SBI board approves up to Rs 20,000 crore bond issue under Basel III norms
SBI bond issue: State Bank of India has received board approval to raise up to Rs 20,000 crore via Basel III-compliant tier-II and additional tier-I bonds from domestic investors in FY26.
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India.com
a few seconds ago
- India.com
China, Pakistan rattled as India gets new airbase at 13,700 feet, designed for -40°C, will provide quick..., strategic capabilities...
New Delhi: Boosting India's national security and connectivity along the Line of Actual Control (LAC), the country's highest airfield located at Nyoma in eastern Ladakh will be fully ready for operation by October. According to sources, Nyoma is the closest Advanced Landing Ground (ALG) to the LAC, located at an altitude of about 13,700 feet. What is the length of the Nyoma runway? The Nyoma Advanced Landing Ground (ALG) area will be helpful in enhancing the quick movement and strategic capabilities of the defense forces. Nyoma ALG has a newly constructed three-kilometer-long runway, designed to help in emergency operations. The project was given the green signal in 2021 with a budget allocation of about Rs 214 crore. The height of the airstrip and its presence close to the Line of Actual Control (LAC) make the airstrip a strategic asset, allowing India to deploy resources faster than ever on its northern border. As the closest ALG to the LAC, Nyoma's position will be very important in the response scenario. This will give the Indian Air Force direct access to remote and mountainous border areas, where traditional ground transportation is often challenging. What is the strategic importance of Nyoma? The construction of Nyoma has been completed at a time when special attention is being paid to infrastructure on the India-China border. Since the standoff with China began on the Line of Actual Control four years ago, India has rapidly advanced its infrastructure projects in Ladakh and surrounding areas. Nyoma is a major breakthrough in this network, which connects with newly built roads, tunnels and bridges to enhance India's counter capabilities and logistics support in inaccessible areas. The importance of this airfield has increased even more after the recent military disengagement agreement between India and China in two disputed areas – Demchok and Depsang. Patrolling has resumed due to these disengagements, yet Nyoma's proximity to these areas shows its importance as a quick deployment base. The rapid infrastructure being built by India is a strong sign of its commitment to protect territorial integrity. Important for border security and surveillance India has carried forward these infrastructure projects under challenging circumstances, which reflects a decisive shift in its approach towards border security. The focus of the Government of India on strengthening connectivity, especially in areas like Ladakh, is important to meet both military and civilian needs. The development of high altitude ALGs like Nyoma not only ensures better operations, but also contributes to local connectivity, as well as supports civil aviation, which can also provide better facilities to the people. This strategic airfield at Nyoma is a milestone in India's goal of strengthening the Himalayan border infrastructure, equipping it to deal with potential threats and ensuring a secure border.
Time of India
8 minutes ago
- Time of India
No property tax notice for now, says Ghaziabad Municipal Corporation, councillors end protest
Ghaziabad: Following assurances from the municipal commissioner, the councillors have called off their sit-in protest over property tax issues. According to a GMC official, the auto-generated property tax bill, which is being sent to consumers at an inflated rate, will be stopped. "There have also been provisions made to offer a 20% rebate to consumers on property tax until Sept 30," he said. At the centre of the standoff between councillors and GMC officials were the minutes of the June 30 board meeting, which the officials had previously withheld. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Councillor Neeraj Goyal said, "Given the ongoing Kanwar Yatra, we called off the protest, and as per the understanding with the GMC official, we were assured by the municipal commissioner that on July 25, the minutes of the June 30 board meeting would be submitted to the Mayor." A case was filed in the Allahabad HC against GMC's decision to impose an increased property tax on May 22. Although the board has repealed the proposal, the matter is still pending in court. The increased property tax took effect on April 1. The property tax rates before April 1 were between Rs 0.32/sq foot on properties with less than 12m of road width, Rs 0.48 to Rs 2 for roads 12–24 metres wide, and Rs 0.65 to Rs 2.41 for wider roads. The revised rate is between Rs 0.75/sq foot to Rs 4/sq foot. In March this year, the board passed the proposal to link tax with the DM circle rate. GMC calculates tax based on the annual rental value (ARV) of a property.
Time of India
14 minutes ago
- Time of India
Sama resident gets Rs 7.81 lakh electricity bill shock
Vadodara: When he received his power bill message from the MGVCL on his phone, Nayan Patel, a resident of Sama, was shocked. His outstanding power bill amounted to Rs 7.81 lakh! Patel, who has the new smart meter installed at his residence, couldn't believe his eyes. "The last power bill I paid four months ago was Rs 1,721. In April, the smart meter was installed, following which we were yet to receive the bill. When I saw such a huge amount in the message, I panicked," Patel, who is into tax consultancy, told TOI. He logged in to the MGVCL website to check the bill amount, and there too it showed the same amount. "I called the MGVCL customer care helpline and registered my complaint. They said that they will check the details and asked me to submit a formal application. Later, I got a call from the Sama office of MGVCL, and I was assured that the power bill amount is much less. But I am yet to get an official message about the correct bill amount on my phone," Patel said. "When they were installing smart meters at our home, we raised this issue as such errors in billing were reported in other areas of the city in the past," Patel added.
