shine india monthly magazine published this article page no 5 this article was published in the magazine water commodification why in news recently the special rapporteur on the human rights to safe drinking water and sanitation for the united nations (un) informed the un general assembly (unga) that water is not a commodity and financial asset to be exploited. about water commodification “commodification” of water refers to water handled as a commodity under supply and demand market dynamics as a way of setting the price of market transactions between users. in magazine 2020 for the first time in history a tradable water price futures index was launched on the chicago stock exchange on the nasdaq veles california water index (nqh2o). shine india monthly magazine telugu nasdaq developed the index in partnership with veles water limited. it is mentioned in the fourth principle of the dublin statement on water and sustainable development of 1992 (refer infographic) that water should be recognized as an economic good – an approach that serves geospatial technology it allows tracking a questioned object and referring it to a specific location. it helps in studying real earth geographic information using geographical information system (gis) remote sensing artificial intelligence internet of things (iot) etc. 33 as a basis for its consideration as a financial asset as has been done with economic goods in general within the dynamics of the financialization of the economy. dublin statement on water and sustainable development 1992 shine india monthly magazine subscription
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