India introduces first-ever 50-year bonds

29 Sep 2023 CW Team

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.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..