Move could lead to routing long-term insurance and pension funds into India

New Delhi: Delhi will be gaining infrastructure and better transport facilities thanks to the Commonwealth Games but that is coming at a cost. The city lost about 40,000 trees to Metro construction, flyovers and other Games-related projects in the past few years.

NEW DELHI: Non-government organisation Hazards Centre on Wednesday released a study titled “Heritage games: Cleaning up the debris” zeroing in on the enormous financial and socio-environmental impact of the upcoming Commonwealth Games on Delhi.

Land as a resource in any country will always be in short supply as it cannot be created, unlike other resources such as capital or labour. As the Indian economy grows, more land will be required to support the industrial growth, which will further increase the gap between supply and demand.

NEW DELHI: Even as innovative and cheaply priced products targeted at India's booming middle class are helping to spur domestic consumption and growth, this segment of the population remains vulnerable to economic shocks and carefully calibrated policy measures will be needed to sustain income gains in the longer-term, the Asian Development Bank (ADB) has said.

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The ambitious passenger water transport project by the Maharashtra State Road Development Corporation (MSRDC) on the western coast of the city got a major fillip.