Heavy rain in Mumbai hits train services, BMC issues alert, all schools closed

June 19, 2015

Mumbai, Jun 19: Normal life in Mumbai was today thrown out of gear as torrential rains battered the city and its suburbs resulting in cancellation of local train services leaving thousands of commuters stranded.

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There seems to be no let up in the situation with the Meteorological Department predicting heavy to very heavy monsoon rains in some areas. In the early hours, thousands of commuters leaving for offices were caught unaware on reaching the suburban railway stations as trains were being cancelled due to water-logging of tracks following heavy downpour since last night.

As services on all three railway lines--Central, Western and Harbour--were cancelled, harried commuters rushed to catch buses, taxis or any other mode of transport available to reach their destinations, which resulted in massive traffic jams at many places, exacerbated by inundation in low-lying areas.

With Central Railway cancelling its services on CST-Thane section on the main line and Harbour line as well, commuters got stuck at suburban platforms. The Western Railway services which were initially running late by 10 to 15 minutes, were later cancelled.

The rains resulted in water-logging in almost all low-lying areas of Mumbai and its suburbs.

"Thane-Karjat/Kasara and Vasvhi-Panvel Shuttle services and trans-harbour services are running," said Central Railway PRO A K Singh.

"Our supervising staff are alert and as soon water level recedes, services would be resumed," he said. According to information given by the control room of Brihanmumbai Municipal Corporation (BMC), water-logging is reported in areas like Kurla, Chembur, Tilak Nagar, Andheri, Parel, Lower Parel, Thane, Navi Mumbai and Dombivili.

An IMD forecast at 0800 hours today said, "Intermittent rains/shower would occur in the city and suburbs. Heavy to very heavy rains would occur in some areas." The average rainfall recorded in 24 hours ending 8 AM today is -- City 188 mm, Eastern Suburbs 155 mm, Western Suburbs 172 mm while the high tide (4.47 metres) is expected at 2:29 PM.

According to a statement issued by BMC, as many as 120 suction pumps have been pressed into service to drain out water in low-lying areas.

Meanwhile, Civic Commissioner Ajoy Mehta appealed to citizens to not send their wards to school as heavy rains are predicted. "Very heavy rains are expected today. So I have issued advisory for school children to stay at home," he told PTI.

Sources said long distance trains are bunched up outside Mumbai as they are not getting signal to enter the city due to water-logging.

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Agencies
May 28,2020

Kochi, May 28: In these pandemic times, when the businesses are gravely affected and the MSMEs are particularly feeling the heat, a Kerala institute has come up with an initiative to help the distressed industry. The Institute of Small Enterprises and Development (ISED) has come out with a unique platform -- 'business clinic' for extending advisory services to the COVID-19 affected MSMEs in the state.

The Kochi based ISED's multi-disciplinary team of experts will offer free guidance to entrepreneurs to make a self-evaluation for improving their performance.

It will serve the interests of the MSMEs, entrepreneurial aspirants, such as the returning migrants, start-ups, educated unemployed, and women entrepreneurs.

ISED director, PM Mathew said COVID-19 pandemic has shattered the budgets and operations of most SMEs, globally, as also in India.

"Post-lockdown, the operational problems are likely to get aggravated. Beyond the broad macro level projections and debates, it is now time to act at the grassroots level. Many entrepreneurs need appropriate clinical assessment, and moral and psychological support, said Mathew.

According to the work force participation data at the national level, Kerala is ranked 31 in terms of the number of self employed, and placed in second rank in relation to the size of casual labour.

The Kerala Enterprise Development Report, brought out by the ISED states while the number of the unregistered enterprises is sizeable, constituting 76.85 % of the total, the respective share of registered MSMEs is only 9.53 %.

The constraints to these enterprises today are, poor sales, large inventory, delayed payments, damage of stock, wage bill arrears, unreliable labour supplies, fund diversion due to exigencies, GST related problems, and NPA/poor credit score.

"For all businesses, unlike in a sporadic recession in the economy, the danger today is circular and cumulative. Both from the demand side, and the supply angle, there is a serious contraction of business activities, which essentially means a glut in the cash flow. Corporate businesses, obviously, will come out of the mess due to their relative advantages of high reserve funds, liberal credit offerings, and easier access to alternative sources of finance," said Mathew.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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Agencies
May 10,2020

New Delhi, May 10: A medium-intensity earthquake of 3.4 magnitude hit Delhi on Sunday.

According to the National Center for Seismology (NCS), the quake occurred at 1.45pm at a depth of five kilometres.

There were no immediate reports of loss of life or property.

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