River Jhelum crosses danger mark in Srinagar, flood alert issued

March 30, 2015

Srinagar, Mar 30: Jhelum river crossed danger level in Srinagar and Sangam area of south Kashmir on Monday with heavy rains lashing most parts of the state which sounded a flood alert asking people to move to safer places.

River Jhelum

A senior official said water level of river Jhelum at 6 AM on Monday at Sangam (South Kashmir) and Ram Munshi Bagh (Srinagar city) has touched 22.4 feet and 18.8 feet respectively. Danger level at Sangam is 21 feet and at Ram Munshi Bagh it is 18 feet.

The alert was issued by the government after water level rose rapidly in the Jhelum river due to incessant rain over the past 24 hours.

Chief minister Mufti Mohammad Sayeed flew in from Jammu to take stock of the situation, schools and college exams scheduled for Monday and Tuesday were cancelled and control rooms set up in the Valley. The metrological department said there was no fear of floods but issued an avalanche alert for upper reaches.

“The entire administration is on alert,” Kashmir divisional commissioner Gazanfar Hussain said.

The CM asked the army, which led the relief and rescue operation the last time, to provide men and machinery to the administration for effectively countering the situation.

Hundreds of residents in Pulwama and Srinagar districts shifted to safer locations. Several areas in south Kashmir’s Shopian and Kulgam were cut off after flash floods washed away bridges.

Kashmir has been witnessing heavy rainfall since Saturday, leading to sudden rise in water levels of rivers, streams and rivulets.

Several houses were damaged in Budgam in central Kashmir, where 221 families were moved to higher planes. Fifteen more families were evacuated elsewhere.

In the state capital of Srinagar, fear was palpable in the commercial hub of Lal Chowk, which was wrecked in September floods, the worst to hit the Valley in 100 years that left 200 people dead. Water-logging and rising levels of the Jhelum river forced businessmen to move out merchandise. Dozens of residents shifted to higher planes.

“We have decided to shift from our house and cleared shops of goods,” Firdous Wani, a local trader, said.

The water level in the Jhelum crossed 16 feet at the Ram Minshibagh gauge at 10pm -- the danger mark is 18 feet -- while at Sangam it crossed 18 feet, as against danger mark of 23 feet. Authorities raised the alarm level to orange, which signals flood alert.

A swollen Jhelum had wrecked havoc in the summer, washing away homes and businesses, many of which remain close till date. The Jhelum suddenly rose to 14.20 feet, just four feet below danger mark, at Srinagar’s Ram Munshi bagh. Like the last time, those living close on its banks moved to the top – mostly third – floors of their homes.

“All emergency services have been pressed into service to meet the eventuality of a flood,” Srinagar deputy commissioner Farooq Ahmad Lone said.

He advised people living along the banks of Jhelum to remain vigilant and shift the elderly and children to safer places.

The meteorological department said rain would continue till April 4 but downplayed flood fears. “Another western disturbance, though weaker, is likely to hit on April 2. I don’t think we are facing flood situation (like September). Though mountain streams can cause landslides,” meteorological department director Sonum Lotus.

He also warned of heavy rain at some places with snow in the higher reaches during the next 12 hours. A four-member ministerial team has been asked to stay put in the Valley.

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News Network
April 12,2020

Hyderabad, Apr 12: Indicating that prolonged lockdown to contain coronavirus spread may lead to job cuts in the Indian IT industry, NASSCOM former president R Chandrashekhar has said that the work-from-home culture may become a positive development in the long run as it opens up newer avenues and save investments by IT firms.

The former bureaucrat also said startups which are surviving on funds infused by venture capitalists may face tougher situations if the present scenario deteriorates.

"The larger companies may not be actually cutting jobs for two reasons. One is that they do not want to lose their employees and they have money to pay. Many of them ( big companies), even if they do shed some jobs it might be at the most people who are on temporary or intern type and all. But they would not want regular and permanent employees to go. So as long as they have sufficient flexibility in their books, they would continue," said NASSCOM former president.

"But beyond a point that it goes on, for let us say, two months or three months, then even for them, they will feel the pressure. They may not just keep on providing subsidies to the employees. So the key question will be how long that goes on," Chandrasekhar said.

He also said the work-from-home systems being adopted by several firms across the globe, including India, may have a negative impact on the industry in the short-term, but in the long run it would change the work culture which hitherto was not experienced by many of the IT firms in India.

 On impact of the prolonged lockdown on startups, he said it would be a big challenge for the budding enterprises as the investments they get are based on their ideas and future revenues and the present situation under which peoples movement is curbed may shackle their progress.

 "Where will they (startups) get money to pay salaries to their employees. Venture capital investors would not pay the money or invest their money to pay salaries because they are not in the charity business."

If the employees are not paid and if they leave and it is difficult for the startup againto come up. So the whole investment plan goes for a toss, he said.

Former chairman of NASSCOM, B V R Mohan Reddy said a clear picture as to what is going to happen has not yet emerged as the situation with all respects is still evolving. Reddy said there will be a demand shrinkage for the IT industry as the entire world is under stress. "There is no economy in this world that is going to do well in this situation.

So, therefore, there will be a demand shrinkage, he said, indicating tougher times of the industry ahead.

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Agencies
July 21,2020

New Delhi, Jul 21: The Supreme Court has asked the Ministry of Finance to look into a plea which claimed a loss of hundreds of crore every day, as the public sector banks are not invoking personal guarantees of big corporates who have defaulted on loans.

A bench comprising Justice R. F. Nariman and Navin Sinha asked the petitioners, Saurabh Jain and Rahul Sharma, who filed the PIL, to move the Finance Ministry with a representation within two weeks. The top court observed that the issue is important and the ministry should respond after the petitioner has made the representation before it. The matter had come up for hearing on Monday.

"We are of the view that at page 115 of the Writ Petition it has been made clear that the Ministry of Finance itself has, by a Circular, directed personal guarantees issued by promoters/managerial personnel to be invoked. According to the petitioners, despite this Circular, Public Sector Undertakings continue not to invoke such guarantees resulting in huge loss not only to the public exchequer but also to the common man", said the bench in its order.

Senior advocate Manan Mishra and advocate Durga Dutt, represented the petitioners.

Mishra contended before the bench that the statistics establish the public sector banks incurred a loss of approximately Rs 1.85 lakh crore in a financial year, and the banks did not take action to invoke personal guarantees of the biggest corporate defaulters.

The bench observed that since the petitioners claim the public sector undertakings are not complying with this circular, "We think you should first go to the ministry," said the bench.

Mishra argued before the bench that the loans from a common man are recovered through a mechanism where officials go through even the minutest detail, but promoters, chairpersons and other senior level functionaries of the big corporates find it convenient to get away by defaulting on loans.

The bench told the petitioner's counsel that the Finance Ministry has already issued a notification on this matter, and the petitioners should seek response from the ministry, and then move the top court. Mishra submitted before the bench to issue a direction to the Finance Ministry to give a response on their representation.

The bench said, "We allow the petitioners, at this stage, to withdraw this Writ Petition and approach the Ministry of Finance with a representation in this behalf. The representation will be made within a period of two weeks from today. The Ministry of Finance is directed to reply to the said representation within a period of four weeks after receiving such representation. With these observations, the petition is allowed to be withdrawn to do the needful."

Mishra contended before the bench seeking liberty to come back after a reply from the Finance Ministry. Justice Nariman said this option is open for petitioners after a decision has been taken by the ministry. "We will hear you", added Justice Nariman.

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News Network
May 6,2020

New Delhi, May 6: Around 39 crore people have received financial assistance of Rs 34,800 crore amid the COVID-19 lockdown under the Pradhan Mantri Garib Kalyan Package (PMGKP) as on May 5, the government said in a statement.

These people received the assistance, which was announced by Union Finance Minister Nirmala Sitharaman on March 26 to protect them from the impact of the lockdown due to COVID 19, via digital payment infrastructure.

The swift implementation of the free food grain and cash payment package under PMGKP is being continuously monitored by Central and state governments. Also, Fintech and digital technology have been employed for swift and efficient transfer to the beneficiary.

As per the data provided by the government, Rs 16,394 crore front-loaded towards payment of the first installment of PM-KISAN was provided to 8.19 crore beneficiaries.

Rs 10,025 crore credited to 20.05 crore (98.33 per cent) women Jan Dhan account holders as first installment and Rs 2,785 crore credited to 5.57 crore women in the second installment.

Further, Rs 1,405 crore was disbursed to about 2.82 crore old age persons, widows and disabled persons and Rs 3,492.57 crore financial support was given to 2.20 crore building and construction workers.

Moreover, foodgrain has been distributed, covering 60.33 crore beneficiaries in all 36 Union Territories and states till April and 12.39 crore beneficiaries by 22 states/UTs for May. Pulses have been distributed so far to 5.21 crore household beneficiaries out of 19.4 crore such beneficiaries.

Over 5 crore cylinders have been booked under the Pradhan Mantri Ujjwala Yojana (PMUY) and 4.82 crore free cylinders already delivered to beneficiaries.

While 9.6 lakh members of Employees' Provident Fund Organisation (EPFO) has taken benefit of online withdrawal of non-refundable advance from EPFO account amounting to Rs 2,985 crore, 24 per cent EPF contribution transferred to 44.97 lakh employees account amounting to Rs 698 crore.

In the current financial year, 5.97 crore person's man-days of work generated under MNREGA scheme and Rs 21,032 crore were released to states to liquidate pending dues of both wage and material.

Insurance scheme for health workers in government hospitals and health care centres has been operationalised by New India Assurance covering 22.12 lakh health workers.

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