
Rain damages roads posing logistics challenge to Palda industrialists
Tired of too many ads? go ad free now
Palda, which is home to over 400 industries, is grappling with poor infrastructure, hindering the timely transportation of goods to industries, said industrialists.
Local industrialists said that deteriorating road conditions have led to deep potholes and hazardous driving scenarios, causing delays in movement of raw material and finished products.
Palda Industrial Association secretary Harish Nagar expressed frustration over the situation, saying, "Industries in Palda have significantly limited their transportation activities due to damaged roads, which are not being repaired since long.
We contribute approximately Rs 5 crore annually in property tax to the civic authority, yet basic infrastructure improvement remains unmet."
Industrialists added that poor condition of roads and drainage systems have been repeatedly brought to the attention of Indore Municipal Corporation and relevant departments, yet appropriate action has not been taken to address these critical infrastructure needs.
Another industrialist Komal Agrawal, who operates a dal mill in Palda said, "Damaged roads are not only affecting operational efficiency but also jeopardises the safety and integrity of goods in transit. Workers too are feeling the impact, as many find it increasingly difficult to reach their workplaces."
Industries claim the poor condition of roads is hampering day-to-day operations and attendance of employees.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
13 minutes ago
- Indian Express
Rs 50,000-cr worth GST compensation, Rs 8,000 cr under RDF pending: Punjab Finance Minister slams Centre
Punjab Finance Minister Harpal Cheema on Thursday hit out at the central government for not releasing Punjab's share of GST compensation worth Rs 50,000 crore besides withholding Rs 8,000 crore under the Rural Development Fund (RDF). Cheema made the remarks while talking to the media in Delhi as he went to attend the GST Group of Ministers (GoM) meeting. He said that GST had inflicted a Rs 1.11 lakh crore loss on Punjab, with the Centre releasing only Rs 60,000 crore so far, while over Rs 50,000 crore and an additional Rs 8,000 crore under the RDF remained withheld. Slamming the GST, the Punjab Finance Minister stressed that the state would not have suffered such massive revenue losses had it not joined the 'One Nation-One Tax' scheme and in fact it would have received much more revenue. With the compensation cess now scrapped, he called out the BJP government for deliberately wrecking state economies to make them beg before the Centre. 'We honoured the central government's decision (on GST) and stood with the country, but Punjab suffered for it. Along with Punjab, many other states also suffered.' 'On August 20–21, the GoM met continuously for two days. On Wednesday, the meeting was on life and health insurance. In the evening, a meeting was held on compensation cess. The Chairman told us that today the meeting was on rate rationalisation, and that all members of the compensation cess would participate. Therefore, we also participated in Thursday's meeting,' he said. 'GST was implemented in 2017. In the past eight years, there have been 27 amendments in GST, with exemptions given to different sectors. Fifteen times the GST rates of various goods were reduced. This practice has been continuing in the GST Council for the last eight years, and for the past three years I have been witnessing it myself.' Cheema also said that Prime Minister Narendra Modi earlier declared that there would be two GST slabs — one at 5 per cent and another at 12 per cent — and that 'everyone would celebrate Diwali'. 'But after the GST came, who will compensate for the loss suffered by Punjab and other states? Who will pay for this damage? One Nation, One Tax was the scheme of the central government, and all states including Punjab gave their consent. Everyone agreed that uniform tax rates should prevail across the country so that no state could impose higher or lower taxes on its citizens. But this formula has inflicted a huge loss on Punjab.' Emphasising on Punjab's loss, the Finance Minister said, 'In all three meetings of the GST Group of Ministers, I placed Punjab's position. So far, Punjab has lost Rs 1,11,045 crore. Out of this, the central government has given Rs 60,000 crore compensation, but still Rs 50,000 crore remains with the central government. Who will pay this money?' Cheema also said ever since the GST has been introduced, the BJP-led central government has kept making one amendment after another, but never reached a conclusion. 'Taxpayers of the country are being harassed continuously. The system of the country is being destroyed. Several states are continuously losing revenue due to the GST system. The central government has backed away from making up for this loss.' Detailing the latest discussions, Cheema said, 'In Thursday's meeting on compensation cess, the government said that the loans taken to pay states under compensation cess would be fully repaid by October. On harmful goods (sin goods), a special tax was imposed. The states suffering losses in its collection were being compensated. But now the report of the rate rationalisation committee shows that even the tax slab on sin goods is being reduced.' The Finance Minister also claimed that two days ago, another Rs 1,000 crore under the Prime Minister Road Scheme was also stopped. 'In this way, nearly Rs 60,000 crore is pending with the central government against Punjab. This includes the Rs 50,000-crore revenue loss (Punjab faced) after the (implementation of) GST. The central government must immediately release Rs 60,000 crore,' he concluded.


Time of India
29 minutes ago
- Time of India
Mindspace REIT raises another 550cr from IFC via SLBs
1 2 Hyderabad: Premium Grade-A office space owner and developer Mindspace Business Parks REIT, which has its largest footprint of 17 million sq ft in Hyderabad out of 38 million sq ft across four cities nationally, has raised an additional Rs 550 crore from the World Bank's private sector investment arm, International Finance Corporation (IFC), through sustainability-linked bonds (SLBs). This takes Mindspace REIT's total SLB issuance to Rs 1,200 crore after its initial Rs 650 crore SLB issuance to IFC in June 2024. The latest transaction marks the first SLB issuance by an Indian REIT under the new environment, social, and governance (ESG) framework introduced by the markets regulator Sebi through a circular dated June 5, 2025. The bond issue has a tenure of eight years and was assigned a credit rating of AAA (Stable) by credit rating agency ICRA. Ramesh Nair, MD and CEO of Mindspace REIT, said partnering with IFC gives the REIT global backing and will help drive energy efficiency, add more green-certified space, and build a future-ready portfolio. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Gold Rates Today in Hyderabad | Silver Rates Today in Hyderabad IFC's Regional Director for South Asia, Imad N Fakhoury, said the investment will accelerate the development of world-class office infrastructure that generates jobs, attracts global capability centres and top employers, and strengthens India's business environment. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.


Time of India
29 minutes ago
- Time of India
Execution of RRC: HC summons Bhopal collector in contempt case
Bhopal/Jabalpur: The MP high court has summoned Bhopal collector Kaushlendra Vikram Singh on August 25 in connection with a contempt petition filed over non-compliance of the court order to execute the revenue recovery certificate (RRC)for recovery of Rs 70 lakh from a builder issued by Real Estate Regulatory Authority (RERA). Bhanu Pratap Singh from Gwalior in his contempt petition said that he had filed a petition in RERA for recovery from a Bhopal-based builder. RERA decided the case in his favour and issued a RRC of Rs 70 lakh. The RRC was to be executed through collector Bhopal but he didn't execute the RRC. Then, he moved the MP high court seeking direction to collector Bhopal to execute the RRC. The high court disposed of his petition with a direction to collector Bhopal to execute the RRC for recovery of the amount from the builder. However, the RRC has not been executed yet, thus bringing him back to court with a contempt petition. Following initial hearing, the bench of Justice Vishal Mishra directed the Bhopal collector to appear in the court in person to explain the reason for his non-compliance of the court order. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.