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IIMB Management Review ; 2023.
Article in English | Scopus | ID: covidwho-2293854


The paper critically evaluates the bottlenecks inherent in India's low carbon value chain that is financed by green bonds and related debt securities. The paper identifies three cardinal limitations of the value chain viz. unviable carbon mitigation projects, insufficient market competitiveness of green bonds issued from India and the inability of refinancing institutions to securitise their liabilities and overcome the problem of asset-liability mismatch. It is argued that a climate financial architecture that overcomes these limitations provides important lessons to the ongoing global efforts to strengthen the financial mechanisms laid down by the Paris Agreement on Climate Change. Extended summary: The paper explores India's ‘low carbon value chain' in the light of the developments that have taken place in India's climate finance landscape in the years following the adoption of the Paris Agreement on Climate Change. Shrinking budgetary resources, paucity of fiscal resources and the rise of non-performing assets in the debt portfolios of banks have compelled India's financial institutions to mobilise financial resources through debt markets. This trend has been accentuated by the advent of COVID-19. However, despite adhering to internationally laid down quality standards, the ‘on-shore' and ‘off-shore' green bonds issued by India's refinancing and development financial institutions suffer from insufficient liquidity in secondary markets. The yields clocked by these bonds compare unfavourably with Government Bonds of comparable maturities. The resultant tensions in the ‘low carbon value chain' can be obviated if refinancing institutions finance bankable climate mitigation projects which enjoy auxiliary revenue streams from carbon and renewable energy credits generated from carbon markets. It is further argued that supportive policy measures that enable the country's Central Bank to conduct market support operations involving green bonds and empower lending institutions to securitise their loan assets, can go a long way to enlarge the scope of debt securities in India's climate financing plan. It is stated that the new climate finance architecture proposed for India holds vital lessons for the ongoing efforts of the global community to provide teeth to the climate finance and carbon market provisos of the Paris Agreement on Climate Change. © 2023

Dubai Medical Journal ; 6(1):46-49, 2023.
Article in English | EMBASE | ID: covidwho-2256188


Introduction: Since 2019, COVID-19 pneumonia caused by SARS-CoV-2 virus has led to a worldwide pandemic. Since then, various neurological manifestations of COVID-19 pneumonia have been reported. Neurological manifestations include headache, anosmia, seizures, and altered mental status. In some cases, it presents as stroke, encephalitis, and neuropathy. Artery of Percheron (AOP) is a variant in the posterior circulation. Here, a single artery arises from the posterior cerebral artery p1 segment. It supplies bilateral thalamus with or without midbrain. Thrombosis in this artery leads to clinical symptoms like reduced level of consciousness, altered mental status, and memory impairment. Case Report: Here, we present a case who presented with fever and altered sensorium without any focal neurological deficits and without known risk factors for stroke. His COVID-19 PCR was positive. He was initially diagnosed as COVID-19 pneumonia with encephalitis and was started on treatment for the same. His initial CT brain and lumbar puncture were normal. The next day, when MRI brain with and without contrast was done, the thalamic stroke due to AOP infarction was diagnosed and appropriate treatment for stroke was initiated. Discussion(s): Many patients miss the window for thrombolysis because of variable presentation in clinical symptoms with negative imaging. It is also difficult to assess the time of onset of stroke in this varied presentation. Our patient had fever and cough for 2 days and had altered mental status since the morning of admission. During hospital stay, he developed bilateral third nerve palsy. This case also highlights the importance of detailed evaluation in COVID-19 patients with neurological complaints. This helps to avoid delays in treatment and to improve clinical outcomes. As our knowledge of COVID-19 and its varied neurological manifestations evolve, we need to be prepared for more atypical presentation to facilitate timely interventions.Copyright © 2022 The Author(s). Published by S. Karger AG, Basel.

Emerald Emerging Markets Case Studies ; 12(2):1-20, 2022.
Article in English | Scopus | ID: covidwho-1794940


Learning outcomes: Students will learn technology strategies specific to airports. Students will understand the reason for the success of Bengaluru International Airport. Students will learn to apply management models in airport settings. Students will improve their understanding of airport business, airport-related technologies, specifically in the Indian settings. Case overview/Synopsis: DigiYatra is a revolutionary initiative by the Government of India to digitalize all the airports in India, making your face your boarding pass. Bengaluru International Airport Limited (BIAL) is at the forefront of this initiative. As one of the early public–private partnership airports, BIAL has seen many challenges over time but could succeed in all its endeavour. The case discusses the journey of DigiYatra, which BIAL has taken through the eyes of the Chairman, Hari Marar. The case goes through several layers like initial planning, creating the team, implementation challenges, technology strategy adopted and how they tackled Covid lockdown challenges to complete the project's initial phase. Complexity academic level: Post graduate students. Supplementary materials: Teaching notes are available for educators only. Subject code: CSS 11: Strategy. © 2022, Emerald Publishing Limited.