MMRDA secures Rs 31,673 cr loan from PFC to accelerate Mumbai's infrastructure
The Business Guardian|September 27, 2024
The Mumbai Metropolitan Region Development Authority (MMRDA) has successfully secured a loan of Rs 31,673.79 crores from the Power Finance Corporation (PFC).
MMRDA secures Rs 31,673 cr loan from PFC to accelerate Mumbai's infrastructure

According to MMRDA, this loan will fund nine key infrastructure projects that promise to transform the Mumbai Metropolitan Region's (MMR) transportation network, enhancing connectivity, boosting economic growth, and improving the overall quality of life for its citizens.

A formal agreement was signed on Wednesday between MMRDA and PFC, marking the financial closure of several critical infrastructure initiatives.

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The Business Guardian

Prohibitory order challenged in SC

NEW DELHI A plea has been moved in the Supreme Court challenging the Delhi Police Prohibitory Order banning assembly of five or more people from September 30 to October 5, saying that it will affect footfall during Dussehra and Navratri festivals.

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1 min  |
October 03, 2024
Police register rape case against man after woman's complaint in Safdarjung
The Business Guardian

Police register rape case against man after woman's complaint in Safdarjung

A case of alleged rape has been reported at the Safdarjung Enclave Police Station after a 55-year-old woman filed a complaint against a man named Sunil, aged 35.

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1 min  |
October 03, 2024
Sonam Wangchuk, others taken to Rajghat by police
The Business Guardian

Sonam Wangchuk, others taken to Rajghat by police

Wangchuk, who was leading 'Delhi Chalo Padyatra', had gone on an indefinite fast after he was detained by the Delhi Police on Monday.

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1 min  |
October 03, 2024
'What kind of dictatorship is this? Atish on prohibitory order during festivals
The Business Guardian

'What kind of dictatorship is this? Atish on prohibitory order during festivals

Atishi said that a lot of gatherings take place during the festive season, and imposing prohibitory orders at this time will hurt the religious sentiments of the people.

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2 minutos  |
October 03, 2024
Govt launches special discount on Motor Vehicle Tax
The Business Guardian

Govt launches special discount on Motor Vehicle Tax

The Delhi government, led by Atishi Singh, made a significant policy decision on Wednesday, October 2, 2024, announcing a special scheme that offers discounts on Motor Vehicle Tax.

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1 min  |
October 03, 2024
ALLAHABAD HIGH COURT: SECTION 3(3) OF INTEREST ACT, 1978 INTEREST PAYABLE ONLY ON PRINCIPAL SUM NOT ON INTEREST AWARDED BY COURT
The Business Guardian

ALLAHABAD HIGH COURT: SECTION 3(3) OF INTEREST ACT, 1978 INTEREST PAYABLE ONLY ON PRINCIPAL SUM NOT ON INTEREST AWARDED BY COURT

The court in the case observed that Section 34 of the CPC provided maximum interest as 12% per annum on the principal sum. Perusing Section 3(3) of the 1978 Act, the bench headed by Justice Chandra Kumar Rai in the case held that 'interest is payable on the principal sum and not on interest part of the award.'

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2 minutos  |
October 03, 2024
The Business Guardian

Supreme Court Agrees To Hear Challenge To Centre's Circular Treating OCIs As NRIs For Admissions

The Supreme Court in the case Aranav Bhargav Vs.The Baba Farid University Of Health Sciences, Faridkot Through Its Registrar observed and has agreed to consider the petition filed by an Overseas Citizen of India, OCI who has challenged government circular treating OCIs to be NRIs for the purposes of admissions in medical and engineering courses.

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2 minutos  |
October 03, 2024
Supreme Court Suggests: Better That State Transport Corporations Avail Third-Party Insurance
The Business Guardian

Supreme Court Suggests: Better That State Transport Corporations Avail Third-Party Insurance

The Supreme Court in the case Bajaj Allianz General Insurance Company Private Ltd vs Union of India, UOI & Ors observed and has suggested the State Governments that the State Public Transport Corporations avail third-party insurance coverage to ensure that victims of the accidents caused by the State buses get timely compensation as per the Motor Vehicles Act.

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1 min  |
October 03, 2024
Supreme Court Asks Special Court To Decide Bail Plea Of TMC's Kuntal Ghosh In 10 Days
The Business Guardian

Supreme Court Asks Special Court To Decide Bail Plea Of TMC's Kuntal Ghosh In 10 Days

The Supreme Court in the case Kuntal Gosh Versus Enforcement Directorate (Kolkata Zone) observed and has directed a West Bengal Special Court to hear and decide in 10 days Trinamool Congress youth leader Kuntal Ghosh's bail petition in a money laundering case arising out of the alleged cash-for-jobs scam in West Bengal.

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1 min  |
October 03, 2024
Supreme Court Seeks Personal Presence Of Telangana DGP In View Of 'Disconnect Between Prosecution
The Business Guardian

Supreme Court Seeks Personal Presence Of Telangana DGP In View Of 'Disconnect Between Prosecution

The Supreme Court in the case Vatti Janaiah vs. State Of Telangana observed and has expressed surprise over lack of communication between the prosecution and the counsel appearing for Telangana Government over the date of filling the chargesheets in a criminal cases.

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1 min  |
October 03, 2024