logo
Seminar on Environmental Clearance Requirements and Compliance

Seminar on Environmental Clearance Requirements and Compliance

The Hindu06-06-2025

Hubert Enviro Care Systems (HECS), in association with CREDAI Chennai, organised a seminar on Environmental Clearance Requirements and Compliance. Mohammed Ali, Managing Director of South India Shelters and President of CREDAI Chennai, highlighted about the bottlenecks faced in securing Environmental Clearances (ECs) for construction projects. He pointed out the potential implications of the recent Supreme Court judgment on the sector, calling for greater clarity, streamlined procedures, and proactive stakeholder engagement. J.R. Moses, CEO of HECS emphasized the critical need to understand and adapt to the evolving legal landscape, according to a statement.
Balasubramaniam, Professor of Chemical Engineering at Anna University and Member of the State Disaster Management Committee, spoke about waste management, emphasising the intersection of science and policy. He called for an integrated approach to turn environmental challenges into sustainable development strategies.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Is Radial Road ready for real estate boom? The 200ft-wide Pallavaram–Thoraipakkam stretch is emerging as a key real estate corridor, but infrastructure lags behind
Is Radial Road ready for real estate boom? The 200ft-wide Pallavaram–Thoraipakkam stretch is emerging as a key real estate corridor, but infrastructure lags behind

Time of India

time21 hours ago

  • Time of India

Is Radial Road ready for real estate boom? The 200ft-wide Pallavaram–Thoraipakkam stretch is emerging as a key real estate corridor, but infrastructure lags behind

CHENNAI: The Pallavaram–Thoraipakkam Radial Road, once just a connector between GST Road and OMR, is now turning into a real estate magnet — but the infrastructure is struggling to keep up. As towering residential blocks and sprawling IT parks rise along the 200ft-wide stretch, traffic snarls, poor drainage, and civic delays are threatening to trip up its transformation. Around 2,500 residential units are already under construction along the corridor, with major projects by top developers nearing completion. That number is set to surge, with two massive township-style developments expected to add more than 4,000 apartments between 2025 and 2030. 'The Radial Road is no longer just a transit route. It's becoming a self-sustained urban zone with residential and commercial balance,' said Viswajith Kumar, treasurer, Credai Chennai. Sanjay Chugh, director at Anarock, said homebuyers investing in the location now stand to gain from both shortterm traction and long-term value appreciation. The commercial boom is equally aggressive. An 8.3 lakh sqft IT complex is coming up with an investment of 400 crore, while phase 2 of an international tech park is adding 13 lakh sqft of Grade A office space. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Co-Founder of Google Brain, Andrew Ng, Recommends: "These 5 Books Will Turn Your Life Around" Blinkist: Andrew Ng's Reading List Undo Several other developers are expected to add more than 4 million sqft of commercial space in the coming years. 'At least 12 to 13 million sqft of commercial space will be added in the coming years,' VS Sridhar, Executive Managing Director, Tamil Nadu & Kerala & Head GCC Advisory- Operations, Cushman & Wakefield, said. 'This is a major growth corridor after OMR, mainly because it is closer to the city with multiple entry and exit points.'But the stretch, he said, needs last-mile connectivity to reach full potential. 'We need metro connectivity or a Bus Rapid Transit System connecting Pallavaram to Thoraipakkam,' he said. Despite this growth, the civic skeleton hasn't evolved at the same pace. 'The Radial Road may be Chennai's next big growth corridor, but unless the groundwork is strengthened, it risks becoming a case study in how to build skywards without looking down,' said an urban planner. B Vijayalakshmi, founder-president of the Federation of Radial Road Residents Association, said, 'The roads have been dug up for the canal work connecting Narayanapuram Lake to the Pallikaranai marshland. It doesn't even look like a 200-feet road anymore. We have been demanding proper water supply and underground sewage connections for a longtime. This stretch falls under the jurisdiction of Greater Chennai Corporation, Kovilambakkam, and Tambaram corporation. And, hospitals, commercial establishments, and even sewage and water lorries regularly park their vehicles along the roadside.' Daily commuters complain of heavy traffic during peak hours, worsened by limited public transport options. Monsoon flooding is a recurring nightmare due to inadequate stormwater drains. Urban planners warn that uncoordinated growth could choke the very promise of attracting developers. 'With high-profile projects set to bring in thousands of new residents and workers, the demand on roads, water, waste, and transport systems will only intensify. Govt should improve road quality, drainage, and mobility infrastructure before the next wave of developments hit the ground,' said a senior planner.

ECS/NACH return charges: Meaning, penalties and how to avoid them
ECS/NACH return charges: Meaning, penalties and how to avoid them

Mint

time2 days ago

  • Mint

ECS/NACH return charges: Meaning, penalties and how to avoid them

In the nation's rapidly evolving and digitising financial landscape, automated payment systems such as Electronic Clearing Service (ECS) and National Automated Clearing House (NACH) have become extremely vital and indispensable for recurring payments for services along with other related transactions. Still, in cases when these payments fail due to one reason or the other, customers are often hit with hefty return charges. Hence, in such a situation you should always keep these five essential points in mind to understand and know about ECS/NACH return charges better. The ECS/NACH mandates permit banks and financial institutions to automatically debit funds from your account for regular payments such as EMIs on personal loans, utility bills, mutual fund SIPs along with other similar transactions. Now in cases where such transactions fail, generally due to insufficient funds, technical glitches or incorrect details then a penalty is levied on the account holder. These charges are known as ECS/NACH return charges. The applicable return charges vary widely between different banks and financial institutions. They are also unique to the type of account an individual holds along with the specifics of the financial institution. For example, Axis Bank charges ₹ 500 for first ECS return and ₹ 550 for subsequent ones. Federal Bank on the other hand levies ₹ 250 for the first return and ₹ 500 for subsequent returns in savings accounts. Whereas for overdraft (OD) and cash credit (CC) accounts a fee of ₹ 350 is attracted for the first time and ₹ 750 for subsequent returns. The State Bank of India and Bank of India both charge ₹ 250 per return, with GST added. Now these fees can quickly climb and add up if multiple transactions fail in a single month. That is why as a well aware user of banking services while applying for a personal loan, credit card or any other related services it is your responsibility to be aware of several hidden charges imposed by banks. Do note, charges are imposed on account holders whenever an ECS/NACH transaction fails. Common reasons for these failures include insufficient funds, incorrect mandate details, technical errors. It is also important to acknowledge the fact that these charges are usually non refundable and are directly deducted from the account automatically. On your part as an account holder hence, do take care of your balance and upcoming transactions. So that you never miss out on any payments or none of your pending transactions are withheld or rejected due to insufficient funds, incorrect mandates etc. Given each charge may seem small individually still, multiple failed transactions can result in significant penalties. For example, if four SIPs of ₹ 500 each fail due to insufficient balance, then the total return charges can reach as much as ₹ 2360 after taxes. This figure is far exceeding the original investment amount in some cases. This can easily disrupt financial plans, long term wealth creation strategies and even strain your budget. Maintain sufficient balance in your account at least a day before any scheduled debit to prevent failed transactions. Track your payment schedules regularly so you're aware of upcoming ECS/NACH debits and avoid last-minute surprises. Update mandate details promptly if you change your bank account, contact info, or switch to a new service provider. Set up alerts and reminders through SMS or mobile banking to stay notified about low balances or due payments. Cancel inactive mandates by visiting your bank and submitting a written request, especially for services you no longer use. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.

Small-cap stock with just ₹57 crore market cap secures ₹16.3 crore ECS orders. Details here
Small-cap stock with just ₹57 crore market cap secures ₹16.3 crore ECS orders. Details here

Mint

time5 days ago

  • Mint

Small-cap stock with just ₹57 crore market cap secures ₹16.3 crore ECS orders. Details here

Small-cap stock in focus: Shares of Rulka Electricals, a small-cap company, hits the 5% upper circuit limit in Monday's intraday session, June 16, to reach the day's high of ₹ 136.50 apiece, after the company announced it had secured multiple new orders for Electrical Contracting Services (ECS). In an exchange filing today, the company informed investors that it received fresh orders worth ₹ 16.34 crore from various clients. It secured two warehouse-related contracts from a prominent real estate company in Bengaluru, Karnataka, which is valued at ₹ 5.50 crore, involves the procurement and setup of transformers, DG sets, and internal and external electrical fittings for a warehouse. The second order, worth ₹ 7.9 crore, includes procurement and installation of LV FAPA firefighting systems for another warehouse project. Additionally, the company bagged an order in the industrial segment in Thoothukudi, Tamil Nadu, from a private real estate consulting firm. The 12-month contract, worth ₹ 2.93 crore, covers procurement, installation, testing, and commissioning of LT panels, LT cables, cable trays, and fixtures, as per the company's exchange filing. The combined order value of ₹ 16.34 crore is equivalent to 29% of the company's market capitalization of ₹ 57 crore as of June 16. In its recent investors' presentations filing, the company said it had expanded client base and secured orders across key Indian states during FY2024-25, including Tamil Nadu, Uttar Pradesh, Madhya Pradesh, Haryana, Gujarat, Andhra Pradesh, and Telangana, particularly in the warehousing and retail segments, ending the fiscal year with an order book of ₹ 163.28 crore. On the financial front, Rulka Electricals reported a revenue of ₹ 79.47 crore in FY25, up from ₹ 70.98 crore in the same period last year. However, net profit declined to ₹ 2.26 crore from ₹ 4.37 crore due to margin pressures. Despite maintaining growth momentum in FY25, the company faced significant margin pressure from rising input costs, higher labor expenses, increased compliance costs, and non-scalable overheads during the execution of large-scale projects. Looking ahead to FY26, Rulka said its strategic priorities include cost optimization through streamlined procurement and automation, expansion into renewable energy and smart infrastructure, financial restructuring, and a focus on broadening its geographic and client footprint to capture high-value projects across new states.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store