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The common man may think he is the most vulnerable in the corruption chain. But Mumbai’s construction industry-although one of the most powerful and influential lobbies around-is one of the worst affected by the cancer. The city’s builders are not exactly pillars of rectitude, but even those among them who do not deviate from rules [...] Continue Reading »
During construction of a building, the builder is supposed to get water supply, road and drainage No Objection Certificates (NOCs) from the corporation, stating that these basic amenities have been taken care of while constructing the building. After completion of a project, the builder also has to get an occupancy certificate from the concerned authority [...] Continue Reading »
Residents of Mayur Vihar took the message of renaming the road ‘Anna Hazare Marg’ to Ramlila Ground on Thursday where organisers announced this on the stage inviting loud cheer from the crowd.While naming of any street is solely the right of civic authorities, residents said that even if the Municipal Corporation of Delhi did not [...] Continue Reading »
Power tariff has been increased in 15 states in the past one year. In eight of those 15 states, the increase has been between 8 and 12%. Delhiites would have to pay more for power from now on. However, Resident Welfare Associations (RWA) have been opposing any hike alleging fudging of accounts and the figures [...] Continue Reading »
In July, the government revised property rates in and around Bangalore after four years. While the department’s bandwidth was an average 30 per cent, it crossed 100 per cent in some areas. Once the rates were notified, calling for objections/suggestions from people, the government felt there was a mismatch between the department’s revised rates and [...] Continue Reading »
ICICI Bank on Tuesday said its recently launched fixed-rate home loan scheme would not attract the higher provisioning mandated for teaser-rate housing loan products and the rates are “fixed” only for an initial period of one and two years. According to the bank, the fixed rates will “shield customers from frequent changes in home loan [...] Continue Reading »
3,800 houses were being allotted under economically weaker sections (EWS) housing scheme at the Sabarmati riverfront in Ahmedabad on Wednesday. After the allotments touts made their rounds at the centre specifically among those who had been allotted houses in Odhav area. They claimed to buy these houses for anything between Rs 3 and 5 lakh. [...] Continue Reading »
At Tungabhadra apartments in National Games Village, waste is not just segregated, egg shells are pounded to make nutrition supplement for plants, citrus peels are made into hand-made detergents by a women’s selfhelp group. The organic food waste becomes compost. “For dry waste, members of the selfhelp group segregate paper waste in 12 categories and [...] Continue Reading »
The Reserve Bank of India (RBI) had jacked up its key lending rate by a steep 425 basis points in the past 15 months to batten down inflation and the banks have passed on the increased cost to borrowers. Banks have been witnessing rising risks from small and medium scale industries and unsecured portfolios, which [...] Continue Reading »
The new development control (DC) rules-to allow developers to build 25% over the permissible Floor Space Index (FSI) in return for a 100% premium to be paid to the Brihanmumbai Municipal Corporation (BMC)-were passed unanimously by the civic body on Wednesday, the last day for filing objections and suggestions on the DC rulesnotified by the [...] Continue Reading »
