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

PM to inaugurate four redeveloped railway stations in Punjab on 17 July

16 Jul 2026

Prime Minister Narendra Modi is scheduled to inaugurate four redeveloped railway stations in Punjab under the Amrit Bharat Station Scheme on 17 July. According to Punjab BJP president Kewal Singh Dhillon, the Prime Minister will inaugurate the upgraded Jalandhar Cantonment Railway Station in person and virtually dedicate the redeveloped stations at S.A.S. Nagar (Mohali), Sri Muktsar Sahib and Sri Anandpur Sahib. The station redevelopment programme has introduced upgraded passenger facilities, improved accessibility, modern concourses and enhanced commuter amenities while retaining the local architectural character of each station. The initiative forms part of the Centre's broader programme to modernise railway infrastructure and improve transport connectivity across the country.Read more

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Supreme Court upholds CRZ clearance for Mannat renovation

16 Jul 2026

The Supreme Court has dismissed a petition challenging the Coastal Regulation Zone (CRZ) clearance granted for the renovation and expansion of actor Shah Rukh Khan's sea-facing residence, Mannat, in Mumbai's Bandra. The apex court declined to interfere with an earlier order of the National Green Tribunal (NGT), which had upheld the approval granted by the Maharashtra Coastal Zone Management Authority (MCZMA). The petition had questioned the legality of the environmental clearance for the addition of two floors to the property. With the Supreme Court refusing to entertain the appeal, the renovation and expansion project can proceed in accordance with the statutory approvals already granted.Read more

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BMC demolishes illegal school building in Govandi in first of its kind action

Mumbai News Desk

16 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has demolished an unauthorised school building in Govandi, marking the civic body's first demolition of an illegally constructed educational institution in Mumbai.
• The action followed complaints and inspections that found the school building had been constructed without mandatory civic permissions and in violation of development regulations.
• Civic officials carried out the demolition with police protection after issuing statutory notices and completing the legal process, while ensuring that students were not present during the operation.
• The BMC said the move reflects its stricter stance against illegal constructions, irrespective of the nature of the establishment, and warned that similar action would be taken against other unauthorised structures.
Read more

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Ladakh to expand autonomous hill councils to all seven districts

16 Jul 2026

The Ladakh administration has announced plans to establish Autonomous Hill Development Councils (AHDCs) in all seven districts of the Union Territory, extending the decentralised governance model beyond Leh and Kargil. The move follows the creation of five new districts earlier this year and is intended to strengthen local governance, improve administrative efficiency and enhance public participation in development planning. Officials said legislative amendments, constituency delimitation and other preparatory steps will be undertaken before the new councils are constituted, while discussions are also underway on a broader institutional framework for the Union Territory.Read more

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Mumbai Coastal Road tunnel temporarily shut following vehicle fire

16 Jul 2026

• A car caught fire inside the northbound tunnel of Mumbai's Coastal Road, prompting authorities to temporarily close the tunnel and divert traffic.
• The occupants of the vehicle escaped safely, and no injuries or casualties were reported.
• Firefighters responded quickly and brought the blaze under control before it spread to other vehicles or tunnel infrastructure.
• The incident caused traffic congestion along nearby stretches before normal movement was restored after emergency operations were completed.
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Only 11 of 136 high-rise project sites cleared after Kolkata construction safety audit

16 Jul 2026

A government-appointed audit committee has permitted construction to resume at only 11 of 136 high-rise project sites surveyed across Kolkata and adjoining urban areas following a comprehensive safety review. The inspections were ordered after the Taratala warehouse collapse, which prompted the West Bengal government to temporarily suspend work on major construction projects. The audit examined structural stability, approved building plans, construction quality, geotechnical conditions and regulatory compliance. Projects that failed to meet the prescribed standards must rectify deficiencies before receiving permission to restart work, reflecting the state's renewed emphasis on construction safety and regulatory oversight.Read more

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Antony Waste announces INR 25 lakh compensation for each family after Pune landfill tragedy

Pune News Desk

16 Jul 2026

Antony Waste Handling Cell has announced financial assistance of INR 25 lakh for each family that lost a member in the landfill collapse at its Moshi waste processing facility near Pune. The incident, triggered by heavy rainfall, claimed nine lives and prompted investigations into safety and operational practices. The company has pledged full cooperation with authorities and support for the affected families. The tragedy has renewed concerns over landfill safety, disaster preparedness and waste management infrastructure during the monsoon.Read more

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Supreme Court freezes Parsvnath Developers' bank accounts over non-compliance in homebuyer dispute

16 Jul 2026

The Supreme Court has ordered the immediate freezing of the bank accounts of Parsvnath Developers Ltd, Parsvnath Hessa Developers Pvt Ltd and their directors while issuing bailable warrants against the company's leadership in a long-running homebuyer dispute linked to the Parsvnath Exotica project in Gurugram. The court acted after observing prolonged non-compliance with orders issued by the Haryana Real Estate Regulatory Authority (HRERA) and raised concerns over the effectiveness of the Real Estate (Regulation and Development) Act, 2016, in securing relief for homebuyers. The matter involves senior citizens who booked flats nearly two decades ago but are yet to receive possession despite paying the full consideration. The apex court also criticised Haryana authorities for failing to enforce regulatory orders and directed state officials and banks to ensure immediate compliance with its directions.Read more

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Karnataka RERA imposes INR 1.5 crore penalty on builders over disclosure violations

16 Jul 2026

• The Karnataka Real Estate Regulatory Authority (K-RERA) has imposed penalties totalling INR 1.5 crore on more than 70 real estate developers for failing to comply with mandatory disclosure requirements under the Real Estate (Regulation and Development) Act (RERA).
• The action follows developers' failure to upload quarterly progress reports (QPRs) and annual audit reports, which are mandatory for keeping homebuyers informed about project status, financial progress and regulatory compliance.
• K-RERA has recovered the penalty amount as part of a broader enforcement drive to improve transparency, strengthen compliance and ensure that developers regularly update project information on the regulator's portal.
• The regulator has indicated that it will continue strict monitoring of project disclosures and initiate action against promoters who fail to meet reporting obligations under the RERA framework.
Read more

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NGT directs Ghaziabad administration to stop illegal construction in Sai Upvan city forest

16 Jul 2026

The National Green Tribunal (NGT) has directed the Ghaziabad District Magistrate to ensure that no illegal construction takes place in Sai Upvan, the city's 200-acre urban forest, while hearing a case on its deteriorating environmental condition. The tribunal issued an interim order after allegations of unauthorised construction and ecological degradation were raised. Authorities have been instructed to maintain the status quo until the next hearing, reinforcing judicial scrutiny over urban green spaces and environmental conservation.Read more

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