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Full Description
This book examines the political-economic perspective on the strategic dimensions of disaster risk financing in India. It argues that financing is an essential part of disaster governance and needs periodic review. While disaster governance is a relatively recent development in India, disaster financing began in 1957 with the introduction of the Margin Money Scheme by the Second Finance Commission. It also throws light on the Calamity Relief Fund and the State Disaster Response and Management Fund, which provide financial assistance to states to respond to disasters.
This volume is divided into three parts. The first part covers the approaches, policies, and institutions involved in disaster risk financing in India. The Second part provides a comprehensive analysis of the four strategic domains of the disaster risk funding: methodology and its revision; federal discourse on the notified list of disasters, disaster risk financing schemes and additional funding for mitigation; inclusion of local governance in strengthening disaster governance, and India's global outlook, policy, and reach for disaster assistance. It uncovers how resiliency can be achieved in Indian disaster risk financing through alternative sources of financing, disaster resilience infrastructure, and insurance coverage for disasters.
This book will be useful to the students, researchers and teachers of political science, public administration, public policy, economics, and governance. It will also benefit the Centre and State Finance Commissions, policy makers and general readers.
Contents
Introduction PART I: DISASTER RISK FINANCING: ANALYSING APPROACHES, POLICIES AND INSTITUTIONS 1. Exploring the Approaches of Disaster Risk Financing 2. Disaster Risk Financing in India: Analysis of Policy Framework 3. Finance Commission: Engineering the Disaster Risk Financing Schemes PART II: STRATEGIC DOMAINS OF DISASTER RISK FINANCING 4. Methodology of Disaster Risk Financing in India: A Contested Domain 5. States' Concern and Central Response for Disaster Risk Financing: Mapping the Federal Discourse 6. Local Governance: A Missing Pillar in Disaster Financing 7. Foreign Aid: Mapping India's Global Outreach PART III: TRANSITIONING TO DISASTER RESILIENCE 8. Disaster Risk Financing in India: Exploring the Alternative Sources of Funding 9. Disaster Resilient Infrastructure: Locating Direction and Resources 10. Insurance and Disaster Risk Financing: Alleviating the Risk
