Mullaperiyar: Chandy banks on Supreme Court

May 19, 2012

chandy
Thiruvananthapuram, May 19: Kerala Chief Minister Oommen Chandy hopes that the long-pending dispute between Kerala and Tamil Nadu over the Mullaperiyar Dam could be resolved through legal processes, as the neighbouring state has not come forward for talks.

“We are always ready for talks, either bilateral or through the Centre’s mediation. But Tamil Nadu has not agreed for that. In this situation, we expect a solution to the issue from the Supreme Court,” Mr. Chandy said.

Making the state’s position clear, he said Kerala wanted a new dam in place of the 116-year-old structure and also to maintain the water level at 136 feet.

The state was opposed to the proposal of the Supreme Court appointed Empowered Committee to raise the water level to 142 feet. Similarly, the proposal to construct a tunnel at 50 feet below the present dam to route water to Tamil Nadu was not acceptable to Kerala, Mr. Chandy said.

The construction of the tunnel will harm the state in many ways including disappearance of the reservoir itself, he said.

“While we hold on to this position, we are not asking for the scrapping of the agreement with Tamil Nadu.Nor do we want to curtail single drop of water flowing to Tamil Nadu. Our persistent stand has been water for Tamil Nadu and safety for Kerala, Mr. Chandy, who completed one year in office, told PTI.

On concerns voiced by some quarters over the panel report, he claimed that the empowered committee had in-principle accepted the demand for a new dam.

The Mullaperiyar Dam is located in Kerala’s Idduki district but managed by Tamil Nadu on a 999-year lease period. Tamil Nadu has been maintaining that the dam was safe and the water level can be raised to 142 ft.

On Tamil Nadu’s demand that the entire power to be produced from Kudankulam Nuclear Plant be allotted to it, he said Kerala was entitled to its share from the plant and it was the Centre’s responsibility to ensure that the state received it.

“It is the responsibility of the Centre to make due share available to the state,” said Mr. Chandy, who had earlier this month written to Prime Minister Manmohan Singh seeking 500 MW from the Kudankulam plant.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 15,2024

amitshah.jpg

Union minister Amit Shah on Friday, November 15, said PM Narendra Modi will amend the Waqf Act despite opposition from leaders like Uddhav Thackeray and Sharad Pawar.

"Modi ji wants to change the Waqf Board law, but Uddhav ji, Sharad Pawar and Supriya Sule are opposing it," Shah said, addressing a rally at Umarkhed in Maharashtra's Yavatmal district.

"Uddhav ji, listen carefully, you all can protest as much as you want, but Modi ji will amend the Waqf Act," he said. Shah said there are two camps in the November 20 Maharashtra assembly polls, one of 'Pandavas' represented by the BJP-led Mahayuti and the other of 'Kauravas' represented by Maha Vikas Aghadi.

"Uddhav Thackeray claims that his Shiv Sena is the real one. Can the real Shiv Sena go against renaming Aurangabad to Sambhajinagar? Can the real Shiv Sena go against renaming Ahmednagar to Ahilyanagar? The real Shiv Sena stands with the BJP," Shah said.

"Rahul Baba used to say that his government would credit money in the accounts of the people instantly. You were unable to fulfil your promises in Himachal, Karnataka, and Telangana," he said.

Shah said the Mahayuti alliance has promised that women will get Rs 2,100 per month under the Ladki Bahin Yojana. "Kashmir is an integral part of India and no power in the world can snatch it away from us," Shah said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 21,2024

adani.jpg

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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.