Incessant rainfall has triggered landslides in Gasuapara region of...
Category:
Disaster & Management
Latest
More than 1-in-3 people globally vulnerable to flood Risk, says Moody’s
South Asia is the most flood-prone region, with almost 40% of its...
Govt allows non-forest depts to undertake disaster prevention work in forest areas
In a letter to states and Union territories on Tuesday, the...
Maha July rains: Rs 2,500 cr loss to industrial units in Mahad, Chiplun
Manufactured products, machinery and raw material in industrial estates spread over 2,000 acres in Mahad and New Mahad were severely affected and the loss may be in the range of Rs 2,000 crore, while 50 of the 161 units in Chiplun industrial estate had suffered major damage, he said.
He said the rains had damaged roads and bridges in the industrial area, while water-logging in the MIDC office had soiled some documents, though efforts were on to ensure administration work was not hampered.
German and Chinese insurers endure their costliest natural disasters as IPCC confirms rise in extreme weather events: Aon report
Total economic losses due to catastrophic events across the globe exceed $52 billion. Seasonal monsoon flooding and associated convective storms continued in India throughout July, including a particularly intense spell from July 22-28. Hundreds of people were killed in July as the seasonal death toll rose to 534. The total economic loss in India increased to at least $1.6 billion; most of which is uninsured.
Maha: 64 kin of victims of twin landslides in Raigad receive Rs 5 lakh compensation each
The kin of the victims is given Rs 5 lakh, including Rs 4 lakh from the State Disaster Management Fund and Rs 1 lakh from the Chief Minister’s Fund. They are now awaiting a Rs 2 lakh compensation from the Prime Minister Fund, an official statement said.
Will RBI joining NGFS help in climate finance?
The 22nd Financial Stability Report (FSR22) of the RBI had, about the “climate-related risk” that the value of financial assets/liabilities could be affected either by continuation in climate change (physical risks), or by an adjustment towards a low-carbon economy (transition risks). The manifestation of physical risks could lead to a sharp fall in asset prices and increase in uncertainty, it said.
AIIB provides $125 million funding for Kerala’s climate adaptation and disaster resilience
An estimated 49.6 million people will benefit from the loan, part of a comprehensive $ 530-million package cofinanced by the Government of Kerala, the World Bank Group’s International Bank for Reconstruction and Development and the French Development Agency.
Two key government programs will benefit from the financial injection—the Rebuild Kerala Development Program and the State Health Mission—both of which aim to improve state governments’ institutional resilience.
Rajasthan announces Rs 5 lakh compensation for kin of those killed in rain-related incidents
Under the State Disaster Relief Fund (SDRF) rules, financial assistance of Rs 4 lakh is provided to the dependent of the deceased. An additional sum of Rs 1 lakh will be provided to the family members of the deceased and in total, Rs 5 lakh will be provided as relief, an official statement said.
India needs low-cost capital to fuel green energy projects: Kant
Kant noted that the government has pushed for green energy and India is the fourth largest in the world in renewable energy installed capacity.
Bengal flood situation improves with decrease in rainfall, water receding
The district authorities have been instructed to keep adequate rations, medicines and clothes at the shelters and to be ready to tackle the outbreak of any water-borne diseases. At least 23 people died in the flood. A Damodar Valley Corporation official said it released 40,000 cusec of water from its barrages on Sunday.
Several places in Purba Bardhaman, Paschim Bardhaman, Birbhum, Paschim Medinipur, Hooghly, Howrah and South 24 Parganas have been affected by floods owing to heavy rain and overflowing rivers.
8,832 rescued, 29,280 shifted from flood-hit areas in MP: Chouhan
State officials have earlier said that Gwalior and Chambal divisions in north Madhya Pradesh have been hit hard by rains over the last few days and at least 12 persons have died so far.
Moody’s to acquire risk modelling firm RMS for $2 billion
The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the company’s global integrated risk capabilities to address the next generation of risk assessment.
With over 400 risk models covering 120 countries, RMS is the world’s leading provider of climate and natural disaster risk modeling serving the global property and casualty (P&C) insurance and reinsurance industries.