Cities
Comptroller and Auditor General Shashi Kant Sharma said that the CAG will continue to audit private companies and Private Public Partnership (PPP) projects in cases where revenue sharing with the government is involved, Regretting that economic progress has thrown up a class of ‘rent seekers. He said while speaking at a conference on corporate fraud, [...] Continue Reading »
There are numerous trenches lying open across the city indicating a grim situation for the BMC before the rains set in moreover with barely seven days left to the official deadline to complete all road works. One out of every 5km of carriageways was dug up. And, the BMC doesn’t have exact data of how [...] Continue Reading »
Impacting the finances of banks and infrastructure developers, infrastructure development, which should have been funded by the corporate bond market, was done through banks. Krishnan said at a CII event on corporate bond market, “From the first three pillars, the corporate bond market will develop high-grade instruments, whereas the fourth pillar would provide stability to [...] Continue Reading »
DMRC is now planning to start making stations operational from Mukundpur instead. While earlier, the Mukundpur-Shiv Vihar corridor was set to open from the Shiv Vihar side. Mangu Singh, managing director, Delhi Metro Rail Corporation said, “The corridor will be opened in sections. Earlier, we had planned to start the corridor from Shiv Vihar since [...] Continue Reading »
Even as it adjourned beyond the summer vacations the hearing of petitions challenging it. The Bombay high court on Wednesday said a status quo would be maintained in respect of registration of unilateral deemed conveyance of land to Campa Cola societies. The outcome of the 2 cases related to deemed transportation will anyway not have [...] Continue Reading »
A national survey conducted by Liases Foras, a real estate research firm, revealed that Pune has grown more rapidly in property sales when compared with Mumbai Metropolitan Region (MMR) in the recent times. In the quarter ending April 30, 2014, Pune recorded a 22% rise in property sales when compared to the previous quarter. MMR, [...] Continue Reading »
The Maharashtra Housing Act 2012 was well received in the mainstream media ever since it was passed. It’s commendable that Maharashtra took this initiative, but what’s important to understand is that this Act has provisions that negatively impact home buyers and promote developers’ interests. What’s more, the State Act limits, and in many cases negates [...] Continue Reading »
National Highways Authority of India has blamed the Planning Commission for blocking its attempts to revive the virtually-stalled road sector and sought more powers to speed up project implementation, in a fresh spat. NHAI chairman R P Singh said in a recent letter to road transport and highway secretary Vijay Chhibber said “It’s high time [...] Continue Reading »
Once again knocking the doors of politicians after the Supreme Court ordered them to vacate their homes by May 31 are residents of buildings at the Campa Cola compound in central Mumbai. The Supreme Court declined to extend the deadline given to the residents last year, on Monday. The residents of seven buildings which are [...] Continue Reading »
The Public Works Department (PWD) has proposed to extend the Ashram flyover over the Maharani Bagh T-point till the point where the DND flyway meets the Ring Road in a move which could provide major relief to commuters travelling to Noida and East Delhi. The suggestion was submitted by the consultant hired by the PWD [...] Continue Reading »
