economy Archives - Disasters News

Dec192024 by Editor DeskNo Comments

China Claims 6 Point Consensus on Border Talks India Remains Silent on Agreement

China has announced that National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi have reached a "six-point consensus" to address the longstanding India-China boundary issue. However, the Ministry of External Affairs (MEA) in India has not confirmed or denied this claim, signaling potential discrepancies in the outcomes of the Beijing meeting. According to a Chinese Foreign Ministry statement, both sides positively evaluated progress on border-related issues and reaffirmed commitments to a "mutually acceptable package solution" based on the 2005 agreement. Key points reportedly discussed include: Refining border management rules. Strengthening confidence-building measures. Promoting cross-border communication and cooperation. Resuming pilgrimages to Xizang...

Nov152024 by Editor DeskNo Comments

Strengthening Social Protection: An Urgent Economic and Climate Necessity

Breaking News, Climate Actions, Learning & Developments

As climate change intensifies and economic uncertainties mount, robust social protection systems have become essential for resilience and inclusive development. A new report by the Economic and Social Commission for Asia and the Pacific (ESCAP) underscores the critical need to address financing gaps to strengthen these systems and safeguard vulnerable populations. Far from being a mere expense, social protection is an investment in people that yields significant socioeconomic returns. Research highlights its role as an economic stabilizer, particularly evident during the COVID-19 pandemic when cash assistance programs and unemployment benefits supported incomes and stabilized aggregate demand. Such measures demonstrate how social protection systems enhance resilience and foster social c...

Nov152024 by Editor DeskNo Comments

ESCAP Says Robust Social Protection Systems Vital Amid Climate Challenges

Breaking News, Climate Actions, Learning & Developments

New Delhi: As climate change and economic uncertainties intensify, robust social protection systems are becoming a necessity, not a choice, warns the Social Outlook 2024 report by the Economic and Social Commission for Asia and the Pacific (ESCAP). The report highlights a dire need to close financing gaps to safeguard vulnerable populations and build resilience. The Asia-Pacific region currently spends only 8.2% of its GDP on social protection, significantly below the global average of 12.9%. ESCAP cautions that without increased investment, rising poverty driven by climate change, digital disparities, and aging populations could become unavoidable. Social protection is more than a safety net; it’s an investment that stabilizes economies during crises. This was evident during the COV...

May282024 by Editor DeskNo Comments

India Endures Record Heatwave as IMD Predicts ‘Above Normal’ Monsoon and its relation with Economy

Breaking News, Climate Actions, Opinions, Thoughts & Talks

In a significant development, the India Meteorological Department (IMD) has predicted 'above normal' monsoon rainfall for the country, particularly in the monsoon core zone crucial for rain-fed agriculture. This forecast comes amid an extreme heatwave that has gripped several parts of India, including Rajasthan's Phalodi, which recently recorded a blistering 50 degrees Celsius. This is the highest temperature recorded since June 1, 2019, when Churu, also in Rajasthan, reached 50.8 degrees Celsius. The scorching temperatures have turned daily life into a test of endurance, especially for those participating in the ongoing elections. In Delhi, the IMD has issued a red alert as Mungeshpur baked at 48.3 degrees Celsius, with the feel-like heat touching 49 degrees. The heatwave alert has bee...