Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Infrastructure News

Mumbai: BMC lifts construction ban in Byculla and Borivali as AQI improves

The Brihanmumbai Municipal Corporation (BMC) has lifted the construction ban in Byculla and Borivali (East) following an improvement in the areas' Air Quality Index (AQI). Initially imposed in December due to AQI levels exceeding 200, the restrictions were aimed at reducing pollution from construction activities. BMC Commissioner Bhushan Gagrani emphasized the importance of dust control measures, warning that projects contributing to air pollution will face renewed bans and penalties. As Mumbai continues its urban development, the BMC's balanced approach highlights the importance of sustainable construction practices to safeguard residents' health while supporting the city's growth.Read more

cover photo

Gujarat CM allocates INR 1,000.86 crore in a day for urban development across 17 municipalities

Gujarat Chief Minister Bhupendra Patel approved INR 1,000.86 crore in a single day to bolster urban infrastructure in 17 municipalities under the Swarnim Jayanti Mukhyamantri Shaheri Vikas Yojana. This initiative, extended until 2026-27, funds projects in seven Municipal Corporations and multiple smaller municipalities, focusing on road repairs, sewerage, water pipelines, and urban beautification. Notable allocations include INR 54.88 crore for Bhavnagar, INR 47.53 crore for Jamnagar, and INR 25 crore for Junagadh. Outgrowth areas received INR 148.11 crore for essential infrastructure. Since its launch in 2010, the scheme has invested INR 32,647 crore in over 67,360 projects, transforming Gujarat's urban landscape and setting benchmarks in sustainable urban development.Read more

cover photo

Vijayawada: Capital Region Development Authority invites bids for infrastructure tenders worth INR 2300 crore

The Capital Region Development Authority (CRDA) has launched tenders worth INR 2,300 crore to revitalize infrastructure in Vijayawada. Backed by the World Bank and ADB, projects include roads, drainage, sewage systems, and utility upgrades in Land Pooling Scheme (LPS) areas with INR 448.32 crore allocated to Nekkallu and Sakhamuru. Renovation of MLA and MLC quarters, budgeted at INR 434.32 crore, focuses on structural and utility repairs. Flood mitigation efforts get INR 470 crore, and smart infrastructure in Amaravati is set to cost INR 381.82 crore. Tenders close January 22, aiming for construction by February 1, signaling a transformative step for the capital city.Read more

cover photo

PM Modi inaugurates Jammu railway division, boosting connectivity in J&K

The inauguration of the Jammu railway division and the imminent launch of a direct train service between New Delhi and Srinagar herald a new chapter in connectivity for Jammu and Kashmir. Alongside railway advancements, the operationalisation of the Banihal bypass, part of a major highway four-laning project, aims to ease travel and bolster economic growth. Key infrastructure projects, such as the Udhampur-Srinagar-Baramulla Rail Link and other highway upgrades, underscore the government's commitment to regional development. These efforts are set to enhance trade, tourism, and employment opportunities, fostering sustainable growth across the region.Read more

cover photo

Ujjain to unveil its first IT park with plug-and-play facilities for startups and tech firms

Ujjain is set to establish its first Information Technology (IT) Park, developed as a plug-and-play facility for technology firms and startups. Spread over more than 2 hectares, the project, overseen by the Madhya Pradesh Industrial Development Corporation (MPIDC), involves an estimated investment of INR 48 crore and aims to create over 500 direct jobs and 1,000 indirect opportunities. Scheduled for completion by 2025, the IT Park will feature incubation centers, research facilities, and designated spaces for startups. MPIDC has already received enthusiastic proposals from investors and plans further expansions in the park's second phase.Read more

cover photo

Maharashtra adopts UID system for infrastructure projects to boost efficiency and transparency

Maharashtra Chief Minister Devendra Fadnavis recently announced the implementation of unique identity (UID) markers for infrastructure projects to enhance operational efficiency and transparency. Similar to the Aadhaar system, UIDs aim to eliminate redundancies, ensure budget discipline, and streamline project planning, addressing issues like cost overruns highlighted in a 2018 CAG report. Additionally, all project details will be integrated into platforms like the PM Gatishakti portal for better tracking. The government also plans to unify welfare programs on a single IT platform to resolve inefficiencies in benefit delivery. Complementing these reforms, the 'E-cabinet' initiative will digitize cabinet operations, underscoring Maharashtra's commitment to technology-driven governance for equitable growth and transparency.Read more

cover photo

Ranchi Municipal Corporation sets ambitious plans for cleaner, better roads in 2025

The Ranchi Municipal Corporation (RMC) has unveiled an ambitious urban redevelopment plan for 2025, focusing on improving roads, traffic flow, and public cleanliness. A comprehensive physical survey will categorize roads across 53 city wards into four conditions-"Good" to "Very Poor"-to prioritize repairs. Parks, monuments, and public spaces will receive upgrades, supported by cleanliness drives to enhance the city's appeal. To decongest roads, RMC will implement stricter measures against encroachments and traffic violations. Within three days, a report on roads, sidewalks, and drainage will be submitted for government approval. The initiative reflects RMC's commitment to creating a cleaner, more organized, and livable Ranchi.Read more

cover photo

Amaravati Capital Region: CRDA opens invitations for infrastructure tenders worth INR 1206 crore

The Andhra Pradesh Capital Region Development Authority (CRDA) has called for tenders for construction projects worth INR 1206 crore as part of the Greenfield Amaravati Capital project. The tenders focus on developing basic infrastructure such as roads, drainage, and water supply in specific zones of the capital region. Bids are due by January 21, with work expected to commence in February. The CRDA is also preparing additional tenders for major constructions, including key government buildings. The residential quarters for government officials, previously halted, are expected to be completed soon, marking a significant milestone.Read more

cover photo

India pledges INR 29 crore to develop Karainagar boatyard in Sri Lanka

India has committed INR 29 crore to the rehabilitation of the Karainagar Boatyard in Sri Lanka's Northern Province. The project, undertaken by the Cey-Nor Foundation Ltd under the Ministry of Fisheries, will involve civil works, installation of equipment, and services to revitalise the facility. The rehabilitated boatyard aims to enhance local fishermen's livelihoods, generate employment, and boost the fisheries sector. With a development assistance portfolio of over USD 5 billion, India has undertaken numerous people-focused projects in Sri Lanka, including housing, cultural, and infrastructure developments.Read more

cover photo

Kerala: Infopark Phase III expansion faces hurdles over land pooling rules

The development of Infopark Phase III in Kunnathunadu is facing delays due to unclear land pooling regulations. The Kerala government plans to acquire 300 acres under a pioneering scheme where landowners retain 60% of their land post-development, with its value expected to rise three to four times. Managed by the Greater Cochin Development Authority (GCDA), the project is critical as the existing Infopark campuses are fully occupied, with 120 companies awaiting space. Expected to attract INR 12,000 crore in investment and generate over 100,000 IT jobs, stakeholders urge swift resolution of regulatory ambiguities to maintain Kerala's competitive edge in the tech sector.Read more

cover photo