The Arctic is warming up almost three times as fast as the rest of the planet. And as the ice melts, it will cause the sea level to rise. This will undoubtedly have an effect on where and how we live. With rising temperatures comes a decline in biodiversity, water scarcity, and mass migration as land becomes uninhabitable.
•  Lastly, the hard earned macroeconomic stability provides an important backdrop for optimal decisions by all stakeholders. We have to preserve this. The dramatic fall in oil prices is a boon for us. It saves, on an annualised basis, around $ 50 billion, roughly, one-third of our annual gross POL imports of about $ 160 billion. This is on a back-of-the-envelope, top-line basis.