Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.
While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.
The average Indian worker must labour for an extraordinary 160 full working days to afford Apple's latest iPhone 17 Pro.
The family of former Prime Minister Manmohan Singh has approved the proposed site for his memorial at the Rashtriya Smriti Sthal in New Delhi. The memorial, measuring around 900 square metres, will be located adjacent to the memorial of former President Pranab Mukherjee. A trust will be set up to oversee the construction of the memorial, which will be funded by a government grant of Rs 25 lakh.
Modi pitched for revamping urban governance while linking it to the 'Digital India' mission and 'Swachh Bharat' campaign.
India's macroeconomic health is in a "relative goldilocks situation", and although the risk of higher landed oil prices, due to insurance cost surges and closure of choke points due to the brief Israel-Iran war, has receded, it is "too soon to sound the 'all clear' for the rest of the year", the Finance Ministry said on Friday.
Maharashtra Deputy Chief Minister Ajit Pawar acknowledged that some ministers are unhappy with the portfolios assigned to them in the new cabinet, which includes a high number of ministers. Pawar said that the work on pending projects will begin soon after the ministers take charge of their respective ministries. The budget session of the Maharashtra legislature will commence on March 3.
Home purchase affordability has improved in the first half of calendar year (CY) 2025, after the RBI reduced the repo rate by 100 basis points (bps), according to real estate consultancy Knight Frank India.
State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.
Is a sulking Eknath Shinde on the way out as Shiv Sena chief?
Among the cities that have fully implemented their projects are Agra, Varanasi, Madurai, Coimbatore, Udaipur, Pune, Surat, and Vadodara
With the summer approaching sooner than scheduled, Maharashtra, Telangana, Odisha, and West Bengal have already started experiencing heat waves with temperatures soaring above 40°C.
'The testing and certification have been completed, and implementation could occur within a year, depending on the number of vehicles.'
'If in our cities, all urban bus transport services are free, then the taxpayers are paying for it, or if electricity were to be made free, that's a huge cost to the rest of the people'
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal Bandyopadhyay.
A foundation in the name of former Deputy Prime Minister Babu Jagjivan Ram and father of Lok Sabha Speaker Meira Kumar has been allotted a bungalow in the prime Lutyen's Delhi for 25 years.
The Pradhan Mantri Awas Yojana-Grameen has the highest unutilised amount (Rs 13,111 crore) compared to any other centrally sponsored scheme.
Urban ministry changes rule before public consultation by environment ministry
Observing an "unholy nexus" between the banks and developers to dupe homebuyers, the Supreme Court on Tuesday directed the CBI to register seven preliminary enquiries against builders in NCR, including Supertech Limited.
The Supreme Court on Wednesday deprecated the practice of announcing freebies prior to elections, and said people were not willing to work as they were getting free ration and money.
While data can empower communities, it reinforces identities, making local politics more caste-centric, with decisions increasingly contested on the grounds of representation.
Such dynamics could lead to shifting alliances and, in the worst case, local governance getting paralysed as each group demands proportional power-sharing, explain Amitabh Kundu and Mehebub Rahaman.
Can Congress keep Akbar Road HQ two yrs since notice?
The government on Monday earmarked a substantial amount to the Urban Development Ministry for spending on extension of Metro networks in Delhi, Bangalore and Chennai in the Budget 2011-12.
Among the new entrants to the Union cabinet, former Madhya Pradesh chief minister Shivraj Singh Chouhan has been given the agriculture and rural development portfolios, Bharatiya Janata Party president J P Nadda the health portfolio and former Haryana chief minister Manohar Lal Khattar the power portfolio.
With the completion of this third extension, Rajiv Gauba will become the longest serving cabinet secretary of the country. Till now, B D Pande had been the longest serving cabinet secretary from November 2, 1972, to March 31, 1977.
According to the list being finalised by the Central Public Works Department, about 10 politicians and senior bureaucrats, who have been found violating building norms in the LBZ, may get relief from the Urban Development Ministry. The ministry will grant the relief to VIPs like former Deputy Prime Minister and senior BJP leader L K Advani, Union Ministers Suresh Pachouri and Kumari Selja, former Governor of Maharashtra P C Alexander and IB Director P C Haldar.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
'Balancing tunnel developments with ecological realities is a major challenge and, when overlooked, can contribute to mishaps.'
Was it Uddhav's back-seat driving of Shinde's ministry Did Shinde feel slighted by Aaditya Thackeray's rapid ascent in the Shiv Sena? Was his spat with Sanjay Raut on Monday the last straw?
SmartCity project is in advanced stage.
The move comes after Union minister M Venkaiah Naidu on Monday resigned after he was chosen as the National Democratic Alliance's candidate for the vice presidential election.
The MVA government had planned to arrest Devendra Fadnavis and when he objected, they planned to arrest him as well, said Maharashtra Chief Minister Eknath Shinde
The Parliamentary Standing Committee on Urban Development has called top officials from the ministry to brief it on the role and performance of various agencies under it in implementing the Games-related projects.
The IOA president maintained the conference will serve as a platform where global expertise meets Indian innovation through discussion on urban transformation, technological advancements, sustainability and inclusive governance.
Of the 538 projects examined, 294 suffered from cost overruns, 303 from time overruns, and 166 projects suffered both time as well as cost overruns.
Kamal Nath on Thursday took over as Urban Development Minister with an ambitious plan of giving a boost to urban transportation for which he intends to expand Delhi Metro network to make it bigger than its London counterpart by 2017.
A post-retirement residence for President Pratibha Patil has been finalised in Pune by the government, after she had to give up an accommodation following a controversy.
Smart city projects to be launched in June, other housing schemes to follow.
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