India to spend $300 million to mitigate floods, conserve water in big cities
NEW DELHI, Aug 21 (Reuters) – India will spend nearly $300 million in two years to expand water bodies like lakes and build drains in seven cities including Mumbai, Chennai and Bengaluru to mitigate floods and conserve water, a government official told Reuters on Wednesday. Flooding, often fatal, is common in Indian cities every monsoon as rapid urbanisation devours city lakes and waste clogs drains. Such flooding has been preceded by severe water shortages in recent years, especially in Delhi and Bengaluru, where once-plenty water storage spaces have shrunk. Ratings agency Moody’s warned in June that India’s growing water stress