India facing “extremely high” water stress, says Report

Agencies
August 6, 2019

New Delhi, Aug 6: India is among the 17 countries, which are a home to a quarter of the world's population, facing "extremely high" water stress, close to "Day Zero" conditions when the taps run dry, according to a report unveiled on Tuesday.

The World Resources Institute's Aqueduct Water Risk Atlas ranked water stress, drought risk, and riverine flood risk across 189 countries and their sub-national regions, like states and provinces.

India, ranked 13 on Aqueduct's list of "extremely highly" water stressed countries, has more than three times the population of the other 16 countries in this category combined, the report said.

Northern India faces severe groundwater depletion, visualised on Aqueduct's maps and included in calculations of water stress for the first time, acording to the report.

"The recent water crisis in Chennai gained global attention, but various areas in India are experiencing chronic water stress as well," said Shashi Shekhar, former Secretary of India's Ministry of Water Resources, and Senior Fellow, WRI India.

"India can manage its water risk with the help of reliable and robust data pertaining to rainfall, surface, and groundwater to develop strategies that strengthen resilience.

"Aqueduct can help identify and prioritise water risks in India and around the world," Shekhar said in a statement.

The tool uses a robust, peer reviewed methodology and the best-available information to create customisable global maps.

Aqueduct's updated hydrological model shows a more accurate, granular picture of water risk than ever before.

In the 17 countries facing extremely high water stress, agriculture, industry, and municipalities are drinking up 80 per cent of available surface and groundwater in an average year.

When demand rivals supply, even small dry shocks -- which are set to increase due to climate change -- can produce dire consequences, researchers said.

"Water stress is the biggest crisis no one is talking about. Its consequences are in plain sight in the form of food insecurity, conflict and migration, and financial instability," said Andrew Steer, President and CEO of the World Resources Institute.

"The newly updated Aqueduct tools allow users to better see and understand water risks and make smart decisions to manage them.

"A new generation of solutions is emerging, but nowhere near fast enough. Failure to act will be massively expensive in human lives and livelihoods," Steer said in a statement.

Aqueduct sheds light on hot spots for water risk around the world.

For example, in the Middle East and North Africa (MENA) region, home to 12 of the 17 countries facing "extremely high" stress, experts have pinpointed water scarcity as a force that can exacerbate conflict and migration.

Many companies use Aqueduct to plot priority locations, like facilities, suppliers, new markets, or proposed power plants, and evaluate their exposure to water risk.

Aqueduct now includes 13 indicators of water risk, including new additions such as groundwater availability and water depletion, and monthly snapshots of water stress and variability.

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Agencies
June 4,2020

New Delhi, Jan 4: The Supreme Court on Thursday extended till June 12 its earlier order of May 15 asking the government not to take any coercive action against companies and employers for violation of Centre's March 29 circular for payment of full wages to employees for the lockdown period.

A bench of Justices Ashok Bhushan, S K Kaul and M R Shah reserved the verdict on a batch of petitions filed by various companies challenging the circular of the Ministry of Home Affairs issued on March 29 asking the employers to pay full wages to the employees during the nationwide lockdown due to the coronavirus pandemic.

In the proceedings conducted through video conferencing, the top court said there was a concern that workmen should not be left without pay, but there may be a situation where the industry may not have money to pay and hence, the balancing has to be done.

Meanwhile, the apex court asked the parties to file their written submissions in support of their claims.

The top court on May 15 had asked the government not to take any coercive action against the companies and employers who are unable to pay full wages to their employees during the nationwide lockdown due to the coronavirus pandemic.

The Centre also filed an affidavit justifying its March 29 direction saying that the employers claiming incapacity in paying salaries must be directed to furnish their audited balance sheets and accounts in the court.

The government has said that the March 29 directive was a "temporary measure to mitigate the financial hardship" of employees and workers, specially contractual and casual, during the lockdown period and the directions have been revoked by the authority with effect from May 18.

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News Network
March 12,2020

Bhopal, Mar 12: The Madhya Pradesh Congress on Thursday took a dig at Jyotiraditya Scindia, who broke ranks with the party and joined BJP on Wednesday, by pointing out that neither Prime Minister Narendra Modi nor Amit Shah had not even put out as much a tweet to welcome him in the party, and construed it as "humiliation" for the "maharaja".

"Not even a tweet by Narendra Modi-ji or Amit Shah-ji to welcome Scindia-ji! Modi-ji, Shah-ji, at least do not do it so soon. It has not even been 24 hours yet and you guys have already started humiliating him...!" Madya Pradesh Congress tweeted in Hindi.

Taking a jibe at Mr Scindia, a member of the erstwhile royal family of Gwalior who ended his 18-year-long association with the Congress party on a bitter note, the state Congress said: "He is a maharaja, the one whose history is often mentioned by Shivraj-ji (former Madhya Pradesh Chief Minister Shivraj Singh Chouhan)."

On Wednesday, Jyotiraditya  Scindia joined BJP in New Delhi in the presence of party president JP Nadda. He had resigned from Congress a day earlier after meeting Amit Shah and Prime Minister Narendra Modi.

Mr Scindia will file his nomination for the Rajya Sabha elections on March 13. He is expected to go to Bhopal today.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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