Pollution levels in Delhi and satellite towns shoot up, air quality 'severe plus' at several places

News Network
November 3, 2019

New Delhi, Nov 3: Pollution levels in Delhi and satellite towns shot up again on Sunday morning, with the air quality bordering the 'severe plus' category at several places.

A slight increase in the wind speed and a light drizzle on Saturday had led a drop in pollution levels with the air quality index settling at 399 in the evening.

However, weather experts said pollution levels shot up overnight due to calm winds leading to accumulation of pollutants.

At 11 a.m., Delhi's AQI read 483.

On Friday, the city recorded the 24-hour AQI average of 484, which prompted authorities to shut schools, ban all construction activities and declare a "public health emergency".

The Friday's highest was the worst since November 9, 2017, when it was 486.

The AQI at Pusa, Bawana, Anand Vihar, Ashok Vihar, Mundka, Punjabi Bagh and ITO was between 490 and 500.

In the National Capital Region (NCR), Noida (487), Ghaziabad (483) and Greater Noida (470), Gurgaon (457), breathed extremely polluted air.

An AQI between 0-50 is considered 'good', 51-100 'satisfactory', 101-200 'moderate', 201-300 'poor', 301-400 'very poor' and 401-500 'severe'. Above 500 falls in the 'severe plus' category.

NASA satellite imagery showed vast swathes of the northern plains, covering Punjab, Haryana, Delhi, Uttar Pradesh, Bihar, and parts of Jharkhand and West Bengal, blanketed under a smoky haze.

Delhi is pinning hopes on meteorological relief with the weatherman saying winds gusting up to 20-25 kilometers per hour are likely to prevail in the region from Sunday evening to Tuesday.

Scattered rainfall in Punjab, Haryana, Rajasthan and Delhi is likely on November 7 and 8 under the influence of Cyclone Maha and a fresh western disturbance.

This rainfall, however light, will be significant in terms of reducing the effect of stubble burning and washing away pollutants, officials said.

On Friday, the Supreme Court-mandated Environment Pollution (Prevention and Control) Authority had declared the "public health emergency", following which the Delhi government decided to shut all schools.

The EPCA also banned all construction activities in Delhi-NCR till November 5.

Chief Minister Arvind Kejriwal called Delhi a "gas chamber" and blamed stubble burning in Haryana and Punjab for the apocalyptic haze shrouding Delhi.

The share of stubble burning in Delhi's pollution stood at 46 per cent on Friday, the highest so far. It dropped to 17 per cent on Saturday and is expected to be 12 per cent on Sunday, according to the Ministry of Earth Sciences' air quality monitor SAFAR.

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News Network
March 9,2020

New Delhi, Mar 9: Petrol and diesel prices registered a drop across the country on Monday as global oil prices plummeted around 30 per cent after Saudi Arabia slashed prices and set plans for a dramatic increase in crude production in April.

In New Delhi, petrol price fell by 24 paise intra-day and stood at Rs 70.59 per litre. Diesel in the national capital was retailed at Rs 63.26 per litre on Monday as against Rs 63.51 on Sunday.

The retail price of petrol in Kolkata saw a drop of 23 paise to Rs 73.28 per litre. The diesel price fell by 25 paise in the eastern metropolitan city to retail at Rs 65.59 per litre.

In Mumbai, petrol price was Rs 76.29 per litre as against Rs 76.53 a day earlier. Diesel was retailed at Rs 66.24 per litre, 26 paise lower than on Sunday.

In Chennai, petrol was retailed at Rs 73.33 per litre, 25 paise lower than a day earlier. Diesel price saw a fall of 26 paise to retail at Rs 66.75 per litre in the southern metropolitan.

Global crude oil prices fell by as much as a third following Saudi Arabia's move to start a price war with Russia amid worries over the spread of coronavirus.

Brent crude futures were down 13.29 dollars or 29 per cent at 31.98 dollars a barrel by 04:33 hrs GMT after earlier dropping to 31.02 dollars, their lowest since February 12, 2016.

Brent futures were on track for their biggest daily decline since January 17, 1991 at the start of the first Gulf War.

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News Network
February 9,2020

New Delhi, Feb 8: Arvind Kejriwal is set to return as Delhi chief minister and his Aam Aadmi Party (AAP) will virtually sweep the assembly elections, exit polls predicted Saturday.

As polling came to a close at 6 pm, with the Election Commission of India (ECI) projecting a voter turnout at 60.24% (as of 9:50 pm), a poll of polls covering 10 exit polls gave 52 seats to AAP, 17 to the Bharatiya Janata Party and one to the Indian National Congress.

The polls, which are sample surveys conducted among voters exiting polling booths, signalled that the Delhi voter responded to AAP’s campaign that focused on “kaam”, or getting work done.

Kejriwal, a former civil servant and activist who stormed into electoral politics with an anti-corruption campaign in 2013, led a campaign focusing on the development work his government did in Delhi, especially in education and healthcare, as well as sops such as lower electricity bills and free bus rides for women.

The exit polls gave AAP between 47 and 68 seats in the 70-member Assembly.

They predicted an absolute rout for Congress, which ruled Delhi for three terms between 1998 and 2013. The maximum seats to AAP were given by India Today TV-Axis exit poll, which predicted 59-68 seats for the party, while giving 2-11 for the BJP and none to the Congress.

If these figures hold, the results will come as a disappointment for the BJP, which had hoped its sweep in the Lok Sabha elections in 2019 would reflect in the assembly polls.

Delhi’s voter turnout saw a sharp fall over the 2015 elections. According to the Election Commission of India, voter turnout till 9 pm was projected at 60.24% — lower than 67.12% in 2015.

Traditionally, a lower voter turnout is read as a vote for the incumbent.

The voter turnout in Delhi has been similar during the Congress regime under Sheila Dikshit, when she won consecutive terms. In 2003, when Delhi voted a second time for the Dikshit government, the voter turnout was 53.42%, and a comparable 57.58% was the turnout in 2008.

Later, in two consecutive elections — 2013 and 2015 — voters turned out in big numbers to vote Dikshit out of power. In 2013, 65.63% of Delhi turned out and the percentage increased further to 67.12% in 2015.

Across constituencies, Matia Mahal in Central Delhi registered the highest voter turnout of 68.36%, whereas Bawana assembly constituency in North district saw the lowest turnout at 41.95%. Among districts, North East district registered the highest (62.75%) voter turnout, while the lowest turnout was recorded in South East district (54.15%), according to the ECI app.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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