Jaipur Civic Body Seizes Properties for Unpaid UD Tax

27 Feb 2024 CW Team

In a stringent measure against tax defaulters, the Jaipur Municipal Corporation has seized five properties in the city over non-payment of Urban Development (UD) tax. The civic body, taking a stern stance on tax compliance, attached the properties as part of its drive to ensure timely revenue collection for urban development initiatives.

The move comes as a part of the municipality's efforts to enforce financial discipline and prompt tax payments from property owners. The properties were attached following repeated reminders and notices to the owners regarding the outstanding UD tax. By taking this step, the Jaipur civic body aims to send a clear message about the consequences of non-compliance with local tax regulations.

Jaipur residents and property owners are urged to settle their dues promptly to avoid similar actions against their properties. The civic authorities emphasise the significance of UD tax contributions in supporting crucial urban development projects and services. The enforcement action reflects the civic body's commitment to maintaining fiscal discipline and ensuring that property owners fulfil their tax obligations for the overall benefit of the city's development.

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..