Govt. seeks clarity on, money matters for Deolali Cantonment

11 Sep 2023 CW Team

The Directorate of Municipal Administration in Navi Mumbai, under the state government's jurisdiction, has initiated steps to gain clarity from the Deolali Cantonment Board in Nashik on several pivotal matters. This pursuit of information aims to facilitate "concrete conclusions" regarding the proposed plan to exclude civilian areas within the cantonment and amalgamate them with a neighbouring civic body.

The multifaceted issues at hand encompass various crucial aspects, including the geographic continuity of the civil areas slated for exclusion, essential for unhindered movement and developmental endeavours. Additionally, considerations entail factors such as floor space index (FSI), building permission regulations, the impending salary and pension obligations of employees, particularly those nearing retirement, that will be transferred to the civic body. Matters related to taxation rates, the age and depreciated value of infrastructure and utilities, as well as revenue and expenditure, are also under scrutiny.

An official from the Directorate of Municipal Administration (DMA) elaborated, stating that "The directorate will forward its final recommendation on the merger to the state government after clarity on these issues, and the state would communicate it to the Ministry of Defence." This process is expected to have relevance and applicability to the Aurangabad cantonment as well, as indicated by a senior officer from the Directorate General of Defence Estates.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..