Longer, stronger heat predicted for India

June 9, 2015

New Delhi, Jun 9: With more than 2,300 dead in extremely hot weather across India, a recent Indian Institute of Technology-Bombay (IIT-B) study predicts more intense and longer heat waves, more often and earlier in the year in future.

Heat predictedIn a changing climate, newer areas, including large swathes of southern India and both coasts - hitherto unaffected - will be severely hit, resulting in more heat stress and deaths, said the study, published in the journal Regional Environmental Change.

"From climate model projections, we have pointed out that there is a possibility of high occurrences of heat waves in South India in future," Subimal Ghosh, associate professor at the Department of Civil Engineering, IIT-B, and one of the paper's authors, told IndiaSpend.

Heat waves in a warming world

Such a forecast is in line with global and Indian studies.

Other recent assessments have predicted that intense heat waves will grow with rising global temperatures, up by 0.9 degrees Celsius since the start of the 20th century.

The Intergovernmental Panel on Climate Change (IPCC) records that from 1906 to 2005, the mean annual global surface-air temperature increased by about 0.74 degrees (land-surface air temperature increases more than sea-surface temperature). As a result, there will be significant changes in the frequency and intensity of extreme weather events, including heat waves, as IPCC's 2014 report warns.

"It is difficult to directly link this present single-year high heat-wave occurrence to climate change," said Ghosh. "However, there is a good possibility that such heat waves may indicate the adverse impacts of global warming."

A rise in the frequency and intensity of heat waves would increase the risk of heat stroke and heat exhaustion, and even deaths from hot weather, the IIT-B team predicted, echoing concerns raised by IPCC scientists.

With a large proportion of people without sufficient access to water, electricity and primary healthcare facilities, India could be very vulnerable to heat waves, the study noted.

"Heat waves are an important class of climate hazard that may have serious consequences on health and ecosystem, keeping existing vulnerabilities of population in mind," says Kamal Kumar Murari, the lead author of the study and an IIT-B doctoral candidate. "Our findings highlight the need to better understand the direct temperature-related consequences in order to develop better adaptation strategies."

Multiple data sources, one result: Heat's coming

The IIT-B study is important because it is particularly exhaustive.

Murari and his colleagues used daily temperature data over 40 years (1969-2009) from 395 weather stations across India. They also used climate-change simulations of seven EarthSystem Models (ESM), which combine the interactions of atmosphere, ocean, land, ice, and biosphere under a wide variety of conditions. In addition, they used US National Center for Atmospheric Research data on daily relative humidity and data on heat-stress analysis.

Based on these datasets, the IIT-B team estimated the potential impact of future heat waves on mortality using historical data from India's ministry of home affairs.

The team projected intensity, duration and frequency of severe heat waves for low, middle and high range rates of climate change as shown in long-term projections called representative concentration pathways (RCPs) - four greenhouse gas concentration trajectories that climate modellers use to describe possible climate futures. Each pathway notes how much the planet has heated up and the concentration of greenhouse gases doing the heating.

The IIT-B team took RCP26, a projection consistent with the goal to hold global warming to 2 degrees, showing a peak and a decline in warming; RCP45, considered the most probable case; and RCP85, possibly the worst-case scenario.

Future hot zones: South India and both coasts

Under the most probable-case and the worst-case scenarios, 2070 onward, there could be an increase in intensity, duration and frequency of severe heat waves.

In particular, a large part of southern India, east and west coasts, which have been unaffected by heat waves, are projected to be severely affected after 2070.

Severe heat waves are expected to appear early in future years, starting in early April, under the worst-case scenario. A sizeable part of India is also projected to be exposed to extreme heat-stress conditions, intensification of heat wave and heat-stress leading to increased mortality.

Heat-stress is a condition in which the body cannot cool off to maintain a healthy temperature - resulting in rashes, cramps, dizziness or fainting, exhaustion, heat stroke, and a worsening of existing medical conditions.

Other studies, similar conclusion

The IIT-B study follows other studies that have also shown an increasing trend in heat waves.

Dr. D.S. Pai, who heads the Long Range Forecasting division at the National Climate Centre, Pune, and his colleagues at the India Meteorological Department (IMD), have shown a noticeable increase in the heat wave and severe heat-wave days over the country during 2001-2010 - the warmest decade recorded - compared to the previous four decades.

The IMD team used heat-wave information from 103 stations on the Indian mainland during the hot-weather season of March to July over the past 50 years (1961-2010). They examined various statistical aspects of heat waves and severe heat waves, such as long-term climatology, decadal variation, and long-term trends.

Pai and colleagues also found heat waves linked with El Niño-Southern Oscillation (ENSO), denoting fluctuating ocean temperatures in the equatorial Pacific, known for its global impact. The study indicates the complexity of future weather predictions.

They found that heat waves of eight or more days peak a year after the El Nino (warm) phase of this cycle and are at a minimum a year after the La Nina (cool) phase.

The IMD team found other factors linked to heat-wave dynamics, including the annual path of the sun; moisture distribution across India and how it is influenced by seas on its either side and the arrival of the monsoon.

The arrival of the monsoon over north India marks the end of the hot weather season. In 1998 and 2002 when the monsoon was delayed, long heat-wave conditions prevailed here.

As the geographic spread of heat waves and trends change, weather scientists stress the need for better forecasts and more rigorous research.

"The present assessment could be a good starting point for considering heat waves as a disaster, even though they do not yet appears in the priorities of disaster-management plans of the Government of India," said Murari.

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News Network
April 19,2020

Shimla, Apr 19: A man, who had recovered from the novel coronavirus, was again found suffering from the infection in Himachal Pradesh, officials said.

The man, a Tablighi Jamaat member, tested positive for the infection on Saturday within a week of his two reports coming out negative, they said.

Residents of different places in Mandi district, the man along with two other Jamaatis had been staying in a mosque of Nakroh village in Una'a Amb tehsil and all tested positive on April 2.

They were admitted to Tanda's Dr. Rajendra Prasad Government Medical College (RPGMC) in Kangra district on April 3.

As per the available information, they had tested negative for the first time on April 10 and they were declared as cured as per protocol after they tested negative for the second time on April 12.

Subsequently they had been discharged from the RPGMC and were kept in institutional quarantine.

However, with the man again testing positive, the total number of active cases in the hill state has increased to 23 out of the total 40 positive cases.

Four persons have been shifted to a private hospital outside the state. Eleven have recovered while two others have died.

A total of 16 confirmed cases were found in Una and health department statistics now shows 14 active cases and two cured.

Officials said 11 patients — three each from Chamba, Kangra, and Solan districts and two from Una district — have recovered.

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News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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News Network
July 14,2020

New Delhi, Jul 14: India's COVID-19 tally breached the 9 lakh mark as 28,498 new coronavirus cases were reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Tuesday.

As per the Health Ministry, there are a total of 9,06,752 coronavirus cases in the country of which 3,11,565 patients are active cases.

5,71,459 patients have been cured/discharged while one patient has been migrated, the Ministry informed further.

553 more deaths due to COVID-19 were reported in the last 24 hours in the country, taking the number of patients succumbing to the virus to 23,727.

The Centre further informed that India's recovery rate from COVID-19 stands at 63.02 per cent while the recoveries and deaths ratio stood at 96.01 per cent and 3.99 per cent respectively.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,60,924 COVID-19 cases and 10,482 fatalities. While Tamil Nadu has a tally of 1,42,798 cases and 2,032 deaths due to COVID-19.

Delhi has reported a total of 1,13,740 cases and 3,411 deaths due to COVID-19.

As per the information provided by the Indian Council of Medical Research (ICMR) 1,20,92,503 samples have been tested for COVID-19 till July 13, of these 2,86,247 samples were tested on Monday.

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