Labourers work at a construction site on the outskirts of Kolkata. File/ Reuters
The growth of urbanisation in India has resulted in increasing pressure on the housing sector as well as the basic urban infrastructure and services provided in the cities.
The move comes at a time when India is staring at the highest ever tax collection shortfall, as corporate and income tax collection for this fiscal year is set to fall for the first time in at least two decades and the goods and services tax revenue could see a gaping shortfall.
India’s federal government on Thursday asked state administrations to raise $32 billion in loans, as part of a proposal to cover a shortfall in fiscal receipts that could see a surcharge on the country’s luxury goods tax extended beyond 2022.
It was a diplomatic breakthrough. Five American prisoners in Iran, three of them Iranians with American citizenship, and two unnamed Americans have been released in exchange for five Iranians in American prisons, and de-freezing of $6 billion Iranian fund in South Korea. The response to the development in the US carried political
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