• Latest
finance Commission earmarks

15th Finance Commission earmarks a record $29 bn to states over 5 years to cut disaster risk

June 18, 2024
Smriti, Jemimah & Deepti named in ICC Women’s World Cup Team

Smriti, Jemimah & Deepti named in ICC Women’s World Cup Team

November 4, 2025
Rupee

Indian employees report lowest level of pay unfairness worldwide

November 4, 2025
India sends first consignment of fortified rice to Costa Rica

India sends first consignment of fortified rice to Costa Rica

November 4, 2025
steel

Centre launches third round of PLI scheme for specialty steel

November 4, 2025
India, Romania to boost supply chains within India-EU economic framework

India, Romania to boost supply chains within India-EU economic framework

November 4, 2025
Meeting held to strengthen India's cooperation with League of Arab States

Meeting held to strengthen India’s cooperation with League of Arab States

November 3, 2025
Adani Solar

India’s solar capacity to touch 216 GW in FY28

November 3, 2025
hiring

White‑collar hiring strong in October; education, finance up 13 to 15 pc

November 3, 2025
trump

Pakistan testing nuclear weapons, says Trump

November 3, 2025
India-clinch-womens-World-Cup;-BCCI-announces-Rs-51-cr-reward

India clinch womens World Cup; BCCI announces Rs 51 cr reward

November 3, 2025
Israel receives bodies of three hostages from Hamas

Israel receives bodies of three hostages from Hamas

November 3, 2025
jitendra

Digital Life Certificate campaign 4.0 aims to reach 2 crore pensioners

November 3, 2025
Blitzindiamedia
Contact
  • Blitz Highlights
    • Special
    • Spotlight
    • Insight
    • Education
    • Health
    • Sports
    • Entertainment
  • Opinion
  • Legal
  • Perspective
  • Nation
    • East
    • West
    • North
    • South
  • Business & Economy
  • World
  • Hindi Edition
  • International Editions
    • US (New York)
    • UK (London)
    • Middle East (Dubai)
    • Tanzania (Africa)
  • Blitz India Business
No Result
View All Result
  • Blitz Highlights
    • Special
    • Spotlight
    • Insight
    • Education
    • Health
    • Sports
    • Entertainment
  • Opinion
  • Legal
  • Perspective
  • Nation
    • East
    • West
    • North
    • South
  • Business & Economy
  • World
  • Hindi Edition
  • International Editions
    • US (New York)
    • UK (London)
    • Middle East (Dubai)
    • Tanzania (Africa)
  • Blitz India Business
No Result
View All Result
World's first weekly chronicle of development news
No Result
View All Result

15th Finance Commission earmarks a record $29 bn to states over 5 years to cut disaster risk

by Sanjay jog
June 18, 2024
in News
finance Commission earmarks

sanjay jogA three day 2nd Disaster Risk Reduction Working Group meeting of G20 countries during May 23 and 25 in Mumbai will hold extensive deliberations on Global coverage of Early Warning Systems for all hydro-meteorological disasters, Increased commitment towards making infrastructure systems disaster and climate resilient, Stronger national financial frameworks for disaster risk reduction, Strengthened national and global disaster response system to address the consequences of increasing frequency and intensity of disasters and Increased application of ecosystems-based approaches to disaster risk. The National Disaster Management Authority (NDMA) member secretary Kamal Kishore, who was accompanied by member Let Gen Syed ATA Hasnain (retired), on Monday told reporters that India and other countries can share their experiences and cooperate in further strengthening the disaster risk reduction which will cover the entire spectrum including disaster preparedness, disaster response, disaster resilience and recovery.

  • Disaster Risk Financing to take centre stage at Second G-20 DRRWG Meeting from May 23-25, 2023
  • 2nd DRRWG Meeting in Mumbai follows the Mid-Term Review (MTR) of the Sendai Framework for Disaster Risk Reduction 2015-2030

Kishore said that India has already evolved the mechanism for financing disaster management. He added that the 15th Finance Commission has already earmarked $29 billion over five years (2021-2025) for states to cut disaster risk and for disaster management, response, reconstruction and recovery. This apart, the working group will hold discussions with private sector players on financing risk prevention (financing disaster risk reduction). ‘The working group will discuss the possibilities of horizontal collaboration with the private sector,’’ he noted. He however, declined to divulge details with regard to the participation of private sector companies at Tuesday’s discussion.

YOU MAY ALSO LIKE

Smriti, Jemimah & Deepti named in ICC Women’s World Cup Team

Indian employees report lowest level of pay unfairness worldwide

This meeting has been strategically planned to immediately follow the Mid-Term Review (MTR) of the Sendai Framework for Disaster Risk Reduction 2015-2030, organized by the President of the General Assembly at the United Nations Headquarters in New York from May 18th to 19th, 2023. Within this context, the G-20 platform stands resolute in its commitment to delivering all-encompassing solutions in alignment with the objectives of the Sendai Framework.

The three day working group meeting takes place at a time when G20 countries have a high level of exposure to disaster risk, with a combined estimated Annual Average Loss of $218 billion or 9% of their average annual investment in infrastructure. G20 Leaders’ declarations have from time to time acknowledged the importance of disaster risk reduction and resilience. However, the issue has not been addressed by the G20 in a comprehensive and sustained manner. A new working group on Disaster Risk Reduction has therefore been established under India’s Presidency to encourage collective work by the G20, undertake multi-disciplinary research and exchange best practices on disaster risk reduction.

India on assuming the Presidency of the G20 from Indonesia established the first G20 working group on Disaster Risk Reduction, to encourage collective work by the G20, undertake multi-disciplinary research and exchange best practices on disaster risk reduction.

‘’Growing disasters around the world, the majority of which are currently driven by climate change, but also bearing in mind the destructive power of deadly geophysical hazards, threaten the lives of millions and are taking an increasing toll on economic development,’’ said NDMA.

Kishore said that the discussions will cover the entire spectrum of all hazards including cyclones, landslide with a focus on knowledge and experience management. He added that India has invested in building disaster preparedness and management. ‘’Two zone states have already established the State Disaster Response Fund (SDRF). Kishore noted that India sent its teams to Syria and Turkey during earthquakes to contribute towards disaster relief.

Moreover, the DRRWG will host side events highlighting the significance of infrastructure risk assessment tools and data platforms, as well as the importance of adopting a ‘build back better’ approach that integrates ecosystem-based strategies and engages local communities. Additionally, the meeting will address various other agendas, such as establishing a national framework, incentivizing private investments, and supporting disaster preparedness, which will contribute to building a more resilient future.

The second DRRWG meeting will have a substantial attendance from G20 member countries, invited nations, international organizations, and important Indian key stakeholders, including the National Disaster Management Authority, Ministry of External Affairs, National Institute of Disaster Management, and National Disaster Response Force.

Previous Post

India to become biggest chip producer in next 5 yrs: Vaishnaw

Next Post

International Biodiversity Day is about need to create environmental consciousness, Bhupender Yadav

Related Posts

Smriti, Jemimah & Deepti named in ICC Women’s World Cup Team
News

Smriti, Jemimah & Deepti named in ICC Women’s World Cup Team

November 4, 2025
Rupee
News

Indian employees report lowest level of pay unfairness worldwide

November 4, 2025
India sends first consignment of fortified rice to Costa Rica
News

India sends first consignment of fortified rice to Costa Rica

November 4, 2025
steel
News

Centre launches third round of PLI scheme for specialty steel

November 4, 2025
India, Romania to boost supply chains within India-EU economic framework
News

India, Romania to boost supply chains within India-EU economic framework

November 4, 2025
Meeting held to strengthen India's cooperation with League of Arab States
News

Meeting held to strengthen India’s cooperation with League of Arab States

November 3, 2025
Please login to join discussion

Recent News

Smriti, Jemimah & Deepti named in ICC Women’s World Cup Team

Smriti, Jemimah & Deepti named in ICC Women’s World Cup Team

November 4, 2025
Rupee

Indian employees report lowest level of pay unfairness worldwide

November 4, 2025
India sends first consignment of fortified rice to Costa Rica

India sends first consignment of fortified rice to Costa Rica

November 4, 2025
steel

Centre launches third round of PLI scheme for specialty steel

November 4, 2025
India, Romania to boost supply chains within India-EU economic framework

India, Romania to boost supply chains within India-EU economic framework

November 4, 2025
Meeting held to strengthen India's cooperation with League of Arab States

Meeting held to strengthen India’s cooperation with League of Arab States

November 3, 2025
Adani Solar

India’s solar capacity to touch 216 GW in FY28

November 3, 2025
hiring

White‑collar hiring strong in October; education, finance up 13 to 15 pc

November 3, 2025
trump

Pakistan testing nuclear weapons, says Trump

November 3, 2025
India-clinch-womens-World-Cup;-BCCI-announces-Rs-51-cr-reward

India clinch womens World Cup; BCCI announces Rs 51 cr reward

November 3, 2025
Israel receives bodies of three hostages from Hamas

Israel receives bodies of three hostages from Hamas

November 3, 2025
jitendra

Digital Life Certificate campaign 4.0 aims to reach 2 crore pensioners

November 3, 2025

Blitz Highlights

  • Special
  • Spotlight
  • Insight
  • Entertainment
  • Health
  • Sports

International Editions

  • US (New York)
  • UK (London)
  • Middle East (Dubai)
  • Tanzania (Africa)

Nation

  • East
  • West
  • South
  • North
  • Hindi Edition

E-paper

  • India
  • Hindi E-paper
  • Dubai E-Paper
  • USA E-Paper
  • UK-Epaper
  • Tanzania E-paper

Useful Links

  • About us
  • Contact
  • Team
  • Privacy Policy
  • Sitemap

©2024 Blitz India Media -Building A New Nation

    No Result
    View All Result
    • Blitz Highlights
      • Special
      • Spotlight
      • Insight
      • Education
      • Sports
      • Health
      • Entertainment
    • Opinion
    • Legal
    • Perspective
    • Nation
      • East
      • West
      • North
      • South
    • Business & Economy
    • World
    • Hindi Edition
    • International Editions
      • US (New York)
      • UK (London)
      • Middle East (Dubai)
      • Tanzania (Africa)
    • Download
    • Blitz India Business

    © 2025 Blitz India Media -BlitzIndia Building A New Nation