Down to Earth Himachal Pradesh’s Shimla city has been battered following three days of heavy rainfall — there have been three major landslides in the last four days and the bodies of over 22 people have been recovered so far. Over two dozen people are missing and suspected to be buried under the debris. According to experts, the city has long crossed its carrying capacity, which is leading to regular landslides...
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Poverty and inequality
KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
More »How will Indian Cities Fare if a Turkey-like Earthquake Strikes the Subcontinent?
On 6 February, 2023 Southern Turkey and the adjoining areas in Syria were hit by a 7.8 magnitude earthquake followed by several aftershocks. The tremors have flattened buildings and destroyed roads and other infrastructure. At least 35,000 casualties (UPDATE) have occurred across Turkey and Syria, with the vast majority being in the former nation. A news report cited the Turkish environment minister saying that 24,921 buildings across the region had collapsed. What...
More »When does RBI step in to monitor a bank? -Prashanth Perumal J
-The Hindu Why has the Reserve Bank of India increased its oversight on Dhanlaxmi Bank? What are the reasons for the Thrissur-based private bank’s assets to be under stress? According to Basel-III norms, what is the capital to risk ratio a bank is required to maintain? What lies ahead? The story so far: The Reserve Bank of India (RBI) has placed Dhanlaxmi Bank under tight monitoring with the Thrissur-based private bank’s financial...
More »India Needs An Urgent Early Warning System For Landslides, But Challenges Abound -Flavia Lopes
-IndiaSpend.com At present, India is developing an early warning system for landslides, but it is likely to be operational not before 2025 Mumbai: On September 24, a major landslide hit a water pump at Chaba in the Shimla district of Himachal Pradesh and reportedly damaged a pipeline worth Rs 5 crore that supplied water to the district. Earlier in June, relentless rains led to deadly landslides in Manipur's Noney district, killing more...
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