There is a need to mainstream green finance and devise ways for incorporating environment impact into commercial lending decisions, RBI Deputy Governor M Rajeshwar Rao has said. Addressing climate risk in the financial sector should be the joint responsibility of stakeholders as it would affect the resilience of the financial system in the long run, he said. Rao made these comments while speaking at the CAFRAL Virtual Conference on Green and Sustainable Finance, recently.
According to Downing Street sources it was "no biggie".
India on Thursday made it clear that it would not accept any internationally binding agreement and that its climate change targets were not up for review.
The Earth will be 2.4 degree Celsius warmer by 2020 if the world continues with the business-as-usual approach to climate change.
The threshold for a heat wave is met when the maximum temperature of a weather station reaches at least 40 degrees Celsius in the plains, 37 degrees in coastal areas, and 30 degrees in hilly regions, and the departure from normal is at least 4.5 notches.
The United Nations has launched an independent review of the functioning of its top climate change body IPCC, which has come under much criticism in the recent months for some errors in its reports.
India cannot ignore the neglect of climate finance by the developed nations, Modi asserted at G20 session
Buffeted by allegations of sexual harassment, R K Pachauri on Tuesday quit as chairman of United Nation's prestigious Intergovernmental Panel on Climate Change, whose meeting here he has avoided.
In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.
Leader of Opposition VD Satheesan on Sunday said the UDF will take part in all the rehabilitation efforts and work towards restoring normalcy in the lives of the survivors.
Delhi's crime rate against women stood at 144.4 in 2022 -- the highest among all states and Union Territories.
New text is "ambitious and balanced"
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.
Sending encouraging signal to the rest of the world, a bipartisan group of powerful US Senators on Friday agreed on a framework for a climate change bill.
PM Modi interacts with top Indian gamers; tries his hands on few games
Congressman James Sensenbrenner, the senior most Republican was among a high-powered delegation of US lawmakers, led by House Speaker Nancy Pelosi that visited India last month. Sensenbrenner has made it clear that the US Congress will not ratify any global climate change agreement if India is not a party to it. This delegation focused on global warming and energy among other issues. He said without India & China, the US will be at an economic disadvantage in a global treaty.
This is the first deal by an Indian startup after the sector was opened to private companies in 2020.
'If you want help understanding that, I can lend you my encyclopedia from when I was in 2nd grade. It has pictures and everything'
'We not only have to secure our national interests but also prepare for new national security challenges like cyber warfare and terrorism.'
World Bank president Ajay Banga is among the Indians who have made it to the prestigious Times's list of 100 most influential people in the world released on Wednesday. Time's profile of the former Mastercard CEO, written by US Treasury Secretary Janet Yellen, said, "It's not easy to find a leader with the skill and drive to take on the monumental task of transforming an essential institution, but since becoming World Bank president last June, Ajay Banga has done just that." She said Banga comes to the World Bank after leading a global organisation through which he brought millions of unbanked people into the digital economy.
Stern says that we all know the pace of change has picked up in India
If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.
The average global temperature between January and October has been 0.68 degrees Celsius higher than the 20th century's average global temperature of 14.1 degree C.
The Centre has issued a fifth draft notification to declare over 56,800 square kilometres of the Western Ghats across six states, including 13 villages in Kerala's landslide-hit Wayanad, Ecologically Sensitive Area (ESA), inviting suggestions and objections within 60 days.
The IMD said that rainfall over India in August and September would be around 106 percent of the long-period average of 422.8 mm.
For India, the talks will work as another opportunity to sharpen its positions ahead of the formal UN negotiations.
India registered its protest at the board of IMF, which met on Friday to review the EFF lending programme for Pakistan.
In what could come as a piece of good news, hunger in India - as measured by the Prevalence of Undernourishment (PoU) by the United Nation's Food and Agriculture Organisation (FAO) - has come down from 16.6 per cent of the population in the 2020-2022 to 13.7 per cent in 2021-23, the latest report on the State of Food Security and Nutrition in the World (SOFI 2024) showed. This means that around 39.3 million people have come out of undernourishment between the two periods, NITI Aayog member Ramesh Chand said on Tuesday.
Dubai was battered by Nature's fury on Monday, February 12, 2024.
Prime Minister Narendra Modi on Friday met Israeli President Isaac Herzog and underscored India's support for an early and durable resolution of the Israel-Palestine issue through dialogue and diplomacy.
A Youth 20 consultation meeting on climate change is taking place under India's G20 presidency in Srinagar.
The CPI said there was neither any agreement over technology transfer nor any commitment for additional financial resources to fund adaptation and mitigation in the developing countries. In a similar statement, the Communist Party of India-Marxist Politburo said on Sunday: "The political leaders who gathered in Copenhagen have failed their people by not delivering an effective and equitable climate change agreement."
Ajay Banga will be a 'transformative leader', who will bring expertise, experience, and innovation to the position of World Bank President, United States President Joe Biden has said after the top Indian-American business executive was confirmed as the new head of the international lender.
We could have assessed the pitch better: Varun Chakaravarthy
According to the report, floods (43.4 per cent) and storms (28.2 per cent) are the two most frequently occurring disasters.
India, which wants to double its coal output by 2020, in February raised the tax on mining coal to $6 per tonne from $1 in a bid to make it more expensive to consume the dirty fuel
The mercury soared to 46.2 degrees Celsius at Najafgarh, making it the hottest place in the capital.
Presenting the Union Budget, Sitharaman announced that the government will partner with the private sector to set up Bharat Small Reactors and in the research and development of small modular reactors.
Ahead of this election, the alliance between the BJP and the SKM had broken down. One reason is the fear that like Article 370, Article 371F might also be changed.
Governor Eduardo Leite declared a state of emergency as the region grapples with the aftermath of the catastrophic weather event.
