Go First Creditors Vote for Airline Liquidation Amid Financial Woes

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..

Centre approves Rs.106.37-billion road and tunnel projects for J&K

296-km network to enhance all-weather connectivity in border areas.The Union government has approved 19 road and tunnel infrastructure projects worth Rs.106.37 billion for Jammu and Kashmir, aiming to improve regional connectivity and ensure yearround access to remote border districts.Cleared by the Ministry of Road Transport and Highways, the projects span a total length of 296 km. Key developments include the Peer-Ki-Gali Tunnel (Rs.38.3 billion), which will connect the Kashmir Valley to the rest of India, and the Sadhana Tunnel (Rs.33.3 billion), providing allweather connectivity to Karnah ..