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%

Law & Policy

Himachal Pradesh modifies RERA rules, transfers selection power to Chief Secretary

The Himachal Pradesh state assembly has passed the RERA Amendment Bill amid opposition protests and a walkout. The bill shifts the authority to select the RERA chairperson and members from a committee led by the High Court Chief Justice to one headed by the State Chief Secretary. The new panel will include the Housing Department Secretary and the Law Secretary, with provisions for another senior official to step in if needed. The amendment also replaces the five-year term with a fixed, non-renewable four-year tenure. Opposition leaders argued the change reduces judicial oversight and violates the spirit of the central RERA Act, while the government said it will improve efficiency and speed up appointments.Read more

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Fast-track courts and more NCLT benches recommended to ease India's insolvency delays

A parliamentary standing committee has advised the government to set up special fast-track courts and strengthen the National Company Law Tribunal (NCLT) structure to reduce the rising backlog of insolvency cases. With nearly 30,600 matters pending and the average resolution period stretching to 713 days, the committee believes additional benches and procedural changes are needed. It noted that quicker resolutions could help creditors recover INR 3-5 lakh crore by preventing value loss in stressed assets. The committee also proposed changes for homebuyers, SMEs, cross-border cases and the overall IBC process.Read more

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Telangana seeks HUDCO backing to accelerate metro expansion and Bharat Future City plans

Telangana's Chief Minister recently urged HUDCO to extend long-term loans at concessional rates to support a wide portfolio of state infrastructure initiatives. His request covered the expansion of the Hyderabad Metro, the development of the large-scale Bharat Future City, improvements to regional mobility through ring and radial roads, and the rollout of affordable housing under the Indiramma scheme. He also sought the restructuring of past high-interest borrowings. HUDCO's leadership reportedly responded positively, agreeing to expedite funds for an additional 10 lakh homes while reviewing older loans, signalling possible financial relief for Telangana's extensive urban ambitions.Read more

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ED orders provisional attachment of over five lakh sqm of prime Goa land worth INR 1,268.6 crore

The Enforcement Directorate (ED) has provisionally attached 19 immovable properties spread across Anjuna, Assagao and Ucassaim in North Goa, covering more than five lakh square metres and valued at about INR 1,268.6 crore. The action, undertaken earlier this week under the Prevention of Money Laundering Act (PMLA), follows ongoing investigations into an alleged land-grab network. Officials stated that forged allotment certificates, fabricated demarcation orders and falsified historical sale and gift deeds were used to mutate community and privately held land before transferring it through frontmen. Earlier actions by the ED had included freezing bank accounts and other assets worth INR 12.8 crore.Read more

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Tribunal clarifies CoC's sole authority to pick liquidator under IBC framework

The NCLAT has ruled that only a Committee of Creditors (CoC) can choose the liquidator in cases where the resolution professional (RP) does not consent to continue in that role. The tribunal set aside two NCLT orders that had directly appointed liquidators, stating that such appointments exceeded the NCLT's authority. Under the Insolvency and Bankruptcy Code, an RP becomes liquidator only with written consent; if not, the NCLT may replace the RP, but the CoC must propose the new liquidator. The ruling also overturns a 2023 regulatory circular restricting RPs from becoming liquidators, reaffirming that statutory provisions prevail and that creditors must have the final say.Read more

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Navi Mumbai speeds up anti-pollution drive with deep cleaning and fogger spraying

The Navi Mumbai Municipal Corporation has stepped up its air-pollution control efforts after instructions from Commissioner Dr. Kailas Shinde, launching intensive citywide cleaning to reduce dust levels. Construction sites, quarry areas and cement units are under strict monitoring, while roadside debris is being cleared and roads washed with treated water. Encap fogger vehicles are spraying atomised water along busy routes to help settle airborne particles. Deep-cleaning was carried out across Koparkhairane, Ghansoli, Turbhe, Rabale, Digha, Nerul and Belapur, with dust removed and transported for safe disposal. The drive reflects the administration's push to improve air quality through regular cleaning, mechanised washing and targeted dust-suppression measures.Read more

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Punjab RERA directs developer to hand over long-delayed SCO unit after decade-long wait

Punjab RERA has ordered a Mohali-based developer to hand over possession of a long-delayed SCO unit in Sunny Enclave after the buyers waited nearly a decade despite having paid the entire consideration and completing all formalities. The allottees, who booked the unit in the early 2010s and even registered the conveyance deed years ago, had been denied possession because the project remained unfinished and mandatory occupation-related approvals were never issued. Acting on the buyers' complaint, RERA directed the promoter to hand over possession within three months and pay interest for the prolonged delay.Read more

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Supreme Court refuses extension for Waqf property uploads on UMEED portal

The Supreme Court rejected requests to extend the deadline for uploading Waqf property data on the UMEED portal under the 2025 amendments. Petitioners highlighted that only 1.6?lakh out of over ten lakh properties have been uploaded and cited technical and operational challenges. The Court noted that Waqf Tribunals are empowered to grant six-month extensions under Section?3B and advised petitioners to seek relief there. With the six-month deadline ending December 6, Waqf authorities must act promptly to comply and approach Tribunals if needed.Read more

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NMMC steps up winter pollution drive as strict dust-control measures improve Navi Mumbai AQI

Navi Mumbai Municipal Corporation (NMMC) has continued its heightened pollution-control measures through the past week as air quality across cities deteriorated during the winter season. Acting under the directions of Municipal Commissioner Dr Kailas Shinde, the corporation has deployed dedicated teams to inspect construction sites, quarries, and RMC plants, ensuring adherence to pollution-control norms. Officials also conducted cleanliness drives at major sites, issued notices to 86 construction projects, and initiated strict dust-control procedures. The use of treated wastewater for road washing and fogging has helped conserve potable water while improving the city's AQI.Read more

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IIT-Kanpur launches MANAS air monitoring network to expand Mumbai's pollution tracking

IIT-Kanpur has launched MANAS, a city-wide air-quality network in Mumbai, adding 75 solar-powered mini monitoring units to the existing 30 sensors. Costing about INR 50,000 each, these units provide neighborhood-level data across the city's 650 km² area, replacing expensive traditional sensors. The expanded network enables granular pollution tracking, helping authorities design localized mitigation strategies. Eventually, the system will be open to the public, allowing residents to access real-time air-quality information, supporting transparency and better environmental awareness.Read more

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