Indian cities struggle with monsoon preparedness due to a combination of factors. *Outdated Drainage Systems* are a major issue, with many cities' drainage systems designed decades ago, unable to handle the increasing intensity of rainfall . For instance, Delhi's drainage system, built nearly 50 yeaRead more
Indian cities struggle with monsoon preparedness due to a combination of factors. *Outdated Drainage Systems* are a major issue, with many cities’ drainage systems designed decades ago, unable to handle the increasing intensity of rainfall . For instance, Delhi’s drainage system, built nearly 50 years ago, struggles with even 50 mm of rain.
*Climate Change Impact* is another significant factor, with intense, localized rainfall becoming more common . This is evident in the changing monsoon patterns, where 55% of India’s tehsils saw an increase in southwest monsoon rainfall between June and September in the past decade .
*Poor Urban Planning* also plays a role, with cities not considering natural water flow, leading to water accumulation and flooding . Historical areas, like Minto underpass in Delhi, are particularly vulnerable due to their low-lying location.
Additionally, *Vulnerable Populations* are disproportionately affected, with the poor and lower-middle-class bearing the brunt of these failures . Informal settlements, often ignored in city planning, experience significant disruptions and health risks due to ineffective handling of stormwater mixed with sewage.
Lastly, *Historical Neglect* of natural water channels has contributed to the problem, with many channels covered or polluted over time . To improve monsoon preparedness, cities can learn from historical water management practices, integrate natural hydrology into urban planning, regulate urban infrastructure, prioritize vulnerable populations, and regularly desilt drains .
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The Importance of Chartered Accountants in Economic Development Chartered Accountants (CAs) play a vital role in the economic development of any country by contributing to financial stability, corporate governance, and economic policy formulation. Their expertise in financial management ensures thatRead more
The Importance of Chartered Accountants in Economic Development
Chartered Accountants (CAs) play a vital role in the economic development of any country by contributing to financial stability, corporate governance, and economic policy formulation. Their expertise in financial management ensures that businesses, both large and small, operate efficiently, leading to enhanced productivity and economic growth. By optimizing tax structures and ensuring compliance, CAs help boost government revenue, which can be reinvested into critical sectors like healthcare, education, and infrastructure, thereby promoting sustainable development.
Furthermore, CAs’ audit and assurance services enhance transparency and accountability within businesses, fostering trust among investors and encouraging domestic and foreign investments. This, in turn, generates employment opportunities, stimulates economic activity, and drives overall national development.
In addition to their work in the private sector, CAs contribute to public policy by offering insights into economic trends and financial analysis, helping governments craft effective fiscal policies. They also promote corporate governance by ensuring businesses adhere to legal and ethical standards, thus fostering a responsible and sustainable business environment.
In conclusion, Chartered Accountants are indispensable in building a robust financial system and contributing to the long-term economic growth of a country, making them key players in national development.
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