Indonesia Tsunami: 281 killed, 1016 injured

Agencies
December 23, 2018

Jakarta, Dec 24: At least 281 people have been killed and 584 injured with more than 10000 rendered homeless when a Tsunami struck off the Sunda Strait of Western Indonesia between Java and Sumatra destroying 611 housing units, 69 hotels, 60 shops and completely damaging 420 boats.

Indonesia had not even recuperated from the recent havoc done by the earthquake, a major tragedy has again jolted the nation. As per Indonesia's disaster mitigation agency the tsunami occurred at 21:27 pm Jakarta time (2257 IST), on Saturday hitting coastal areas of Sunda Strait, including Pandeglang and Serang districts of Banten province and south Lampung of Lampung province.

Authorities said the wave was likely caused by an eruption of Anak Krakatau volcano, possibly due to underwater landslides.

'The cause of the tsunami is still being investigated by BMKG to know for sure. Possible caused by underwater landslides due to eruption of Mount Anak Krakatau and tidal waves due to the full moon. The two combinations caused a sudden tsunami that hit the coast. BMKG is still coordinating with the Geology Agency to ascertain the causes', Sutopo Purwo Nugroho, Head PR, Indonesian National Board for Disaster Management said in a tweet adding that the toll of victims is likely to increase.

Head of the meteorology and geophysics agency Dwikorita Karnawati has said that the tsunami was triggered by the eruption of the Krakatau Child volcano.

"We predicted that the impact could be directly or indirectly, there was a possibility of landslides under the sea bed," Xinhua quoted Karnawati as saying in a press conference.
In Pandeglang district, the tsunami appeared with the height of four to five meters, leaving at least 17 people dead and scores others missing and at least 40 suffering from serious injury, said Endang Permana, head of emergency department of disaster management agency in the district.

"Many people were missing, they were swept by waves when they were watching a performance in the coastal area," Permana said.

In Lampung Selatan district, evacuation of those under the rubble of collapsed buildings and search for missing persons who were swept by waves during the tsunami are underway, said Ketut Sukerta, head of the disaster management agency in the district.

Areas that were severely affected were settlements and tours on Tanjung Lesung Beach, Sumur Beach, Teluk Lada Beach, Panimbang Beach, and Carita Beach.

The Anak Krakatau volcano has seen increased activity in recent months. Indonesia's geologic agency said that the volcano erupted for two minutes and 12 seconds on Friday, creating an ash cloud that rose 400 metres (1,300ft) above the mountain.

It recommended that no-one be allowed within two kilometres of the crater.

The disaster management agency said that high seas as a result of the full moon may also have contributed to the strength of the waves.

Indonesia is prone to tsunamis because it lies on the Ring of Fire - the line of frequent earthquakes and volcanic eruptions that circles virtually the entire Pacific rim.

In September, more than 2,000 people died when a powerful earthquake struck just off the central Indonesian island of Sulawesi, setting off a tsunami that engulfed the coastal city of Palu.

On 26 December 2004, a series of huge waves triggered by a powerful earthquake in the Indian Ocean killed about 228,000 people in 14 countries, mostly in Indonesia.

However, tsunamis caused by volcanic activity like this are less frequent.

In August 1883, Krakatoa underwent one of the most violent volcanic eruptions in recorded history.

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Agencies
February 10,2020

New Delhi, Feb 10: The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100% stake with management control and has invited the Expression of Interest for the same by March 16.

The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said.

"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, said.

The process for the transaction has been divided into two stages, namely, Stage I and Stage II.

After BPCL and Air India, this is yet another CPSE which government is slated to privatise if it gets offers from bidders.

The government has set a challenging target of Rs 2.1 lakh crore disinvestment proceeds from CPSE sell-offs and IPOs, OFSs (Offer for sale) in the next fiscal and it going out all guns blazing to meet that target after revising this fiscal target of Rs 1.05 lakh crore to Rs 65,000 crore.

The Interested Bidders (which can also include employees of CEL) must have a minimum net worth of Rs 50 crore as on March 2019. DIPAM has released complete invitation Preliminary Information Memorandum (PIM) of CEL. Resurgent India Limited is the advisor to the Transaction.

CEL is a pioneer in the country in the field of Solar Photovoltaic (SPV) with the distinction of having developed India's first Solar cell in 1977 and first Solar panel in 1978 as well as commissioning India's first solar plant in 1992.

More recently, it has developed and manufactured the first crystalline flexible solar panel especially for use on the passenger train roofs in 2015.

Its solar products have been qualified to International Standards IEC 61215/61730. CEL is further working on development of a range of new and upgraded products for signaling and telecommunication in the railway sector.

In the SWOT analysis of the CPSE, DIPAM has stated under weakness that "the company has weak financial loss due to past losses, high manufacturing cost and non payment of dues by state nodal agencies affecting the financial position of the company".

The CPSE has adequate land for expansion, the SWOT analysis said adding "the CPSE faces threat of dumping of solar cells at very low rates which makes solar PV manufacturing industry unviable".

Entry of new players in the market for solar products and railway signalling systems also is cited as a threat.

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News Network
February 19,2020

Beijing, Feb 19: The death count from China's new coronavirus epidemic jumped to 2,000 on Wednesday after 132 more people died in Hubei province, the hard-hit epicentre of the outbreak.

In its daily update, the province's health commission also reported 1,693 new cases of people infected with the virus.

This brings the total number of cases in mainland China past 74,000.

Most of the cases are in Hubei, where the virus first emerged in December before spiralling into a nationwide epidemic.

Wednesday's jump in the death count was an increase on Tuesday's figures, although the number of new cases reported in Hubei were the lowest for a week.

A study released by Chinese officials claimed most patients have mild cases of the illness.

Outside of hardest-hit Hubei, which has been effectively locked down to try to contain the virus, the number of new cases has been slowing and China's national health authority has said this is a sign the outbreak is under control.

President Xi Jinping, in a phone call with the British prime minister, said China's measures were achieving "visible progress", according to state media Tuesday.

However, the World Health Organization has cautioned that it was too early to tell if the decline would continue.

On Tuesday the director of a hospital in the central Hubei city of Wuhan became the seventh medical worker to succumb to the COVID-19 illness.

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News Network
June 16,2020

New Delhi, Jun 16: Jet fuel or ATF price on Tuesday was hiked by 16.3 per cent while petrol price was increased by 47 paise per litre and that of diesel by a record 93 paise on the back of firming international oil rates.

Aviation turbine fuel (ATF) price was hiked by ₹5,494.5 per kilolitre (kl), or 16.3 per cent, to ₹39,069.87 per kl in the national capital, according to a price notification by state-owned oil marketing companies.

This is the second straight increase in ATF price this month. Rates were hiked by a record 56.5 per cent (₹12,126.75 per kl) on June 1.

Simultaneously, petrol and diesel prices were hiked for the 10th day in a row.

Petrol price in Delhi was hiked to ₹76.73 per litre from ₹76.26, while diesel rates were increased to ₹75.19 a litre from ₹74.26, the price notification said.

In 10 hikes, petrol price has gone up by ₹5.47 per litre and diesel by Rs 5.8 a litre.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The hike in diesel rates is the highest daily increase since the state-owned fuel retailers started daily revision in rates in May 2017.

Hike for 10th consecutive day

Tuesday’s increase in petrol and diesel price marks the 10th straight day of rise in rates since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices.

The June 1 hike in jet fuel price had come after seven consecutive reductions in rates since February. ATF price in Delhi before the reduction cycle began in February was ₹64,323.76 per kilolitre, which got reduced to ₹21,448.62 last month.

Industry officials said the hike was necessitated because benchmark international rates have bounced back from a two-decade low.

While ATF prices are revised on 1st and 16th of every month, petrol and diesel prices are revised on a daily basis.

Oil companies used to revise ATF prices on the first of every month, but adopted fortnightly revisions on March 21 to pass on the benefit of falling international oil prices to airlines.

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