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<ul class="summary-list"><li>Bitcoin spot ETFs saw a record $579.5 million in daily outflows on Monday.</li><li>The outflows come as traders prep for volatility amid election uncertainty following the vote. </li></ul>Investors pulled a record amount from bitcoin exchange-traded funds to start the week as they prepared for volatility in the world's largest crypto amid potential election uncertainty. Bloomberg data shows that the 12 spot bitcoin ETFs in the market lost $579.5 million on Monday. That's a record daily outflow for the funds since they first came to market in January. Bitcoin has been volatile in the week leading up to the vote, edging toward all-time highs last week before pulling back again below $70,000. On Tuesday, the token was up by about 1.5%, trading at $69,553. Vice President Kamala Harris and former President Donald Trump <a target="_blank" href="https://www.businessinsider.com/kamala-harris-donald-trump-swing-state-polls-photo-finish-2024-11">remain virtually tied</a> in the final polls. Prediction markets, meanwhile, show Trump with a sizable lead, though betting odds have also swung toward Harris in recent days. The uncertainty will likely stoke <a target="_blank" href="https://www.businessinsider.com/us-market-outlook-trump-harris-presidency-election-economy-analysts-strategy-2024-11?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_Insider%20Today%20%E2%80%94%20November%205,%202024">market volatility</a>, experts say."We expect Monday and Tuesday to be quiet for markets, however, once we get the first drip feed of results on Tuesday night and Wednesday morning, expect fireworks," Kathleen Brooks, research director at XTB, said in a note.Other analysts also said they expect uncertainty to rattle markets, especially if votes have to be recounted in key states. "The election looks significantly more of a contest than many had been expecting, which could provide a more protracted and volatile period ahead as we see potential recounts and challenges to potentially drag out this process," Scope Markets' Joshua Mahony said in a note.Outcomes in swing states could be early indicators of a Trump or Harris victory, though. Troy Ludtka, Senior US Economist at SMBC, says a Trump win in key swing states like Georgia, North Carolina, and Pennsylvania could deliver an election outcome by midnight, or at least provide an early indication of who will win.The crypto industry's volatility comes as both candidates have targeted crypto voters.Trump has been vocal about his support for the industry this year, billing himself as the <a target="_blank" href="https://www.businessinsider.com/donald-trump-going-for-crypto-bro-vote-world-liberty-financial-2024-9?utm_medium=ingest&amp;utm_source=markets">"crypto president."</a> Harris has also courted crypto voters, marking a shift from President Joe Biden's administration, which has pursued a stringent regulatory agenda led by the Securities and Exchange Commission.

Bitcoin ETFs see highest daily outflows ever as traders brace for Election Day volatility

Amid the severe pollution gripping the national capital, <keyword id="19948557" type="General" weightage="20" keywordseo="delhi-metro" source="keywords">Delhi Metro</keyword> recorded its highest-ever daily ridership on November 18, with a staggering 78.67 lakh passenger journeys, according to official data. This figure exceeded the previous high of 77.49 lakh passengers on August 20 of this year, the data said. On November 18, the Yellow Line, which connects Millennium City Centre in Gurugram to Samaypur Badli in Delhi, saw the highest passenger traffic, with a record 20.99 lakh commuters. The Blue Line followed closely with 20.80 lakh passengers, while the Red Line recorded 8.56 lakh commuters, 8.15 lakh in Pink Line and 7.93 lakh in Violet Line. The Magenta Line saw 6.19 lakh passengers, followed by the Green Line with 4.12 lakh commuters, 81,985 in Airport Line, 57,701 in Rapid Metro, and 50,128, in the Grey Line, as per the data. Thick grey haze continued to choke Delhi for the third consecutive day on Tuesday, with pollution levels remaining alarmingly high at 488 in the 'severe plus' category. To encourage more people to use the metro in this scenario, the Delhi Metro Rail Corporation (DMRC) is running 60 extra trips on weekdays, offering more capacity than usual, an official statement said. The DMRC has recorded its 25 highest passenger journeys since August this year, the statement added. It emphasised that the more people opt for the metro over private vehicles, the greater the reduction in vehicular emissions, which will help improve the air quality of the city and its surrounding areas. In addition, the DMRC has introduced several measures to make travel more convenient for passengers, the statement read. These include the ability to book single or multiple journey tickets through various digital platforms, allowing passengers to plan their journeys anytime and anywhere without the need to stand in queues at the station. Furthermore, partnerships with organisations such as IRCTC, NCRTC, ITPO, and others have made it easier for people to not only travel by metro but also access interconnected travel options, along with various offers and events, all with seamless ease, the statement said. The DMRC also stated that it is one of the most <keyword id="24050954" type="General" weightage="20" keywordseo="environmentally-friendly-transport" source="keywords">environmentally friendly transport</keyword> options and the first metro system in the world to be registered for carbon credits with the United Nations for its environmental measures.

Severe pollution pushes Delhi Metro to record its highest-ever daily ridership on November 18

In a massive move for the country’s growing climate woes, India is aiming to control weather phenomena like rainfall, lightning, and hail within five years. Dubbed "<keyword id="23131560" type="General" weightage="20" keywordseo="Mission-Mausam" source="keywords">Mission Mausam</keyword>," this government-backed initiative includes the development of <keyword id="23148975" type="General" weightage="20" keywordseo="Mausam-GPT" source="keywords">Mausam GPT</keyword>, a weather AI model designed to enhance prediction accuracy and even manipulate the weather. This would make India one of the first countries to experiment with <keyword id="21369368" type="General" weightage="100" keywordseo="weather-modification" source="keywords">weather modification</keyword> on a significant scale. <h2>Mission Mausam</h2>India’s "Mission Mausam" aims to reshape the future of weather management by using technology to control rain. Over the next 18 months, the government will start with lab simulations to either enhance or suppress rainfall. The ultimate goal, as outlined by Earth Sciences Secretary M. Ravichandran, is to roll out full-scale weather modification within five years. He stated that the initiative could even target events like Independence Day, where “one can think about suppressing rain.” By deploying <keyword id="20644540" type="General" weightage="20" keywordseo="cloud-seeding" source="keywords">cloud seeding</keyword> techniques alongside AI-driven weather prediction tools like "Mausam GPT," the mission seeks to significantly improve India’s ability to manage extreme weather conditions. A key aspect of the plan involves building a robust system of advanced radars, supercomputers, satellites with high-performance sensors, and GIS-based decision support systems. This cutting-edge tech is expected to boost India’s short- and medium-range weather forecasting accuracy by 5-10%, ensuring no event — such as cloudbursts — goes undetected. <div type="Article" hostid="261" msid="113251187" title="India braces for an intensely harsh winter as La Niña takes hold" mstype="2" mssubtype="0"></div>India is not new to weather manipulation efforts. The government has been running pilot projects, such as the Cloud Aerosol Interaction and Precipitation Enhancement Experiment (CAIPEEX) in Maharashtra, to study cloud properties and enhance rainfall. <h2>Why is weather manipulation necessary and is it safe?</h2>Extreme weather events in India, like deadly floods, droughts, and hailstorms, have noticeably increased in frequency due to <keyword id="19907392" type="General" weightage="20" keywordseo="climate-change" source="keywords">climate change</keyword>. Mission Mausam could potentially give India an edge in combating these disasters. For example, imagine preventing a flood by suppressing rain or creating artificial rain during a drought. India’s investment of Rs 2,000 crore over two years certainly reflects the seriousness of the mission, which is expected to expand further as research progresses. However, weather modification, including cloud seeding, is not without controversy. Globally, cloud seeding has had limited success, with countries like the US, Russia, and China also experimenting with these methods but facing inconsistent results. Even former MoES Secretary Madhavan Rajeevan has noted that “the technology is complex” and still in its developmental stages. <div type="Article" hostid="261" msid="112825937" title="Shivaji Maharaj Statue collapse: Identifying 5 reasons behind the accident" mstype="2" mssubtype="0"></div>Further, the potential downsides can't be ignored. While controlling the weather could save lives, meddling with natural processes is risky. Weather manipulation might have unintended ecological consequences, like shifting rainfall patterns that could harm ecosystems and agriculture. It may also pose geopolitical risks, as neighbouring countries could accuse India of altering weather systems that affect their own climates. Ultimately, while the idea of managing the weather may seem appealing, it opens up a Pandora’s box of environmental and ethical challenges that need careful consideration.

The Indian government is taking steps to control rainfall and weather within five years — is it too risky of a move?

<ul><li><keyword id="20025925" type="General" weightage="20" keywordseo="auto-sales" source="keywords">Auto sales</keyword> in August 2024 recorded a month-on-month decline.</li><li>One of the reasons for the decline in sales was excessive rainfall in the country.</li><li><keyword id="20108734" type="General" weightage="20" keywordseo="FADA" source="keywords">FADA</keyword> has urged banks and NBFCs to tighten funding for dealers with excessive inventory.</li></ul>Auto sales in India experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon season, according to a report by the Federation of Automobile Dealers Associations (FADA). The report highlighted a 7.01% month-on-month (MoM) decline in overall retail auto sales, falling from 20.34 lakh units in July to 18.91 lakh units in August. Despite this monthly decline in sales, the auto sector witnessed a modest 2.88% year-on-year (YoY) growth compared to August 2023. "India saw 15.9% <keyword id="22508938" type="General" weightage="20" keywordseo="excess-rainfall" source="keywords">excess rainfall</keyword>, with a significant surplus in key regions, disrupting auto retail performance," said a report by FADA. <h2>Decline in sales</h2>The report added that the two-wheeler (2W) segment, despite showing a 6.28% year-on-year growth, registered a 7.29% month-on-month decline. As per the report, market saturation and weather disruptions were the key factors behind the decline in two-wheeler sales. <div type="Article" hostid="261" msid="113016216" title="August auto sales – Maruti Suzuki, Tata Motors and others report a decline in sales" mstype="2" mssubtype="0"></div> In the passenger vehicle (PV) segment, there was a 4.53% YoY and 3.46% MoM decline, while the commercial vehicle (CV) segment recorded an 8.5% MoM and 6.05% YoY decline. FADA noted that weak industrial demand and weather-related challenges were major contributors to the significant drop in commercial vehicle sales. <h2>Inventory levels continue to be a challenge</h2>FADA also highlighted growing inventory challenges in the PV segment, with stock days ranging between 70-75 days, representing approximately 7.8 lakh vehicles valued at ₹77,800 crore. The report noted that these high inventory levels, combined with aggressive OEM dispatches have created cash flow pressures for dealers, impacting their profitability. "Dealers under pressure due to aggressive OEM dispatches, with dealers facing cash flow challenges and reduced profitability" the report said. <h2>FADA urges banks to tighten funding</h2>To address this, FADA has urged banks and NBFCs to tighten funding for dealers with excessive inventory. Additionally, the report emphasized the need for dealers and OEMs to recalibrate their supply strategies to avoid a potential inventory crisis. For the upcoming months, the report paints an optimistic picture with the festive season offering growth opportunities. However, it also noted that the auto retail market must navigate challenges posed by weather uncertainties and inventory management. With inputs from ANI. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/india-beats-the-us-to-emerge-as-the-second-biggest-market-for-5g-smartphones/articleshow/113095322.cms">India beats the US to emerge as the second-biggest market for 5G smartphones</a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-16-to-launch-on-september-9-design-specs-and-everything-we-know-so-far/articleshow/113091114.cms">Apple iPhone 16 to launch on September 9 – design, specs and everything we know so far</a> <a href="https://www.businessinsider.in/stock-market/webstories/shree-tirupati-balajee-agro-trading-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113082663.cms">Shree Tirupati Balajee Agro Trading IPO – Price band to risk factors, all you need to know</a>

FADA urges banks to tighten funding to dealers as rains play spoilsport in August

The deadly landslides in Kerala's ecologically fragile Wayanad district were triggered by a heavy burst of rainfall, made 10 per cent heavier by <keyword id="19907392" type="General" weightage="20" keywordseo="climate-change" source="keywords">climate change</keyword>, according to a new rapid attribution study by a global team of scientists. Researchers from India, Sweden, the US and the UK warned that such events will become more common as the climate continues to warm. To measure the impact of human-caused climate change, the scientists from the <keyword id="12008149" type="General" weightage="20" keywordseo="World-Weather-Attribution" source="Orion">World Weather Attribution</keyword> (WWA) group analysed climate models with high enough resolution to accurately reflect rainfall in the relatively small study area. The models indicated that the intensity of rainfall has increased by 10 per cent due to climate change, they said. The models also predict a further four per cent increase in rainfall intensity if the average <keyword id="21951013" type="General" weightage="20" keywordseo="global-temperature" source="keywords">global temperature</keyword> rises by two degrees Celsius compared to the 1850-1900 average. The scientists, however, said there is a "high level of uncertainty" in the model results as the study area is small and mountainous with complex rainfall-climate dynamics. Having said that, the increase in heavy one-day rainfall events aligns with a growing body of scientific evidence on extreme rainfall in a warming world, including in India, and the understanding that a warmer atmosphere holds more moisture, leading to heavier downpours. According to scientists, the atmosphere's capacity to hold moisture increases by about 7 per cent for every one-degree Celsius rise in global temperature. The Earth's global surface temperature has already increased by around 1.3 degrees Celsius due to the rapidly rising concentration of greenhouse gases, primarily carbon dioxide and methane. Scientists say this is the reason behind worsening <keyword id="19912530" type="General" weightage="20" keywordseo="extreme-weather-events" source="keywords">extreme weather events</keyword>, such as droughts, heat waves and floods worldwide. The WWA scientists said that while the relationship between land cover, land use changes and landslide risk in Wayanad is not fully clear from existing studies, factors, such as quarrying for building materials and a 62 per cent reduction in forest cover may have increased the slopes' susceptibility to landslides during heavy rainfall. Other researchers have also linked the <keyword id="22597176" type="General" weightage="100" keywordseo="Wayanad-landslides" source="keywords">Wayanad landslides</keyword> to a combination of forest cover loss, mining in fragile terrain and prolonged rain followed by heavy precipitation. S Abhilash, the director of the Advanced Centre for Atmospheric Radar Research at Cochin University of Science and Technology (CUSAT), had earlier told PTI that the warming of the Arabian Sea is leading to the formation of deep cloud systems, resulting in extremely heavy rainfall in Kerala in a short period and increasing the risk of landslides. "Our research found that the southeast Arabian Sea is becoming warmer, causing the atmosphere above Kerala to become thermodynamically unstable. This instability is allowing the formation of deep clouds," he had said. According to the landslide atlas released by ISRO's National Remote Sensing Centre last year, 10 out of the top 30 landslide-prone districts in India are in Kerala, with Wayanad ranked at the 13th spot. A study published by Springer in 2021 said all landslide hotspots in Kerala are in the Western Ghats region and are concentrated in Idukki, Ernakulam, Kottayam, Wayanad, Kozhikode and Malappuram districts. It said about 59 per cent of total landslides in Kerala have occurred in plantation areas. A 2022 study on depleting forest cover in Wayanad showed that 62 per cent of forests in the district disappeared between 1950 and 2018, while plantation cover rose by around 1,800 per cent.

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Bitcoin ETFs see highest daily outflows ever as traders brace for Election Day volatility

Kelly Cloonan

Severe pollution pushes Delhi Metro to record its highest-ever daily ridership on November 18

PTI

The Indian government is taking steps to control rainfall and weather within five years — is it too risky of a move?

Ankush Banerjee

FADA urges banks to tighten funding to dealers as rains play spoilsport in August

Sourabh Jain

Wayanad landslides linked to 10% heavier rainfall due to climate change: Study

PTI

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