Mangalore has low tsunami risk'

[email protected] (The Hindu)
March 26, 2011

coast

Mangalore, March 26: The risk of tsunami in Mangalore is low, K.R. Subrahmanya, former Chairman, Department of Marine Geology, Mangalore University, has said.

He was speaking to media on the sidelines of a two-day seminar on “Coastal hazards, resources and management” organised by the department at Mangalagangotri on Friday.

“Mangalore is at low risk, provided we do not interfere too much, which means we should not build too many seawalls, harbours and jetties. Mangalore is at low risk because the land here is gradually rising at a rate of 1 to 1.5 mm a year whereas other parts of the globe are facing a rising sea-level,” he said.

The movement of the Indian landmass northward was being limited by the Himalayas, and therefore, there was a “buckling” of the landmass horizontally, along a line from Mulky to the Pulicat Lake. “On a scale of 10, Mangalore gets 1 or 2 marks for its vulnerability to a tsunami. Also, Tannirbhavi is not prone to a threat though southern Ullal is under threat,” he said giving Ullal 8 or 9 marks out of 10 for vulnerability. At the inaugural session of the seminar, T.C. Shivashankara Murthy, Vice-Chancellor of Mangalore University, said that trying to map areas susceptible to tsunamis was a laudable effort. An effort must be made to preserve and protect the coastal areas.

Inaugurating the seminar, Mr. Subrahmanya spoke about the evolution of west coast of India. He said the two coasts had distinct histories of their own and the west coast originated subsequent to the east coast.

During the seminar, there will be “invited talks” from experts and presentation of 42 abstracts by research scholars and staff of various universities and institutions, including National Geophysical Research Institute, Hyderabad, Council of Scientific and Industrial Research, Goa University, National Institute of Technology Karnataka Surathkal, University of Madras, Bharathidasan University, National Centre for Antarctic and Ocean Research, Goa, Pondicherry University, Cochin University of Science and Technology and Centre for Earth Science Studies, Thiruvananthapuram.


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News Network
January 9,2020

Udupi, Jan 9: State Revenue Minister R Ashoka said on Wednesday that the state government is embarking on a novel method to ensure that social security schemes were available to the beneficiaries at their doorsteps.

Speaking after inaugurating the Mini Vidhana Soudha here, he said government will look into the Aadhaar number and income certificates to decide the eligibility of the beneficiaries. The initiative will help the poor to access welfare schemes without any hassles.

The initiative will be launched as a pilot project in Udupi district. Later, the project will extend to other districts in a phased manner. In Udupi district, 30,000 beneficiaries have been identified. The government has set aside nearly Rs 7,000 crore for social security schemes. The initiative will not only eliminate middlemen menace but will help the government save Rs 1,000 crore.

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News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

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News Network
July 2,2020

Bengaluru, Jul 2: Former Karnataka Chief Minister HD Kumaraswamy on Thursday accused BS Yediyurappa-led state government of "failure" to protect the citizens from coronavirus, stating that Karnataka was suffering due to lack of co-ordination in the cabinet.

In a series of tweets, the JD(S) leader slammed the state government for wasting their time in giving out contradictory statements regarding COVID-19 figures instead of learning lessons from the Kerala government.

"It is shocking to see COVID-19 patients being turned down by the hospitals due to lack of beds. The government has failed in its duty to protect the citizens. The CM and his cabinet colleagues wasted precious time in mere talking for the last three months. As the escalated Covid numbers stare them in the face, they are now helpless," Kumaraswamy wrote.

"Even when you have a proven model in Kerala government's success in Covid management, the ministers waste time in issuing contradictory statements and doing nothing. Karnataka suffers due to lack of co-ordination in the cabinet," he said.

Urging the government to act together, he said that if the government does not get its act together, the day is not far when Covid patients would be "condemned to die on the streets."

We are already seeing heart-wrenching stories of patients denied treatment," he added.

Kumaraswamy also appealed to the Karnataka government to consider the suggestions he had made earlier and not to indulge in party politics in these testing times.

"I appeal to the government to consider the suggestions I made earlier and act accordingly. This is not the time for party politics."

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