Latest news with #DRR
Time of India
9 hours ago
- Business
- Time of India
India calls for global facility for disaster risk reduction
New Delhi: India has called for the creation of a new global facility, backed by the United Nations and multilateral financial institutions, to provide catalytic funding, technical assistance, and a platform for knowledge exchange to boost disaster risk reduction (DRR) efforts across the world. Addressing an UN ministerial roundtable on DRR financing in Geneva, PK Mishra, principal secretary to the prime minister, underscored the absence of a dedicated international financial mechanism to support establishment and strengthening of DRR financing systems. DRR financing is crucial for vulnerable nations to prepare for and mitigate the impacts of escalating climate-related disasters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esta é a melhor maneira de se livrar de pólipos na pele! Conselhos E Truques Undo Mishra reaffirmed India's commitment to leadership and collaboration in developing a DRR financing framework that is nationally driven by each country, yet internationally supported. Underlining the need for diverse financial instruments beyond public finance, he said mechanisms such as risk pooling, insurance, and innovative financial tools should be developed in alignment with local affordability and fiscal sustainability. Live Events
Mint
9 hours ago
- Business
- Mint
India calls for dedicated global funding mechanism for tackling disaster risks
New Delhi: India has called for a dedicated international mechanism to support the establishment and strengthening of financing systems to help nations mitigate disaster risks. Speaking at the Ministerial Roundtable on Disaster Risk Reduction (DRR) Financing at Geneva on 4 June, P.K. Mishra, principal secretary to prime minister Narendra Modi, called for the creation of a global facility, backed by the UN system and multilateral financial institutions, to provide catalytic funding, technical assistance, and a platform for knowledge exchange, according to a statement issued by the Prime Minister's Office on Friday. The roundtable was convened by the United Nations Office for Disaster Risk Reduction (UNDRR) He echoed India's longstanding complaint of the absence of global financing for addressing climate risks. On 29 May, in an address to students of Delhi University, finanace minister Nirmala Sitharaman said that even as countries like India have committed to a greener future, they are having to find their own resources in the absence of global funding, as reported by Mint. She had added that India is continuously working with multilateral institutions to make sure they have enough leverage with their funds to finance the common cause of climate action. Speaking on India's approach to disaster risk reduction, Mishra said that the country's financing system was built on four key principles. This includes dedicated financial windows for preparedness, mitigation, relief, and recovery. Second, prioritization of the needs of affected people and vulnerable communities. The third is accessibility of financial resources across all government levels—central, state, and local. Fourth, accountability, transparency, and measurable outcomes guiding all expenditures. Emphasizing on the importance of predetermined, rules-based allocations flowing from national to state and district levels, Mishra added that the Disaster Management Act of 2005 ensured that disaster financing in the country is structured and predictable rather than reactive. Mishra stressed that disaster risk financing must be nationally owned and driven, complemented by international cooperation. The G20 presidency drove efforts to reduce disaster risks by setting up the Disaster Risk Reduction (DRR) Working Group in the 18th meeting of the G20, hosted by India on 9 and 10 September, 2023. In the G20 New Delhi Leaders' Declaration, the G20 leaders reaffirmed their commitment to the UN's Sendai Framework for Disaster Risk Reduction (SFDRR), which aims to reduce disaster risks and losses globally. To achieve this, they agreed to support building up capabilities of all countries, especially lesser developed countries to strengthen climate resilience of infrastructure systems.
Business Standard
16 hours ago
- Business
- Business Standard
Disaster Risk Reduction Financing central to effective functioning of national disaster management systems for India
Principal Secretary to the Prime Minister, P. K. Mishra, recently addressed the Ministerial Roundtable on Disaster Risk Reduction (DRR) Financing at Geneva on 04th June 2025. He commended the UNDRR and its partners for convening this critical discussion. India also recognized the contributions of Brazil and South Africa in continuing the global dialogue through their G20 presidencies. Mishra underscored that DRR financing is not a peripheral issue but central to the effective functioning of national disaster management systems and the safeguarding of development gains in the face of rising climate and disaster risks. He reaffirmed Indias belief that a strong and responsive DRR financing architecture is a cornerstone of resilience. Highlighting Indias journey in DRR financing, he noted that initial allocations by early Finance Commissions amounted to INR 60 million (approximately USD 0.7 million). The cumulative outlay under the 15th Finance Commission exceeds INR 2.32 trillion (approximately USD 28 billion).
India Gazette
a day ago
- Health
- India Gazette
India participates in G20 Disaster Risk Reduction Working Group Roundtable, emphasises strengthening int'l cooperation
Geneva [Switzerland], June 6 (ANI): Principal Secretary to Prime Minister, PK Mishra, participated in the G20 Disaster Risk Reduction (DRR) Working Group Roundtable on the margins of the Global Platform for Disaster Risk Reduction (GPDRR) in Geneva on Thursday and emphasised strengthening international cooperation. During the meeting, Mishra discussed the G20's unique role in advancing global disaster risk reduction by combining economic capacity with development imperatives. In a post on X, Permanent Mission of India at United Nations in Geneva, stated, 'Principal Secretary to PM participated in G20 DRR Working Group Roundtable on the margins of #GPDRR2025 in Geneva. Discussed G20's unique role in advancing global disaster risk reduction by combining economic capacity with development imperatives. Emphasized strengthening international cooperation and building collective resilience.' PK Mishra also held a meeting with World Health Organisation (WHO) Director-General Tedros Adhanom Ghebreyesus in Geneva and discussed India's collaboration with WHO on global public health matters. He reiterated India's support for the 2nd WHO Traditional Medicine Summit, which is set to be held in New Delhi, and the WHO Global Traditional Medicine Centre in Jamnagar. 'Principal Secretary to PM, Dr. P K. Mishra, met DG @DrTedros on the margins of #GPDRR in Geneva. Discussed India's collaboration with @WHO on global public health matters. Reiterated India's support to the 2nd WHO Global Traditional Medicine Summit to be held in New Delhi in December 2025, and to the WHO Global Traditional Medicine Centre in Jamnagar,' Permanent Mission of India at UN in Geneva posted on X. PK Mishra warmly welcomed African Union as a member of CDRI, with African Union Commissioner Moses Vilakati, in the presence of CDRI co-Chair representative from Permanent Mission of France to the UN in Geneva. In a post on X, Permanent Mission of India at UN in Geneva stated, 'On WorldEnvironmentDay - expanding partnerships for resilient futures! On the margins of #GPDRR2025 Geneva, Dr. P.K. Mishra, Principal Secretary to PM & co-Chair of @cdri_world General Council, warmly welcomed the @_AfricanUnion as a member of CDRI, with AU Commissioner H.E. @MosesVilakati, in the presence of CDRI co-Chair representative from @FranceONUGeneva. Another milestone after the #AU becoming a permanent G20 member during India's Presidency in 2023.' During his visit to Geneva, K Mishra highlighted India's robust Disaster Risk Reduction (DRR) financing system--cumulatively exceeding USD 28 billion--and called for concrete, time-bound outcomes and the creation of a global facility for catalytic funding, technical assistance, and knowledge exchange. While delivering India's statement at the 8th Global Platform for Disaster Risk Reduction (GPDRR) 2025 in Geneva on Wednesday (local time), Mishra commended the United Nations Office for Disaster Risk Reduction (UNDRR) and its partners for convening the ministerial roundtable on DRR financing, emphasising that its journey from a USD 1 million allocation to a projected USD 42 billion under the 16th Finance Commission underscores the importance of a rule-based, structured financing architecture backed by the Disaster Management Act of 2005. 'India commends the UNDR and its partners for convening this important ministerial roundtable on Disaster Risk Reduction (DRR) financing. We also appreciate the efforts made by Brazil and South Africa in continuing the global dialogue on this vital subject through their respective G20 presidencies,' Mishra noted in the opening statement. 'For India, DRR financing is not a territorial issue -- it is central to the effective functioning of disaster management systems and the protection of development gains in an era of escalating climate and disaster risks. India believes that a robust and responsive DRR financing architecture is a cornerstone of resilience. Our journey has evolved steadily and purposefully -- starting from an allocation of approximately USD 1 million through the early Finance Commissions, our cumulative outlay now exceeds USD 28 billion and is expected to rise to USD 42 billion under the 16th Finance Commission. India's experience underscores the importance of rule-based, pre-determined allocations that flow seamlessly from the national to the state and district levels. This system is backed by a strong legislative foundation -- the Disaster Management Act of 2005 -- which has transformed disaster financing from a reactive mechanism into a structured and predictable system,' he further added. According to a post on X by the Permanent Mission of India at Geneva, India showcased the world's largest DRR financing system. 'Principal Secretary to PM delivered India's statement at GPDRR 2025 Geneva, showcasing the world's largest nationally anchored DRR financing system. Called for concrete, time-bound outcomes and creation of a global facility for catalytic funding, technical assistance & knowledge exchange,' the post stated. (ANI)
India Gazette
2 days ago
- Business
- India Gazette
India showcases world's largest DRR financing system at UN disaster platform in Geneva
Geneva [Switzerland], June 5 (ANI): Principal Secretary to the Prime Minister, PK Mishra, highlighted India's robust Disaster Risk Reduction (DRR) financing system--cumulatively exceeding USD 28 billion--and called for concrete, time-bound outcomes and the creation of a global facility for catalytic funding, technical assistance, and knowledge exchange. While delivering India's statement at the 8th Global Platform for Disaster Risk Reduction (GPDRR) 2025 in Geneva on Wednesday (local time), Mishra commended the United Nations Office for Disaster Risk Reduction (UNDRR) and its partners for convening the ministerial roundtable on DRR financing, emphasising that its journey from a USD 1 million allocation to a projected USD 42 billion under the 16th Finance Commission underscores the importance of a rule-based, structured financing architecture backed by the Disaster Management Act of 2005. 'India commends the UNDR and its partners for convening this important ministerial roundtable on Disaster Risk Reduction (DRR) financing. We also appreciate the efforts made by Brazil and South Africa in continuing the global dialogue on this vital subject through their respective G20 presidencies,' Mishra noted in the opening statement. 'For India, DRR financing is not a territorial issue -- it is central to the effective functioning of disaster management systems and the protection of development gains in an era of escalating climate and disaster risks. India believes that a robust and responsive DRR financing architecture is a cornerstone of resilience. Our journey has evolved steadily and purposefully -- starting from an allocation of approximately USD 1 million through the early Finance Commissions, our cumulative outlay now exceeds USD 28 billion and is expected to rise to USD 42 billion under the 16th Finance Commission. India's experience underscores the importance of rule-based, pre-determined allocations that flow seamlessly from the national to the state and district levels. This system is backed by a strong legislative foundation -- the Disaster Management Act of 2005 -- which has transformed disaster financing from a reactive mechanism into a structured and predictable system,' he further added. According to a post on X by the Permanent Mission of India at Geneva, India showcased the world's largest DRR financing system. 'Principal Secretary to PM delivered India's statement at GPDRR 2025 Geneva, showcasing the world's largest nationally anchored DRR financing system. Called for concrete, time-bound outcomes and creation of a global facility for catalytic funding, technical assistance & knowledge exchange,' the post stated. Mishra also held bilateral engagements with Kenya's Cabinet Secretary Kipchumba Murkomen on the sidelines of the summit, focusing on strengthening India-Kenya cooperation in disaster risk reduction and sharing best practices. 'Principal Secretary to PM meets Cabinet Secretary Kipchumba Murkomen of Kenya on the sidelines of GPDRR2025 Geneva. Productive discussions on strengthening India-Kenya cooperation in various areas, including disaster risk reduction, sharing best practices in DRR, and building resilient communities together,' the Permanent Mission of India at Geneva stated in a post on X. The Principal Secretary also held another productive discussion with the Philippines' Secretary Renato U. Solidum Jr, exploring synergies in DRR to build resilient futures. 'Productive bilateral engagement at GPDRR 2025 Geneva, as Principal Secretary to PM holds discussions with DOST Philippines. Secretary Renato U. Solidum Jr of Philippines. Exploring synergies in DRR, building bonds for safer, more resilient futures!' The Permanent Mission of India at Geneva stated in another post on X. (ANI)
