Bengaluru's Governance Bill Sparks Debate Over BBMP Split

12 Feb 2025 CW Team

The Karnataka Legislative Assembly’s Joint Scrutiny Committee, reviewing the Greater Bengaluru Governance Bill, 2024, held two public consultations on Monday, drawing mixed reactions from citizens and stakeholders.

The bill proposes splitting Bruhat Bengaluru Mahanagara Palike (BBMP) into five independent municipal corporations to improve governance and public services. Committee Chairman Rizwan Arshad emphasized that Bengaluru’s rapid growth requires decentralized administration for better efficiency.

However, strong opposition emerged against the proposed sharing of property tax revenues between corporations. Former Minister and BJP MLA S.T. Somashekhar supported the bill, arguing that dividing BBMP—each with up to 75 elected corporators and separate Chief Commissioners—would enhance administration, ensuring each ward serves around 30,000 residents effectively.

The bill also suggests extending the mayor’s term and restructuring BBMP elections. With 17 committee meetings already conducted, further public consultations will be held across six locations in Bengaluru.

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..