RBI Allows Withdrawal for New India Cooperative Bank Depositors

Maharashtra approves Rs.207.87 billion for Shaktipeeth expressway

The Maharashtra cabinet has approved Rs. 207.87 billion for land acquisition for the 802-km Shaktipeeth Expressway, which will connect Pavnar in Wardha district to Patradevi on the Maharashtra–Goa border.The corridor will pass through 12 districts, including Yavatmal, Nanded, Latur, Solapur, and Sindhudurg, and link with the Konkan Expressway. The expressway, aimed at enhancing religious tourism and regional connectivity, is expected to reduce travel time between Nagpur and Goa from 18 to 8 hours.It will connect major pilgrimage destinations such as Mahur, Tuljapur, Kolhapur, Ambajogai, Pand..

Centre shelves Rs.80 billion greenfield cities plan

The Union government has dropped its Rs.80 billion plan to develop eight greenfield cities, originally recommended by the 15th Finance Commission, opting instead to invest in upgrading existing urban areas. The decision, reportedly made by the Prime Minister’s Office after consultations with NITI Aayog and the Asian Development Bank, marks a shift toward revitalising smaller cities— especially those with populations under 100,000— under a forthcoming Rs.1000 billion “urban challengeâ..

Maharashtra proposes new rules for cooperative housing societies

The Maharashtra government has unveiled the Draft Maharashtra Cooperative Societies Rules, 2025, proposing a major revamp of housing society governance. Open for public feedback since 15 April, the draft aims to modernise operations and boost transparency across 1.25 lakh housing societies, largely in the Mumbai Metropolitan Region. Key changes include allowing virtual AGMs with a quorum of two-thirds or 20 members, whichever is lower, and enabling simple majority decisions. Managing commit..