Mumbai: Numerous waterways in the city and the surrounding metropolitan area have been shut down over the past 30 years. These routes were shut down because of insufficient passengers and high ticket prices. The state government plans to initiate 10 new waterways in the Mumbai metropolitan area. These consist of four pathways linking Navi Mumbai International Airport.

The primary goal of this waterway is to alleviate traffic congestion and boost income from coastal shipping. Officials stated that Kochi Water Metro, which manages internal waterways in the Kochi region, will draft a comprehensive project report for the planned 10 routes.

The consulting company needs to conduct several analyses, including a survey of passenger boarding and alighting, an impact assessment near the suggested jetty, a passenger usage survey for that region, a household and preference survey, an analysis of travel demand, terminal facility planning, and a conceptual design of the terminals.

At present, waterways are functioning on 21 routes within the Mumbai metropolitan area. According to officials, these routes have been in operation for many years and primarily cater to the local residents near the jetty. In 1992-93, Damani Shipping Company was tasked with launching hovercraft services from Gateway of India-Navi Mumbai to Juhu and Girgaum Chowpatty along the west coast. Nonetheless, both routes were shut down because of elevated fares.

Over the next few decades, tenders for water transport services were issued repeatedly, but in most cases, the services never commenced. In 2003, Satyagiri Shipping was awarded the contract by the Maharashtra State Road Development Corporation to initiate water transport services along the city’s west coast.

In 2010, Pratibha Industries was awarded the contract to commence water transport services from Nariman Point to Borivali. In 2015, a bid was announced for ferry services connecting Belapur and Nerul. All contracts were terminated since the ferry services did not commence under any circumstances

New Delhi: With the Goods and Services Tax (GST) reforms, banks expect increased credit demand across retail, MSME, and agricultural segments as incomes rise and business investment picks up.

According to Ajay Kumar Srivastava, MD and CEO, Indian Overseas Bank, the reform will create a strong effect across the economy, leading to improved cashflows for distributors and retailers, greater working capital access for small businesses, and expanded credit requirements amid rising demand.

“Overall, this decision acts as a catalyst for inclusive growth and economic transformation aligning itself to India’s vision of Viksit Bharat”, said Srivastava. This move makes taxation more transparent and easier to follow. “We expect these measures will drive an estimated growth in consumption over 8-10 per cent in the next two quarters in rural markets, particularly benefiting farmers through reduced costs on agricultural products where GST has been brought down from the 12 per cent to 5 per cent,” according to Srivastava.

The price cuts on daily essentials like dairy products, household items, and consumer durables will provide more relief and reduce the burden to the consumers. The reduced GST on vehicles, electronics, and housing materials will create demand for these segments, while making insurance policies completely tax-free will enhance financial inclusion.

According to Sanjay Agarwal, Senior Director, CareEdge Ratings, GST rate cuts result in a decrease in the final price of goods and services, which enhances consumer purchasing power and could stimulate demand across various sectors.

The impact is generally visible in the consumer durables segment. Lower GST rates on automobiles, electronics, and appliances not only make these products more affordable but also expand the addressable market to include price-sensitive consumers who were previously priced out.

“Banks could see an increase in auto loans, personal loans for electronics purchases,” he mentioned. Outstanding housing loans, vehicle loans, credit card and consumer durables account for around 16.7 per cent, 3.5 per cent, 1.6 per cent and 0.1 per cent of banking credit, respectively.

Mumbai: In a swift and coordinated operation, the Mumbai Crime Branch has arrested a 50-year-old man from Noida, Uttar Pradesh, within 24 hours after he allegedly threatened to blow up the city using human bombs and 400 kg of RDX explosives.

According to officials, on September 4, 2025, at 2:57 pm, an unidentified person sent a WhatsApp message to the government-issued mobile number of the Mumbai Traffic Control Room in Worli. The message claimed that a massive terror attack would be carried out in Mumbai using human bombs and explosives.

The threat, which came amid the backdrop of Ganesh Visarjan celebrations in the city, was taken very seriously given the potential to disrupt law and order. Acting swiftly, the Crime Branch used technical investigation and intelligence-based tracking to trace the accused. With assistance from Gautam Buddh Nagar Police in Noida, the suspect — Ashwinikumar Sureshkumar Supra (50) — was arrested. The mobile phone used to send the threatening message has also been seized.

The case has been registered under Sections 196(1)(A)(B), 351(2), 351(3) of the Bharatiya Nyaya Sanhita (BNS) at Worli Police Station.