Kerala seeks 2,600 cr special package from Centre

Agencies
August 21, 2018

Thiruvananthapuram, Aug 21: Kerala on Tuesday sought a Rs 2,600 crore special package from the Centre even as the state struggled to find its feet after the devastating deluge that left 223 dead in a fortnight and forced over 10 lakh people out of their homes.

Chief Minister Pinarayi Vijayan chaired a meeting of the state cabinet, which decided to seek a special package from the Centre under the centrally-sponsored schemes including the latter's flagship rural employment programme MNREGS.

Vijayan said a special session of the state assembly has been convened on August 30 to discuss the situation arising from the calamitous floods, the worst in a century.

The chief minister had earlier said the state had suffered damages of about Rs 20,000 crore. Prime Minister Narendra Modi and two other union ministers have collectively announced interim assistance of Rs 680 crore for the state so far.

Vijayan said Kerala would also ask the Centre to hike the limit of loan it can secure from the open market for the massive rebuilding exercise after 13 of the state's 14 districts were ravaged by floods, traumatising people and devastating its infrastructure.

Under the present arrangement, Kerala can obtain three per cent of its gross state domestic product (GSDP) as loans and wants it to be raised to 4.5 per cent to the state can mobilise an additional Rs 10,500 crore from the open market, he said.

As the massive humanitarian tragedy unfolded in the picturesque state, relief poured in. Governments of other states, corporate entities and individuals, including small children, have loosened their purse strings.

Vijayan said the United Arab Emirates has promised an assistance of USD 100 million (About Rs 700 crore) for the state's reconstruction.

Sheikh Mohammed Bin Zayed Al Nahyan, the crown prince of Abu Dhabi, called up prime minister Modi and made the offer for assistance, Vijayan said.

The state-level bankers' committee has also decided to declare a moratorium on repayment on agricultural loan for a year.

Over 10.78 lakh people, including 2.12 lakh women and 1 lakh children below 12 years of age, are taking shelter in as many as 3,200 relief camps a fortnight after a murderous monsoon rampaged through the state in its second spell that began on August 8.

Though rains have eased over the last two days, vast swathes of land remain under a seemingly endless sheet of water in Ernakulam, Thrissur, Pathanamthitta, Alappuzha and Kollam districts.

Though most of those marooned have been evacuated, the state government and defence forces said rescue efforts will continue till the last person was brought to safety. Over 1.63 lakh people were rescued in the last five days alone.

As the state drowned in unprecedented misery, the Onam festival that brings together people of all religious faiths, castes and creed in celebration of a good harvest, too has been washed away, with the government and other entities cancelling the events scheduled for August 25. The money collected for the celebrations will now be spent on flood relief.

The Muslim festival of Bakrid tomorrow will also be low key.

"Houses of many people of the community in Thrissur, Kozhikode and Malappuram districts are still under water. Many of them have not gone back to their homes," said senior journalist C Rahim, adding people were yet to recover from the shock of the floods to be in a celebratory frame of mind.

For people like Ammini, who had to rush to relief camps with only their clothes on, celebrating Onam is the last thing on their mind.

"We don't have anything left, everything has been lost. There is nothing to look forward to. My son is bedridden...I don't know where to go from the camp with my son, daughter-in-law and their child. We have no home left," said the 55-year-old.

"We don't know how to take our life forward. Onam is not on our minds now," she said fighting back tears.

Road and rail services have resumed in most parts of the state but clearing houses of the debris washed up by surging flood water is a daunting task. Vijayan said a massive action plan is being put in place for that.

The state government, he said, is also preparing a comprehensive health action programme to prevent the outbreak of water-borne diseases.

Comments

Ramprasad
 - 
Tuesday, 21 Aug 2018

Modi should stop partiality. Modi taking cheddi favoured decisions. They couldnt be rooted in Kerala soil so they are making use of the situation. UAE govt to give 700 crore. 

Sooraj
 - 
Tuesday, 21 Aug 2018

Centre didnt give required money.

 

Centre denied UN, Japan aid offer to Kerala
Centre offered rice and asked money for that

 

Modi playing with Kerala. Shame on you

 

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News Network
April 21,2020

Kasaragod, Apr 21: Kerala reported a spike in COVID-19 cases on Tuesday with 19 people testing positive, after a decline in the numbers in the past few days, as the total infections touched 426 in the southern state.

Kannur recorded 10 cases, Palakkad four, Kasaragod three and Malappuram and Kollam one each, Chief Minister Pinarayi Vijayan told reporters here.

The number of those getting infected were in single digits over the past few days.

Of the 10 positive cases from Kannur, nine of them had come from abroad and one had been infected through contact, he said.

Pointing out that the positive cases in Palakkad,Malappuram and Kollam had come from neighbouring Tamil Nadu, Vijayan said there is need to enforce strict vigilance in places bordering neighbouring states.

Sixteen people tested negative on Tuesday, while the total active cases 117, he added.

At least 32,000 people are under observation,

Of the around 20,000 samples sent, 19,440 had returned negative, Vijayan said.

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News Network
January 15,2020

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

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News Network
January 31,2020

Bengaluru, Jan 31: Karnataka Chief Minister B S Yediyurappa on Friday got the green signal from the BJP central leadership for the much-awaited cabinet expansion in the state and he is mostly likely to induct 11 ministers. Yediyurappa said the date of swearing-in will be decided in a day or two, although he indicated that it would most likely be held on February 3.

Currently, there are 18 ministers, including the chief minister, in the cabinet that has a sanctioned strength of 34. Sixteen berths are vacant. "Many of our suggestions have been accepted by Home Minister Amit Shah and BJP national president J P Nadda. If there are differences, we will discuss in Bengaluru and finalise it," Yediyurappa told reporters after meeting Shah in the Parliament Complex here.

Except for one or two, most of the disqualified JDS-Congress MLAs who got re-elected in the bypolls on BJP tickets will be made ministers, he said, adding there won't be any additional deputy chief ministers. However, sources said, a total of 11 ministers would be inducted into the cabinet.

"We discussed yesterday and now also. Shah has agreed to almost everything," Yediyurappa said, adding he is returning back "happy" after getting the nod for the cabinet expansion. "I am going happy," he said.

Yediyurappa had been anxiously waiting for the party high command's approval to expand his ministry amid intense lobbying by the aspirants. Opposition parties have been critical of the BJP and Yediyurappa over the delay in the cabinet expansion, alleging he was weak and that his administration had collapsed.

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