Cauvery water dispute: No breakthrough at meet convened by Centre

September 29, 2016

New Delhi, Sep 29: A meeting convened by the Centre to iron out differences between Tamil Nadu and Karnataka on the impasse over Cauvery river water sharing failed to achieve any breakthrough today.

cauveryuma

At the meeting convened by Union Water Resources Minister Uma Bharti, Tamil Nadu refused to accept Karnataka's proposal that an expert committee be sent to the river basin to assess water availability.

"There was a request from Karnataka government to our ministry to form an expert committee to take a view over availability of water in the Cauvery basin. The Karnataka Chief Minister (Siddaramaiah) pressed for it. Tamil Nadu could not give its consent to the proposal," Bharti told reporters after the meeting.

She said ultimately, solution could not be achieved outside the court. "Now things are again before the Honourable Supreme Court," Bharti, who chaired the meeting, said.

Besides Bharti and Siddaramaiah, Tamil Nadu PWD Minister Edappadi K Palaniswamy, chief secretaries of the two states, Union Water Resources Secretary Shashi Shekhar, and officials from Central Water Commission attended the nearly three-hour meeting.

Bharti said the Ministry noted views expressed by the two states during the meeting, convened after a Supreme Court order on Tuesday, and the same will be submitted before the apex court when it hears the matter tomorrow.

Referring to the tense situation in the two states, especially in Bengaluru, Mysore and Mandya-- the hotbed of Cauvery politics-- Bharti urged people to "take care of each other" and ensure peace.

"I may go on an indefinite hunger strike along the border between the two states, if the problem persists," Bharti said, making an emotional appeal.

Speaking to PTI after the meeting, Karnataka Chief Secretary Arvind Jadhav said his state insisted on a Central expert committee's visit to the basin area to study "ground realities, actual quantum of drinking water available and crop situation" before water was released as directed by SC.

"Before releasing water, we want a central team to come and visit the Cauvery basin and assess ground realities, look at the situation and the level of drinking water and crop situation. And whatever the central team says, we will abide by that," Jadhav said. He also said the Tamil Nadu government reiterated the long-standing demand for setting up a Cauvery Water Management Board.

"To this, our Chief Minister replied that there is a hearing scheduled before a court in this regard on October 11 and let the issues relating to formation of the board be decided then," Jadhav said.

Meanwhile, on Karnataka's demand for sending an expert team to the basin area, Shekhar stated there is no provision under law in this regard and that the SC order in the matter also does not speak about it.

Comments

TRUE INDIAN
 - 
Thursday, 29 Sep 2016

Saffron dress turned into yellow. Is she having jaundice.

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News Network
January 18,2020

Mangaluru, Jan 18: The Dakshina Kannada District Karavali Utsava Samiti has chosen senior Journalist and Assistant Editor on Udayavani Daily Manohar Prasad for the Karavali Gaurava Prashasti 2019-20.

The award will be presented to Manohar Prasad in recognition of his contribution in the field of Journalism.

He will be given the award during the valedictory of the Karavali Utsav at Panambur beach on January 19.

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News Network
May 20,2020

Bengaluru, May 20: An owner of a hair cutting training salon in the city has given shelter to the jobless IT professionals and migrant workers hailing from north-eastern states and Nepal, in his salon.

Rahul Rai, the owner said, "The moment the lockdown started then I received many complaints from different corners that several persons became jobless and they were thrown out of their rented accommodations."

"They are from different states of the North-east and some of them are from Nepal also. I converted my hair-cutting training salon into a shelter home for them," he added.

A person who got shelter at the salon said, "I lost my job after the lockdown started. I was facing a lot of issues after my landlord had evicted me from my rented accommodation. I spent about a week nearby a lake. I managed to contact Rahul Rai through Facebook and he rescued me along with many others."

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News Network
February 17,2020

Abu Dhabi, Feb 17: NMC Health Plc, a hospital operator targeted by short-seller Muddy Waters, said founder Bavaguthu Raghuram Shetty resigned amid investor concern he faced a margin call and misrepresented his stake.

The board asked for Co-Chairman Shetty’s resignation and it takes effect immediately, according to a person with knowledge of the situation. NMC has lost four board members since Friday, including Vice Chairman Khaleefa Butti, whose holdings are also being probed. The stock, the worst performer on the FTSE-100 Index this year, fell as much as 9.2 percent Monday morning and then rebounded.

“The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi, an analyst at Rasmala Investment Bank in Dubai. “The credibility of the current board has been jeopardized with the unfolding of the recent events.”

NMC shares lost almost half their value the first week of February on speculation the company’s main investors faced a margin call, in which banks seize shares pledged as collateral. NMC said Friday that First Abu Dhabi Bank and Al Salam Bank Bahrain obtained 20 million shares in the company from BRS International Holding, an investment vehicle of NMC’s top shareholders. The banks sold more than 8 million of those shares as “enforcement of security,” NMC said.

NMC operates the largest medical network in the United Arab Emirates and in 2012 became the first Abu Dhabi company to list in London. The shares started teetering in mid-December when Muddy Waters alleged that NMC manipulated its balance sheet and inflated the prices of companies it acquired.

Shetty, 77, was born in India and founded NMC in the 1970s after moving to Abu Dhabi. His spokesman said a legal review of the situation is ongoing and declined further comment.

Chief Investment Officer Hani Buttikhi and board member Abdulrahman Basaddiq also stepped down because they were appointees of Shetty and Butti, NMC said, adding that they had no knowledge of the share transfers.

Questions remain over the role of Shetty’s family at the company. His wife and son-in-law both hold roles in senior management.

Almost 10 per cent of NMC’s freely traded shares are shorted, according to Markit Securities data. In mid-December about a third of them were.

Last week GKSD Investment, an investment company backed by hospital investors, said it’s studying a possible offer for NMC. Under U.K. takeover rules, it has until March 9 to make a bid.

NMC has said Muddy Waters’s claims are false and the company hired former FBI Director Louis Freeh to conduct an independent review. The review is due to be completed before the company issues its financial results in March, the person said.

NMC said Mark Tompkins will continue as the company’s sole chairman.

Comments

sunita kejriwal
 - 
Monday, 17 Feb 2020

BRS could not fool all the people all the time!

 

Bhakth
 - 
Monday, 17 Feb 2020

Illegal way of earning will not last for long. 

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