New Delhi’s water crisis spotlights threat to India’s booming economy as climate change takes toll
India’s capital, New Delhi is caught in two extremes of a water crisis.
Biman Mukherji in asian news
Asia can climate-proof its economic destiny by weathering the storm together
However, relief appears to be on the way after unprecedented summer heatwaves. Monsoon rains in the Indian subcontinent have picked up in July, likely erasing a rain deficit that parched fields in the world’s top rice supplier.
Modi’s Russia visit a sign of India’s unresolved tensions with China, analysts say
Indian Prime Minister Narendra Modi has confirmed a two-day visit to Russia, following his decision to skip a regional summit where Chinese President Xi Jinping is in attendance.
India’s stocks soar as investors bet big on Modi 3.0. Will the optimism last?
Market players have largely shrugged off worries about the government’s stability. On Wednesday, the Sensex rose to a historic 80,000 before slipping back below that level on Friday amid profit-taking and a dip in loan drawdowns by India’s top private lender, HDFC Bank. Even so, the index has still gained 11 per cent over the past six months.
India banks on US$9 billion mega port to reboot its Europe trade corridor plans
The deepwater facility being built in Vadhavan, western India’s Maharashtra state, for 762 billion rupees “will be an integral part of the India-Middle East-Europe Economic Corridor”, Information and Broadcasting Minister Ashwini Vaishnaw told reporters on June 19.
India’s Rahul Gandhi named official leader of the opposition in boost for ‘robust democracy’
The decision to name Rahul Gandhi the official leader of the opposition in India’s parliament signifies a potential revitalisation of the country’s “robust democracy”, with analysts suggesting this move could balance the political landscape after a decade without a strong opposing voice in the government.
Generative AI set to take off in Asia this year as more companies roll out pilot projects
“We believe this year is when a lot more momentum will be gained, with some of these [initiatives] becoming bigger in terms of projects,” Siva Ganesan, head of AI cloud business unit at Tata Consultancy Services (TCS), told This Week in Asia.
Alarm bells for climate as ‘unthinkable’ Opec move sets stage for oil glut
The voluntary output cuts by Opec+ members were expected to be extended until the end of this year, but the consortium announced earlier this month it would gradually phase out its cuts of 2.2 million barrels per day over the course of a year, starting in October, to appease some members.