27 Mar 2026

Telangana is advancing its Indiramma housing programme with over 1.12 lakh homes expected to be completed and handed over by the end of March, and an additional one lakh units projected for completion by June. The first phase had sanctioned 4.5 lakh houses across the state, including 12,000 units for tribal communities under ITDA areas. The government plans a second phase in April and will fund incomplete houses from the previous administration. Local committees chaired by Sarpanchs will identify beneficiaries, ensuring transparent allocation. GHMC and other towns have designated sites for construction, with an estimated INR 22,500 crore expenditure.Read more

27 Mar 2026

Himachal Pradesh is facing financial pressure as its borrowing has reached record levels, with INR 41,173 crore raised in FY 2025-26 while INR 32,004 crore was repaid. The state's total debt is steadily increasing and is expected to cross INR 1.12 lakh crore in FY 2026-27. A shrinking tax base, rising interest payments, and the discontinuation of Revenue Deficit Grants are adding to the strain. With nearly 80 percent of the budget tied up in committed expenses, limited funds remain for development and capital projects.Read more

27 Mar 2026

DBS Bank India has introduced a direct tax payment facility after receiving approval from the Central Board of Direct Taxes, allowing customers to pay various taxes through the TIN 2.0 platform. This expands the bank's digital offerings beyond GST payments and supports easier compliance with fewer errors. In a separate development, Utkarsh Small Finance Bank has partnered with the Mumbai Indians as its official banking partner for the T20 League 2026, aiming to increase brand visibility and customer engagement through marketing initiatives during the cricket season.Read more

27 Mar 2026

The Haryana Cabinet, chaired by Nayab Singh Saini, has approved an amendment to the Affordable Housing Policy-2013, increasing allotment rates for affordable group housing projects by 10-12%The revision comes in response to rising project costs, including land, construction materials, and labour. Under the updated framework, per sq ft carpet area rates have been revised across cities such as Gurugram, Faridabad and Sohna. The policy also clarifies adjustments for ongoing applications and introduces provisions for mixed land use development across the state.Read more

27 Mar 2026

Infrastructure Investment Trusts (InvITs) are becoming an important funding route for infrastructure projects in India by linking operational assets with capital markets. Introduced in 2014, they help developers and government agencies monetise completed assets and reinvest funds into new projects. With rising participation from institutional investors and expansion into sectors like renewable energy, logistics, and digital infrastructure, InvITs are gaining wider acceptance. Strong regulatory norms, stable cash flows, and government support through asset monetisation plans are further improving their role in addressing long-term infrastructure financing needs.Read more

27 Mar 2026

Indian Railway Finance Corporation (IRFC) has signed a refinancing agreement with Hindustan Urvarak and Rasayan Limited (HURL) for up to INR 12,842 crore. The deal aims to restructure HURL's existing debt into a more sustainable repayment plan aligned with its cash flows. This is expected to ease financial pressure and improve long-term stability. The move also highlights IRFC's strategy to expand beyond railway financing into linked infrastructure sectors. HURL's fertiliser plants, which are connected to rail logistics, continue to play an important role in domestic urea production.Read more

Indore News Desk

27 Mar 2026

A proposed revision in collector guideline rates in Indore has triggered significant opposition, with over 500 objections submitted by residents, developers and legal experts. The revision, approved by the district evaluation committee, proposes rate increases ranging from 10 per cent to 200 per cent across more than 2,600 locations. Key concerns include a blanket 100 per cent hike for land near bypasses and ring roads, valuation issues for older apartment buildings and potential impact on land acquisition in peri-urban areas. Authorities have begun reviewing objections before forwarding the proposal to the state-level committee in Bhopal for final approval.Read more

26 Mar 2026

The Nagpur Municipal Corporation (NMC) is facing challenges in recovering over INR 145 crore in unpaid property tax from central and state government departments, impacting its revenue targets for the current financial year. The dues relate to around 358 government-owned properties, with state entities accounting for the majority share. Despite issuing notices and initiating follow-ups, recovery has remained slow, with only a limited portion collected so far. The shortfall comes at a time when the civic body has already revised its annual tax collection target downward. The situation has prompted the administration to consider measures such as a potential property tax increase, highlighting fiscal pressures on urban local bodies dependent on property tax revenues for infrastructure and service delivery.Read more

Mumbai News Desk

26 Mar 2026

The Brihanmumbai Municipal Corporation has received only one bid for its INR 980 crore Deonar abattoir modernisation project despite extending deadlines multiple times. The initiative aims to upgrade the existing slaughterhouse into a modern, hygienic facility under a structured development plan that includes public-private participation for specific animal processing units. The limited participation has led the civic body to review the technical suitability of the bid before moving ahead. The situation also highlights challenges in attracting bidders for large-scale urban infrastructure and redevelopment projects in Mumbai.Read more

26 Mar 2026

Raajmarg Infra Investment Trust, sponsored by the National Highways Authority of India, saw its units list with a gain of around 7-8 per cent on its trading debut earlier this week. The units opened above the issue price on both major stock exchanges, reflecting positive investor sentiment. The trust had recently completed a Rs 6,000 crore initial public offering, which received strong subscription of over 13 times during the offer period held over a three-day window. Its initial portfolio includes five toll road assets across multiple states operating under a concession-based toll-operate-transfer model.Read more