09/07/2025

Overview of the Legislative Amendment The Maharashtra government has introduced a bill in the state assembly to amend the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971. The amendment seeks to strengthen the role of the Slum Rehabilitation Authority (SRA) by empowering it to recover outstanding dues, such as unpaid transit rent, from developers as arrears of land revenue...

RBI Tightens Lending Norms to Ensure Transparency The Reserve Bank of India (RBI), in a major policy move aimed at improving credit accessibility and fairness in lending, has banned foreclosure charges on floating-rate loans extended to individuals and micro or small enterprises (MSEs). The new directive, issued on July 8, 2025, will be effective from January 1, 2026. It applies to all new and...