Trickle-down effect of India’s water crisis that needs tackling



Mahesh Tejwani, the president of Vivekanand Education Society, talks about the challenges India is facing with water and how this is affecting the economy.

What are some of the factors behind the water problems that India is facing?

With the country facing two years of weak monsoon rains, water tables across the country have been severely depleted and a lack of replenishing initiatives at the government and private sector level to suitably boost water reserves have led to severe stress situations. Factors responsible for water problems include the lack of holistic planning accorded to water conservation issues. A shortfall in properly trained water technology professionals equipped with the requisite scientific knowledge is a critical anomaly which has led to poor analysis of water issues and finding solutions to them. At the grass-roots level, there is a growing tendency to waste water, not giving a thought to storage issues and shortage problems. Neglect of city piping systems often leads to corrosion of pipelines, resulting in bursting of pipelines and huge wastage of the precious commodity. A lack of policy-based initiatives to find artificial water sources in the face of rapid depletion of natural water sources is also making the Indian water crisis a dismal reality.

What implications do the water issues have for the country’s economic growth prospects?

A coordinated water policy and synergy between different stakeholders is the need of the hour to find sustainable solution to the water problem. With the increasing dumping of effluents in river basins by companies, water tables are getting rapidly polluted. This, in turn, means that highly contaminated water is being used for growing crops, compromising the health of citizens and putting a severe strain on the health budget of the country. With crops failing on basic safety standards, exports of agricultural items are likely to take a hit with countries blacklisting purchases. With the severe depletion in water tables, industries like coal, which require vast amounts of water, will be hugely affected. This can have a cascading effect on the electricity generation capacities of power companies and negatively effect the energy situation of the country.

What needs to be done to solve India’s water problems?

Urban housing societies and educational institutions should increasingly resort to water harvesting techniques. Water conservation initiatives must be given increased priority at all levels of the administration. There must be increased sharing of water resources between states to tide over potential water crises. Modern, cost-effective infrastructure must be utilised for storage and transport of water leading to less wastage and optimum utilisation. Water resources data should be digitised so that an accurate documentation and data of water assets can be maintained. From preschool years, a judicious approach to water use should be inculcated in children.

business@thenational.ae

Follow The National's Business section on Twitter

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

INDIA'S TOP INFLUENCERS

Bhuvan Bam
Instagram followers: 16.1 million
Bhuvan Bam is a 29-year-old comedian and actor from Delhi, who started out with YouTube channel, “BB Ki Vines” in 2015, which propelled the social media star into the limelight and made him sought-after among brands.
Kusha Kapila
Instagram followers: 3.1 million
Kusha Kapila is a fashion editor and actress, who has collaborated with brands including Google. She focuses on sharing light-hearted content and insights into her life as a rising celebrity.
Diipa Khosla
Instagram followers: 1.8 million
Diipa Khosla started out as a social media manager before branching out to become one of India's biggest fashion influencers, with collaborations including MAC Cosmetics.
Komal Pandey
Instagram followers: 1.8 million
Komal Pandey is a fashion influencer who has partnered with more than 100 brands, including Olay and smartphone brand Vivo India.
Nikhil Sharma
Instagram followers: 1.4 million
Nikhil Sharma from Mumbai began his online career through vlogs about his motorcycle trips. He has become a lifestyle influencer and has created his own clothing line.
Source: Hireinfluence, various