Latest news with #Rs18
Time of India
17 hours ago
- Business
- Time of India
Contractors to move HC over ₹90,000 crore pending govt dues
Pune: Frustrated over mounting unpaid bills from state govt, the Builders Association of India's (BAI) state unit has decided to file a writ petition in the Bombay high court seeking recovery of dues worth ₹90,000 crore. The state BAI unit, led by chairman Jagannath Jadhav, recently met deputy chief minister and finance minister Ajit Pawar and public works department (PWD) minister Shivrendra Raje Bhosale to press for clearance of the dues. According to BAI, PWD owes it ₹46,000 crore. "Despite repeated representations and follow-ups over the past one year, the ministers gave no assurance on a payment timeline. We are left with no option but to seek legal recourse," said Anand Gupta, immediate past vice president of BAI, on Tuesday. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune Another member, who did not want to be named, said that with the upcoming local elections it is unlikely that govt will clear the dues. "There are sops that have been offered by state govt as schemes and they are busy allocating funds for them. Hence, they are ignoring our demands," the member said. The prolonged delay triggered a financial crisis for contractors, with some unable to pay staff or suppliers. In a tragic incident underscoring the stress, recently one contractor allegedly died by suicide, the member said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brain tumor has left my son feeling miserable; please help! Donate For Health Donate Now Undo "If govt continues to ignore our plight, more such tragedies may occur," the member said, seeking urgent intervention to avoid a sector-wide collapse. Several departments have pending dues since last year and the association has submitted a break-up to the deputy CM, a statement from BAI said. Apart from PWD, Jal Jeevan Mission has an outstanding of Rs18,000 crore and rural development has Rs8,600 crore among others, the statement said.
Time of India
2 days ago
- Business
- Time of India
Tomato wholesale prices up 28% amid supply drop
Nashik: Tomato prices in Maharashtra's largest wholesale markets, including Pimpalgaon and Nashik Agricultural Produce Market Committees (APMCs), surged by 28% on Monday. The average wholesale price for tomatoes hit Rs45 per kg, a significant jump from Rs35 per kg recorded on Saturday — the last market day of the previous week. Tired of too many ads? go ad free now These key markets are crucial suppliers of tomatoes to Gujarat, Mumbai, Thane, other parts of Maharashtra, and even some areas of Uttar Pradesh. This latest spike contributes to a 150% increase in the average wholesale tomato price over the past 10 days. On July 18, the price stood at Rs18 per kilogram. This sharp increase is primarily attributed to a notable drop in supply failing to meet existing demand. The arrival of tomatoes in Nashik APMCs declined from over 10,500 crates a day around two weeks ago to around 6,500 crates per day on Monday. One crate contains 20 kg of tomatoes. In the retail markets of Nashik city, the price has doubled in the last 10 days from Rs 25 per kg to Rs 50 per kg. The price is now expected to increase to the range of Rs 60 and Rs 65 per kg in the next couple of days. According to the farmers, some of their produce got damaged due to heavy rainfall in the last two months. The traders, however, said the upward trend is likely to continue for another fortnight or more until the new produce reaches the markets. When contacted, Rajendra Khare, an official from Nashik APMC overseeing the tomato section, said the rainfall damaged tomato crops, causing a drop in the arrivals of the produce. "The arrival of tomatoes has dropped by around 40% in the last fortnight," he added. Deepak Gavli, an official from Pimpalgaon APMC, who looks after the tomato section, said the price trend will be upward for the next 15 days. "The prices will drop to some extent by mid-August after the new crops start arriving at the market," he added.
Time of India
22-07-2025
- Business
- Time of India
5 booked for duping group of farmers of Rs18L in Wakad
Pune: The Pimpri Chinchwad police have filed a case against five individuals, including two women, for allegedly defrauding a group of farmers of over Rs18 lakh. The suspects have been accused of luring victims with promises of high returns on investments in a deceptive business scheme. Operating from a rented office in the Wakad area, the alleged suspects ran a company called "World Wide Agro Bizz Pvt Ltd". They promoted their scheme through a YouTube channel and printed pamphlets, offering substantial returns under the guise of a home-based business opportunity, the police said. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune A complaint against them was filed by a woman who, along with several others, was lured to invest after visiting the company's office in Wakad's Shankar Kalate Nagar. Among the suspects, one individual acted as the company's manager, another as the marketing head and a third as the business development officer. "The suspects convinced the complainant and others to invest by promising a steady monthly income. However, no returns were delivered and contact with the firm gradually ceased," a police officer said. The suspects allegedly collected Rs18 lakh from multiple victims between May 2024 and July 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Subhash Chavan, assistant inspector and investigating officer, told TOI, "The main suspect used to sell costly agri machines to the farmers and promised them that he would buy their cattle feed. He also promised people that he would provide them with maintenance service and purchase their products." A case has been registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) for cheating, criminal breach of trust, and criminal conspiracy. "Investigation is underway to trace the money trail and identify the number of victims involved," the officer added.
Business Recorder
19-07-2025
- Politics
- Business Recorder
JI stages demos against price hike
KARACHI: Jamaat-e-Islami (JI) staged over 100 protest demonstrations across Karachi on Friday against soaring prices of petroleum products, electricity, and sugar. The protests were part of a nationwide campaign called by JI Pakistan Chief Engr Hafiz Naeemur Rehman. A large and diverse crowd, representing multiple professions and backgrounds, took to the streets at key locations throughout the city. Demonstrators carried placards and banners while chanting slogans against the government, accusing it of shielding powerful mafias behind the current price hikes. Local JI leaders led the demonstrations in their respective neighborhoods, demanding immediate withdrawal of the recent fuel price hike, decisive action against the sugar mafia, and urgent reforms in the power sector. Protesters blamed the government for deliberate electricity generation shortages, an aging distribution network, and tariff policies that continue to burden the common citizen. Earlier, JI Karachi Chief Monem Zafar addressed a press conference at Idara Noor-e-Haq, the party's city headquarters. He condemned the latest fuel price increase, calling it a 'petrol bomb shell' dropped on the public. He noted that fuel prices had risen by a total of Rs18 within just one and a half months, warning that the impact would be direct and severe—pushing up inflation, increasing transport costs, raising prices of essential goods, and dealing a heavy blow to industrial activity. He expressed disappointment that decision-makers, who lead lives of luxury on taxpayers' money, were inflicting hardship on the masses. Monem Zafar also reminded Pakistan Peoples Party (PPP) leader Bilawal Bhutto Zardari and Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz of their public promises to provide free electricity for consumption of up to 300 units. He said these pledges now seem hollow in light of the continuous rise in power tariffs. Addressing the concerns of the business community, Monem Zafar slammed the government for its 'anti-trade and industry sector policies.' He assured full support for the traders and industrialists' legitimate demands and announced JI's backing for the planned strike on July 19. Turning his attention to Karachi's structural and civic issues, Monem Zafar lashed out at the Sindh Building Control Authority (SBCA), calling it a 'cancer for Karachi' and labeling it the 'most corrupt institution' in the city. He said the so-called 'portion mafia' continues to thrive while acquiring legal building permits has become a 'herculean task.' He held the PPP and Muttahida Qaumi Movement (MQM) jointly responsible for the worsening civic conditions in Karachi, where he said half the population continues to suffer from severe water shortages. Commenting on the recent controversy over vehicle number plates, Monem Zafar pointed to the government's announcement that no penalties would be imposed on existing plates until August 14. He credited public backlash for the policy reversal but raised broader concerns. He questioned the government's priorities and pointed to the Safe City project—initiated in 2011 under court orders and budgeted at Rs30 billion—as a major failure. The project was supposed to deliver 12,000 surveillance cameras across Karachi, but according to him, less than 20 percent have actually been installed. He urged the government to put its own affairs in order before forcing citizens to spend billions on new registration plates. Monem Zafar also expressed concern over the post-rain management situation in Karachi, and highlighted the deteriorating law and order in Balochistan and Khyber Pakhtunkhwa, warning that the worsening conditions in these regions reflect the government's failure to maintain stability and deliver public services across the country. Copyright Business Recorder, 2025
Time of India
18-07-2025
- Business
- Time of India
NMC gets ready to outsource 160 workers
Nashik: The standing committee of Nashik Municipal Corporation has approved deployment of two agencies to provide 160 personnel to its encroachment department. This move, which has been finalized through a tender process, is a proactive measure in anticipation of the Simhastha Kumbh Mela scheduled for 2026-2028. Tired of too many ads? go ad free now These agencies will play a crucial role in assisting the civic body with regular drives against roadside encroachments across the city for the next three years. Beyond providing manpower, the selected agencies will also supply all necessary equipment, including hammers, cutters, and other tools required for demolition work. This initiative is particularly significant as the civic body has been facing a manpower crunch. Addition of these 160 personnel will enable consistent and effective enforcement against encroachments. Following the standing committee's approval, the NMC will finalize agreements with both agencies in the coming days. "The total cost for these services over the next three years is Rs18 crore," an NMC official said. Around 50 of the total 160 personnel will be stationed in the Panchavati division for removing encroachments along Kalaram Temple, Ramkund, Shahi Marg — the route through which sadhus take out a procession from Tapovan to Ramkund during the Simhastha — and the proposed Ram Kal Path route. The remaining personnel will be deployed to remove encroachments in all the major market areas of the city in Nashik East, Nashik West, Nashik Road, Satpur and Ambad division. Continuous drives against roadside encroachments in market areas like Raviwar Karanja, Shalimar, Saraf Bazaar, M G Road and Main Road will also be undertaken regularly with the help of these staff.
