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New Delhi, Jan 12 (IANS) Politics over slum dwellers intensified in election-bound Delhi on Sunday with Aam Aadmi Party (AAP) leader Arvind Kejriwal telling jhuggi residents that voting for the Bharatiya Janata Party (BJP) would amount to signing their “own suicide notes”. Hitting back, the BJP called him a habitual liar.

Calling the BJP 'a party of the rich', Kejriwal said it would take away the land of slum dwellers and displace residents of 4 lakh jhuggis in the national capital.

Kejriwal's allegation, which came a day after Union Home Minister Amit Shah’s assurance of a pucca house to slum dwellers in Delhi, was refuted by Union Minister Hardeep Singh Puri who claimed that the AAP government never allowed implementation of PM AWAS scheme for affordable housing in Delhi in the past 10 years.

"BJP deals with slums through rehabilitation," said Puri, asserting that the BJP delivers what it promises.

Hardeep Puri described Kejriwal as a "factory of lies", saying when the latter was the Delhi Chief Minister, he did not allow the implementation of PM AWAS Yojana under which the Central government has built 4 crore houses for the poor in urban and rural areas in the country since 2015.

“The BJP does what it promises. You can check out poll manifestos for 2014, 2019 and 2024. We have built 4,000 flats for Delhi slum dwellers – in Kalkaji, Jailorwala Bagh and Kathputli colony," Puri said, adding that 3 crore more affordable homes for the poor are going to be built under PM AWAS in coming days.

On Kejriwal’s allegation that the BJP only loves the land of slum dwellers and its leaders spend nights in slum clusters just before elections, Puri said: "Kejriwal's story is over. Delhi deserves better."

"Kejriwal has some kind of problem due to which he has been making statements on the BJP's behalf. Sometimes he says reservations will end if BJP comes to power... who is he to make the announcement about our CM candidate face?" Hardeep Puri questioned.

Kejriwal has not fulfilled even a single guarantee he had made before the elections and is blocking the Central government's plans to give homes to slum dwellers, he said.

Hardeep Puri also hit out at the AAP government for the Rs 2,026 crore bungling in the liquor scam, adding that apart from the corruption, what is shocking is that they built vends at places that were close to religious places and educational institutions.

They are the same party or government who assaulted their own chief secretary, took away files from an official's room after a raid and undertook vigilante raids against foreign students.

“So, my answer is that they only indulge in gimmickry. They have mismanaged funds in Delhi Jal Board also,” he said.

--IANS

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Shirdi, Jan 12 (IANS) Union Home Minister Amit Shah on Sunday claimed that Maharashtra's grand victory of BJP-led MahaYuti has brought the country's politics back on track as it buried the politics of betrayal played by Sharad Pawar and Uddhav Thackeray.

Maharashtra witnessed instability during 1978 and 2024 but the BJP workers did the work of giving a stable government at this time, the Home Minister added.

“You taught a lesson to those who opposed Hindutva and Prime Minister Narendra Modi's development politics. You made the real Shiv Sena and the real nationalist win the Assembly elections. You rejected those who did dynasty politics,” he said while addressing the state party meeting organised to celebrate the landslide victory of BJP-led MahaYuti in the Assembly election.

At the beginning of his speech, HM Shah targeted Sharad Pawar and Uddhav Thackeray. “Sharad Pawar had rebelled in 1978. The people of Maharashtra have taught him a lesson for the politics of betrayal that he had practised at that time. After that Uddhav Thackeray also betrayed us in 2019. He abandoned the thoughts of Balasaheb Thackeray. You did the work of teaching Uddhav Thackeray a lesson. You showed him his place in the Assembly elections,” he said.

The Home Minister heaped a praise over the party karyakartas for their work and contribution in the BJP’s thumping win. “The architects of this great victory are the workers of BJP. I salute all of you. I also thank the people of Maharashtra on behalf of BJP workers. All of you have given a hard slap on the face of those who do dynasty politics and play politics of betrayal and deception and sent them home. The people of Maharashtra have decided that Eknath Shinde's Shiv Sena is Balasaheb Thackeray's Shiv Sena and Ajit Pawar's NCP is the real NCP,” he remarked.

“We all know that the basis of our party's work is organisation. The foundation of our winning elections is our strong organisation. Our warrior at the booth is our commander. I want to tell my workers that the chain of development is possible only when you unfurl the saffron flag from the Panchayat to the Parliament -- BJP from the Panchayat to the Parliament, BJP in Maharashtra and BJP in the country. It is the tradition of BJP that we do what we say,” Shah thundered.

He praised the state unit chief Chandrashekhar Bawankule for leading the party during election and its stellar performance.

HM Shah exhorted the party workers to work hard and with same dedication to continue the victory march of BJP-led MahaYuti in the upcoming local and civic body elections defeating the Maha Vikas Aghadi. “BJP from Panchayat to Parliament, is our goal and for that the BJP-led MahaYuti should be in each and every seat for the crushing defeat of the Maha Vikas Aghadi,” he said.

“We have fulfilled countless promises, whether it is building the Ram temple in Ayodhya, whether it is removing Article 370 from Jammu and Kashmir, whether it is about providing houses to 4 crore poor people, whether it is about providing electricity, water or health security. The left wing extremism will be eliminated by April 2026,” said Shah.

Shah praised Chief Minister Devendra Fadnavis who led the party to the grand victory in Maharashtra, saying that he will strive to fulfil a slew of promises made to the people of state including making Maharashtra drought free in the next five years.

He criticised Sharad Pawar saying that the state continues to reel under drought and witness farmers suicides despite he had been the agriculture minister, chief minister and associated with agriculture and cooperative movement for a long period. “During the third term, Devendra Fadnavis with the support of Prime Minister Narendra Modi will be in a position to provide water in every farm,” he claimed.

HM Shah said that the BJP-led NDA is getting stronger while the disintegration of INDI Alliance has begun. He predicted BJP’s grand victory in Delhi Assembly elections, asking the cadres to be ready on February 8 for mega celebration.

--IANS

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New Delhi, Jan 12 (IANS) The poor state of roads in Okhla constituency in south Delhi has left the area residents angry with a few Jasola villagers on Sunday pointing to frequent accidents taking place due to potholes and water-logging.

“We have seen repairs taking place in other areas of the constituency but Jasola village has just been ignored by legislator Amanatullah Khan,” area resident Mohd. Shahdab told IANS.

He said accidents are frequent on this stretch. “Road repairs have taken place in nearby colonies like Shaheen Bagh and Abul Fazal Enclave but in Jasola village the repairs have been few and far between.”

After rains, slush gets collected on the road which adds to the problem as potholes are difficult to detect, he said, adding that about a week ago some repair had started but it stopped abruptly.

“There are accidents taking place in the area every day,” he alleged.

Ameen, an e-rickshaw driver, said, “Our three-wheeled vehicles overturn due to the pot-holed roads in the area. I am not the only one complaining, everyone here is suffering from poor roads in Jasola village.”

Another e-rickshaw driver said residents have been putting up with broken roads for the past one year.

The AAP legislator is not paying any attention towards the plight of residents, he said.

“Just two days ago, an e-rickshaw overturned and those travelling on the vehicle received injuries in the head,” he said.

The residents’ complaints about the poor condition of roads in Jasola village come in the backdrop of the local legislator facing allegations of wrongdoing related to corruption and money laundering during his tenure as the chairman of the Delhi Waqf Board between 2016 and 2021.

The Enforcement Directorate’s case against Amanatullah Khan was related to a CBI FIR against him for alleged illegal appointments of employees in the Board.

The CBI alleged that the illegal appointments in the Board caused significant financial losses to the government.

Khan was arrested on September 2, 2024 under the Prevention of Money Laundering Act (PMLA), 2002 but was granted bail later.

-- IANS

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Ranchi, Jan 12 (IANS) The Delhi and Jharkhand Police have uncovered a plan to establish a training camp for the terrorist organisation Al Qaeda in the Indian Subcontinent (AQIS) on Nakata Hill, located at the border of Ranchi and Latehar districts in Jharkhand.

This revelation emerged during the interrogation of AQIS operatives arrested in a joint operation conducted by the Delhi Police's Special Cell and the Jharkhand Police's Anti-Terrorist Squad (ATS) two days ago.

Shahbaz Ansari, a key operative arrested two days ago from the Senha police station area of Lohardaga, provided crucial information about AQIS's activities in Jharkhand during the interrogation.

The mastermind behind the AQIS plans in the region was Dr Ishtiaq Ahmed, a radiologist at a private hospital in Ranchi. Dr Ahmed, who was apprehended by the Delhi Police Special Cell in August, had formed a terror module named the "Ranchi Radical Group" (RRG) to recruit and train individuals for extremist activities.

The raid in August last year had also uncovered AQIS's plans to expand its influence across multiple Indian states, including Jharkhand.

Ansari revealed that the module primarily targeted less-educated and working-class persons, who were indoctrinated to join the AQIS. He has also disclosed the names of several other suspects, prompting ATS efforts to gather further intelligence on these individuals.

To indoctrinate recruits, AQIS provided various propaganda materials and speeches. Four individuals from Jharkhand were sent to Rajasthan for training in handling weapons and planning attacks. Upon their return, a plan was in place to establish a training camp under their supervision in Ranchi.

In connection with this case, several arrests have been made so far, including Dr Ahmed (Ranchi), Faizan Ahmed (Hazaribagh), Mohd Modavir, Mohd Rizwan, Mufti Rahmatullah Majhiri, Matiur Rahman, Iltaf Ansari, and Enamul Ansari.

These arrests were made from the Chanho police station area in Ranchi.

Investigations are still going on to dismantle the terror network and prevent further activities in the region.

The AQIS is a regional branch of Al Qaeda, active in Afghanistan, Pakistan, India, Myanmar, and Bangladesh. The group has been involved in various terrorist activities and plots, posing a major threat to regional stability and security.

Authorities are intensifying their efforts to dismantle AQIS networks and prevent further attempts to radicalise vulnerable individuals.

--IANS

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New Delhi, Jan 12 (IANS) Union Minister for Fisheries, Animal Husbandry and Dairying, Rajiv Ranjan Singh, is set to inaugurate 40 livestock projects worth more than Rs 545 crore on Monday.

The Department of Animal Husbandry and Dairying is organising an ‘Entrepreneurship Development Conclave’ in Pune where the Union Minister will be the Chief Guest, it was announced on Sunday.

The objective of the event is to unite policymakers, federations, cooperatives, industry associations, entrepreneurs and financial institutions to unlock the potential of the livestock sector.

“It provides a platform to the stakeholders to discuss challenges, share solutions, promote entrepreneurship, provide value addition and sustainable practices to catalyse growth for the sector,” said the ministry.

The government is implementing flagship schemes such as the Animal Husbandry Infrastructure Development Fund (AHIDF) with an outlay of Rs 29,110.25 crore and National Livestock Mission (NLM) with an outlay of Rs 2,300 crore.

“By showcasing opportunities under NLM and AHIDF, the conclave seeks to drive inclusive growth and empower rural farmers and small enterprises,” the ministry informed.

The conclave will also entail the inauguration of the National Livestock Mission - Entrepreneurship Development Programme (NLM - EDP) Dashboard that provides an organised summary of key information of the entire project to the public.

The event will also see the release of National Livestock Mission Operational Guidelines 2.0 and success story booklets.

The conclave will also have panel discussions that will witness participation from government, industry leaders along with financial institutions, banks, cooperatives, and representatives from federations and industry associations.

The Cabinet-approved National Mission on Natural Farming (NMNF) scheme also marks a transformative shift in Indian agriculture.

The scheme has a total outlay of Rs 2,481 crore of which the government of India's share is Rs 1,584 crore while the state share is Rs 897 crore, till the 15th Finance Commission (2025-26).

The government has launched the NMNF to promote natural farming in a mission mode across the country under the Ministry of Agriculture and Farmers' Welfare.

—IANS

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Chennai, Jan 12 (IANS) Tamil Nadu Governor R.N. Ravi on Sunday criticised Chief Minister M.K. Stalin over his ‘chlidish’ jibe, saying the latter’s arrogance was not appropriate.

The Tamil Nadu Raj Bhavan, in a post on the social media platform X, said: “Stalin asserts that insisting on due respect for the National Anthem and performing the fundamental duties enshrined in the Constitution is ‘absurd’ and ‘childish.’ Thanks for betraying the true intentions of the coalition of interests and ideologies to which he is a leader that does not accept or respect Bharat as a nation and Her Constitution.”

“Such arrogance is not good. Please do not forget that Bharat is the supreme Mother, and the Constitution is the supreme faith for her children. They will not like or tolerate such brazen insults,” Governor R.N. Ravi added.

The Governor’s response came a day after Chief Minister Stalin criticised him, calling his decision to skip the customary Assembly address “childish.” The controversy began on January 6 when Governor R.N. Ravi walked out of the Tamil Nadu Assembly without delivering the customary inaugural address.

According to the Raj Bhavan, the Governor left “in deep anguish” because the National Anthem was not played.

In his rebuttal during the debate on the motion of thanks to the Governor’s address, Stalin alleged that Ravi’s actions stemmed from his inability to “digest” Tamil Nadu’s progress.

He remarked: “The Tamil Nadu Assembly has been witnessing strange scenes ever since Ravi assumed office as Governor. In 2022, he delivered his address without altering the speech, but in the following years, he avoided the customary address, citing absurd reasons.”

Stalin further stated, “I may be an ordinary person, but this Legislative Assembly came into existence because of the aspirations of crores of people. I believe the Governor cannot tolerate the state’s development.”

--IANS

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New Delhi, Jan 11 (IANS) The future of regional cooperation in South Asia is currently at a pivotal juncture, shaped by its historical context. While initiatives such as the South Asian Association for Regional Cooperation (SAARC) have largely failed to achieve the anticipated pan-regional free trade, another important forum, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), risks facing a similar fate unless significant intervention occurs from its largest member states, namely India and Bangladesh.

These concerns have been exacerbated by the recent political upheaval in Bangladesh in August 2024, which followed a prolonged student-led mass movement that resulted in the removal of long-serving Prime Minister Sheikh Hasina.

This development has been widely interpreted as indicative of a major shift in Bangladesh's domestic and foreign policy, particularly regarding its bilateral relations with India.

As Bangladesh navigates this new political landscape within the broader regional geopolitical context, it becomes essential for the country's new leadership -- regardless of its interim status -- to leverage Dhaka's strategic importance and continue contributing to regional cooperation grounded in mutual respect.

Despite the destabilising effects of the political upheaval in August 2024 and the external pressures on Dhaka to adjust its regional strategic relationships, potentially leading to a distancing from New Delhi, the Indo-Bangla relationship seems to be weathering these challenges with a notable degree of resilience.

As highlighted by Bangladesh’s Chief of Army Staff General Waker-Uz-Zaman, this relationship is characterised by a "give-and-take" dynamic, where Dhaka's dependence on India aligns with New Delhi’s vested interests in maintaining stability in Bangladesh, alongside a growing convergence of their regional and global strategic objectives.

Furthermore, the ongoing alignment of mutual interests, particularly in promoting regional economic integration through frameworks such as BIMSTEC and SAARC, continues to strengthen this bilateral engagement.

These platforms not only have the potential to spark an economic revival across the region but also promise transformative socio-economic benefits, improving the livelihoods of millions in both nations.

Thus, this bilateralism emerges as a fundamental pillar for regional stability and prosperity, emphasising its vital role in shaping the geopolitical and economic landscape of South Asia.

BIMSTEC, or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, is an interregional cooperative framework involving seven countries from South Asia and Southeast Asia.

Originally conceived as BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation) in 1997, the initiative aimed to enhance intra-regional trade, investment, and economic integration within the Bay of Bengal area.

Following the later inclusion of Myanmar, Bhutan, and Nepal, the organisation was officially renamed BIMSTEC during its inaugural summit in 2004. The primary goal of this grouping is to foster economic collaboration among its member states while addressing various sectors of mutual interest.

As of 2023, the BIMSTEC member nations collectively have a population exceeding 1.73 billion and a combined gross domestic product (GDP) of around $5.2 trillion.

Within this framework, India and Bangladesh, ranked as the first and third largest economies based on nominal GDP, play crucial roles.

Their economic dominance provides them with a level of strategic autonomy that facilitates the advancement of regional cooperation, allowing these countries to engage in multilateral initiatives with relative independence from external influences.

This dynamic highlights BIMSTEC's potential as a platform for establishing a restructured, regionally focused economic framework in the Bay of Bengal.

Major ports of BIMSTEC countries in the Bay of Bengal

The establishment of a permanent secretariat in Dhaka in 2014 marked a significant institutionalisation of BIMSTEC's operational framework, aimed at enhancing technical and economic collaboration among its member states.

Initially, the organisation delineated 14 priority sectors for cooperation, each overseen by a designated lead country to ensure focused management and effective execution. India assumed leadership in strategic domains such as Transport, Tourism, and Counter-Terrorism, while Bangladesh took the initiative in Trade and Investment.

However, recognizing the necessity for a more streamlined and outcome-oriented approach, the 2022 Colombo Summit—conducted virtually in response to the COVID-19 pandemic—embarked on a comprehensive restructuring of these cooperation sectors.

The summit aimed to “reduce, reconstitute, and construct” the cooperation framework by consolidating the original 14 sectors into seven core areas, with each member state entrusted with leadership over one sector.

Under this reconfiguration, Bangladesh now leads initiatives in Trade, Investment, and Development, whereas India has been assigned responsibility for Security and Energy Cooperation sectors.

The strategic positioning of the BIMSTEC member countries endows the bloc with considerable potential to facilitate economic integration through enhanced terrestrial and maritime connectivity.

For both India and Bangladesh, active engagement within this regional framework represents a significant opportunity to realise substantial economic gains.

For India, which boasts an annual trade volume exceeding $1,100 billion, BIMSTEC serves as a conduit to access the emerging markets of Southeast Asia, thereby aligning with its broader ‘Act East Policy’ and its aspirations to expand its economy to a $5 trillion threshold in the forthcoming years.

Furthermore, this platform provides a vital avenue for promoting the development of India’s eastern and northeastern regions, which have historically been perceived as economically underutilised.

BIMSTEC's connectivity initiatives provide Bangladesh, which has an annual trade volume exceeding $120 billion as of 2023, with a new cost-effective mechanism to diversify its export portfolio by accessing the Southeast Asian and broader ASEAN markets.

This is particularly crucial for the country's rapidly growing ready-made garment sector, which consistently seeks to expand its market reach beyond traditional western partners.

Consequently, BIMSTEC's integrative potential can significantly enhance Bangladesh’s economic presence within regional and global value chains, thereby reinforcing its role as a key player in the economic landscape of South Asia.

Despite the significant economic potential inherent in the BIMSTEC framework, the failure to operationalise the 2004 Framework Agreement on Free Trade has considerably impeded intra-bloc economic integration over the years.

The Agreement, which is ambitious in scope, sought to establish “effective trade and investment facilitating measures, including the simplification of customs procedures and the development of mutual recognition arrangements, among others".

However, notwithstanding this comprehensive mandate, member states have been unable to achieve a consensus on the implementation of the Free Trade Agreement (FTA), thereby constraining the bloc's economic synergy.

This stagnation is reflected in the asymmetry of trade flows within the bloc.

For example, while annual trade between India and Bangladesh, as well as between India and Thailand, was recorded at over $15.83 billion and $17.29 billion respectively in 2023, trade among other member states has remained suboptimal.

This underscores the imperative for BIMSTEC member countries to re-engage in substantive negotiations, resolve outstanding issues, and operationalise the FTA to unlock its economic potential and promote deeper economic interdependence and shared prosperity throughout the Bay of Bengal region.

In the context of stagnation within regional cooperation frameworks, the recent advocacy by Bangladesh's Chief Advisor, Professor Muhammad Yunus, for the revitalisation of regional blocs such as SAARC presents a timely impetus for recalibration.

However, it would be judicious for Dhaka and New Delhi to prioritise the revitalisation of BIMSTEC, given its relatively lower friction points among member states, as a precursor to re-engaging with more contentious organisations like SAARC.

Despite the prevailing strains in India-Bangladesh relations, enhanced bilateral engagement between these two nations could exemplify to other BIMSTEC member states the feasibility of regional cooperation aimed at collective benefit and socioeconomic development.

Such a strategy could motivate other member states to strengthen bilateral trade relationships, thereby fostering an enabling environment for the eventual operationalisation of the long-stalled Free Trade Agreement within the BIMSTEC framework.

Nevertheless, the onus rests with India and Bangladesh to navigate the current tensions, which are exacerbated by external factors and actors, and to determine whether to permit these disruptions to impede progress or to reaffirm their commitment to advancing cooperation both bilaterally and multilaterally.

BIMSTEC, with its established institutional framework and shared regional aspirations, offers a viable platform for initiating this renewed trajectory of collaboration.

--IANS

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Bonn, Jan 10 (IANS) The EU climate watchdog confirmed Friday that 2024 was the warmest year globally since records began in 1850, underscoring the intensifying impacts of climate change and the urgent need for decisive global action.

According to the EU-funded Copernicus Climate Change Service (C3S), the year shattered multiple climate records, driven largely by human-induced greenhouse gas emissions and amplified by a strong El Nino event.

C3S reported that the global average temperature for 2024 reached 15.1 degrees Celsius, surpassing the previous record set in 2023 by 0.12 degrees Celsius and exceeding pre-industrial levels by 1.6 degrees Celsius. For the first time, global temperatures crossed the 1.5 degrees Celsius threshold - a key marker in the Paris Agreement aimed at limiting global warming.

Throughout 2024, 11 out of 12 months recorded average temperatures exceeding 1.5 degrees Celsius above pre-industrial levels. On July 22, the global average temperature peaked at 17.16 degrees Celsius.

Sea surface temperatures also hit record highs, with extra-polar ocean water averaging 20.87 degrees Celsius, while atmospheric water vapor increased by about 5 percent over the 1991-2020 average.

The melting of sea ice in both the Arctic and Antarctic added to the alarming trends, with Antarctic sea ice extent remaining near record lows for much of the year, and Arctic sea ice levels significantly reduced, particularly after July.

Friederike Otto, senior lecturer at the Centre for Environmental Policy, Imperial College London, said: "The climate is heating to levels we've spent years trying to avoid because countries are still burning huge amounts of oil, gas and coal."

In his New Year's address, UN Secretary-General Antonio Guterres described 2024 as "deadly heat," warning of a "climate breakdown" in real-time and urging immediate action to dramatically reduce emissions and support the transition to renewable energy.

The extreme temperatures in 2024 fueled widespread heatwaves, wildfires, and floods, particularly in Southern Europe.

Countries like Italy, France, and Spain endured prolonged heatwaves, while Greece battled nearly 9,500 wildfires. These extreme conditions significantly strained public health systems and prompted large-scale evacuations.

Flooding in Spain and Germany caused extensive economic damage and displaced thousands, while severe drought emptied one of Bosnia's largest lakes, Lake Jablanicko in December.

According to the World Weather Attribution's (WWA's) annual report, the record global temperatures of 2024 directly intensified rainfall events, with 15 out of 16 floods studied linked to climate change.

The WWA report revealed that climate-related disasters in 2024 claimed at least 3,700 lives, displaced millions, and caused catastrophic damage to ecosystems. Coral reefs experienced unprecedented bleaching, threatening marine biodiversity and the industries reliant on these ecosystems.

"The Valencia floods, U.S. hurricanes, Philippines typhoons and Amazon drought are just four disasters last year that were worsened by climate change. There are many, many more," Otto told Xinhua news agency.

Looking ahead, climate experts warn that the extreme weather patterns witnessed in 2024 are likely to persist. Julien Nicolas, climate scientist at C3S, explained that while global temperatures may slightly decline in 2025 due to a transition from El Nino to La Nina conditions, the long-term warming trend remains intact.

"There are ups and downs in global temperatures due to natural processes, like El Nino," said Joeri Rogelj, research director at the Grantham Institute of Imperial College London. "But a small dip doesn't change the clear upward trajectory we're on."

Recognising the urgency, Carlo Buontempo, C3S director at the European Centre for Medium-Range Weather Forecasts, stressed the importance of taking action now: "The future is in our hands -- swift and decisive action can still alter the trajectory of our future climate."

The World Meteorological Organization's forecast in December 2024 indicated a greater than 50 percent chance of La Nina conditions developing in the next three months.

"We are loading the dice ... toward these extreme climate events," Nicolas said, warning that heat waves and extreme rainfall events are likely to hit almost all continental regions.

--IANS

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Seoul, Jan 9 (IANS) Major global credit rating agencies agreed on Thursday that the political uncertainty in South Korea has had a limited impact on the economy so far, yet warned of potential challenges if the situation is prolonged, the finance ministry said.

Moody's Investors Service, Fitch Ratings and Standard & Poor's Global Ratings shared the assessment during separate virtual meetings with acting President Choi Sang-mok, according to the Ministry of Economy and Finance.

The agencies evaluated the immediate economic impact of the current political situation, stemming from President Yoon Suk Yeol's brief declaration of martial law on Dec. 3 and his subsequent impeachment, is minimal, reports Yonhap news agency.

However, they warned prolonged instability could deter foreign investment and influence corporate decision-making if the situation continues.

Choi assured the agencies that uncertainties will soon be resolved through the country's constitutional and legal systems.

He also emphasized the government's commitment to ensuring that major economic policies and legislative agendas are smoothly handled through a consultative body with the National Assembly.

Choi, who doubles as deputy prime minister for economic affairs, held similar meetings in early December before assuming interim leadership.

Meanwhile, President Yoon Suk Yeol's lawyers said they have filed for an injunction against a second warrant to detain him over his brief imposition of martial law.

Yun Gap-geun and other members of the impeached president's legal defense team made the remark during a meeting with foreign news outlets, saying the request was filed with the Constitutional Court, along with a request for adjudication on a competence dispute.

The Seoul Western District Court issued the warrant on Tuesday after investigators filed for an extension of their initial warrant that expired the previous day.

An attempt to execute the warrant last Friday failed after Yoon's bodyguards blocked investigators from entering the official presidential residence.

A second attempt is expected to be made in the coming days.

—IANS

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