.
• Property owners have been separately advised to engage only qualified and registered professionals and ensure full compliance with the Unified Building Bye-Laws for Delhi–2016.
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MCD plans lower regularisation charges to boost uptake of SWAGAM portal

15 Jun 2026

The Municipal Corporation of Delhi (MCD) is considering a reduction in regularisation charges for unauthorised constructions after receiving a limited response to the recently launched SWAGAM portal. Introduced to facilitate self-declaration and regularisation of building deviations, the portal has seen fewer applications than anticipated since its rollout. Civic officials are now evaluating revisions to the fee structure to encourage greater participation from property owners and improve compliance with building regulations. The proposal is part of MCD's broader effort to address unauthorised construction through a digital framework rather than relying solely on enforcement measures. Any reduction in charges is expected to benefit owners of residential and commercial properties seeking to regularise deviations and obtain approvals under the scheme.Read more

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SEBI plans new rules to keep stock prices uniform across all exchanges

15 Jun 2026

The Securities and Exchange Board of India (SEBI) has proposed a revised framework to harmonise the base price used for pre-open call auctions and price bands for stocks listed on multiple exchanges. The proposal aims to address price divergence observed in illiquid stocks when trading occurs on one exchange but not on another. Under the proposed mechanism, exchanges would use closing prices from actively traded venues to determine price bands and pre-open auction reference prices, ensuring greater consistency in stock pricing across trading platforms.Read more

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Juhu apartment fire injures eight, raises fresh concerns over residential building safety

15 Jun 2026

• Eight people were injured after a fire gutted a flat in a residential building in Juhu, Mumbai, prompting a large emergency response from fire and civic authorities.
• The blaze caused extensive damage to the affected apartment, while injured residents were shifted to hospital for treatment.
• Authorities have launched an investigation into the cause of the fire, with the incident renewing attention on fire safety preparedness and emergency response measures in residential buildings across Mumbai.
Read more

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