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    COP31: Limiting 1.5°C overshoot, speeding up electrification emerge as top priorities

    Limiting the duration and extent of a global temperature overshoot beyond the 1.5°C threshold and accelerating electrification have emerged as key priorities at COP31 in Antalya. The Turkiye-Australia leadership wants these issues included in the conference's negotiated cover decision, while also demonstrating that international cooperation on climate action remains effective.

    India doesn’t have a savings problem. It has a savings incentive problem

    Indian households are saving more than ever. The bigger question now is whether money kept accessible in a savings account can also earn meaningful value while it waits to be used.

    Quantum could solve AI energy drain, says tech founder

    Quantum computers could curb the vast energy demands of artificial intelligence data centres with their ability to run complex calculations, one of the tech's pioneers told AFP. Australian startup Diraq is conducting the first field test worldwide putting a small quantum computer based on a silicon chip in a commercial data centre in Sydney. Diraq's computer installed in Equinix's Sydney data centre has eight quantum bits, or qubits, on a silicon chip.

    India short bonds may underperform on rate hikes, cash squeeze

    India's bond market is experiencing changes due to recent interest rate hikes and tightening liquidity conditions. The Reserve Bank of India is anticipated to raise interest rates significantly in the coming months. Short-term bonds are expected to be more sensitive to these monetary conditions, leading to their underperformance. There are expectations for the yield curve to flatten further as short-term yields rise.

    Karnataka will proceed with Mekedatu project, says Supreme Court has upheld its right: DK Shivakumar

    Karnataka Deputy Chief Minister DK Shivakumar said the state would proceed with the Mekedatu reservoir project, citing a Supreme Court ruling that permits construction subject to releasing 177 tmc ft of Cauvery water to Tamil Nadu. His remarks followed Tamil Nadu Chief Minister Joseph Vijay's appeal to the Centre against granting approvals without consent.

    Taxpayers fret over loose ends in amnesty scheme, seek CBDT clarity on foreign asset disclosure rules as deadline nears

    Many taxpayers are unsure if they need to report various accounts due to ambiguous regulations. Clarification is being sought from the Central Board of Direct Taxes regarding ownership versus authority, among other things.

    The Economic Times
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