Heavy showers pound Mumbai, Thane; 3 killed in rain-related incidents

Agencies
June 25, 2018

Mumbai, Jun 25: The Southwest Monsoon picked up momentum in Mumbai, bringing heavy showers that claimed three lives in the city and adjoining Thane, officials said today.

Heavy rains lashed the metropolis and Thane district throughout the night and continued this morning, causing water-logging at several places and slowing the movement of suburban trains, thus causing inconvenience to office-goers.

Two persons were killed last evening when a tree fell on them near Metro Cinema in south Mumbai, said an official from the disaster management unit of the Brihanmumbai Municipal Corporation (BMC).

A 13-year-old boy was killed and his parents were injured when an adjacent wall collapsed on their house at Wadol village in Ambernath taluka of Thane around 2.15 am today, the district civic body's regional disaster management cell chief Santosh Kadam said.

In another incident, a 65-feet compound wall of a housing complex in Thane city collapsed this morning, crushing two cars and another vehicle, he said.

The district received 229.81 mm rain in the last 24 hours, Kadam added.

In Mumbai, a huge part of a compound caved-in at Antop Hill area in Wadala. Around 15 cars were damaged with some vehicles getting buried under the debris, an official of the BMC's disaster management cell said.

No casualty was reported in the incident, he said.

"The fire brigade and Mumbai police officials have reached the spot and are assessing the situation," he added.

Mumbai received 231.4 mm rain in the last 24 hours, an official of the India Meteorological Department (IMD) here said.

"The Santacruz weather station recorded 231.4 mm rainfall in the last 24 hours. So much rainfall is categorised as extremely heavy showers," IMD Mumbai Director Ajay Kumar told PTI.

"This is the first extremely heavy rainfall recorded in Mumbai in the current season," he said.

The rain intensity has gone up since yesterday afternoon and is expected to continue further, he said.

Owing to the heavy showers, several parts of the city, like Dharavi, Sion, Matunga, Hindmata, Malad, Kurla, Andheri subway, Bhandup, Worli and Lower Parel, were flooded with water up to two to three feet, and vehicles got stuck in some places.

"Traffic has been diverted from Sion, King's circle, National College in Bandra, Siddharth Hospital in Goregaon, Chembur Phatak, Pratiksha Nagar in Sion, Milan Subway in Santacruz and Powai area of the city," a statement issued by civic body said.

A container broke down on a bridge at suburban Vikhroli near Eastern Express Highway this morning, because of which vehicular movement in the area was slow, the Mumbai Police said.

Local train services of the Central Railway (CR), Western Railway (WR) and on the Harbour Line corridor were running late by 5 to 10 minutes, officials said.

"There is some water accumulation at Sion due to continuous rains but trains are running on all three lines of the Central Railway (main line, harbour and trans-harbour) with a slight delay of 5 to 7 minutes," CR Chief Public Relations Officer Sunil Udasi said.

The suburban main line of CR runs from Chhatrapati Shivaji Maharaj Terminus (CSMT) to Karjat, Khopoli and Kasara, the Harbour Line runs from CSMT to Panvel and the Trans-Harbour Line is from Thane to Vashi and Panvel.

The Western Railway in a tweet said, "WR Suburban trains are running with no disruption. There is slight delay due to low visibility in some areas due to rains."

Certain diversions were made due to water-logging on few routes of bus services of the Brihanmumbai Electric Supply and Transport (BEST), an official said.

The IMD has predicted heavy-to-very heavy rain in the city in the next 24 to 48 hours.

"These heavy showers are due to a cyclonic circulation over north Konkan and adjoining south Gujarat and another circulation in the Bay of Bengal. We expect the rain activity to increase in the coming week, with scattered heavy to very heavy rain on June 27 and 28 in parts of north Konkan, including Mumbai," an IMD official said.

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News Network
March 12,2020

Bhopal, Mar 12: The Madhya Pradesh Congress on Thursday took a dig at Jyotiraditya Scindia, who broke ranks with the party and joined BJP on Wednesday, by pointing out that neither Prime Minister Narendra Modi nor Amit Shah had not even put out as much a tweet to welcome him in the party, and construed it as "humiliation" for the "maharaja".

"Not even a tweet by Narendra Modi-ji or Amit Shah-ji to welcome Scindia-ji! Modi-ji, Shah-ji, at least do not do it so soon. It has not even been 24 hours yet and you guys have already started humiliating him...!" Madya Pradesh Congress tweeted in Hindi.

Taking a jibe at Mr Scindia, a member of the erstwhile royal family of Gwalior who ended his 18-year-long association with the Congress party on a bitter note, the state Congress said: "He is a maharaja, the one whose history is often mentioned by Shivraj-ji (former Madhya Pradesh Chief Minister Shivraj Singh Chouhan)."

On Wednesday, Jyotiraditya  Scindia joined BJP in New Delhi in the presence of party president JP Nadda. He had resigned from Congress a day earlier after meeting Amit Shah and Prime Minister Narendra Modi.

Mr Scindia will file his nomination for the Rajya Sabha elections on March 13. He is expected to go to Bhopal today.

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News Network
January 27,2020

Kabul, Jan 27: A passenger plane crashed on Monday in a Taliban-held area of Afghanistan's Ghazni province, local officials said.

Arif Noori, spokesman for the provincial governor, said the plane went down around 1:10 p.m. local time in Deh Yak district, which is held by the Taliban. Two provincial council members also confirmed the crash.

The number of people on board and their fate was not immediately known, nor was the cause of the crash.

Ariana Airlines, Afghanistan's national carrier, dismissed the claim that one of their planes had crashed in a statement on their website, saying all their aircraft were operational and safe.

The mountainous Ghazni province sits in the foothills of the Hindu Kush mountains and is bitterly cold in winter.

The last major commercial air crash in Afghanistan occurred in 2005 when a Kam Air flight from western Herat to the capital Kabul crashed into the mountains as it tried to land in snowy weather.

The war however has seen a number of deadly crashes of military aircraft. One of the most spectacular occurred in 2013 when an American Boeing 747 cargo jet crashed shortly after takeoff from Bagram air base north of Kabul en route to Dubai in the United Arab Emirates. All seven crew member were killed.

Afghanistan's aviation industry suffered desperately during the rule of the Taliban when its only airline Ariana was subject to punishing sanctions and allowed to fly only to Saudi Arabia for Hajj flights.

Since the overthrow of the religious regime smaller private airlines have emerged but the industry is still a nascent one.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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