Following a powerful earthquake-triggered tsunami, Japan struggles to avert a catastrophic reactor meltdown as another explosion hits the Fukushima nuclear plant in north-eastern Japan which was damaged in Friday's earthquake and tsunami. Rescue teams from around the World geared up their efforts to help the survivors.
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.
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