Day: 28 October 2024

Developers Raise INR 12,801 Cr in 9M2024 Via QIP Route

Vijay Raman

  B/w Jan.-Sept. 2024, Qualified Institutional Placements (QIP) issuance across all sectors scaled a record high of INR 75,923 Cr, with real estate comprising a 17% share – 2nd highest after renewable energy 6 developers collectively raised INR 5,275 Cr via IPOs since 2021; Macrotech (Lodha) alone raised nearly INR 2,500 Cr Enhanced financial strength boosts developers' launch rate – approx. 13.62 lakh units launched in top 7 cities b/w 2021 to 9M 2024 Robust sales – approx. 14.36 lakh units sold in this period across top 7 cities; unsold inventory in…

Read More

Indian Railway and MWCD issues better SOPs to prevent child abuse, trafficking

Vijay Raman

On October 25, 2024, Indian Railways, in collaboration with the Ministry of Women and Child Development (MWCD), launched a revised Standard Operating Procedure (SOP) aimed at enhancing the protection of vulnerable children who come into contact with railway services. This updated procedure stems from the need to provide a comprehensive framework that safeguards children potentially at risk of exploitation and trafficking, especially those who may be separated from their families while traveling by train. In conclusion, the revised SOP represents a significant step forward in the Indian Railways’ ongoing commitment…

Read More

95% of Land Records in Rural India Digitized

Vijay Raman

As of 2023, approximately 95% of land records in rural India have been digitized as part of the Digital India Land Records Modernization Programme (DILRMP), an initiative launched by the Indian government to enhance the efficiency and transparency of land management. This impressive feat encompasses over 6.26 lakh villages, significantly transforming the process of land ownership documentation and management since its inception in 2016. This digitization is not merely about modernizing records; it supports economic growth and stability, empowering marginalized communities by improving access to land rights and eliminating bureaucratic…

Read More