India introduces first-ever 50-year bonds
ECONOMY & POLICY

India introduces first-ever 50-year bonds

The Reserve Bank of India, in a borrowing plan released, stated that the new bond had been introduced, thereby extending the nation's yield curve, in addition to the 30-year and 40-year tenor debt previously sold. India's $ 1 trillion sovereign debt market is undergoing significant changes due to the burgeoning life insurance and pension fund industries, fuelled by a growing middle class. This shift is reducing the government's reliance on bank purchases to fund its record borrowings, a move supported by the strong demand from investors. Gaura Sen Gupta, an economist at IDFC FIRST Bank, noted in a statement that the robust investor demand could be attributed to the formal sector's expansion, where households are allocating a higher share of financial savings in life insurance, pensions, and provident funds. The authorities are striving to increase the tenure of debt sold. This initiative is fuelled by the anticipation of declining yields following India's inclusion in JP Morgan Chase & Co.'s emerging market index.

The Reserve Bank of India, in a borrowing plan released, stated that the new bond had been introduced, thereby extending the nation's yield curve, in addition to the 30-year and 40-year tenor debt previously sold. India's $ 1 trillion sovereign debt market is undergoing significant changes due to the burgeoning life insurance and pension fund industries, fuelled by a growing middle class. This shift is reducing the government's reliance on bank purchases to fund its record borrowings, a move supported by the strong demand from investors. Gaura Sen Gupta, an economist at IDFC FIRST Bank, noted in a statement that the robust investor demand could be attributed to the formal sector's expansion, where households are allocating a higher share of financial savings in life insurance, pensions, and provident funds. The authorities are striving to increase the tenure of debt sold. This initiative is fuelled by the anticipation of declining yields following India's inclusion in JP Morgan Chase & Co.'s emerging market index.

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Infrastructure Transport

Locals urge CM to opt for road bypass over flyover at Dandeavaddo

Chinchinim villagers respectfully requested Pramod Sawant, Chief Minister, to instruct the Public Works Department (PWD) and the National Highway authorities to construct a road bypass instead of a flyover on the Dandeavaddo stretch of NH66. The villagers, led by Sarpanch Frank Viegas and Velim MLA Cruz Silva, also raised the long-standing issue of building the Chinchinim Panchayat Ghar and a multi-purpose project on panchayat land that was acquired more than 15 years ago. The delegation met the Chief Minister at the St. Sebastian Chapel junction in Chinchinim as he was returning home from a..

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Infrastructure Transport

MLA Yashpal Suvarna Announces Malpe-Udupi Highway Construction from Nov 6

MLA Yashpal Suvarna instructed officials to commence work on the Malpe-Udupi Highway on Wednesday. A meeting took place, attended by MP Kota Shrinivas Poojary, Udupi MLA Yashpal Suvarna, and Kaup MLA Suresh Shetty Gurme, to discuss the National Highway 169A project, which spans from Malpe to Udupi, covering areas like Hiriyadka, Parkala, and Perdur. The project had experienced delays due to incomplete land acquisition, but compensation notices have now been issued to the landowners. Of the 214 land acquisition files, 19 pertain to government land, while 195 involve private owners. Notices ha..

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Infrastructure Transport

NHAI to build flyover and underpass on Jaipur's 200-Feet bypass

Following a recent survey, the National Highways Authority of India (NHAI) decided to construct a flyover and an underpass at the 200-Feet Bypass crossing, known to be one of the city's most congested areas. The Union Ministry of Road, Transport and Highways (MoRTH) is expected to float tenders for the project in January of the following year. Once construction begins, it is projected to take approximately one and a half years to complete. NHAI plans to submit a detailed project report (DPR) within the next two months. Ajay Arya from NHAI explained that the initiative aims to alleviate tra..

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