-The Hindu Over the past week, floods in Hyderabad have killed 33 people and destroyed property. Swathi Vadlamudi and Syed Mohammed report on how a burgeoning population and rapid infrastructural development have put tremendous pressure on the water bodies of the city, reducing their area, quantity and quality Mohammed Abdul Quddus Qureshi’s body was found at the Nagole sewage treatment plant along the Musi river, 13 km from his home in Alinagar,...

-The Hindu Scheme will be implemented even for borrowers who did not avail moratorium. Three weeks after informing the Supreme Court that the Centre would bear the additional compound interest on loans of up to ₹2 crore availed by retail borrowers as well as micro, small and medium enterprises (MSMEs), the government formally communicated the modalities of the scheme to lenders on Friday. Banks and other lenders, including co-operative banks and non-banking finance...

-The Indian Express In back-to-back moves aimed at controlling onion prices, the government has relaxed import norms and now reintroduced stock limits. Why have prices been rising, and how far can these moves check the rise? With less than a week to go for the Bihar elections, the Centre on Friday reintroduced the stock limit on onions — a move aimed at controlling rising prices, which crossed Rs 80 per kg in...

-The Hindu Business Line Many high-frequency economic indicators are looking good, but must sustain beyond the unlock period, too There has been a sudden surge of optimism in the economy with various high-frequency indicators — PMI numbers, auto production/dispatches, e-way bills generated, GST collections, etc. — showing positive tendencies. So, should we be celebrating? The answer is, yes and no. Yes, because there is something good happening in the economy and hence bodes...

-The Indian Express Over the first half of 2020, while average wealth rose by only 1.7 per cent, Credit Suisse estimated that the full rise for 2020 will be 5-6 per cent and 2021 will see growth of about 9 per cent. The average wealth of Indian adults rose marginally by $120 (about Rs 8,800) to $17,420 (Rs 12.77 lakh) at end-June 2020, as against $17,300 as of December 2019, showing some...