By Aradhana Aravindan and Chen Lin
SINGAPORE (Reuters) -Ishwinder Kaur and her husband spent more than two years looking to buy their first home in Singapore, hoping property prices would dip during the hunt. The couple finally bought their apartment in December after prices rose in all but one quarter last year, even as the city state posted its worst recession during the COVID-19 pandemic. We got really worried because we saw that people were snapping up homes left, right and centre, said Kaur. House prices rose again in the first quarter, with the private home market up 3.3%, its steepest rise in nearly three years, fueling expectations the government is likely to intervene soon to calm the market.
Implementing green contracts
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How corporations can cut down emissions
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How corporations can cut down emissions
The increasing concerns about climate change once again point to the need for enhanced efforts towards achieving sustainable growth goals in India. While the massive levels of production, consumption and disposal of goods and services have their own set of benefits in a post-industrial society, they have also slowed down the replenishment cycle of limited resources.
As both consumers and corporations reap the benefits of large-scale manufacturing and services, they must equally share the responsibilities relating to the loss of resources and reduce greenhouse gas emissions. While much has been discussed on the operational ways of cutting down carbon emissions, this article focuses on how Indian corporations can be a major character in the country’s story of sustainable growth. Some corporations contribute a fair share to building a cl