Panchkula Launches Mega Drive Against Property Tax Defaulters

29 Dec 2023 CW Team

In a decisive move to bolster revenue collection and enforce fiscal responsibility, the authorities in Panchkula have initiated a colossal sealing drive against property tax defaulters. This strategic action, slated for January 1, marks a significant step towards ensuring compliance with tax regulations and fortifying the financial health of the region. The proactive measure aims to address the long-standing issue of property tax evasion, with authorities targeting defaulters who have neglected their civic duty. The comprehensive operation involves identifying properties with outstanding tax liabilities and sealing them to compel adherence to the tax code.Property owners are urged to promptly settle their dues to avoid the risk of their properties being sealed. This initiative aligns with the broader goal of fostering a culture of responsible financial citizenship, where individuals and businesses contribute equitably to the development and maintenance of public infrastructure. The mega sealing drive underscores the local government's commitment to creating a fair and transparent tax environment. By addressing tax defaulters head-on, Panchkula aims to strengthen its financial foundation, paving the way for enhanced civic amenities and improved quality of life for its residents. As the authorities gear up for the January 1 operation, the message is clear: compliance with property tax obligations is not negotiable. The success of this initiative will not only boost immediate revenue streams but also establish a deterrent against future tax evasion, fostering a more robust and sustainable financial ecosystem for Panchkula.

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..