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Shillong Bags Smart City Tag, Number Reaches 100The Ministry of Housing and Urban Affairs has selected Shillong as the 100th city to receive funding under the Centre's flagship Smart Cities Mission after evaluation of the proposal submitted by it. Earlier, nine names were added in the smart cities list in January. These cities were Biharsharif (Bihar), Diu (Daman & Diu), Erode (Tamil Nadu), Itanagar (Arunachal Pradesh), Kavaratti (Lakshwadeep) and Bareilly, Moradabad & Saharanpur (Uttar Pradesh). The list now has a total 99 cities to be developed as smart ones.
Lodha Gets Sebi Go-Ahead To Launch IPONine years after the Mumbai-based real estate giant first attempted to go public, Lodha Group has now received a go-ahead from markets regulator, the Securities and Exchange Board of India (Sebi) to launch its initial public offering. Expected to fetch the company about Rs 5,500 crore, the offering would be the country’s second-biggest property IPO ─ real estate giant DLF’s IPO of 2007 fetched the company Rs 9,200 crore, the highest in the country so far.
Purvanchal Expressway Moves A Step Closer To RealityThe Uttar Pradesh government has approved various proposals submitted by shortlisted builders for different packages of the expressway. These projects will be implemented in engineering, procurement and construction (EPC) model. The expressway will be constructed between capital Lucknow and Ghazipur connecting interior and semi-developed towns of the state.
Centre Plans Strengthening North-East Region With EnThe Indian government, under ‘Act East’ Policy, is developing infrastructure projects in the North Eastern Region (NER) to boost connectivity. It will develop road networks spanning 5,200 kilometres in the North East Region along with National Highway projects and undertake upgradation under the Bharatmala Pariyojana and invest Rs 48,000 crore for building 15 new rail line projects across the state capitals.
Know These Finance Terms Before You Go For A Home LoMakaaniQ explains some financial jargons. Repo rate is the rate at which the RBI lends the money to commercial banks. Reverse repo rate is the rate banks charge on funds they invest in government securities with the RBI. The base rate is the minimum interest rate at which banks lend money to customers. Cash Reserve ratio is a specified proportion of the total deposits that banks are required to hold as reserves, in the form of cash or deposits, with the RBI. Statutory Liquidity Ratio (SLR) is the ratio of liquid assets banks hold and the Net Demand and Time Liabilities.