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Financing India’s Disaster Risk Resilience Strategy: Executive Summary

dc.contributor.authorSaon Ray
dc.contributor.authorSamridhi Jain
dc.contributor.authorVasundhara Thakur
dc.description.abstractIn this paper, we try to cover a whole range of polices and schemes that have been undertaken in India to finance disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophes by integrating DRR and climate change adaptation strategies for the purpose of mainstreaming them into centrally sponsored schemes. It briefly talks about synergising risk reduction efforts with sustainable development goals through the Sendai Framework. This framework calls for all-inclusive collective action from private stakeholders and local governments, while unambiguously stating the primary role of a state. The paper reflects briefly on the gaps since the advent of these policies and suggests methods for financing based on experiences of other countries. Then the focus of the paper shifts towards insurance and reinsurance mechanisms used in other countries for financing these catastrophes. It underlines a concept that resilience can be attained only through building better infrastructure for reducing shocks and these instruments can be financed by introducing new financial tools which deal with climate change from its very inception. Infrastructure creation is an ineluctable component of economic growth and development. It points out that the success of any economy is heavily dependent on its infrastructure network and assets – existing and planned – and ignoring the ‘resilience’ aspect in infrastructure management and investment would mean additional vulnerabilities and serious negative impacts on efforts towards sustainable development and a low carbon future. Scaling up resilient infrastructure will also bring numerous co-benefits by diffusing development across sectors. Despite the suite of reforms that have been initiated in shifting towards resilient infrastructure and disaster funds, implementation of these reforms has been poor. These reforms are stalled by the weakness in execution and layers and sub-layers involved in delivering these services.
dc.publisherIndian Council for Research on International Economic Relations
dc.titleFinancing India’s Disaster Risk Resilience Strategy: Executive Summary
dc.typeWorking Papers
dc.subject.expertUrban Development Finance
dc.subject.expertTrade Finance
dc.subject.expertSmall Business Finance
dc.subject.expertRural Finance
dc.subject.expertRoundtable on International Trade and Finance
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Service Finance
dc.subject.expertPublic Finance
dc.subject.expertProject Finance
dc.subject.expertPrivate Finance
dc.subject.expertNonbank Financing
dc.subject.expertNon-Bank Financial Institutions
dc.subject.expertMunicipal Finance
dc.subject.expertLocal Government Finance
dc.subject.expertLocal Currency Financing
dc.subject.expertLimited Resource Financing
dc.subject.expertInternational Financial Institutions
dc.subject.expertInfrastructure Financing
dc.subject.expertIndustrial Finance
dc.subject.expertGovernment Financial Institutions
dc.subject.expertGovernment Finance
dc.subject.expertFinancing of Infrastructure
dc.subject.expertFinancial Sector Development
dc.subject.expertFinancial Regulation Disaster preparedness
dc.subject.expertDisaster prevention
dc.subject.expertDisaster management
dc.subject.expertEmergency relief
dc.subject.expertFlood control
dc.subject.expertFire prevention
dc.subject.expertNatural disasters
dc.subject.expertMan-made disasters
dc.subject.expertPost-conflict recovery
dc.subject.expertFragile states
dc.subject.expertRisk Financing
dc.subject.adbPublic Accounting
dc.subject.adbNational Budget
dc.subject.adbMunicipal Bonds
dc.subject.adbLocal Government
dc.subject.adbLocal Taxes
dc.subject.adbInternational Monetary Relations
dc.subject.adbInternational Financial Market
dc.subject.adbInternational Banking
dc.subject.adbCentral Banks
dc.subject.adbBusiness Financing
dc.subject.adbCapital Resources
dc.subject.adbBudgetary Policy
dc.subject.adbCapital Needs
dc.subject.adbCorporate Divestiture
dc.subject.adbCapital Instruments
dc.subject.adbPension Funds
dc.subject.adbInsurance Companies
dc.subject.adbPortfolio Management
dc.subject.adbFiscal Administration
dc.subject.adbEconomics of Education
dc.subject.adbDevelopment Banks
dc.subject.naturalLabor policy
dc.subject.naturalManpower policy
dc.subject.naturalBusiness recessions
dc.subject.naturalMultilateral development banks
dc.subject.naturalRegulatory reform
dc.subject.naturalEconomic development projects
dc.subject.naturalEconomic policy
dc.subject.naturalEconomic forecasting
dc.subject.naturalInvestment Requirements
dc.subject.naturalInternational banks and banking
dc.subject.naturalCapital movements
dc.subject.naturalCentral banks and banking
dc.subject.naturalUse tax
dc.subject.naturalTaxing power
dc.subject.naturalState of taxation
dc.subject.naturalTax revenue estimating
dc.subject.naturalTax planning
dc.subject.naturalSpendings tax
dc.subject.naturalSpecial assessments
dc.subject.naturalTax administration and procedure
dc.subject.naturalSales tax
dc.subject.naturalReal property and taxation
dc.subject.naturalProgressive taxation
dc.subject.naturalEffect of taxation on land use
dc.subject.naturalEffect of taxation on labor supply
dc.subject.naturalIntergovernmental tax relations
dc.subject.naturalInheritance and transfer tax
dc.subject.naturalEnergy tax
dc.title.seriesICRIER Working Papers
dc.title.volumeNo. 404
dc.contributor.imprintIndian Council for Research on International Economic Relations
oar.adminregionSouth Asia Region
oar.authorRay, Saon
oar.authorJain, Samridhi
oar.authorThakur, Vasundhara

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