Monsoon fury in north India: 131 dead, 70,000 stranded; Kedarnath town ruined

June 19, 2013

Kedarnath_town_ruined

Dehradun/Shimla, Jun 19: The famous Kedarnath shrine was virtually submerged in mud and slush where 50 people died in the unprecedented flash floods that claimed over 131 lives in Uttarkhand and Himachal Pradesh and left over 70,000 pilgrims for Himalayan shrines stranded.

The shrine, one of the four holy dhams, in Rudraprayag district of Uttarakhand bore the brunt of torrential rains. About 500 people, including several pilgrims, are said to be missing in the area.

Military helicopters carried out emergency food drops on Wednesday for thousands of people stranded by flash flooding from early monsoon rains in north India, officials said.

Thousands of houses have been swept away in the flash floods and authorities are using helicopters to evacuate people and drop essential food supplies.

Kukhimath sub divisional magistrate Rakesh Tewari told reporters after his return from Kedarnarth that 50 bodies are lying in areas adjacent to the shine.

"We are right now concentrating on rescuing those who are alive," he said.

The death toll may rise significantly once water recedes and relief teams are able to access the affected areas.

A portion of the Kedarnath temple compound was washed away but authorities said no damages were reported to the structure itself.

The Ram Bada area, a busy spot near the temple, has been completely submerged and was not visible from rescue choppers.

Army Central Command officials said that nearly 6,000 to 8,000 people are stranded in Kedarnath, 2,500 in Hemkund Sahib and around 8,000 in Badrinath.

Flash floods, cloudbursts and landslips have so far claimed 131 lives in northern India. Thousands have been displaced in Uttar Pradesh where several rivers are in spate.

The death toll in Uttarakhand has reached 102. Rudraprayag district was the worst hit with 20 people dead and 73 buildings, including 40 hotels, along the banks of the Alaknanda swept away in the swirling waters of the river.

A total of 71,440 pilgrims bound for the Himalayan shrines of Kedarnath, Badrinath, Gangotri and Yamunotri are stranded in Rudraprayag, Chamoli and Uttarkashi districts of Uttarakhand with the famous char dham yatra having been suspended due to massive landslides and damage to the road network.

While 27,040 tourists are stranded in Chamoli, Rudraprayag and Uttarkashi have 25,000 and 9,850 pilgrims from various parts of the country stranded, disaster management authorities said.

Meanwhile, with a slight let up in the rain today, rescue efforts are being intensified in the affected areas.

More than a dozen helicopters have been deployed in Uttarakhand and Himachal Pradesh for relief and rescue operations with officials saying that all the stranded people are expected to be evacuated soon.

Union home secretary RK Singh said food, medicines and blankets were air-dropped in remote areas of Uttarakhand and Himachal Pradesh. home minister Sushilkumar Shinde, too, talked to the chief ministers of the two states.

"We have provided seven helicopters to Uttarakhand. The state government has also hired four private helicopters. We are providing helicopters to Himachal Pradesh. Hopefully, all stranded people will be evacuated today," Singh said in New Delhi.

Himachal chief minister Virbhadra Singh, who was stranded in Kinnaur district for nearly 60 hours due to landslides, was evacuated this morning by a chopper hired by his Congress party.

The threat of flood, meanwhile, loomed large over Delhi as the water level in Yamuna climbed well above the danger mark. Around 1,500 people in the various low-lying areas of east Delhi have been evacuated and sent to relief camps.

"The water level of Yamuna crossed the danger mark of 204.83-m at 7 AM and reached 205.58-m at 7 PM," an official in the flood and irrigation department said.

A high alert has been issued in Uttar Pradesh following heavy rainfall across the state and the release of water by several barrages since yesterday.

Four persons were killed in rain-related incidents in the state, including three teenagers who were struck by lightning in Maharajganj. Another woman was killed and six others injured when a house collapsed in heavy rains in Muzaffarnagar.

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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News Network
May 7,2020

May 7: Accusing the BJP government in Karnataka of "medieval barbarism" and treating migrants as worse than "bonded labourers", CPI(M) general secretary Sitaram Yechury on Wednesday hit out at the state's decision to stop workers from returning to their homes in different parts of the country citing requirements of the construction sector.

The Karnataka government has withdrawn its request to the railways to run special trains to ferry migrant labourers to their home states, hours after builders met Chief Minister B S Yediyurappa to apprise him of the problems the construction sector will face in case they left.

"This is worse than treating them as bonded labour. Does the Indian constitution exist? Are there any laws in the country? This BJP state government is throwing us back to medieval barbarism. This will be stoutly resisted,” Yechury said in a tweet.

The railways is running Shramik Special trains to ferry to their home towns migrants who were stranded at their places of work during the lockdown.

So far, it has run more than 115 such trains.

The Principal Secretary in the Revenue Department N Manjunatha Prasad, who is the nodal officer for migrants, had requested the South Western Railways on Tuesday to run two train services a day for five days except Wednesday, while the state government wanted services thrice a day to Danapur in Bihar. However, later, Prasad wrote another letter within a few hours that the special trains were not required. Several migrants in the city were desperate to return home as they were out of jobs and money.

Yechury also lashed out at the central government over reports that it owed states and industry Rs 3 trillion and accused the centre of shifting the burden of fighting the pandemic to the state governments.

“While shifting the entire burden of fighting the pandemic on to the State governments, Modi government is not even paying their legitimate dues. After November 2019, Centre has not paid the GST compensation dues for the rest of the financial year, i.e., March 2020.

“Modi government has the right to loot while crores of people & States are left with nothing but the right to starve?,” he tweeted.

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News Network
January 14,2020

Chennai/New Delhi, Jan 14: India's annual electricity demand in 2019 grew at its slowest pace in six years with December marking a fifth straight month of decline, government data showed, amid a broader economic slowdown that led to a drop in sales of everything from cars to cookies and also to factories cutting jobs.

Electricity demand is seen as an important indicator of industrial output in the country and a sustained decline could mean a further slowdown in the economy.

India's power demand grew at 1.1% in 2019, data from the Central Electricity Authority showed, the slowest pace of growth since a 1% uptick seen in 2013. The power demand growth slowdown in 2013 was preceded by three strong years of consumption growth of 8% or more.

In December, the country's power demand fell 0.5% from the year-earlier period, representing the fifth straight month of decline, compared with a 4.3% fall in November.

But in India's western states of Maharashtra and Gujarat, two of India's most industrialised provinces, monthly demand increased.

In October, power demand had fallen 13.2% from a year earlier, its steepest monthly decline in more than 12 years, as a slowdown in Asia's third-largest economy deepened.

Industry accounts for more than two-fifths of India's annual electricity consumption, while homes account for nearly a fourth and agriculture more than a sixth.

The slower demand growth is a blow for many debt-laden power producers, who are facing financial stress and are owed over $11 billion by state-run distribution companies.

India's overall economic growth slowed to 4.5% in the July-September quarter, government data released in November showed, the weakest pace since 2013 as consumer demand and private investment fell.

The government has estimated growth in the current financial year that runs through to March will be the slowest since the 2008 global crisis.

"This reflects overall economic slowdown, because if you look at other high frequency data like diesel consumption, everywhere you are seeing contraction," Rupa Rege Nitsure, chief economist at L&T Financial Holdings.

But India's central bank will not have much scope to cut rates to stimulate the economy because inflation has been rising sharply and reached 7.35% in December compared with 1.97% in January last year.

Economists say India's growth will continue to hover around 4.5% levels in the Oct-Dec quarter.

"In the Oct-Dec quarter as well growth (GDP) will be around the same level as July-September. My estimate for the full year is around 4.7% growth," Nitsure said.

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