
Doon residents upset over lack of transparency in beautification projects
Tired of too many ads? go ad free now
Dehradun Smart City Limited (DSCL) is executing landscaping and beautification efforts at Dilaram Chowk, Clock Tower, Sai Mandir Chowk, and Kuthal Gate, in addition to drainage upgrades at ISBT. According to officials, the projects, estimated to cost Rs 10 crore, aim to transform available spaces with modular designs that not only enhance cleanliness but also attract tourists. Sources told TOI that these projects were assigned to DSCL to utilise leftover funds after the dissolution of Smart Cities Mission by March 31 this year.
"Extensive beautification was already carried out just a year and a half ago for the Global Investors' Summit, costing taxpayers lakhs. Now we're starting from scratch again instead of maintaining existing work. This is a blatant misuse of resources," said social activist Anoop Nautiyal.
He also criticised the lack of public engagement. "Citizen involvement was completely absent from the process. If plans were shared publicly, feedback and suggestions could be included.
Lakhs were spent to build Brahmakamal Chowk, only to dismantle it later. The Clock Tower has undergone multiple redesigns in recent years. This culture of working in silos is disappointing, and authorities must change their mindset," Nautiyal added.
Administrative officials, however, claim that the revamped landmarks will reflect local 'pahadi' aesthetics and will help streamline traffic with new slip roads and signals.
Tired of too many ads? go ad free now
"Most of the work will be done by the end of June," said DSCL ACEO Tirath Pal. The only major active Smart City project remaining in Dehradun after this is the Rs 206 crore Green Building initiative.
Meanwhile, civic bodies also voiced concerns, particularly as the Clock Tower area falls under the jurisdiction of Dehradun Municipal Corporation (DMC). "Multiple agencies working independently often lead to coordination and maintenance issues, as we've seen with previous projects," said a senior DMC official, speaking on the condition of anonymity.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
30 minutes ago
- Business Standard
IRB InvIT to acquire 3 road assets worth ₹8,436 cr from IRB InvIT Fund
IRB InvIT Fund, the publicly listed infrastructure investment trust (InvIT) sponsored by IRB Infrastructure Developers, is set to acquire three road assets at an enterprise value of Rs 8,436 crore from IRB Infrastructure Trust, the sponsor's privately held InvIT. The unitholders of the public InvIT have given their approval to the proposed acquisition of the 100 per cent equity share capital of three special purpose vehicles (SPVs)—Kaithal Tollway Limited, IRB Hapur Moradabad Tollway Limited, and Kishangarh Gulabpura Tollway Limited—from the private InvIT, with a majority of 96 per cent. The transaction was first announced in May this year. The unitholders also approved a fundraise of up to Rs 5,000 crore to undertake the proposed acquisition and the appointment of the sponsor as the project manager of the InvIT to carry out the operations and maintenance (O&M) activities of the three SPVs. These SPVs operate certain stretches of road projects on a design, build, finance, operate and toll (DBFOT) basis and are located in the states of Rajasthan and Uttar Pradesh, spanning approximately 1,800 lane kilometres. The public InvIT and the private InvIT executed a binding term sheet on 30 May 2025 for the acquisition. The proposed acquisitions are subject to the necessary regulatory approvals and compliances and will increase IRB Infrastructure Developers' O&M order book by approximately Rs 3,100 crore. Earlier, in a conversation with Business Standard, an IRB executive had said that IRB Infrastructure Developers aims to unlock capital through an asset transfer strategy between its two InvITs—one private and one public—to bid for toll-operate-transfer (TOT) projects. IRB's private InvIT serves as the development platform for the IRB Group. 'The private InvIT will bid for assets, take on construction risk, and stabilise the asset. Once stabilised, the asset will be transferred to the public InvIT, which will generate a margin of 300 to 400 basis points, typically translating to two times price to book,' said Anil Yadav, director, investor relations, IRB Infrastructure Developers.
&w=3840&q=100)

Business Standard
32 minutes ago
- Business Standard
Expense ratios: a quite wealth killer which eats up your mutual fund gains
Imagine two friends, Ramesh and Neha, who each invested Rs 10,00,000 in mutual funds 20 years ago. Ramesh chose a fund with a 2 per cent expense ratio, while Neha opted for one with a 0.5 per cent ratio. Both funds delivered the same gross return of 10 per cent annually. Today, Neha's portfolio is worth around ~62,00,000, about ~15,00,000 more than Ramesh's. A huge difference, right. Actually, expense ratio fees nibbled into Ramesh's wealth over the course of 20 years. This quiet wealth killer is the expense ratio, the annual fee charged by mutual funds. For most mutual fund investors, expense ratios are an often-overlooked detail. But experts warn that these fees can have a significant impact on long-term returns, especially when compounded over decades. Why do expense ratios matter? 'Expense ratios are the annual fees that mutual funds charge for managing your money. These may range from 0.2 per cent to around 2 per cent,' says Arjun Guha Thakurta, executive director at Anand Rathi Wealth. While passively managed index funds tend to have lower expense ratios (0.2 per cent-0.7 per cent), actively managed funds can go as high as 2 per cent. 'Over the long term, even a 1 per cent difference in costs can erode wealth substantially. If a fund consistently delivers returns above its benchmark, a higher expense ratio may be justified. Otherwise, that extra 1 per cent is simply a drag on your wealth,' Thakurta explains. Navy Vijay Ramavat, managing director at Indira Group, agrees. 'Expense ratios are deducted daily from fund assets, reducing NAV and lowering returns. For example, a fund generating 10 per cent returns before expenses with a 2 per cent expense ratio delivers only 8 per cent net returns. Over 20 years, that small difference could result in ~267000 less wealth per ~1000000 invested, a 43.6 per cent difference in final accumulation,' he notes. Active vs passive: What's worth paying for? Should investors prioritise low-cost index funds to minimise expenses? Not always, Thakurta says. 'In a developing market like India, small and midcap companies offer significant growth potential. Here, active funds, despite higher costs, may justify their fees if they generate consistent alpha.' Ramavat suggests a balanced approach. 'For core portfolio allocations, low-cost index funds can provide broad market exposure at minimal cost. Active funds can be used selectively in niche segments where managers have a proven ability to outperform.' What's considered high or low? As a rule of thumb, expense ratios below 1 per cent for equity funds and 0.5 per cent for debt funds are considered low in India. Ratios above 1.5 per cent for equity and hybrid funds or 0.75 per cent for debt funds are on the higher side, says Thakurta. Sebi also prescribes upper limits based on fund type and size, providing a regulatory framework to assess reasonableness. Reducing the drag without sacrificing returns 'Switching from regular to direct plans can shave off 0.3 per cent to 0.7 per cent annually, adding up to meaningful savings over time,' Ramavat points out. He also recommends using a core-satellite portfolio, combining low-cost index funds for the bulk of investments with carefully chosen active funds in specialised areas. 'Regular monitoring is critical. If a fund's expense ratio increases without an improvement in performance, consider switching,' Ramavat adds. However, he cautions against hasty exits. 'For existing holdings, weigh tax implications before making a move.' The bottom line Expense ratios may look like a small percentage, but their impact on compounding is huge. By making informed choices and ensuring that every rupee paid in fees delivers value, investors can significantly boost long-term wealth creation.


NDTV
36 minutes ago
- NDTV
Mahindra BE 6 And XEV 9e Pack 2 Get 79 kWh Battery Pack; Check Prices
Mahindra has made the 79 kWh battery pack more affordable for the BE 6 and XEV 9e by adding it to the Pack 2 trim of the electric vehicles. This move from the brand seems to be rooted in the consumer demand pattern, which the company has observed after the launch of both SUVs. A while back, the brand had announced that over 75 per cent of total bookings were for the expensive Pack 3 variants, which in the long term would affect the sales volume. The Mahindra BE 6 Pack Two with the 79 kWh battery pack comes at Rs 23.50 lakh (ex-showroom), bringing down the price for the option from Rs 26.50 lakh (ex-showroom). Similarly, for the XEV 9e, the option of a 79 kWh battery pack now begins at Rs 24.50 lakh (ex-showroom), which is a significant reduction compared to the option on Pack 2. This iteration with the 79 kWh battery pack promises a range of up to 500 km, while the 59 kWh version offers 400 km. Also Read: Rolls-Royce Phantom Dentelle: One-Off Luxury Vehicle With Hand-Made Elements Both models in Pack Two come with a list of features, such as a Harman Kardon 16-speaker audio system with Dolby Atmos, a full glass roof, and Level 2 ADAS capabilities. In the XEV 9e, buyers will enjoy a triple-screen wide cinemascope display, while the BE 6 boasts a race-inspired digital cockpit. Additionally, Mahindra is incorporating sage leatherette interiors from Pack Three into the BE 6 Pack Two, complemented by an ivory roof finish for an elevated aesthetic. These electric SUVs are designed with both performance and convenience at their core. With 210 kW of power available in the 79 kWh variant and 170 kW in the 59 kWh version, along with several driving modes, including Boost Mode, they provide an exciting driving experience. Furthermore, the BE 6 and XEV 9e Pack Two models are equipped with superfast charging technology, enabling a 20 to 80 per cent battery recharge in just 20 minutes when using fast DC chargers.