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

Madhya Pradesh: Prime Minister Modi lays the foundation for Ken-Betwa river linking project

Prime Minister Narendra Modi recently inaugurated the much-anticipated Ken-Betwa river linking project, aiming to transfer excess water from Madhya Pradesh's Ken River to Uttar Pradesh's Betwa, benefiting millions in the Bundelkhand region. The project, costing an estimated INR 44,605 crore, will provide drinking water to over 6 million people across two states and irrigate 1 million hectares of farmland. Additionally, it will generate 103MW of hydropower and 27MW of solar energy.Read more

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Terminal Investment Ltd to invest INR 20,000 crore in Vadhvan Port, Maharashtra

Switzerland-based Terminal Investment Ltd (TIL) will invest INR 20,000 crore in developing Maharashtra's Vadhvan port, in collaboration with the Jawaharlal Nehru Port Authority (JNPA). A special purpose vehicle, Vadhvan Port Project Ltd (VPPL), jointly owned by JNPA (74%) and Maharashtra Maritime Board (26%), has been established for the project. Strategically located on the Arabian Sea, the port will enhance cargo efficiency, reduce logistics costs, and accommodate larger vessels. The initiative includes a skilling program for local youth and aligns with India's Sagarmala Project, emphasizing innovation, sustainability, and economic growth in the maritime sector.Read more

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Gorakhpur Municipal Corporation clears 1.55 acres of encroachments to beautify Khariya Pokhara

The Gorakhpur Municipal Corporation (GMC) launched an anti-encroachment drive on 18th December, removing unauthorized structures on 1.55 acres of land around Khariya Pokhara. Despite public protests, the operation cleared permanent structures and boundary walls, paving the way for a planned beautification project. Officials cited a 1998 ruling confirming the land as part of the pond and dismissed fraudulent ownership claims. Future plans include parks and recreational spaces to enhance the area�s appeal. While the initiative garners mixed reactions, the GMC aims to balance redevelopment efforts with community engagement.Read more

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Mumbai: BMC introduces strict guidelines to curb air pollution from construction and road dust

The Brihanmumbai Municipal Corporation (BMC) has introduced stringent guidelines to combat air pollution in Mumbai, targeting emissions from construction activities and road dust. Key measures include banning wood as cooking fuel, prohibiting bonfires at construction sites, and deploying vigilance teams to enforce compliance. The Solid Waste Management Department will oversee dust control at construction sites, while engineers and supervisors are mandated to adhere to strict protocols. Building on earlier initiatives, the BMC�s action plan emphasises public awareness and collaboration to address urban pollution. These efforts aim to create a cleaner, sustainable environment, balancing the city�s development with public health priorities.Read more

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World Bank approves USD 800 million loan for Amaravati city development in Andhra Pradesh

The World Bank has approved a USD 800 million loan to develop Amaravati, an ambitious new city in Andhra Pradesh, India. The funding will support the creation of a climate-resilient, well-managed urban growth center. Amaravati, expected to be part of a broader metropolitan region with Vijayawada and Guntur, will be designed to accommodate 3.5 million people by 2050. The project is set to attract significant private-sector investment and will focus on building sustainable infrastructure, including roads, public transport, and flood-mitigation systems. The World Bank is also working with the Asian Development Bank to finance the city's initial phase.Read more

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NGT orders inspection of alleged unauthorised construction at Okhla Bird Sanctuary

The National Green Tribunal (NGT) has directed the Union Ministry of Environment, Forest and Climate Change (MoEFCC) to inspect Noida's Okhla Bird Sanctuary for unauthorised construction following a petition alleging illegal activities, including permanent structures by the divisional forest officer. While NOIDA confirmed that a dismantled road project was discontinued, the tribunal ordered a detailed investigation to verify any ongoing violations. The MoEFCC representative must submit a report within eight weeks. This directive underscores the NGT's commitment to preserving ecologically sensitive areas like the sanctuary, a critical habitat for migratory birds, ensuring accountability and strict adherence to environmental protections.Read more

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Indore Development Authority sets 7-day deadline to clear hurdles on 9.4 km MR-12 road project

The Indore Development Authority (IDA) has fast-tracked the long-pending 9.4 km MR-12 road, crucial for connecting the Bypass to Ujjain Road. So far, only 3.5 km is complete, with 31 brick kilns obstructing progress. The district administration has issued a seven-day notice for their removal, rejecting a three-month extension request. Key features include a 100m-long bridge and a 700m railway over-bridge. Set to ease congestion and support the 2028 Simhastha festival, the project reflects the administration's push for better infrastructure while balancing livelihoods and timely execution. Completion is targeted for 2025.Read more

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Maharashtra government partners with ADB for Nagpur Metro phase II funding

The Maharashtra government has teamed up with the Asian Development Bank (ADB) to get INR 1,527 crore in finance for phase II of the Nagpur Metro project. Signed earlier this month, the deal aims to improve connectivity in Nagpur and the surrounding territories. The total funding for this phase is INR 3,586 crore, with contributions from ADB and the European Investment Bank. The project, which spans 43.8 kilometers across four routes, is intended to serve roughly one million citizens by promoting efficient transit and regional development.Read more

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Tripura allocates INR 27,000 crore for satellite towns and infrastructure

PNT Reporter

The Tripura government is establishing three satellite towns near Agartala, Dharmanagar, and Udaipur to manage urban growth and reduce population pressure on major towns. Chief Minister Manik Saha announced the initiative, with INR 27,000 crore allocated for infrastructure and public amenities. These towns aim to improve communication, education, healthcare, and sports facilities. Additionally, advancements in healthcare, including kidney transplants at Agartala Government Medical College, mark progress. Cross-border projects with Bangladesh face delays due to political unrest. This proactive approach aims to enhance living standards, ensuring sustainable urban development for Tripura's growing population.Read more

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Pune: Mhalunge-Maan town planning scheme set for revival in 2024

PNT Reporter

The Mhalunge-Maan town planning scheme in Pune is set for progress in 2024. Covering 250.5 hectares and benefiting 5,800 residents, the scheme aims to develop a sustainable urban space with planned infrastructure and land use. Aligned with PMRDA's broader urban growth plans, the scheme supports the proposed 128-km inner ring road and adopts a land redistribution model inspired by Gujarat. Residents will receive 50% of developed land, with an arbitrator overseeing allocations. Alongside five other town planning initiatives spanning 751.55 hectares, the project seeks to enhance connectivity, attract investments, and improve living standards, marking a key milestone in Pune's urban development.Read more

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