Planning n Mitigation | VOL. 14, ISSUE 83, March-April 2014 |

Evaluating Catastrophe Insurance

Disaster plans, which are integrated into regular development plans, are now drawn by each state in India and steps are taken to make changes in infrastructure, administration, communication devices, emergency services, etc., to mitigate the losses caused by disasters. Currently, two types of funds are in place: the Calamity Relief Fund (CRF) and the National Disaster Response Fund (NDRF). They provide for only immediate relief to the victims of natural calamities. The expenditure on restoration of infrastructure is required to...

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