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Karnataka: Bhoomi server hangs repeatedly; public fume, officials frustrated

Bengaluru The work at the offices of various state government offices, including those of the sub-registrar, tahsildar and the Common Service Centres (CSCs) is being held up owing to a recurring problem with the server of 'Bhoomi', the online portal launched by the Karnataka government to compile all land records on an integrated database is ironic given the central government's push for digital...

No capital infusion by Punjab National Bank in housing finance subsidiary

Punjab National Bank (PNB) will not participate in capital raise plans of its housing finance subsidiary, PNB Housing Finance, but the company will continue to scout for raising equity from other sources, according to a regulatory filing. In August last year, PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential...

Cement demand improves, but prices remain muted: MOFSL

Cement demand improves, but pricing remains muted, said Motilal Oswal Financial Services (MOFSL) in a report. "Our channel checks indicate the seasonal uptick in demand is playing out, with volumes bouncing back strongly from the weakness seen in the first few weeks of January," the report said. The report cited that prices have improved 1-2 percent on a MoM basis in North and West India, while the...

Khadki cantonment board releases new land use plan, seeks feedback

Pune The Khadki Cantonment Board has released a new land use plan marking residential, market, bungalow, military and institutional zones and invited suggestions and objections, if any, from public. The new Land Use Plan (LUP) will enable the administration to keep a tab on unauthorized use of plots marked for specific purposes. Pramod Kumar Singh, the Khadki Cantonment Board (KCB)'s CEO, said, "We have...

Work on Nagpur Metro phase II to begin in mid-2021

Nagpur MahaMetro plans to start work on Nagpur Metro phase II in June or July, well before the completion of phase I, which is scheduled in December. Allocation for phase II has been made in the Union Budget for 2021-22 even though it has not been cleared by the cabinet yet. A MahaMetro official said that getting cabinet approval was just a formality. "Union Ministry of Housing and Urban Affairs (MoHUA)...

Punjab approves implementation of ‘Mission Lal Lakir’ in all villages

Chandigarh The Punjab Cabinet, in a meeting chaired by Chief Minister Amarinder Singh on February 19, approved the implementation of Mission Lal Lakir in all the villages across the state. "The state government has taken the decision to facilitate villagers to monetise property rights and to avail of various benefits provided by the government departments and banks," said a press statement from the...

Greater Noida gets its first plant to treat construction & demolition waste

Delhi/NCR To recycle construction waste, the Greater Noida authority has launched a Construction and Demolition (C&D) waste processing plant in Ecotech 3 recently. The authority will also set up a waste remediation site at Lakhnawali village. Though Noida had taken steps to recycle and reuse construction debris, Greater Noida didn't have such facilities before. The GNIDA has earmarked 4.5 acres...

IRSDC invites bids for property lease under Chandigarh railway station revamp project

Chandigarh Indian Railway Stations Development Corporation Ltd. (IRSDC) has invited Request for Proposal (RFP) for leasing vacant land parcels for mixed-use development as part of the Chandigarh Railway Station redevelopment project on February 20. Accordingly, bids have been invited from interested entities for a mixed-use development of land parcels on a lease rights basis up to 99 years. Bidders can...

Government may look at AMC or ARC model for asset monetisation programme

The government may consider asset management and asset reconstruction company model to monetise non-core assets of Public Sector Enterprises (PSEs). AMC and ARC or a bad bank has been proposed for the banking sector in Budget 2021-22 to acquire, manage and turnaround bad loans. The budget also talked about asset monetisation to unlock the true value of the assets lying with the government entities. The...

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