With climate disasters impacting the Indian economy, a committee under National Disaster Management Authority (NDMA) and department of financial services on disaster risk reduction, is working on introducing a single peril parametric insurance product in the Indian market, people said.
4 min read3 Mar 2025Given India’s seismic vulnerability, we must strengthen our protective shield in preparation for a significant event. A state-run scheme could rely on reinsurance. The government could also issue catastrophe bonds and incentivize home insurance.
4 min read27 Feb 2025Between January and October, India witnessed extreme weather events in 93% of the days – 255 out of 274 days – killing over 3,200 people, the Centre for Science and Environment (CSE) said in a report released earlier this month.
2 min read26 Nov 2024It took the rescuers around three hours to remove debris and pull out the earthmover’s driver from inside the heavily damaged cabin of the machine, after the incident in Ladakh
1 min read3 Aug 2024Over 3,000 people evacuated as excess water release from Bhakra and Pong dams causes flooding in Punjab.
1 min read17 Aug 2023Nearly 1.2 lakh people are affected by floods in Assam’s 20 districts, with several rivers flowing above the danger level mark due to torrential rains in Assam, neighbouring states, and Bhutan. Relief camps have been set up, and rescue operations are underway.
2 min read22 Jun 2023Yesterday, four vehicles were buried under snow following an avalanche near the Zojila pass in Ladakh’s Kargil district
1 min read17 Apr 2023The health ministry wants to train senior officials who have it from other ministries to try and plug a gap that often results in loss of critical time in finding solutions.
1 min read10 Apr 2023With the country regularly facing health exigencies, the plan is to educate people on health-related issues
1 min read3 Apr 2023The potential consequences of a heatwave make it imperative for authorities to take proactive measures.
2 min read13 Mar 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared