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Searched Tag: water shortage

India's persistent water shortages, exacerbated by a prolonged heatwave and high consumption rates amid rapid economic growth, are posing significant risks to its credit health, according to a recent report by Moody's Investors Service.

India's growth at risk due to water crisis:Moody's

June 25, 2024, 12:27 PM - 2 min read

The global ratings agency highlighted that the worsening water scarcity could intensify economic volatility in India, affecting sectors heavily reliant on water such as coal power generators and steel-makers. Moody's noted that India's economy is expected to grow at 6.5% in 2024, outpacing other G20 economies, but this growth comes with heightened water consumption challenges.

Hindu Kush snow decline threatens water security

June 17, 2024, 09:34 AM - 2 min read

Recent monitoring indicates that snow levels are nearly 20 per cent lower than normal across the region this year, with the most significant decreases observed in the western areas, where its contribution to water supply is the greatest.

Karnataka Deputy Chief Minister DK Shivakumar on water crisis.

Cong's DK Shivakumar sheds light on Bengaluru's water crisis

April 11, 2024, 04:55 PM - 2 min read

From water scarcity to probe agencies targeting opposition leaders to electoral bonds, all was discussed by the deputy chief minister.

Mercury rises in political corridors of K’taka over drought-relief funds

April 8, 2024, 06:04 PM - 2 min read

Both the Congress and BJP are involved in blaming each other on the drought-relief funds, giving more prominence to the ‘issue’ than finding out a ‘solution’.

China extends aid to Maldives with 1,500 tonnes of drinking water from Tibet

March 27, 2024, 06:41 PM - 2 min read

According to reports, the Ministry of Foreign Affairs confirmed the delivery of the drinking water shipment, highlighting its origin from glacial regions renowned for their pristine quality and mineral-rich content.