'Over 80% of Delhi can be called encroached, will you demolish all?'
Kejriwal targets BJP over anti-encroachment drive
New Delhi, May 16: Slamming the anti-encroachment drive being carried out in various parts of the city, Chief Minister Arvind Kejriwal on Monday said if bulldozers raze shops and houses of 63 lakh people in Delhi, which are considered illegal, it will be the "biggest destruction" in independent India.
At a meeting with Aam Aadmi Party MLAs on the matter, Kejriwal told them that they should be ready to go to jail for opposing the anti-encroachment drive being carried out by the BJP-led municipal corporations in various parts of Delhi.
"They are reaching colonies with bulldozers and razing any shop and house. Even if people show them papers to prove that the structure is not illegal, they do not check them," he said.
"Delhi has not been made in a planned way. More than 80 per cent of Delhi can be called illegal and encroached. Does that mean you will destroy 80 per cent of Delhi?" he said in an online briefing.
The party is against the way the anti-encroachment drive is being carried out, he said, adding nearly 50 lakh people stay in unauthorised colonies, 10 lakh in 'jhuggis' and there are lakhs of people who have modified balconies or done something that does not conform to original maps.
"That means homes and shops of 63 lakh people will be bulldozed. This will be the biggest destruction happening in independent India," he said.
While noting that the Aam Aadmi Party is against encroachment and wants Delhi to look beautiful, he said razing homes and shops of 63 lakh people will not be tolerated.
"In the last 15 years, the BJP was in power in MCD and took money. Their tenure will be ending on May 18. Do you have constitutional power to take such a big decisions. Let elections happen and let that party take the decision. Everyone knows that the AAP will come to power in MCD," he said.
He assured people that the AAP will solve the problem of encroachment and people residing in unauthorised colonies will get ownership rights.
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ICICI Bank trims hike, lowers min balance requirement to Rs 15,000 from Rs 50,000
New Delhi, Aug 13 (PTI): In a U-turn, ICICI Bank has slashed the minimum monthly average balance (MAB) requirement to Rs 15,000 from Rs 50,000, citing "valuable feedback" from customers.
The minimum balance requirement for its new savings bank accounts opened on or after August 1 was recently raised five times to Rs 50,000.
"Following valuable feedback from our customers, we have revised these requirements to better reflect their expectations and preferences. We thank our customers for their continued trust and feedback, which help us serve them better," ICICI Bank posted on its website.
Similarly, the MAB for semi-urban and rural locations has been revised downwards to Rs 7,500 and Rs 2,500 respectively, it said.
Before August 1, the MAB for semi-urban and rural was Rs 5,000.
However, the bank said the revised MAB requirements are not applicable to salary accounts, senior citizens/pensioners (above 60 years), basic savings bank deposit account/PM Jandhan Yojana, and accounts for people with special needs.
They are also not applicable to savings accounts opened before July 31, 2025.
MAB is the minimum balance that a customer is required to maintain in a bank account. If the balance falls below the required amount, the bank levies a penalty.
In case account holders fail to meet the MAB, customers will be liable to pay penal charges of 6 per cent of the shortfall in required MAB, or Rs 500, whichever is lower.
The balance in the savings bank account of ICICI Bank earns an interest of 2.5 per cent per annum, it said.
The hike in MAB comes at a time when public sector banks have rationalised their penalties or completely waived them.
