CURRENT AFFAIRS

Detailed explanation-1: -The workshop will be held in Mumbai, Maharashtra. The National Workshop on Disaster Risk Financing, Insurance and Risk Transfer will concentrate on the significance of financial resilience in areas frequently struck by natural disasters.

Detailed explanation-2: -National Disaster Management Authority (NDMA) is an agency of the Ministry of Home Affairs whose primary purpose is to coordinate the response to natural or man-made disasters and for capacity-building in disaster resiliency and crisis response.

Detailed explanation-3: -The Disaster Management Act, 2005 enacted by the Parliament was notified in the Gazette of India on 26th December, 2005. The Act provides for the legal and institutional framework for the effective management of disasters.