Latest news with #Suraksha
Time of India
2 days ago
- Business
- Time of India
Forest dept to simplify rules for growing sandalwood trees on pvt lands
Mysuru: With a view to encouraging farmers to grow sandalwood trees, the Karnataka forest department is contemplating simplifying rules to grow them on private lands, said forest minister Eshwar Khandre. Thanking Karnataka Soaps and Detergents Limited (KSDL) for distributing Suraksha kits containing a jacket, bag, and a pair of boots to forest watchers, forest guards, and elephant handlers under its CSR funds at an event at the KSOU auditorium here, the minister said the govt would make a decision in this regard within a week or two. In response to KSDL's request for support in growing more sandalwood trees on forest lands, Khandre replied positively, stating he would discuss it with forest officers and communicate with them. He also suggested approaching the revenue department, noting that there are many abandoned lands that can be utilised for this purpose. Earlier, KSDL chairman Appaji C S Nadagouda, an MLA, proposed to the forest department to have a memorandum of understanding to grow sandalwood trees on forest land, suggesting that they would bear the cost of growing provided they're given the land. KSDL would then buy the mature sandalwood trees from the forest department. 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 He claimed sandalwood production declined over the decades and expressed the need for a policy to increase production. The chairman said that more than 90% of their products made of sandalwood are in demand without any marketing. About 82% of sales happen outside Karnataka, he said. KSDL reserved Rs 7 crore under CSR funds, of which Rs 2 crore was utilised to provide Suraksha Kits to nearly 10,000 forest personnel at the grassroots, including about 2,100 in the Mysuru forest division. On the occasion, the chairman also revealed plans to expand its business and increase its revenue to Rs 3,000 crore in the next few years. In the previous fiscal year, KSDL earned about Rs 410 crore in revenue. Minister Khandre also appreciated wildlife photographer and minister MB Patil's son, Dhruv Patil, who is also a member of the State Wildlife Board, for his concern towards forest watchers and guards. Minister for large and medium industries and infrastructure development MB Patil remembered Nalwadi Krishnaraja Wadiyar on his birth anniversary and for his vision of setting up sandalwood soap industries a century ago, in 1916. He said Mysuru sandal products are popular worldwide. KSDL team to visit Australia KSDL officers, led by its chairman Nadagouda, will be visiting Australia to study the strategies adopted to grow more sandal trees. "Australia has been successfully producing sandal trees, and we want to study it and how successful they have been in making byproducts. The team will leave for Australia next week," he said. MLC Yathindra Siddaramaiah and senior Karnataka forest officers, including PCCF (wildlife) Subash Malkhede and PCCF Kumar Pushakar, were present.
Mint
26-05-2025
- Business
- Mint
Bandhan Bank ‘Suraksha' home loan: Eligibility, documents and application process
Bandhan bank's 'Suraksha' home loan provides borrowers with a streamlined financing option for selecting, purchasing, constructing or even extending their homes. With loan amounts covering up to 90% of the entire property's cost along with flexible and easier repayment options, this particular loan product caters to a broad spectrum of borrowers. Here is a step by step guide for aspirational home loan borrowers to secure the 'Suraksha' home loan provided by the Bandhan bank along with the applicable interest rates, documents required and other essential details: Eligibility criteria: The first essential step in applying for the 'Suraksha' home loan is to check your eligibility. Applicants must be between 21 and 75 years at loan maturity. Further, a stable source of income and a formal income source is mandatory to apply for this loan. Document preparation: Gather all necessary documents such as complete home loan application form with a recent passport size photograph, valid identity document and address proof as per the KYC norms. Then you should also have age proof, income proof (salary slips, most recent ITR etc.) and last six months bank statements. Along with the above, clear details of any existing debts or loans. Calculate the loan requirements: Carefully determine the total loan amount needed. This must be done keeping in mind that Bandhan Bank finances up to 90% of the property's cost, including both land and construction. For more clarity on this refer to the official website of Bandhan Bank and discuss your concerns with a dedicated customer support executive. Submission of the complete application: Once you are done with the collection of basic documents and are clear about the required eligibility criteria for the loan. Then you should visit the nearest Bandhan Bank branch or apply online through the official website. Submit the properly completed application form along with the required documents. Await for approval and disbursement: Once your properly filled application form is submitted you will be given an acknowledgement by the bank. Post the same you must wait for a few days according to the policies of the bank. The bank will in stipulated time communicate the loan application status. Once cleared the loan amount will be disbursed as per the agreed terms and conditions. Loan coverage : Up to 90% of the total cost of the property is covered under this loan. For individual case to case basis refer to the designated customer service team. : Up to 90% of the total cost of the property is covered under this loan. For individual case to case basis refer to the designated customer service team. Interest rates : Floating rates ranging from 8.66% to 12.83%, determined by the applicant's credit score, past payment history and earlier defaults etc. : Floating rates ranging from 8.66% to 12.83%, determined by the applicant's credit score, past payment history and earlier defaults etc. Tenure : The bank provides for a flexible repayment period from 1 to 30 years. This tenure and the corresponding interest rates applicable on a case to case basis will be evaluated by the bank as per the submissions made in the home loan application. : The bank provides for a flexible repayment period from 1 to 30 years. This tenure and the corresponding interest rates applicable on a case to case basis will be evaluated by the bank as per the submissions made in the home loan application. Purpose: This particular home loan product is developed for purchasing, constructing or extension of residential properties. Note: The floating rates discussed above are illustrative only. For updated terms and conditions refer to the official website of the bank. Furthermore, for any more details, clarifications about the application process along with the applicable interest rates visit the official website of Bandhan Bank. You can also discuss your problems and doubts on an individual basis with a customer service executive of the bank by visiting in person before submitting your home loan application to make the experience seamless. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Loan terms, interest rates, and eligibility criteria are subject to change at the sole discretion of Bandhan Bank. Readers are advised to verify the latest details by visiting the official Bandhan Bank website.
Hindustan Times
25-04-2025
- Business
- Hindustan Times
Suraksha Group to infuse ₹5,500 cr in 3 years to deliver Jaypee projects in Noida
The Suraksha Group on April 24 said it will infuse ₹5,500 crore in the next three years to finish and deliver the stalled housing projects of Jaypee Infrastructure Limited according to the approved resolution plan. The Suraksha Group shared these details with the media 14 days after homebuyers staged a protest against the company. The buyers are also planning a protest against the company if they will not resume the work at the site alleging the work has not started at the site. However, the Suraksha group claimed otherwise, and said that they have deployed additional workers to deliver the project according to timelines. The disgruntled homebuyers, on March 10, 2025, staged a protest over the sluggish pace of construction despite the resolution plan being approved by NCLAT nearly 10 months ago. Suraksha Group, which took over JIL in March 2023 after a prolonged insolvency process, has now released the timeline for completion of the remaining towers, with possession deadlines stretching from June 2026 to December 2028. The projects include Pebble Court, Kosmos, Klassic, Kasa Isles, Kensington Boulevard, Kube, Wish Point, Orchards, Krescent Homes, and Garden Isles. The Mumbai-based company said despite initial hurdles in mobilisation and regulatory setbacks such as Grap (Graded Response Action Plan) restrictions, the company has reiterated its commitment to the court-mandated timelines. 'Despite loss of a few months due to delays in the installation of tower cranes and Grap orders, we are still on track to complete the projects within the stipulated timelines,' said Abhijit Gohil, CEO of Jaypee Infratech Ltd. 'We have awarded contracts for all the towers and most of the contractors are those who previously worked with Jaypee Associates, ensuring continuity and familiarity with the project's design and layout.' 'We have made substantial progress. So far, Occupancy Certificates (OC) for 22 towers have been received, and we have applied for OCs of 12 more towers. We aim to obtain OCs for 18 more towers by the first week of June and plan to file for 10 more within this calendar year,' said Executive director Jash Panchamia. However, the road to revival has been rocky. As per the resolution plan, construction was expected to resume within 90 days of the 'approval date'—marked by the NCLAT order dated May 24, 2024, which upheld NCLT's earlier verdict. But homebuyers allege that even 10 months after the approval, actual on-ground work remains negligible in many of the stalled towers. In their view, Suraksha's announcement came only after their protest drew attention to the delay. At the time of the takeover, construction was active in 62 towers involving over 6200 homebuyers, while 97 others remained stalled or had not commenced, impacting over 10,500 families. Some structures, launched as early as 2010-11 and initially promised by 2014-15, had been abandoned for nearly a decade. The company says it has ramped up labour deployment from just 555 workers in December 2024 to over 3,200 at present, and crane replacements, and rectification work are in full swing. A total of 1,149 registries have been done since mid-2024. Meanwhile, extensions for several towers are still awaited from UPRERA, with approvals expected by May 2025 for projects like Klassic A (Phase II), Kosmos B (Phase II), Kensington Park Apartments, Garden Isles, Kube, and Orchards. The NCLAT in May 2024 had also directed Suraksha to pay an additional ₹1,335 crore to the Yamuna Expressway Industrial Development Authority (YEIDA) for farmers' compensation—significantly more than the earlier ₹10 lakh decided under the resolution plan. Panchamia said they have already released ₹70 crore to YEIDA in this regard. 'The claim made by the Suraksha management today felt like nothing more than an eyewash for the homebuyers. If the contracts were always intended to be awarded to the same contractors who previously worked under JAL, then what explains the prolonged delays? This either points to a failure in finding new contractors or issues with due diligence, especially since some contractors have been removed or have walked away. Despite Suraksha's claims that contracts have now been awarded and that work will progress as per the resolution plan timelines, there is still no construction schedule being shared with the homebuyers. This lack of transparency raises serious concerns as even the elected representatives of homebuyers are not aware of the same,' said Ashish Mohan Gupta president - JIL Real Estate Allottees Welfare Society. 'The Occupancy Certificates (OCs) for 22 towers were either applied for or obtained during the tenure of the Interim Monitoring Committee (IMC). Suraksha cannot take credit for this progress. In fact, OCs for three towers, applied in June 2024, are still pending. There is also no official report shared with homebuyers confirming that rectifications recommended in the structural audits have been implemented as per required safety norms,' said Gupta.
Time of India
24-04-2025
- Business
- Time of India
Clicking on link costs bizman =35L, lost to share trade fraud
Mumbai: A based businessman residing in Bhandup has lodged a complaint that he was cheated of Rs 35 lakh by cyber fraudsters in a shares trading scam. In his detailed complaint lodged at the East Division Cyber Police Station, he has stated that cyber fraudsters lured him to invest in buying shares. Tired of too many ads? go ad free now The fraudsters claimed to be share investment "experts", states his complaint. The businessman, on Jan 9, while browsing Facebook from his registered cellphone number, came across a link promoting "bear trading." Upon clicking, he was redirected to a WhatsApp group administered by a woman named Suraksha. The WhatsApp group, which had around 130 members, actively discussed share trading strategies, with known names in share trading presenting themselves as market experts. Encouraged by screenshots of supposed profits shared by members of the group, he was persuaded to invest. He was directed to an app named Market, accessible via a suspicious link, where he was asked to submit sensitive information including Aadhaar details and multiple bank account numbers—his own as well as those of his wife, mother, and brother. Initially he invested Rs 30,000, but was later induced to deposit large sums with promise of gaining access to lucrative IPOs and advanced bear trading options. Between Jan 9 and Feb 25, he transferred over Rs 35.23 lakh to various accounts. Fraudulent beneficiaries included companies and individuals as well as a few banks.. "On Feb 25, when the businessman tried to withdraw what appeared as a profit of Rs 62.5 lakh in the trading app, he was told to pay a 15% commission fee followed by a 12% tax which the fraudster claimed was mandated by Government of India. Despite complying, he was unable to recover either his investment or profits." Tired of too many ads? go ad free now said an officer. Realising that this was a scam, he filed a formal complaint via the national cyber crime helpline on Tuesday and subsequently at East Division Cyber Police Station. The case highlights growing concern about cyber frauds masquerading as legitimate financial services. The police have urged citizens to verify trading platforms and avoid sharing personal or financial information on unverified links.
Time of India
24-04-2025
- Business
- Time of India
Suraksha Group shares Jaypee Wish Town status, pushes deadline to Dec 2028
Noida: Suraksha Group has pushed the possession deadline for various residential units in the under-construction towers at Jaypee Wish Town , a project it has taken over, from June 2026 to Dec 2028. Tired of too many ads? go ad free now The company claimed that over 3,200 labourers are currently working on multiple towers. Amid growing pressure from around 17,000 homebuyers , who have waited more than a decade for their flats, the group on Thursday shared a detailed construction and possession schedule. Suraksha Group's resolution plan for beleaguered Ltd (JIL) was approved by NCLT in March 2023 following a prolonged insolvency process. The National Company Law Appellate Tribunal (NCLAT) upheld the decision last May. However, allottees had accused the group for sluggish pace of construction and staged a protest earlier this month. According to the timeline, Pebble Court will be the first project to be completed by June 2026, followed by Kensington Park by Sept 2026, Kosmos by Oct 2026, Klassic by Nov 2026, Kasa Isles by March 2027, Kensington Boulevard by June 2027, Kube by Jan 2028, Wish Point by June 2028, Orchard by Aug 2028 and Garden Isles and Krescent Homes by Dec 2028. Some of these projects are awaiting RERA extensions, which the company expects by May 2025. Despite initial setbacks, Suraksha said it was committed to meeting court-mandated deadlines. "Despite losing a few months due to delays in tower crane installations and GRAP orders, we are still on track," said Abhijit Gohil, CEO of Jaypee Infratech Ltd. "We have awarded contracts for all towers, most of which have gone to contractors who previously worked with Jaypee Associates, ensuring continuity and familiarity with the project layout." Tired of too many ads? go ad free now The company claimed to have completed 1,149 property registries since mid-2024. Executive Director Jash Panchamia said occupancy certificates (OCs) have been received for 22 towers and applications have been filed for 12 more. "We aim to secure OCs for another 18 towers by the first week of June and plan to apply for 10 more this year," he said. Despite assurances, allottees claim that progress remains negligible across many stalled towers. Ashish Mohan Gupta, president of the JIL Real Estate Allottees Welfare Society (JREAWS), which led the recent agitation, said, "Suraksha's claims appear to be more of an eyewash than a genuine update. If they always intended to work with the same contractors, what caused the prolonged delay? Till now, no comprehensive construction schedule has been shared with homebuyers, and even elected representatives are unaware of the actual timelines. This lack of transparency is deeply concerning." According to the approved resolution plan, construction was supposed to resume within 90 days of the NCLAT order dated May 24, 2024. Gupta said the OCs for 22 towers were largely obtained or applied for during the Interim Monitoring Committee's tenure, not Suraksha's. "In fact, OCs for three towers applied in June 2024 are still pending," he added. Gupta said in response to JREAWS' application before the NCLT on April 18, Suraksha cited 2,000 workers on-site. "Now, that number has suddenly jumped to 3,200," he added. The residential projects, launched in 2010-11, were to be delivered by 2014-15. After a protracted legal battle, NCLT approved Suraksha's bid to acquire the debt-ridden Jaypee Infratech Ltd (JIL) on March 7, 2023. At the time, construction was going on in 62 towers of the four Wish Town projects—Kosmos, Klassic, Kensington Boulevard, and Kensington Park Apartments and Heights —affecting over 6,200 homebuyers. Work was stalled or yet to begin in 15 other towers of the four projects and 82 towers across six condominiums—Garden Isles, Krescent Homes, Kasa Isles, Orchards, Kube, and Pebble Court—affecting 10,500 homebuyers. Some of the towers were abandoned for nearly eight years.
