The UN relief chief Martin Griffiths has said that an increasingly large amount of people are being “crammed” together, resulting in more “violence and deprivation, inadequate shelter and a near absence of the most basic services”.
The government no longer has the budgetary space to continue carrying hundreds of billions of rupees in untargeted subsidies while the power sector itself remains trapped in circular debt, inefficiencies, theft and under-recovery.
Our financial system is geared towards short-term, risk-averse lending, while climate adaptation and green infrastructure require patient, long-term capital.
0
