Latest news with #NEFT
Indian Express
5 days ago
- Indian Express
RWA, developer clash over safety audits, fees at Gurgaon housing complex where LKG student drowned in pool
Residents of a housing society in Gurgaon's Sector 37D have alleged that the builder has not conducted promised safety audits after the drowning of a five-year-old boy in a swimming pool last year. The BPTP Spacio Residents Welfare Association (RWA) also raised concerns over high maintenance fees and a lack of clear spending breakdowns, as well as inadequate infrastructure, including sewer connections. It said it has complained with various governmental bodies regarding financial improprieties against the builder BPTP. In response, BPTP's maintenance services wing, BPMS, denied the allegations, stating that safety measures are in place and that its fees are among the lowest in the area. It claimed that the current management of the clubhouse and pool falls under Godrej Living and said that all necessary reports have been shared with the RWA. 'The developer's attitude has been nothing but dictatorial,' said Surender Kumar Garg, 54, vice-president of BPTP Spacio RWA. Spacio is among the three BPTP residential projects in Gurgaon's Sector 37D with a common clubhouse in a 43-acre residential complex of 1,300 flats that also includes BPTP's Park Serene and Park Generations. LKG student Mevansh Singla drowned on July 24, 2024, in the main swimming pool in Park Serene in the presence of lifeguards. The main pool was fully reopened in late June for the first time after the incident, but the three RWAs alleged that the promised safety and security audit of the pool and clubhouse, which is part of it, never saw the light of day as it was not shared with them. 'Following the serious incident at the club premises in 2024, it was expected that BPTP would demonstrate accountability and prioritise resident safety. However, the events following the reopening reflect persistent governance lapses and a disregard for collaborative decision-making,' said Hemant Kumar, vice president of Park Serene RWA. 'Forget the audit report being communicated or even done, no formal documentation has been provided to confirm that structural and operational lapses in the pool from the previous year have been fully addressed,' said Satyaveer Sangwan, 37, a resident since 2018. The club has requested Rs 364 as reopening charges from each flat, Park Seren RWA president Sandeep Sharma, 64, said. 'Residents do not mind paying, but are angry about the general opacity. The omission about the pool/clubhouse audit poses ongoing risks and undermines confidence in BPTP's safety protocols,' the retired Air Force Group Captain said. The biggest grievance of the three RWAs is the alleged high common area maintenance fees charged, as well as the online collection system, which they claim does not allow partial payments and has a high convenience fee for digital modes, such as UPI and NEFT. 'It is redundant for specially outstation owners to pay by cheque for each month. The monthly fee of Rs 1,003, after including electricity and water charges, becomes around Rs 1,300,' Sangwan said. The charges continue to be applied without a clear cost breakdown and transparency regarding how revenues from commercial activities within the club—such as fitness classes, a coffee outlet, a restaurant, and the upcoming juice section—are being utilised or offset against resident dues, said Kumar. Further, the sewer and drainage connections have not been installed, and the electricity capacity is currently low, leading to frequent DG set usage, the residents alleged. 'They are just feasting on the delayed payments by collecting exorbitant interest,' Park Generations RWA president Ashwini Singh said. The residents said they have even written to the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Insolvency and Bankruptcy Board of India (IBBI), and the Union government, citing financial improprieties and violations of the Consumer Protection Act. BPMS managing director Shyam Sunder, when contacted, said that the club and swimming pool at 37D Serene are currently operated under the management of Godrej Living, but that they have been regularly sharing all necessary reports. 'Standard safety protocols have been reviewed and implemented in line with good industry practices. Operational responsibility, including safety audits, along with related documentation and disclosures, rests with Godrej Living,' said Sunder. The maintenance and club charges are determined and levied by Godrej Living as part of their management scope, he added. 'The CAM rate applicable for 37D Serene remains at Rs 3.56 per sq ft, which is one of the lowest rates in the vicinity compared to comparable residential communities. Further, BPMS books are audited by SN Dhawan & Co LLP (an affiliate of Mazars, a globally reputed audit and advisory firm). A CA certificate based on these audited books is shared annually. A detailed cost break-up has also been shared with the RWA multiple times to ensure transparency.' He called the claims civic and infrastructural inadequacies unfounded. 'Regarding the allegations of missing infrastructure like stormwater drainage and 33 KVA electrical systems, we categorically state that these systems were either completed or handed over as part of the original development scope. If there are any specific operational issues, we request the RWA to share details for resolution instead of making unfounded claims,' said Sunder. A BPMS official stated that the issues regarding payment collection and the app only pertain to the current RWA, as previous ones had requested a similar mechanism with minor modifications.
Time of India
5 days ago
- Time of India
Man duped in med equipment scam
Udupi: A man lost nearly Rs 1.8 lakh in an online medical equipment scam. Complainant Sadiq Abbu Haji,49, stated that an unknown individual began sending details of medical equipment to the complainant's WhatsApp number in Jan. However, on June 24, the complainant called the sender, who identified himself as the owner of a company in Delhi, claiming to deal in medical equipment. Trusting him, the complainant transferred Rs 80,000 via NEFT to purchase two CPAP machines. The individual sent the two machines as promised. Believing the sender to be genuine, the complainant again transferred Rs 1 lakh via NEFT on July 7 to purchase two upgraded CPAP machines. However, this time, the individual neither delivered the equipment nor refunded the money. Based on this, a case was registered at Udupi Town police station under Sections 318(4) of the BNS and 66(D) of the IT Act.
Time of India
16-07-2025
- Politics
- Time of India
Income tax department uncovers donation scam involving unrecognised political party in Chhatrapati Sambhajinagar
Chhatrapati Sambhajinagar: In ongoing searches carried out by the income tax department at more than 200 locations across the country for false deductions by political parties, the I-T teams in Chhatrapati Sambhajinagar unearthed a massive scam involving crores of rupees routed through an unrecognised political party under the guise of donations eligible for tax deductions under section 80GGC of the Income Tax Act, 1961. As part of the action, the IT teams conducted searches at five different locations in the city, including those belonging to a chartered accountant. "The party at the centre of this scam is Yuva Bharat Atmanirbhal Dal, formerly operating under the name Save Merit Save Nation, and registered in Chhatrapati Sambhajinagar. The discreet investigation carried out for the past several months revealed the party received hundreds of crores in donations directly into its bank accounts via RTGS, NEFT, and IMPS from a large number of individuals, primarily salaried taxpayers, who then claimed tax deductions under section 80GGC," said sources. Investigations revealed a large portion of these so-called donations were never retained by the party. Instead, the funds were systematically rotated back to the donors or their close associates. In many instances, the money was rerouted to the donor's family members, Hindu Undivided Family (HUF), or intermediary shell entities. The political party is believed to have kept a fixed percentage as commission for facilitating the circular transactions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The I-T department reportedly traced the entire chain of fund movement, and notices have already been issued to several donors across Maharashtra and other states. Adding to the gravity of the case, the party in question failed to file mandatory reports with the Election Commission and began receiving donations even before being officially registered under section 29A of the Representation of the People Act, 1951 — a legal requirement for any political entity to lawfully accept donations. The I-T department has issued advisory communications to all identified donors of Yuva Bharat Atmanirbhal Dal, urging them to file updated returns under section 139(8A) of the Income Tax Act. Failure to comply may attract strict penal consequences.
Economic Times
16-07-2025
- Business
- Economic Times
SBI, Kotak Bank scheduled maintenance: UPI, net banking, NEFT services to be temporarily unavailable on these days
ET Online Kotak and SBI Bank downtime Customers of State Bank of India (SBI) and Kotak Mahindra Bank should note that these banks have announced scheduled maintenance activities this week during which several key digital banking services will be temporarily unavailable. The affected services include Unified Payments Interface (UPI), Immediate Payment Service (IMPS), YONO, Retail Internet Banking (RINB), Automated Teller Machine (ATM) services, National Electronic Funds Transfer (NEFT), and Real-Time Gross Settlement (RTGS) will be temporarily unavailable from between 1 AM and 2 AM on July 16, 2025. However, during the said period, customers are advised to use UPI Lite. SBI revises FD interest rate on these fixed deposits: Check latest SBI FD interest rate According to SBI social media post, 'Due to scheduled maintenance activity, our services UPI, IMPS, YONO, RINB, ATM, NEFT and RTGS will be temporarily unavailable from 01:05 hrs to 02:10 hrs on 16.07.2025 (IST). These services will resume by 02:10 hrs on 16.07.2025 (IST).' What is UPI LITE? UPI LITE is a new payment solution to process low value transactions that have been set at below Rs is how to enable UPI LITEStep 1: To enable UPI LITE, user has to open his/her UPI AppStep 2: On the home screen of the App, the user will get the option to enable UPI LITE. Click on the optionStep 3: User reads and accepts the terms & conditionsStep 4: User enters the amount to add in UPI LITE and select the bank accountStep 5: User enters UPI PINUPI LITE will be enabled successfully! Kotak Mahindra Bank maintenance date and time Kotak Mahindra Bank will carry out maintenance on multiple dates, impacting various digital servicesThese services will not be available as per the details mentioned below. Date Services unavailable 17th July (Thursday) & 18th July (Friday) NEFT via Net banking & Mobile banking 12.00 am to 02.00 am 20th July (Sunday) & 21st July (Monday) Net banking, Mobile banking, UPI 12.00 am to 02.00 am 20th July (Sunday) & 21st July (Monday) Payment Gateway 12.00 am to 03.00 am Source- Bank mail N.R. Narayana Murthy Founder, Infosys Watch Now Harsh Mariwala Chairman & Founder, Marico Watch Now Adar Poonawalla CEO, Serum Institute of India Watch Now Ronnie Screwvala Chairperson & Co-founder, upGrad Watch Now Puneet Dalmia Managing Director, Dalmia Bharat group Watch Now Martin Schwenk Former President & CEO, Mercedes-Benz, Thailand Watch Now Nadir Godrej Managing Director, of Godrej Industries Watch Now Manu Jain Former- Global Vice President, Xiaomi Watch Now Nithin Kamath Founder, CEO, Zerodha Watch Now Anil Agarwal Executive Chairman, Vedanta Resources Watch Now Dr. Prathap C. Reddy Founder Chairman, Apollo Hospitals Watch Now Vikram Kirloskar Former Vice Chairman, Toyota Kirloskar Motor Watch Now Kiran Mazumdar Shaw Executive Chairperson, Biocon Limited Watch Now Shashi Kiran Shetty Chairman of Allcargo Logistics, ECU Worldwide and Gati Ltd Watch Now Samir K Modi Managing Director, Modi Enterprises Watch Now R Gopalakrishnan Former Director Tata Sons, Former Vice Chairman, HUL Watch Now Sanjiv Mehta Former Chairman / CEO, Hindustan Unilever Watch Now Dr Ajai Chowdhry Co-Founder, HCL, Chairman EPIC Foundation, Author, Just Aspire Watch Now Shiv Khera Author, Business Consultant, Motivational Speaker Watch Now Nakul Anand Executive Director, ITC Limited Watch Now RS Sodhi Former MD, Amul & President, Indian Dairy Association Watch Now Anil Rai Gupta Managing Director & Chairman, Havells Watch Now Zia Mody Co-Founder & Managing Partner, AZB & Partners Watch Now Arundhati Bhattacharya Chairperson & CEO, Salesforce India Watch Now
Time of India
12-07-2025
- Business
- Time of India
Saturday bank holiday: Are banks open or closed today on July 12, 2025?
Are banks open or closed today on July 12, 2025? Banking services which will be impacted Academy Empower your mind, elevate your skills Digital banking Bank holidays in July 2025 Following is a list of bank holidays in July 2025 Jul-25 3 5 14 16 17 19 28 Agartala • • Ahmedabad Aizawl Belapur Bengaluru Bhopal Bhubaneswar Chandigarh Chennai Dehradun • Gangtok • Guwahati Hyderabad Imphal Itanagar Jaipur Jammu • Kanpur Kochi Kohima Kolkata Lucknow Mumbai Nagpur New Delhi Panaji Patna Raipur Ranchi Shillong • • Shimla Srinagar • Thiruvananthapuram Vijayawada Holiday Description Day Kharchi Puja 3 Guru Hargobind Ji's Birthday 5 Beh Deinkhlam 14 Harela 16 Death Anniversary of U Tirot Singh 17 Ker Puja 19 Drukpa Tshe-zi 28 Many customers are wondering whether banks will be open on Saturday, July 12, 2025. As per the Reserve Bank of India's (RBI) holiday schedule, all banks across India remain closed on the second and fourth Saturdays of every will be closed on July 12, 2025, as it is the second Saturday of the July 12, 2025, customers will not be able to access in-branch services such as cash withdrawals or deposits at bank counters, cheque clearances, loan services among read: Get FD interest rate up to 8.1%: Check which bank is offering highest interest rate on FDs with 444-day tenure While the second and fourth Saturday rule applies nationwide, additional regional bank holidays may vary from state to state based on local festivals and events. You can check the RBI's holiday calendar or check with your respective bank's website to confirm if any additional holidays apply in your to the second Saturday holiday, physical bank branches will not be open on Saturday, July 12, 2025. However, digital banking services will be fully functional. Through ATMs, users can still perform a variety of financial operations, including cash withdrawals, balance queries, and mini statements. Additionally, banks provide access to services including fund transfers, bill payments, account management, and loan EMI payments through their mobile banking apps and internet banking. Even on bank holidays, UPI (Unified Payments Interface) and other digital payment systems like NEFT, IMPS, and wallets will continue to operate normally, guaranteeing that necessary financial operations can be carried out without will be closed on occasions such as Kharchi Puja, Guru Hargobind Ji's Birthday, Beh Deinkhlam, Harela, Death Anniversary of U Tirot Singh, Ker Puja, Drukpa Tshe-zi depending on the state.
