Kerala to pursue legal steps to avail foreign aid, says CM Pinarayi Vijayan

Agencies
August 30, 2018

Thiruvananthapuram, Aug 30: As Kerala picks up the pieces, Chief Minister Pinarayi Vijayan today said the government would explore the possibility of legal options to avail the funds offered to the state, including that from abroad. 

His statement assumes significance in the wake of a row over the Centre's refusal to accept the United Arab Emirates' (UAE) reported offer of Rs 700 crore to the flood-hit state.

Addressing a specially convened one-day session of the state assembly to discuss the unprecedented flood situation, Vijayan said 483 people have lost lives in the state since the onset of monsoon on May 28 and 14 were still missing.

He said the state's economy had been badly hit and the loss could be much more than the state's annual plan outlay for the year which stood at Rs 37,247.99 crore.

"Offers of financial assistance for Kerala are pouring in from different quarters of the world. The government is also moving towards legal steps to avail these funds," Vijayan said.

The funds offered from across the globe is giving confidence to the government, he said. 

Besides Rs 600 crore sanctioned by the Centre, the state was hopeful to get more financial assistance from the Union government considering the gravity of the situation, the chief minister said.

"The Chief Minister's distress relief fund has received Rs 730 crore till yesterday," he said, adding that the government had also been offered land and jewels towards relief fund.

On the discussions held with World Bank officials as part of fund mobilisation for rebuilding the state, Vijayan said the government policy was to accept funds from any quarters if it was in tune with the state's interests.

Apparently referring to the Opposition charge that the deluge that ravaged the state was due to the sudden release of water from dams without any prior warning, the chief minister said unexpected torrential rains had resulted in the calamity.

"The state had received rains three times more than what was predicted by the India Meteorological Department (IMD) during the period," he said.

The IMD had forecast an estimated 98.5mm rainfall in the state between August 9 and 15. But, the actual rainfall received was 352.2 mm, he added.

Terming the calamity as the worst in the century that had virtually battered all sections of the economy, the Left leader said 57,000 hectares of agricultural land was flooded.

Flood water entered lakhs of houses forcing people to flee to relief camps, he said. 

But rescue operations were carried out promptly and on a war-footing by the government in coordination with various defence forces. The effort helped reduce the death toll, Vijayan said.

With regard to the rehabilitation programmes, he said the gravity of the calamity had also raised some environment issues. 

"One of the most significant points is whether to rehabilitate the displaced people in the same places where landslips, landslides and mud slips occurred. A consensus has to be evolved in this," the Kerala chief minister said.

He also wanted that environmental aspects should be considered while taking up construction activities in these areas.

Incessant rains and floods have forced over 14.50 lakh people to seek refuge in relief camps across the state, he said, adding that over 59,000 people are still lodged in 305 camps.

Meanwhile, Opposition member V D Satheesan (Congress) maintained the charge that the floods were due to the simultaneous release of water from various dams. 

CPI(M) veteran and former chief minister V S Achuthanandan batted for the implementation of the Madhav Gadgil committee report on the preservation of ecologically fragile Western Ghats to avoid such calamities in future.

He also wanted all illegal constructions in the ecologically sensitive areas to be removed.

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News Network
November 15,2024

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Iran’s Islamic Revolution Guards Corps (IRGC) has killed or captured 69 terrorists linked to the Israeli spy agency Mossad during a major counterterrorism drill in the country's southeast, its spokesman says.  

General Ahmad Shafaei, the spokesman for the “Martyrs of Security” drill, said Friday that a total of 23 terrorists have been killed and another 46 arrested in various clean-up operations ever since the IRGC Ground Force launched it in the Sistan and Baluchestan province on November 1.

Seven terrorists have also turned themselves in during the period.

“The undeniable fact about terrorists is that they rely on arrogant powers, particularly the intelligence service of the wicked and vicious Zionist regime," Shafaei said.

“Unfortunately, weapons and munitions at terrorists’ disposal are among the most sophisticated ones in the world. This accounts for their heavy dependence.” 

The official stated that several members of the disbanded terror teams were non-Iranian nationals, who had been hired by foreign intelligence agencies to carry out acts of sabotage and terror inside Iran.

In a most recent operation, six terrorists were arrested and four others were eliminated, three of whom were non-Iranians, he added. 

On October 26, ten members of Iran's law enforcement forces were killed in a terrorist attack in the Gohar Kuh district of Taftan in the Sistan and Baluchestan province.

The so-called Jaish al-Adl terrorist group claimed responsibility for the assault, which was one of the deadliest in the province in recent months.

The group has carried out numerous terrorist attacks in Iran, primarily in Sistan and Baluchestan.

Its tactics include the abduction of border guards as well as targeting civilians and police stations within the province to incite chaos and disorder.

In January, Iran launched a military operation during which the headquarters of the Pakistan-based terrorist group was targeted in missile strikes, destroying its infrastructure.

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News Network
November 26,2024

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Mangaluru: The coastal districts of Dakshina Kannada and Udupi are witnessing a fascinating weather pattern, with chilly early mornings giving way to dry, sweltering afternoons. Over the past two days, dense fog blanketed the rural landscapes, while urban centers like Mangaluru felt the stark contrast of brisk mornings and peak afternoon heat.

The India Meteorological Department (IMD) noted that in rural areas, the morning chill caused temperatures to dip by one to two degrees Celsius below the seasonal norm, intensifying the fog. Monday saw Mangaluru recording a maximum temperature of 33.3°C and a minimum of 22.6°C, reflective of the sharp day-night variation.

While mornings painted a serene picture with mist-covered trees and a cool ambiance, the afternoons proved relentless, with temperatures soaring between 11 am and 3 pm, offering little respite. Currently, there are no signs of rainfall, with forecasts predicting the continuation of this dual weather pattern for the coming days.

Local residents have mixed feelings about this weather trend. Farmers in rural areas appreciate the cool mornings that ease early chores but express concerns over the dry afternoons, which may affect crop irrigation if the dry spell prolongs. In contrast, urban dwellers are enjoying the foggy mornings but brace for the scorching afternoons.

Meteorologists attribute the sudden chill to shifts in atmospheric pressure along the coast, a precursor to possible weather transitions in December. Whether this pattern persists or leads to unexpected changes remains to be seen, but the twin districts are clearly caught in nature's dramatic play of contrasts.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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