74% of northeast monsoon rains in 8 days sinks Chennai, kills 12

News Network
November 4, 2017

Chennai, Nov 4: Rain continued to come down in sheets till late Friday night in Chennai, taking the death toll from the northeast monsoon to 12 so far, and the city's total rainfall to close to three-fourths of the average for a season that has just got started.

The city had by 8.30am on Friday — mostly from a mere eight days since the northeast monsoon set in on October 27 — already recorded 554.2mm of rainfall this year, or 74% of the long-term average of 750mm it receives annually in the rainy season, which the IMD calculates between October 1 and December 15.

Chennai had till Friday recorded 441.3mm of rainfall (58.84% of the seasonal average) from the northeast monsoon, Met office data showed.

Thursday's rain was Chennai's third-highest in history in a single day for November, behind only 452.2mm in 1976 and 246.15mm in 2015. It continued on Friday evening after a brief break, leaving the city precariously placed.

Several localities reported flooding, especially of interior roads, and the showers hit traffic for a second straight day. The Chennai district collector declared Saturday, a school holiday. Most districts have recorded more than average rainfall for the season so far, the Met office said.

Water levels in temple tanks started rising after monsoon struck Chennai and its neighbouring districts. A poor monsoon last year had left several temple tanks parched, and water in them has been met with enthusiasm among residents, as it also helps recharge groundwater levels.

Meanwhile, facing public ire amidst heavy rains and inundation, the Edappadi K Palaniswami government went on the offensive on Friday, listing out various flood-prevention as well as rehabilitation measures undertaken by the government.

Leading the charge, CM Palaniswami, who visited Mudichur and Perungalathur along with his deputy O Panneerselvam, said: "We have seen Bengaluru and Mumbai getting inundated during rain. But due to the execution of the (disaster management) plan envisaged by Amma's government in 2015 on how to remove flood water from low-lying areas, there is not much water stagnation today. People are unaffected."

A stretch of 300km, out of 386km-long drain network project, has been completed at a cost of Rs 1,100 crore in Chennai, as announced by Jayalalithaa during her tenure, Palaniswami said.

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News Network
January 15,2020

New Delhi, Jan 15: The Delhi government Wednesday told the high court that execution of the death row convicts in the Nirbhaya gangrape and murder case will not take place on January 22 as a mercy plea has been filed by one of them.

The four convicts -- Vinay Sharma (26), Mukesh Kumar (32), Akshay Kumar Singh (31) and Pawan Gupta (25) -- are to be hanged on January 22 at 7 am in Tihar jail. A Delhi court had issued their death warrants on January 7.

Justices Manmohan and Sangita Dhingra Sehgal were told by the Delhi government and the Centre that the petition filed by convict Mukesh, challenging his death warrant, was premature.

The Delhi government and the prison authorities informed the court that under the rules, it will have to wait for the mercy plea to be decided before executing the death warrant.

They also said that none of the four convicts can be executed on January 22 unless the present mercy plea is decided.

The Supreme Court had on Tuesday dismissed the curative pleas of Mukesh and Vinay.

The mercy plea hearing began Wednesday morning and will continue in the afternoon.

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News Network
August 6,2020

New Delhi Aug 6: In a new twist in the Vijay Mallya case, a certain document connected with the case in the Supreme Court has gone missing from the apex court files. 

A bench comprising Justices U.U. Lalit and Ashok Bhushan adjourned the hearing to August 20.

It was hearing the review plea filed by Mallya against a July 14, 2017 judgment wherein he was found guilty of contempt for not paying Rs 9,000 crore dues to banks despite repeated directions, although he had transferred $40 million to his children.

The bench was looking for a reply on an intervention application, which it seemed has gone missing from the case papers.Parties involved in the case sought more time to file fresh copies.

On June 19, the Supreme Court sought explanation from its registry regarding Mallya's appeal against the May 2017 conviction in the contempt case for not repaying Rs 9,000 crore dues to banks not listed for the last 3 years.

A bench comprising Justices Lalit and Bhushan had asked the Registry to furnish all the details including names of the officials who had dealt with the file concerning the Review Petition for last three years.

The bench said according to the record, placed before it, the review petition was not listed before the court for last three years. "Before we deal with the submissions raised in the Review Petition, we direct the Registry to explain why the Review Petition was not listed before the concerned Court for last three years," said the bench.In May 2017, the apex court held him guilty of contempt of court for transferring $40 million to his children, and ordered him to appear on July 10 to argue on the quantum of punishment.

The bench said let the explanation be furnished within two weeks. "The Review Petition shall, thereafter, be considered on merits," it added.In 2017, the apex court passed the order on a contempt petition against Mallya by a consortium of banks led by the SBI. 

The banks claimed Mallya transferred $40 million from Daigeo to his children's accounts, and did not use this money to clear his debt. Banks cited this as violation of judicial orders.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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