PM Modi invites G20 countries to join global coalition on disaster resilience
Osaka: Prime Minister Narendra Modi on Saturday invited the G20 countries to join a global coalition on disaster resilience, saying disasters require quick and effective remedial measures as they invariably affect the poor the most.
Modi, who is in Osaka, Japan for the two-day G20 Summit, laid special emphasis on building a disaster resilient future.
"Disaster resilient infrastructure is required not only for development, but it is also necessary to combat natural calamities. In this regard I stressed upon the need of an international coalition in the G-20 conference of Buenos Aires," he said at the G20 session on Quality Infrastructure Investment and Development Cooperation.
He invited the G20 countries to join the International Coalition on Disaster Resilient Infrastructure.
"I invite the G-20 countries to join this coalition and share their experience and expertise," the Prime Minister said.
"Disasters, natural or manmade, require quick and effective remedial measures. They invariably affect the poor the most. At the #G20 Summit, invited other nations to join the International Coalition on Disaster Resilient Infrastructure. Let us close ranks for a safer planet," Modi said on Twitter.
"PM @narendramodi laying special emphasis on building a disaster resilient future, invites G20 countries to join the International Coalition on Disaster Resilient Infrastructure," Ministry of External Affairs spokesperson Raveesh Kumar said in a tweet.
On Friday, Modi held bilateral and plurilateral meetings with many leaders, including US President Donald Trump, Russian president Vladimir Putin and China's Xi Jinping.
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Wholesale price inflation rises to 8-month high of 0.83 pc in December
New Delhi (PTI): Wholesale price inflation increased for the second month in a row, rising 0.83 per cent in December 2025, driven by an uptick in prices of food, non-food articles, and manufactured items on a month-on-month basis, government data showed on Wednesday.
After witnessing a deflationary trend in the previous two months, the wholesale price index (WPI)-based inflation returned to positive in December. In November and October, the pace of price rise was negative at (-) 0.32 per cent and (-) 1.02 per cent, respectively.
In contrast, WPI inflation was 2.57 per cent in December 2024.
"Positive rate of inflation in December 2025 is primarily due to an increase in prices of other manufacturing, minerals, manufacture of machinery and equipment, manufacture of food products, and textiles, etc," the industry ministry said in a statement.
According to WPI data, deflation in food articles was 0.43 per cent in December, as against 4.16 per cent in November.
In vegetables, deflation was 3.50 per cent in December, compared to 20.23 per cent in November.
Barclays India Chief Economist Aastha Gudwani said narrowing deflation in "food articles" and a rise in inflation in "manufacturing products" drove the increase in the headline WPI inflation in December. "We expect modest increases in WPI inflation to continue".
In case of manufactured products, WPI inflation inched up to 1.82 per cent from 1.33 per cent in November 2025.
The non-food articles category showed an inflation of 2.95 per cent in December, against 2.27 per cent in November.
Negative inflation or deflation continued in the fuel and power sectors, at 2.31 per cent in December, against 2.27 per cent a month ago.
ICRA Senior Economist Rahul Agrawal said led by the hardening in YoY food inflation owing to an unfavourable base, rise in global commodity prices, and sustained pressure on the USD/INR pair over the past few months, ICRA expects the YoY WPI inflation to rise to 1.5 per cent in January, the highest level in 10 months.
Data released earlier this week showed the country's retail inflation inching up to 1.33 per cent in December, from 0.71 per cent in November, driven by rising food prices.
The Reserve Bank of India (RBI) has reduced policy interest rates by 1.25 percentage points in the current fiscal year as inflation remained low.
The Reserve Bank, last month, significantly lowered the inflation projection for the current fiscal to 2 per cent from 2.6 per cent estimated earlier, as the economy continues to witness rapid disinflation.
The RBI mainly tracks retail inflation for deciding on benchmark interest rates.
Last month, the RBI cut key policy interest rates by 25 bps to 5.25 per cent, saying that the Indian economy is in a "rare Goldilocks period" marked by high growth and low inflation.
The Reserve Bank has raised its FY26 GDP growth projection to 7.3 per cent, from an earlier estimate of 6.8 per cent. India recorded an 8.2 per cent growth in the September quarter, and 7.8 per cent in the June quarter.
