Latest news with #Rs.5
Hans India
13 hours ago
- Politics
- Hans India
NHRC takes suo motu cognizance of Kuppam woman's public assault
TIRUPATI: The National Human Rights Commission (NHRC) has taken suo motu cognizance of a shocking incident in Narayanapuram village of Kuppam mandal, Chittoor district, where a woman was tied to a tree and assaulted in front of her son over an unpaid loan. The commission described the act as a serious violation of human rights and issued notices to the Chief Secretary and the Director General of Police (DGP) of Andhra Pradesh, seeking a detailed report within two weeks. The NHRC also acknowledged the formal complaint submitted by Tirupati MP M Gurumoorthy and said it has been clubbed with the suo motu case. The Commission warned that it is the state government's responsibility to ensure that such inhuman acts are not repeated and emphasised the need for accountability and preventive measures. The incident, which took place on June 16, involved a woman named Sirisha, whose husband had reportedly absconded after taking a loan, leaving behind his wife and three children. In his absence, the creditors allegedly tied Sirisha to a tree and beat her in front of her minor son, triggering widespread outrage.V The case drew immediate attention from Chief Minister N Chandrababu Naidu, who represents the Kuppam constituency in the State Assembly. He condemned the incident and directed officials to take stringent action. The police arrested those involved and booked them under multiple sections of the BNS. In response to the incident, the State Government has announced a financial assistance package for the victim. Sirisha was granted Rs.5 lakh in aid, and the government has pledged to take responsibility for her children's education. Additionally, she will be allotted 50 cents of land within Kuppam municipality limits to help her rebuild her life.
United News of India
21 hours ago
- Politics
- United News of India
India increasingly experiencing BJP's development model: PM Modi
Bhubaneswar, June 20 (UNI) Prime Minister Narendra Modi on Friday said the country has increasingly 'experienced the BJP's development model", pointing to the recent trajectories of Assam, Tripura and, most recently, Odisha. Addressing a rally marking the first anniversary of Odisha's BJP government, the Prime Minister contrasted the 'previous regime's model of governance—marked by delay, obstruction, derailment and corruption' with what he called a decade of 'good governance that makes people's lives easier". Highlighting the Eastern India as a case study, Modi said a decade ago Assam was mired in instability, separatism and violence. "Today the guns have fallen silent and Assam is out‑pacing many other states on several parameters,' he said. In Tripura ,the Prime Minister said after decades of Left rule, Tripura 'lagged on every development indicator,' from crumbling infrastructure to unresponsive administration. Now, Modi argued, it has become 'a symbol of peace and progress.' Coming to Odisha , he said, it had long wrestled with widespread corruption, red‑tapism and poor infrastructure, leaving many regions behind. 'Over the past year we have worked with full resolve to change that reality,' he declared. Modi credited the union‑and‑state 'double engine' approach for a spate of projects worth 'thousands of crores' inaugurated on Friday. This model, he said, is delivering twin benefits: He said lakhs of poor families in Odisha previously excluded from Ayushman Bharat now receive coverage under both the Ayushman Bharat Jan Arogya Yojana and Odisha's Gopabandhu Jan Arogya Yojana. Nearly three crore Odias are eligible for cash‑free treatment—inside and outside the state—and more than two lakh patients have already availed themselves of the scheme in hospitals across a dozen states. Under Pradhan Mantri Vaya Vandana Yojana, over 23 lakh senior citizens (70+) in Odisha can claim up to Rs.5 lakh in free medical care, significantly easing household health costs. Modi said the farmers in Odisha now receive combined assistance under PM‑KISAN and the state's complementary schemes. The higher paddy procurement prices, promised last year, have already benefited lakhs of cultivators, Modi said. The Prime Minister lamented that tribal communities had been kept 'in poverty and deprivation for decades' and 'used for political gain' by earlier governments, which in turn fueled Naxalism. 'Our model brings development to these regions instead of driving them toward violence and oppression,' he asserted. UNI DP RN
India Gazette
2 days ago
- Politics
- India Gazette
Odisha: BJP MP Aparajita Sarangi to build coaching institutes with
Bhubaneswar (Odisha) [India], June 19 (ANI): Bharatiya Janata Party leader and Bhubaneswar MP Aparajita Sarangi will be building coaching institutes, which double as a library and reading centre in Odisha's Khorda district will be funded through a newly devised 'convergence model' for proper utilisation of the Members of Parliament Local Area Development Division (MPLAD) funds. Sarangi said that she will also be teaching at these institutes on a volunteer basis. Under the convergence model devised with the Khordha District Collector, half or more of the funds needed for development projects will be provided through MPLAD, and the other half will come from various central and state government schemes. 'I have devised a convergence model to properly utilise MPLADs (Members of Parliament Local Area Development Division) funds. We have decided to build a coaching institute that doubles as a library and reading centre, each in the eight blocks under my constituency. Each will cost Rs 53 lakh. Rs 30 lakh have been contributed through MPLADs by me. The remaining Rs 23 lakh will come from four different central and state government schemes, contributed by the DC,' Sarangi told ANI on Wednesday. The BJP MP has also said that she wants to build libraries in each of the 156 Panchayats in her constituency, with half of the cost being given through MPLAD and the other half funded through schemes. 'Additionally, we want a library worth Rs 10 lakh in each of the 156 Panchayats under my constituency... I would contribute Rs 5 lakh, and the DC will contribute the remaining Rs 5 lakh from different schemes... The local youth organisations or senior citizens welfare organisations will manage these libraries... All of this will be free of cost... Once this project is successful, we will document it properly. It should be a model at the national level,' she said. Under the MPLAD schemes, each MP has the choice to suggest to the District Collector for works to the tune of Rs.5 Crores per annum to be taken up in his/her constituency. Notably, the Rajya Sabha Members of Parliament can recommend works in one or more districts in the State from where he/she has been elected. (ANI)
Business Recorder
7 days ago
- Business
- Business Recorder
Karachi, Hyderabad uplift packages: ECC approves Rs20bn non-lapsable funds thru PIDCL
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved non-lapsable funds of Rs 20 billion under Karachi and Hyderabad Urban Infrastructure Development Packages through Pakistan Infrastructure Development Company Limited (PIDCL), well informed sources told Business Recorder. Ministry of Housing & Works has briefed the ECC that the Prime Minister of Pakistan had directed that the special development packages for Karachi at a cost of Rs.15 billion and Hyderabad at a cost of Rs.5 billion be prepared to address the pressing development demands of both the cities as federal government initiatives, which were duly reflected in federal PSDP 2024-25 with substantial allocations. In this regard it was stated that PIDCL was a company registered under Section 32 of the Companies Act 2017, and was recently transferred from M/oPD&SI. The company was established for executing Green Line project in Karachi. PIDCL's mandate had been expanded to cover entire Pakistan and had been entrusted execution of special packages and some of erstwhile PWD projects, without concomitant wherewithal. PIDCL had also been assigned the task for execution of Development Schemes Hyderabad Package (PSDP number 223) and Karachi Package (PSDP number 222) vide Ministry of Planning, Development and Special Initiatives letter of April 15, 2025. Rs137bn uplift package for Lahore approved by CM A summary in this regard was moved to ECC on May 20, 2025 through M/o Finance with the request for: (i) Technical Supplementary Grant (TSG) of Rs.15 billion for Karachi and Rs.5 billion for Hyderabad; and (ii) to keep the fund available for timely execution, the PIDCL may be allowed for depositing the said fund in non-lapsable accounts. Finance Division had issued concurrence for the TSG. However, since no advice was tendered on non-lapsability, another request has been sent to Ministry of Finance. Ministry of Planning Development and Special Initiatives, in its letter of May 23, 2025 replied to the Finance Division that Finance Division may take further action for surrender of revised allocation of Rs.20 billion of projects PSDP number 223 and PSDP number 222 reflecting under Finance Division as per revised PSDP in favour of Ministry of Housing and Works for further processing the case as per procedure. In the light of response received from PD&SI Division, Finance Division, in a letter of May 26, 2025 had agreed that Finance Division does not have any objection to surrender an amount of Rs.15 billion from PSDP Project titled Karachi Urban Infrastructure Development Package, PSDP number 222 and Rs.5 billion for the project tilted: Hyderabad Urban Infrastructure Development Package, PSDP number 223 from Finance Division's Demand No.109-Other Development Expenditure, in favour of Ministry of Housing and Works demand 130-Capital Outlay on Civil Works. Approval of the ECC was solicited for the following: Ministry of Housing and Works may be allocated the surrendered funds amounting to Rs.15 billion from PSDP project, titled: Karachi Urban Infrastructure Development Package, and Rs.5 billion from the project titled: Hyderabad Urban Infrastructure Development Package through Technical Supplementary Grant from Finance Division's Demand No. 109-Other Development Expenditure, in favour of Ministry of Housing and Works' Demand 130- Capital Outlay on Civil Works; and to keep the fund available for timely execution, the PIDCL may be allowed for depositing the said fund in non-lapsable accounts. During the ensuing discussion, Finance Division endorsed the proposal with the condition that out of total requested funds of Rs. 15 billion for the Karachi Urban Infrastructure Development Package, Rs. 10 billion will be allocated to the Ministry of Housing and Works from the surrendered funds of PSDP project No 222, while the remaining Rs. 5 billion will be arranged by the Ministry of Housing and Works through internal adjustment of their existing budgetary resources. It was also explained that the matter had already been discussed by the Steering Committee on Sustainable Development Goals Achievement Programme in its meeting held on June 2, 2025, and it had been decided that the PIDCL will execute the SDG projects under the same arrangements as was done by the erstwhile Pak PWD. Copyright Business Recorder, 2025
Fashion Value Chain
06-06-2025
- Business
- Fashion Value Chain
Key Things to Know Before Applying for a Gold Loan in India with Bajaj Finance
Applying for a gold loan in India has become one of the fastest and most convenient ways to access funds. Many people turn to gold loans for quick financial support without having to sell their precious gold jewellery. Bajaj Finance offers a reliable and secure option through its trusted service – Bajaj Finserv Gold Loan. The process is simple, documents are minimal, and the interest rates are competitive. Bajaj Finserv Gold Loan Before applying, it is important to understand how gold loans work, what documents are required for gold loan, and how Bajaj Finance makes the process quick and transparent for customers. Understanding how gold loans work A gold loan in India is a type of secured loan where gold jewellery is pledged as collateral. Bajaj Finance offers a loan amount, starting from Rs.5,000 to Rs.2 crore, based on the purity and weight of the gold pledged. The purity of the gold, the set LTV ratio and the prevailing gold price determines how much one can borrow. Once the gold is deposited at the branch and its purity is tested, the gold loan in India is approved quickly, and funds are disbursed often on the same day, directly to the borrower's bank account. The gold remains safe with a complementary insurance of gold that keeps the jewellery covered against theft and misplacement. Bajaj Finance stores it in a secure vault until the loan is fully repaid. Who can apply for a gold loan Applying for a gold loan in India with Bajaj Finance is easy and inclusive. Here are the eligibility conditions The applicant should be an Indian citizen The age of the applicant should be between 21 and 70 years The applicant must have 18-22 karat gold jewellery to pledge There is no requirement for income proof, making it accessible for homemakers, farmers, and self-employed individuals as well. Documents required for gold loan Bajaj Finance has kept the paperwork simple. Borrowers just need any one of the following KYC documents Aadhaar card Voter ID Passport Driving licence NREGA job card Letter from the National Population Registration There is no need for salary slips, income tax returns, or property papers. This ease of paperwork helps customers complete the process faster. Though it is important to note that for loans over Rs.5 lakh, submission of PAN Card details may be required. Know the interest and repayment options The interest rate plays a major role in any loan. Bajaj Finserv Gold Loan offers competitive interest rates, depending on the loan amount and repayment plan chosen by the customer. Bajaj Finance offers multiple repayment options, including Borrowers can choose to pay interest monthly, bi-monthly, quarterly, half-yearly, or annually. They can select a payment schedule that suits their convenience. The principal loan amount is payable at the end of the loan tenure. Any remaining interest, if not paid earlier, will also be due at the time of loan maturity. The loan tenure can range from 1 day to 12 months, giving customers the freedom to choose what works best for them. Conclusion A gold loan in India is a practical way to raise quick funds without selling precious assets. With minimal paperwork, quick approval, and convenient repayment options, Bajaj Finserv Gold Loan offers a seamless experience for customers from all walks of life. By understanding the documents required for gold loan and how the process works, one can apply with full confidence. Bajaj Finance continues to make gold loans accessible, safe, and quick for everyone across India. T&C Apply. About Bajaj Finance Limited Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 80.41 million customers. Bajaj Finance has a credit rating of AAA/Stable for its Fixed Deposit program from CRISIL and ICRA, AAA/Stable for long-term borrowing from CRISIL, India Ratings, CARE and ICRA, and A1+ for short-term borrowing from CRISIL, India Ratings and ICRA. It has a long-term issuer credit rating of BBB-/Stable and a short-term rating of A-3 by S&P Global ratings. To know more, visit
