Announcing his retirement from wrestling is Vinesh Phogat.
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Why in news?
On Thursday, the Indian wrestler Vinesh Phogat declared her retirement from the sport, following her disqualification from the 50-kg Olympic division final the previous day.
Reason :
At the morning weigh-in before the final, the seasoned wrestler weighed 100 grams over the allowed limit and was disqualified.
Phogat requested that she be given a shared silver medal in an appeal against her disqualification that was filed in the Court of Arbitration for Sports (CAS) a few hours ago. The information was verified to PTI by an Indian Olympic Association (IOA) source inside the visiting Indian delegation.
Government views:
The government of Haryana declared that Phogat will receive the same facilities and prize money as an Olympic silver medallist.
The First State to Adopt Disaster Insurance is Nagaland
Nagaland has partnered with SBI General Insurance to launch the nation's first disaster management insurance program. The Disaster Risk Transfer Parametric Insurance Solution (DRTPS), a brand-new program, is intended to offer protection from natural disasters.
Parametric insurance: what is it?
The way parametric insurance operates is by providing fixed benefits based on particular occurrences, like the intensity of a natural disaster. This implies that prompt financial assistance is provided following a disaster, negating the necessity for in-depth damage evaluations.
The MoU's goals
The primary objectives of the accord are to safeguard Nagaland's crucial infrastructure and mitigate financial damages resulting from natural disasters. The program will assist in preventative disaster management by covering the entire state. This is an example of the collaborative effort between SBI General Insurance and the Nagaland State Disaster Management Authority (NSDMA) to improve the state's capacity to handle catastrophes.
Importance of the Project
Nagaland is leading by example as the first state in India to use this kind of finance structure. With greater preparedness and reaction to disasters, people and resources would be better protected. This novel approach aims to achieve this.
Additional Information About Nagaland
Northeastern Indian state of Nagaland is home to sixteen large tribes, each with distinctive customs. It is home to Dendrocalamus giganteus, the second-largest species of bamboo in the world. Every year, the Hornbill Festival honors the diversity of cultures in the state. The capital city of Kohima saw one of the biggest battles of World War II. Nagaland residents have long engaged in "jhum," or shifting farming. The state's official language is English. Along with its vivid festivals like Moatsu and Sekrenyi, Nagaland is renowned for its handcrafted shawls.
