-Livemint.com By 2036, 600 million people will be living in urban cities in India, representing 40% of the population and this is likely to put additional pressure on the already stretched urban infrastructure and services of Indian cities, New Delhi: Indian cities will require an investment of $840 billion in the areas of infrastructure and municipal services till 2036 to meet the needs of its fast-growing urban population, said a report by...

-Press release by World Bank dated November 14, 2022 NEW DELHI: A new World Bank report estimates that India will need to invest $840 billion over the next 15 years—or an average of $55 billion per annum—into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population. The report, titled “Financing India’s Urban Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action” underlines the...

-The Hindu Consumer demand started to decline before the pandemic and worsened after outbreak In September, Finance Minister Nirmala Sitharaman was anguished that industry was holding back from investing in manufacturing despite a significant cut in corporate tax rates in 2019. The slowdown in corporate investment did not happen because companies were making losses. In fact, private companies, boosted by considerable tax cuts, made windfall profits. A State Bank of India analysis shows...

-The Telegraph In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a research note.   In the report, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank...

-The Hindu How significant is the development of the Dhara Mustard Hybrid-11 (DMH-11)? Why are some activist groups opposing the commercial release of the crop? What are their allegations? How many transgenic crops are commercially cultivated in India? The story so far: The Genetic Engineering Appraisal Committee (GEAC), India’s apex regulator of genetically modified plants and food products, has approved the environmental release of Dhara Mustard Hybrid-11 (DMH-11), a genetically-engineered variant of...