Deluge, destruction in Jammu and Kashmir

September 14, 2014

Srinagar, Sep 14: These are unprecedented times. Generations of people of Jammu and Kashmir had not seen the kind of devastation that the floods of September second week have wrought on the Himalayan state.

jkThe deluge has left a trail of destruction in almost every district of this already vexed state. The flood havoc has left the Jammu region and the Kashmir Valley equally ruined. A week of thunderous rainfall has breached canals and lakes and flooded the rivers, pushing the state, not known for its administrative efficiency, backward by a couple of decades. There is hardly any family which has not been affected by this completely unpredicted misery.

Days of rainfall and flooding have impacted every walk of life. After the thunder storm that started on September 6, only now Srinagar has started getting electricity supply, that too only in parts of the state capital. There is hardly any telephone connectivity. With mobile networks non-functional and power intermittent, the problem of contacting the near and dear ones is a tall order. There are tales of parents not knowing the whereabouts of the family members, mothers having lost children and brothers unaware what happened to the uncontactable cousins.

Take anything in J&K, they are under water. Shops and establishments, hospitals, banks, government and private offices, telephone exchanges, police stations, schools and colleges, power plants, petrol pumps and newspaper offices are under water and will remain closed for days to come. Of the seven hospitals in the city, only one – Sher-e-Kashmir - is functional. Godowns are under water. Petrol pumps are empty.

The HP and IOC oil storage tanks located in Pulwama district along the closed Srinagar-Jammu highway are submerged. Most of the buildings and houses are under at least 10 ft of water. There is a level-playing field here though. Chief Minister Omar Abdullah’s office, secretariat, Assembly building, areas like the posh Jawahar Nagar - where leading politicians and top bureaucrats live - have been under water. So much so that the chiefminister could not contact his own ministers or officials for days on end.

There are no stocks in ration shops. Left over stocks are looted by thieves who came in boats. There is an acute shortage of food across the affected districts. Medicine is urgently needed as receding flood waters may bring in diseases. The biggest problem is acute shortage of medicine and drinking water. Some temporary hospitals are set up as voluntary doctors are working but are devoid of medical facilities. Without water, there is the danger of people getting dehydrated. In the only paediatric hospital of Srinagar, 14 newborns died. There are reports that some bodies are lying on trees.

Relief camps have been set up but the condition there is sub-human. While seven of the 10 north Kashmir districts were affected, rain has started pounding south Kashmir since Friday. People’s anger is against both the state and the Central governments.

Affected residents say while the state government completely failed to come to the rescue of the flood-hit, the Centre could have done more. Instead of pressing just 100 boats in to service, what was needed was 1000 boats as lakhs were waiting to be rescued over six days without proper food or water. In Sringar alone, of the 6 lakh trapped in waters, only 1 lakh have been rescued.

Said Riaz Ahmed, a businessman: “This is the time when the rest of the country can really show that Kashmir is part of India, that they are ready to embrace us in this hour of tragedy. Help is coming, but it is insufficient, not streamlined.”

Cries of woe

Many have lost their lives and also savings and property. Says Mohd Mazan Bhat, a retired government official: “I constructed a house in Bemina out of my life savings. The house has been washed away in the floods. I lost everything in a matter of a few hours.” Bhat, now in a relief camp, weeps: “I don’t know how to restart my life.”

Four days after he was rescued from his house which is under 15 ft of water in Karan Nagar, advocate Jawed is not able to live down the horror he went through. “I was saved by an army boat after three days and two nights. I am still terrified, I am not able to sleep. I get hallucinations of the violent waves lashing my house engulfing it and the neighbourhood.”

Senior journalist Arshad Hussian of Kashmir Times and his mother are not traceable. He has three small children and all are rescued from his house at Shivpura on the banks of the Jhelum river. His wife, a doctor, was at her hospital when the tragedy struck and is safe. I have been trying to locate them at relief camps but am not successful.

There are hundreds of such stories here. As for my relatives, there is no information about dozens of them. Same with scores of journalist colleagues and friends.

But many have not left their homes despite army boats reaching them. They are scared that the moment they leave, whatever that is left at home would be taken away by the gangs of thieves.

Lack of connectivity is one of the biggest logistical problems. Authorities claim that 50 per cent of mobile connectivity is restored but in reality, it is not even 10 per cent. BSNL and Airtel connections are not working. Aircel network is available but only in some areas.

There is apprehension as to what will happen to the cash deposits in scores of banks across the state as well as the cash in the main state treasury situated on Residency Road in Lal Chowk which are under water. The chiefminister has assured the people that cash in banks as well as treasury is safe.

In south Kashmir, Anant Nag, Pulwama and Pehlgam have been devastated by floods. Almost 90 per cent of people there are affected. In north Kashmir, parts of Badgam, Baramulla and Bandipore districts are badly hit. In north, only Ganderbal, Kupwara and Shopean districts remain largely unaffected. On Friday, 40 bodies were retrieved from Pancheri village in Udhampur district in Jammu division, devastated by landslide. There are reports that several bodies are lying in different police stations in Srinagar. No one knows about the identity of these bodies.

Rehabilitation in J&K will take years. Public infrastructure is badly affected. In hospitals, all equipment, be it CT scan, x-ray, MRI machines etc are badly damaged under muddy water. Even if water recedes, it won’t be of much help.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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Agencies
June 10,2020

New Delhi, Jun 10: The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore of firms belonging to Nirav Modi and Mehul Choksi from Hong Kong, officials said.

Out of the 108 consignments that landed at Mumbai, 32 belong to overseas entities "controlled" by Modi while the rest are of Mehul Choksi firms.

Both the businessmen are being probed by the ED under the Prevention of Money Laundering Act (PMLA) in connection with an over USD 2 billion alleged bank fraud at a PNB branch in Mumbai.

The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. 

The ED completed "all legal formalities" with authorities in Hong Kong to bring back these valuables, the agency said.

These will formally seized under the PMLA now, it said.

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News Network
May 27,2020

May 27: At a time when India is struggling with the deadly coronavirus, huge swarms of locusts in many states has bought nightmares to the farmers.

Experts warn of extensive crop losses if authorities fail to curb the fast-spreading swarms by June when monsoon rains spur rice, cane, corn, cotton, and soybean sowing.

Locusts entered India after traveling from Africa through Yemen, Iran and Pakistan.

After massive devastation in Pakistan, t swarms of locusts entered India through Rajasthan and Gujarat. The number is so large that the farmers and authorities are feeling helpless in tackling the threat.

The situation has become more alarming as the locusts is spreading across the country at an extremely fast rate. After badly affecting the crops in Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh, the swarm of locust have now entered Uttar Pradesh.

In Rajasthan alone, the locust attack has damaged 5 lakh hectares of crop and nearly 17 districts of Madhya Pradesh have also seen their terror. Earlier from May 2019 to February 2020, too, the locust swarms entered India several times.

Speaking on the current situation, Dr Ram Pravesh, District Agricultural Officer, Agra, Uttar Pradesh said the Department of Agriculture is working with farmers in dealing with the situation. He urged the farmers to inform their Mandal Krishi Adhikari if they require any help.

India's largest-ever locust attack was in 1993 when more than three lakh hectares of cultivated land were completely destroyed.

Earlier in 2020, farmers salvaged their wheat and oilseed crops from a previous locust scourge.

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