Earthquakes were the deadliest natural disasters in the past decade, accounting for 60 per cent of deaths caused by such hazards, a senior United Nations official said today, stressing the importance of investing in disaster risk reduction. UN Special Representative for Disaster Risk Reduction Margareta Wahlström stated that earthquakes remain a serious threat for millions of people worldwide as eight of the most populous cities in the world are built on...

At the edge of Killai, a village on India’s southeast coast, there is a collection of 163 concrete houses, single-story blocks set in neat rows and surrounded by open fields. This is the neighborhood of M.G.R. Nagar, named after M.G. Ramachandran, a much-beloved actor and former chief minister in the state of Tamil Nadu. M.G.R. Nagar was built by aid agencies after the 2004 tsunami. It is home to around 300...

Sahyadris have been documenting the changing climate for 40 years The latest joke among the Mahadeo Koli tribals living in the Bhimashankar area of Maharashtra’s Pune district is: “Ovni zali ka? (Have you transplanted your paddy?)” In the rain drenched Sahyadri range, where the main food crop is paddy, the unseasonal rains brought on by cyclone Phyan in late November have caused the harvested crop of fragrant Raibhog paddy to sprout...

For about a week after the Dubai crisis broke, international financial markets chose to ignore it. Stock-markets climbed, commodity prices rose and the dollar continued to be beaten down. It is not too difficult to explain this initial indifference. For one, the magnitude of the Dubai crisis appeared piffling, at first glance, compared to the “subprime” crisis or the meltdown following “Lehman’s bust”. When global banks had run up losses...

Since state financial corporations are set up to encourage the establishment of industries by providing loans on liberal terms, the recovery of debts from chronic defaulters is seen by courts from two angles. One is that public money is lent for starting private enterprises and, therefore, the financial institutions should be tough on the debtors. The other approach is that these units benefit the public and, therefore, the endeavour should...