India Environment Portal | News, reports, documents, blogs, data, analysis on environment & development | India, South Asia
Published on India Environment Portal | News, reports, documents, blogs, data, analysis on environment & development | India, South Asia (http://admin.indiaenvironmentportal.org.in)

Home > Featured Articles > Lots of zeal and money > Lots of zeal and money

 Lots of zeal and money [1]

Additional image:: 

The 2001 earthquake in Gujarat was among the costliest disasters in independent India. As per World Bank reports, the calamity is estimated to have caused losses of us $4.9 billion in terms of output. Adding the losses suffered by the informal sector can easily double this figure. Moreover, the state exchequer has been burdened with a huge fiscal deficit of us $2.2 billion in the three years since the calamity.

Recovery has, however, been rapid. This has been helped in good measure by generous aid from international institutions and non-governmental organisations (ngos). The World Bank alone has put up us $257 million in the first phase of recovery, ending March 2003. This sum is meant for rehabilitation and reconstruction purposes. The Bank has also lent us $442 million for long-term recovery from the calamity

Publication Date: 
29/11/2004
Mihir R Bhatt [2]
Down to Earth [3]
13
20041130
0
Tags:
Earthquakes [4], Disaster Management [5], India [6], Gujarat [7]
Centre for Science and Environment
National Knowledge Commission Government of India

Technology Partners: MimirTech


India Environment Portal by Centre for Science and Environment is licensed under a Creative Commons Attribution-Share Alike 2.5 India License.


Source URL: http://admin.indiaenvironmentportal.org.in/feature-article/lots-zeal-and-money

Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/lots-zeal-and-money
[2] http://admin.indiaenvironmentportal.org.in/category/author/mihir-r-bhatt
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/down-earth
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/earthquakes
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/disaster-management
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gujarat