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Maharashtra government announces Rs 20-crore aid for flood-hit Kerala

Agencies
August 18, 2018

Aug 18: The Maharashtra government announced today an immediate financial assistance of Rs 20 crore for the flood-ravaged Kerala.

Chief Minister Devendra Fadnavis, through a post on Twitter, said his government is releasing Rs 20 crore as an immediate assistance for Kerala's flood-affected people.

He said the state government is in constant touch with its Kerala counterpart for its requirements and necessary support since yesterday in the wake of devastating floods which have caused large-scale damage in the southern state.

Fadnavis appealed to citizens and organisations to come forward and contribute in all possible ways to help the people of Kerala.

He said the Maharashtra Chamber of Housing Industry (MCHI-CREDAI) is contributing food packets worth Rs 1.5 crore, while the Rajasthani Welfare Association and the Jain International Trade Organisation (JITO) are donating Rs 51 lakh each for the flood-hit population.

Around 11 tonne of dry food is being arranged for the flood-affected people of Kerala, of which 6 tonne would be dispatched by this evening, the chief minister said.

The government's announcement came after the Opposition NCP and the Congress urged Fadnavis to act as a "big brother" and perform "Raj dharma" by financially helping Kerala, coping with a massive natural disaster triggered by heavy rains and landslides.

"Whenever any part of the country has been in danger, Maharashtra has been at the forefront of lending a helping hand. Today, millions of people of Kerala are at risk of losing their lives.

"In their time of need, it is imperative that Maharashtra plays the role of a big brother and goes all out to help the state government in relief operations," NCP leader Dhananjay Munde said while speaking to reporters today.

The Leader of Opposition in the Maharashtra Legislative Council urged the Centre to declare Kerala flood a national disaster, asserting that millions of lives are in danger due to paucity of food, drinking water and shelter.

Munde said the Centre's emergency aid of Rs 500 crore for Kerala was not sufficient.

State Congress spokesperson Sachin Sawant said over 320 people have lost their lives in Kerala until now and added Maharashtra should lend a helping hand to the southern state in these difficult times.

"This is the culture of Maharashtra. Even during Uttarakhand floods (in June 2013), Maharashtra had immediately declared financial assistance to the ravaged state," he tweeted.

Maharashtra Minister Ravindra Chavan and BJP corporators from adjoining Kalyan Dombivli township have donated their one month's salary for relief efforts in Kerala.

"Kerala is struggling with flood and fearful unhealthy conditions. They are awaiting our help. Myself and BJP (Kalyan -Dombivli municipal corporation) KDMC corporators donating our salary, many Dombivlikars contributing to Seva Bharati Keralam for #KeralaFloods #Donate4Kerala. Pls join the cause," Chavan tweeted.

Prime Minister Narendra Modi, along with Kerala Governor P Sathasivam, Chief Minister Pinarayi Vijayan and Union Minister K J Alphons, today conducted an aerial survey of some of the areas affected by flood.

The southern state is facing its worst flood in 100 years with 80 dams opened and all rivers in spate.

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News Network
July 1,2020

New Delhi, Jul 1: 18,653 COVID-19 cases have been reported in India in the last 24 hours, taking the country's tally of coronavirus cases to 5,85,493, informed the Union Health and Family Welfare Ministry on Wednesday.

As per the Ministry, there are presently 2,20,114 active cases in the country. The number of patients cured/discharged and migrated stands at 3,47,979.

507 deaths due to COVID-19 were reported in the last 24 hours taking the total deaths due to the virus to 17,400.

According to the ministry, Maharashtra is the worst-affected state by the virus with 1,74,761 cases including 7,855 fatalities.

Tamil Nadu is the second worst-hit state with 90,167 cases including 1,201 deaths. Meanwhile, Delhi has a total of 87,360 cases.

The Indian Council of Medical Research said that a total number of 86,26,585 tested up to June 30 of which 2,17,931 samples were tested on Tuesday.

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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News Network
February 18,2020

New Delhi, Feb 18: India emerged as the world's fifth-largest economy by overtaking the UK and France in 2019, says a report.

A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.

"India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot," it said.

The size of the UK economy is $2.83 trillion and that of France is $2.71 trillion.

The report further said that in purchasing power parity (PPP) terms, India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is $2,170 (for comparison, the US is $62,794).

India's real GDP growth, however, it said is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

The report observed that India's economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.

"These measures have helped India accelerate economic growth," it said.

India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy.

The US-based World Population Review is an independent organisation without any political affiliations.

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