Latest news with #Rs56
Time of India
3 days ago
- Business
- Time of India
Gadkari slams delays, pushes for speedy execution of civic projects
Nagpur: With major civic projects like Sokta Bhavan commercial complex drawing zero bids despite two rounds of tendering, Union minister Nitin Gadkari on Saturday criticised officials over delays caused by poor coordination and waning private sector interest. Reviewing a slew of stalled infrastructure works, he called for urgent measures to rebuild investor trust and fast-track execution of projects stuck due to red tape, land disputes, and agency overlaps. During a review meeting, Gadkari instructed the Nagpur Municipal Corporation (NMC) to immediately begin work on the Rs56 crore Pardi commercial market, stressing that the civic body already owns the required land. However, the adjacent vegetable and mutton market project at the same site remains in limbo, as land transfer from the state govt is pending. Originally assigned to the National Highways Authority of India (NHAI) a decade ago, the agency withdrew after receiving Rs40 crore from the Centre. NMC will now take it up under a design, build and finance model. Municipal commissioner Abhijeet Chaudhari, MSIDC managing director Brijesh Dixit, senior officials from NHAI among others attended the meeting. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Gadkari also gave fresh impetus to the long-pending Kachipura redevelopment, where 65.95 acre land belonging to Panjabrao Deshmukh Krishi Vidyapeeth (PDKV) is encroached upon by slums, garages, and eateries. Although the matter is pending before the high court, there is no stay on development. Gadkari proposed building a commercial complex on the land and directed the Maharashtra State Infrastructure Development Corporation (MSIDC) to prepare a detailed plan. He approved MSIDC's involvement in developing the Kamal Talkies vegetable market, earlier part of NHAI's Indora-Dighori flyover package but now to be taken up independently. The minister also reviewed redevelopment plans for Cotton Market, Dik Dawakhana, and other projects under MSIDC's purview, urging officials to resolve technical hurdles and expedite tenders. Highlighting the lack of private participation, Gadkari cited the Sokta Bhavan project where not a single bidder came forward despite two tenders. Now, in a bid to salvage the situation, NMC slashed the base price of the Sokta Bhavan project by 11% (from Rs144 crore to Rs128 crore) and floated a fresh tender to revive developer interest. Gadkari emphasised that such cases reflect a larger crisis of confidence among builders, stemming from fears of delayed clearances and poor returns. To counter this, Gadkari proposed a dedicated workshop in the next 15–30 days where NMC and MSIDC will showcase all upcoming public-private partnership (PPP) and construction projects. He is expected to address the developers personally to assure them of transparency and govt backing. "These are not isolated projects — they involve overlapping roles of NMC, MSIDC, and NHAI. That's why such coordination meetings are essential," said an official present at the review, adding that unresolved land issues, funding gaps, and bureaucratic delays have stalled even previously sanctioned works. Gadkari urged officials to compile and present all project details in a transparent manner and hold departments accountable for delays. He stressed that unless coordination improves and confidence is restored among private players, urban infrastructure development in Nagpur will continue to face bottlenecks.
Express Tribune
7 days ago
- Business
- Express Tribune
Two witnesses record testimonies in gifts case
The Toshakhana is a repository which stores precious gifts given to rulers, parliamentarians, bureaucrats and other officials by heads of other governments and foreign dignitaries. PHOTO: FILE Two more prosecution witnesses on Tuesday gave their testimonies in a case related to alleged misuse of the official gift repository rules by PTI founder Imran Khan and his spouse Bushra Bibi during the former's term as the prime minister. Special Judge Central Shahrukh Arjumand conducted the hearing of the case in a courtroom inside Rawalpindi's Central Prison popularly known as Adiala Jail. Both Imran and Bushrawho are detained in the prison facility — attended the hearing. After the testimonies, the counsel for Imran, Arshad Tabriz, cross-examined both the witnesses. Lawyer of Bushra Bibi, Qosain Faisal Mufti, will cross examine the witnesses at the next hearing. Bushra Bibi had refused to attend the last hearing of the case — also called the Toshakhana II casedespite repeated summonses by the court. The judge had later warned of cancelling her bail in the case. The court will resume hearing on June 11. According to the charge-sheet, Imran misused his position to acquire a Bulgari jewelry set that the Saudi crown prince presented as a gift during the couple's visit to Saudi Arabia between May 7 and 10, 2021. The set included a ring, bracelet, necklace, and a pair of earrings. According to the evidence gathered during the investigation, Imran and Bushra unlawfully retained the set. On May 18, 2021, the deputy military secretary informed the section officer of Toshakhana about the need to assess and declare the price of the gift, but it was not deposited. Bulgari sold the necklace for 300,000 euros and the earrings for 80,000 euros to a Saudi franchise on May 25, 2018. However, the price of the bracelet and ring could not be determined. As of May 28, 2021, the total estimated value of the Bulgari jewelry set was approximately Rs75,661,600. The necklace alone was valued at Rs56,496,000, and the earrings at Rs15,065,600.
Express Tribune
23-05-2025
- Express Tribune
Kid, biker injured in bandits' firing
Two people, including a schoolboy, were injured in a robbery incident near furniture market in Orangi Town. The incident occurred when two armed suspects riding a motorcycle attempted to rob a motorcyclist. When the victim resisted, the suspects opened fire, injuring a 12-year-old passerby, Abdul Wahab, and a 52-year-old man, Abdul Rashid, the police said. Abdul Wahab was going home after school. Barber shop robbed Armed muggers broke into a barber shop in Joharabad and looted cash, mobile phones and other valuables from the customers including a doctor Victim Dr Usman reported the incident to the police stating that bandits snatched his mobile phone and Rs56,000 in cash besides depriving other customers of their valuables. Outlaws held The New Karachi Industrial Area police arrested two suspects in injured condition after an alleged encounter. The arrested accused were identified as Nadir Jam Kora and Sajjad Bilal alias Sanwal. The arrested accused belong to an inter-provincial motorcycle lifter gang. The arrested suspects were on the most wanted list of the police. The suspects killed a young man Kamran Abbas on his resistance during a robbery near Dhaka Sweets, Gulshan-e-Iqbal. They fled with victim Abbas's 125cc motorcycle and his two mobile phones. Kamran Abbas was an employee of a private school and a resident of Mahmoodabad. The motorcycle recovered from the arrested accused was snatched from Kamran Abbas. The Korangi police arrested a robber in an injured condition after an alleged encounter near General Post Office Chowk, on the night between Wednesday and Thursday. He was identified as Sher Ali Nadeem. His accomplice managed to escape. The Surjani Town police arrested four dacoits, including two injured, after an alleged encounter near Mir Khan Goth, Lyari on the night between Wednesday and Thursday. The arrested accused were identified as Ahmed Nazir Khalid alias Nomi, Tahir Lal aka Tao, Rehan Ghaffar and Yasir Yaseen. The Special Investigation Unit (SIU) arrested an alleged street criminal during an operation in Liaquatabad. According to the SIU, his accomplice, Umair, was arrested on February 17 after an encounter near Chishtian Nagar NJV School. However, Babar and two others-Bilal and Dhiraj-managed to flee. The group, on May 14, looted a beverage depot near Lakhtipat Hotel, Rs100,000 and several mobile phones.
Business Recorder
22-05-2025
- Business
- Business Recorder
Gold prices post huge gains
KARACHI: Gold continued with big strides on Wednesday as world market registered huge gains, crossing $3,300 per ounce, traders said. Local gold prices grew by Rs6,600 per tola and Rs5,659 per 10 grams, marking the fifth consecutive session of gains. This rise was driven by a $66 surge in global bullion prices, trading at $3,310 per ounce. Thus, the fresh surge took the gold prices to Rs349,400 per tola and Rs299,554 per 10 grams, according to All Pakistan Sarafa Gems and Jewellers Association. Domestic silver prices soared by Rs56 and Rs49, reaching Rs3,466 per tola and Rs2,971 per 10 grams, respectively. International market closed silver trading at just over $33 per ounce, the association added. Copyright Business Recorder, 2025
Business Standard
02-05-2025
- Business
- Business Standard
Navigating Financial Turbulence: The Case for Land Investment in Naugaon
PNN New Delhi [India], May 2: Indian financial markets have experienced significant volatility, influenced by both global and domestic factors. On April 7, 2025, the Nifty 50 and BSE Sensex recorded their worst single-day declines in ten months, plummeting by 3.24% and 2.95% respectively. This downturn was primarily driven by escalating global trade tensions and fears of an impending recession. Concurrently, geopolitical tensions in the Middle East have further exacerbated market instability. The conflict between Israel and Iran has led to a surge in crude oil prices, contributing to inflationary pressures and impacting investor sentiment. Analysts warn of continued volatility as these geopolitical issues unfold. Gold Market Dynamics Traditionally viewed as a safe-haven asset, gold has also faced fluctuations. Recent forecasts suggest that gold prices may stabilize around Rs56,000 per 10 grams, prompting investors to reassess its role in their portfolios. While gold offers a hedge against inflation, its returns can be unpredictable in the short term. Land: India's Enduring Asset Land is not just property--it's a legacy. Unlike stocks or commodities, it doesn't disappear in a crash or fluctuate wildly. It appreciates steadily, offers tangible security, and is immune to foreign sanctions or policy changes. It's an investment rooted in Indian soil--safe, sovereign, and sustainable. Ram Rattan's Naugaon: A Prime Investment Opportunity One such promising investment opportunity is Ram Rattan's Naugaon, located just 60 minutes from Gurgaon. Developed by the esteemed Ram Rattan Group, known for over four decades of excellence in farmhouse and farmland development, Naugaon spans over 1,000 acres and offers a blend of luxury, sustainability, and investment potential. Strategic Connectivity Naugaon's exceptional connectivity is a standout feature. Situated along the Delhi-Mumbai Expressway, the region provides easy access to major cities, including Delhi, Noida, Gurgaon, Jaipur, and Mathura. The expressway has significantly reduced travel times, bringing Naugaon within an hour's drive from Gurgaon and 90 minutes from Jaipur. Sustainable Luxury Living Designed with a focus on sustainability and luxury, Naugaon hosts developments like Ananda Farms and Green Step Farms. These projects feature eco-friendly designs, wellness-focused spaces, and modern infrastructure, providing residents with a harmonious living experience amidst nature. Investment Potential Vijay Ram Rattan, Chairman of Ram Rattan Group, emphasizes, "In today's volatile financial landscape, investing in land offers unparalleled stability and long-term growth. Ram Rattan Naugaon not only provides a serene living environment, this is where your investment becomes your legacy for future generations." Conclusion As global markets continue to experience fluctuations, diversifying investment portfolios to include stable assets like land becomes increasingly important. Ram Rattan's Naugaon presents a unique opportunity to invest in a region poised for significant growth, offering both a secure living space and a promising financial asset.
