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

Chennai civic body intensifies action against property tax defaulters to improve revenue collections

Chennai News Desk

17 Jun 2026

The Greater Chennai Corporation (GCC) has stepped up efforts to recover pending property tax dues by targeting major defaulters and exploring measures to integrate tax arrears into the loan recovery process undertaken by banks and financial institutions. The move comes as the civic body seeks to strengthen revenue collections after falling short of its revised property tax target for FY 2025-26. Property tax remains one of GCC’s most important revenue sources, funding civic infrastructure and public services across the city. Officials are preparing lists of high-value defaulters, expanding digital collection mechanisms and pursuing institutional support to ensure that outstanding municipal dues are recovered more effectively. The initiative forms part of a broader strategy to improve tax compliance and strengthen Chennai’s municipal finances amid increasing expenditure requirements.Read more

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Haryana approves INR 912.7 crore power infrastructure package under RDSS

17 Jun 2026

Haryana has approved additional power infrastructure projects worth INR 912.70 crore under the Revamped Distribution Sector Scheme (RDSS), aimed at strengthening the state's electricity distribution network. The Distribution Reforms Committee, chaired by Chief Secretary Anurag Rastogi, cleared the proposal and recommended it for approval by the Power Finance Corporation and the Ministry of Power. The package includes loss-reduction works in Palwal and Nuh districts, the development and augmentation of power substations, and the deployment of advanced grid management systems. The approval comes as Haryana’s power distribution utilities report significant reductions in technical and commercial losses and improvements in billing and collection efficiency. The new projects are expected to enhance network reliability, increase transformation capacity and support electricity demand across residential, agricultural and industrial segments.Read more

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Maharashtra amends Land Revenue Code to validate past approvals on government land transactions

17 Jun 2026

The Maharashtra government has enacted the Maharashtra Land Revenue Code (Second Amendment) Act, 2026, introducing amendments to Section 37A of the Maharashtra Land Revenue Code, 1966. The legislation clarifies approval requirements for transactions involving government land and validates certain approvals granted before the enactment of the 2012 amendment. The move is aimed at removing legal ambiguities surrounding land transfers, redevelopment projects, utilisation of additional FSI, TDR transactions and changes in land use where government approvals had been issued under earlier administrative frameworks.Read more

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Prayagraj reviews 10 years of property notices, offers regularisation route under Master Plan 2031

17 Jun 2026

• The Prayagraj Development Authority (PDA) has launched a review of property notices issued over the last 10 years for violations of building bylaws, sanctioned maps and land-use norms.
• The exercise aims to identify properties that may now qualify for regularisation under the provisions of Master Plan 2031.
• Officials are scrutinising old records and pending cases to determine eligibility under the revised planning framework.
• The initiative is expected to provide relief to eligible property owners while helping bring more developments into the formal regulatory system.
• The move is part of broader urban planning reforms being implemented under Prayagraj's long-term development strategy.
Read more

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Indore cracks down on fire safety violations, seals eight commercial establishments

Indore News Desk

17 Jun 2026

• Indore district authorities sealed eight commercial establishments after inspections found major fire safety violations and non-compliance with mandatory norms.
• The action is part of an ongoing city-wide drive targeting commercial buildings that failed to install or maintain required fire protection systems.
• Several of the affected properties were found operating without adequate fire safety infrastructure, while some had non-functional or substandard equipment.
• The administration had previously issued notices and compliance deadlines to hundreds of commercial establishments across the city.
• Officials said inspections and enforcement measures will continue as authorities focus on improving fire preparedness and public safety in commercial buildings.
Read more

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NGT issues notice over proposed demolition waste centre near Gurugram housing societies

Gurugram News Desk

16 Jun 2026

• The National Green Tribunal (NGT) has taken up a petition challenging a proposed construction and demolition (C&D) waste processing facility in Gurugram.
• Residents have raised concerns over the site's proximity to residential societies, schools, and public infrastructure, citing potential environmental and health risks.
• The tribunal has issued notices to multiple government agencies and sought their responses on the matter.
• The case has reignited the debate over balancing urban waste management needs with sustainable land-use planning and community welfare.
Read more

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BMC identifies 1,124 signboards violating Marathi-first display rule in citywide inspection drive

Mumbai News Desk

16 Jun 2026

• BMC has identified 1,124 commercial establishments across Mumbai that are not complying with the Marathi-first signboard requirement during the first phase of a citywide inspection drive.
• The inspections covered more than 35,000 shops and establishments following directions to strengthen enforcement of Marathi signage regulations under the Shops and Establishments framework.
• Multiple media reports indicate that civic officials have issued notices to violators and are preparing further action against establishments that fail to comply within the stipulated timeframe.
Read more

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Maharashtra road safety council inactive for three years despite persistent accident fatalities across the state

16 Jun 2026

Maharashtra’s State Road Safety Council has not met for more than three years despite the state recording tens of thousands of road accidents and fatalities during the period. The statutory body, mandated to meet every six months, last convened in April 2023. Responsible for reviewing accident trends and coordinating safety measures across departments, the council’s prolonged inactivity has raised concerns over road safety governance and oversight in a state that continues to report one of the highest accident and fatality burdens in India.Read more

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Bombay HC sets six-week deadline for SEBI in Embassy REIT proceedings

Mumbai News Desk

16 Jun 2026

Embassy Group has challenged a writ petition linked to allegations surrounding certain transactions, describing the filing as a repetition of issues that have already been examined by regulators and judicial forums. The company stated that the matter remains under review by the Securities and Exchange Board of India (SEBI) and maintained that previous proceedings had addressed similar claims. The development has drawn attention across the real estate and infrastructure sectors, given Embassy’s significant presence in commercial property, business parks and infrastructure-linked assets.Read more

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Bombay High Court sets aside deemed conveyance granted to Andheri housing society

Mumbai News Desk

16 Jun 2026

The Bombay High Court has quashed a deemed conveyance granted to a cooperative housing society in Andheri, ruling that the competent authority under the Maharashtra Ownership Flats Act (MOFA) does not possess the power to review or alter its own final orders. The court held that a Deputy District Registrar exceeded statutory authority by revisiting and modifying an earlier conveyance order through a subsequent proceeding. The judgment reinforces the principle of legal finality in deemed conveyance matters and clarifies the limited powers available to authorities administering MOFA. Legal experts believe the ruling could influence future conveyance disputes by establishing clearer boundaries around administrative review powers in housing society and property ownership cases.Read more

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