Rescue, relief in full swing as Chennai battles floods

December 3, 2015

Chennai, Dec 3: Rescue and relief operations were in full swing today in the worst flood-affected areas of Chennai and suburbs and neighbouring districts which enjoyed a welcome respite from torrential rains as Prime Minister Narendra Modi announced a Rs 1,000 crore more aid to Tamil Nadu.chennai

Heavy rains continued to lash coastal Cuddalore district, one of the worst affected areas ever since North-East monsoon fury started early last month, and Villupuram and Kanyakumari districts and Puducherry as the death toll in the state mounted to 269.

The city remained virtually cut off from the rest of the country with air, rail and road transport services continued to be suspended while public transport was crippled because of flooding of arterial main roads, including the Mount Road over the Marmalong bridge.

While intermittent rains have been forecast for Chennai, coastal and interior Tamil Nadu will receive more rains in the next 24 hours.

The Grand Southern Trunk Road that links Chennai with Madurai and beyond was cut off after breaches in several places in Kanchipuram district.

The Southern Railway announced cancellation of all inter and intra-state train services till Saturday while the airport operations will remain suspended till Sunday.

Prices of milk, vegetables and food items sky rocketed because of short supply and people were forced to fork out huge amount of money for buying essentials.

With the flood wreaking havoc, Modi undertook an aerial survey of the flood-hit areas of Chennai and its suburbs and neighbouring districts of Kanchipuram and Tiruvallur.

Later he held consultations with Chief Minister J Jayalalithaa at the naval base "INS Adyar" and announced Rs 1,000 crore aid for relief works over and above Rs 940 crore given by the Centre to Tamil Nadu during the earlier spell of rains in November. Jayalalithaa also made a separate aerial survey of the affected areas.

In a brief statement that began in Tamil, Modi said he has seen the extent of damage suffered by the state and shared the misery of people of Tamil Nadu. "I will stand in support of you," he said in his remarks after the review meeting with the Chief Minister.

Teams of NDRF and army personnel and police and fire service men swung into action to rescue people from their flood homes in Kotturpuram, Nandanam, Jafferkhanpet, Saidapet and the suburbans areas of Velacheri, Madipakkam, Tambaram and Mudichur localities where waters had reached upto first floor.

A total of 28 NDRF teams with over 1,200 personnel were deployed in Chennai where they rescued around 5,000 marooned people by deploying over 110 boats. Two NDRF teams were deployed in Puducherry.

Air Force personnel dropped food packets providing succour to the distressed people living on roof tops after floods displaced them from their homes. A total of 14 lakh food packets were distributed, Tamil Nadu government said.

As many as 255 Navy personnel were pressed into service with 12 boats and 15 helicopters for reaching relief.

Though the torrential rains took a break and sun came out in brief spells, new areas of the city like Kodambakkam, Ashok Nagar and T. Nagar were flooded today after overnight discharge of 30,000 cusecs of water from Chembarambakkam, one of the key sources of drinking water for the city.

Adyar river that flows into the sea after traversing through several areas of the city has been in spate after surplussing of water from Chembarambakkam and other lakes on the outskirts.

Diesel and petrol are in short supply and there are long queues of motorists at the few petrol pumps that are open.

Also there was no electricity in most areas. Mobile phones and landline services were choked. ATM and banking services were paralysed. Some Tamil channels were also off air.

Business establishments and most departmental stores, hotels and eateries were shut.

NDRF Director General O P Singh said in New Delhi that the force will intensify its operations in the affected areas from today as more of its men are being deployed on the ground.

He said over 100 boats, 22 divers, 445 life jackets and 328 buoys have been pressed in by the force and more such rescue items are being dispatched.

The force has already tasked two DIG rank officers and a Commandant in Chennai to oversee operations in the affected areas.

A Navy official involved in the rescue efforts said that most of the places are flooded and lot of efforts are going on both on the ground and by air.

Chennai will remain overcast with possibility of intermittent rains. Fishermen have been warned not to go to sea, Area Cyclone Warning Centre Director S R Ramanan told reporters.

A majority of places in coastal and interior Tamil Nadu and Puducherry are likely to experience more rains in the next 24 hour.

As regards north coastal districts in Tamil Nadu and some places will experience heavy to very heavy rainfall, he said.

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News Network
April 21,2020

New Delhi, Apr 21: The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.

With storage capacity already overflowing amid coronavirus-induced demand collapse, traders rushed to to get rid of unwanted stocks triggering the collapse of US West Texas Intermediate (WTI) crude for May delivery.

Indian Oil Corp (IOC) Chairman Sanjiv Singh said the collapse was triggered by traders unable to take deliveries of crude they had previously booked because of a demand collapse. And so they paid the seller to keep oil in their storage.

"If you look at June futures, it is trading in positive territory... around USD 20 per barrel," he said.

Low oil prices may seem good in short-term but in the long run it will hurt the oil economy as producers will have no surplus to invest in exploration and production which will lead to a drop in production, he said.

He did not comment on retail fuel prices that have been static since March 16.

Oil companies have not changed rates despite a fall in international prices as they first adjusted them against the increase that was warranted from a Rs 3 per litre hike in excise duty and close to Re 1 per litre additional cost of switching over to cleaner BS-VI grade fuel from April 1.

Petrol in Delhi is priced at Rs 69.59 a litre and diesel comes for Rs 62.29 per litre.

"The negative price has no direct impact on India or Indian oil prices, as this has taken place due to crude oil produced and traded within the US. India's prices are driven partly by another benchmark, the Brent, which is still trading at USD 25/barrel. Therefore, the retail price of fuels in India are unlikely to fall," said Amit Bhandari, Fellow, Energy and Environment Studies, Gateway House.

Also, Indian refineries are already overflowing as fuel demand has evaporated due to the unprecedented nationwide lockdown imposed to curb spread of COVID-19. So, they can't rush to buy US crude.

The refineries have already cut operating rate to half because the fuel they produce has not been sold yet.

India imports 4 million barrels/day (1.4 billion barrels/year) of oil. The country has been benefitting from the falling prices of oil for the last five years, when oil dropped from a peak of USD 110/barrel to USD 50-60/barrel last year, enabling India to invest in public service programmes.

"However, the additional USD 30 fall of this week is good for India - but there is also a downside. If oil prices are too low, the economies of oil-rich gulf countries will be hurt, threatening the job prospects of the 8 million Indians working in the Gulf countries. India is the largest recipient of foreign remittances due to these workers – very low oil prices will hurt this cash stream," Bhandari said.

He said the negative price of oil shows how much oil oversupply exists in international markets today. "Global oil consumption has fallen due to the COVID-19 pandemic that traders are willing to pay customers to get rid of the barrels they can't store. The world does not have enough storage capacity, and dumping the oil is an environmental crime."

The first half of April saw Brent crude oil prices plummet 63.6 per cent to USD 26.9 per barrel. Prices of Western Texas Intermediate (WTI), the American oil, had also fallen similarly by 63.1 per cent.

But on April 20, WTI prices turned rapidly negative because traders on the Nymex exchange rushed to offload their May futures positions a day before expiry of contracts (on April 21).

Such WTI futures are traded on the Nymex exchange with contracts settled in physical crude oil. Problem is, those who had gone long are unable to find storage facilities for the oil and had to liquidate their contracts before expiry. This caused the plunge in WTI prices.

Contrast to this, June WTI Nymex futures prices is hovering around USD 21, while Brent for June delivery is at USD 25.

Miren Lodha, Director, CRISIL Research said the demand for crude oil was declining already because of economic slowdown when the COVID-19 pandemic-driven lockdowns crushed it further.

Consequently, oil demand is expected to contract by 8-10 million barrels per day (mbpd) in 2020 assuming demand recovery begins from the third quarter of the year, he said, adding if recovery doesn't happen by then, further demand destruction could occur.

On the supply side, producers reining in output following a strategic deal between OPEC members, Russia and the US.

Under this agreement, OPEC+ would reduce oil production by 9.7 mbpd for May and June, but gradually ease the curb to 7.7 mbpd between July and December 2020, and to 5.8 mbpd till April 2022 to stabilise prices.

"This is expected to reduce some surplus in the market by the end of 2020," Lodha said.

Crude oil demand is expected to decline by over 20 mbpd in April alone. Typically, monthly global demand is about 100 mbpd. Given this scenario, supply curbs would have limited influence.

Consequently, Brent oil prices is expected to be in the USD 25-30 range for the second quarter while increasing marginally in the last 2 quarters of 2020.

"The gigantic inventory build-ups and lack of storage facilities would also put pressure on prices," he said, adding overall Brent could average USD 30-35 in 2020, with a strong downward bias.

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News Network
April 10,2020

New Delhi, Apr 10: With 896 COVID-19 cases reported in the country in the last 24 hours, India's total number of coronavirus positive cases rose to 6,761 on Friday, informed the Union Ministry of Health and Family Welfare.

Out of all these cases, 6039 are active cases, 516 have been cured/discharged/ migrated, and 206 deaths have been reported so far.

The country witnessed the highest one day increase with 896 cases.

37 deaths were reported in the last 24 hours.

Maharashtra with 1364 cases is the worst affected state followed by the Union Territory of Delhi with 898 cases and Tamil Nadu with 834 cases.

The country is under a 21-day lockdown until April 14 which was imposed to curb the spread of the virus.

States like Odisha and Punjab have extended the lockdown till April 30.

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News Network
July 11,2020

New Delhi, Jul 11: Poll strategist Prashant Kishor took a swipe at Bihar Chief Minister Nitish Kumar on Saturday, saying this is time to fight the coronavirus not elections and that he should not endanger people's lives in a "hurry" to hold the assembly polls.

"The coronavirus situation in Bihar is worsening like it is in many other states of the country. But a big part of government machinery and resources are busy making preparation for the polls.

"Nitish Kumar ji, this isn't time to fight elections but the coronavirus. Don't endanger people's lives in this hurry to hold the polls," he tweeted.

Kishor, once a confidant of the JD(U) president before he turned a critic and was expelled from the party, joins leaders like LJP chief Chirag Paswan and RJD's Tejashwi Yadav in suggesting that the Bihar assembly polls should be deferred due to the pandemic.

Polls in Bihar are due in October-November but the Election Commission has so far not made any official announcement about its schedule.

The BJP and the JD(U) have been holding organisational meetings and said that they are ready for the elections.

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