More than 200 killed as strong quake rocks Iran-Iraq border

Agencies
November 13, 2017

Tehran, Nov 13: More than 200 people were killed and hundreds more injured when a 7.3-magnitude earthquake shook the mountainous Iran-Iraq border triggering landslides that hindered rescue efforts, officials said Monday.

The quake hit 30 kilometres (19 miles) southwest of Halabja in Iraqi Kurdistan at around 9.20 pm (1820 GMT) on Sunday, when many people would have been at home, the US Geological Survey said.

On Monday morning, Iran gave an provisional toll of more than 200 dead, while only six others were reported killed on the Iraq side of the border.

"There are 207 dead and around 1,700 injured", all in Iran's province of Kermanshah, Behnam Saidi, the deputy head of the Iranian government's crisis unit set up to handle the response to the quake, told state television.

Mojtaba Nikkerdar, the deputy governor of Kermanshah, said authorities there were "in the process of setting up three emergency relief camps".

Iran's emergency services chief Pir Hossein Koolivand said it was "difficult to send rescue teams to the villages because the roads have been cut off... there have been landslides".

The official IRNA news agency said 30 Red Cross teams had been sent to the quake zone, parts of which had experienced power cuts.

In Iraq, officials said the quake had killed six people in the northern province of Sulaimaniyah and injured around 150.

Footage posted on Twitter showed panicked people fleeing a building in Sulaimaniyah, as windows shattered at the moment the quake struck, while images from the nearby town of Darbandikhan showed major walls and concrete structures had collapsed.

In Sulaimaniyah, residents ran out onto the streets and some damage to property was reported.

"Four people were killed by the earthquake" in Darbandikhan, the town's mayor Nasseh Moulla Hassan said.

A child and an elderly person were killed in Kalar, according to the director of the hospital in the town about 70 kilometres (40 miles) south of Darbandikhan, and 105 people injured.

The quake, which struck at a relatively shallow depth of 25 kilometres, was felt for about 20 seconds in Baghdad, and for longer in other provinces of Iraq, AFP journalists said.

On the Iranian side of the border, the tremor shook several cities in the west of the country including Tabriz.

It was also felt in southeastern Turkey, "from Malatya to Van", an AFP correspondent said. In the town of Diyarbakir, residents were reported to have fled their homes.

The quake struck along a 1,500 kilometre fault line between the Arabian and Eurasian tectonic plates, a belt extending through western Iran and into northeastern Iraq.

The area sees frequent seismic activity. In 1990, a 7.4-magnitude quake near the Caspian sea in northern Iran killed 40,000 people and left 300,000 more injured and half a million homeless. Within seconds the quake reduced dozens of towns and nearly 2,000 villages to rubble.

Thirteen years later, a catastrophic quake struck the ancient southeast Iranian city of Bam, famed for its mud brick buildings, killing at least 31,000 people and flattening swathes of the city.

Since then, Iran has experienced at least two major quake disasters, one in 2005 that killed more than 600 and another in 2012 that left some 300 dead.

More recently, a 5.7-magnitude earthquake near Iran's border with Turkmenistan in May killed two people, injured hundreds and caused widespread damage.

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News Network
June 12,2020

Jun 12: The global number of COVID-19 cases has increased to over 7.5 million, while the death toll was nearing 421,000, according to the Johns Hopkins University.

As of Friday morning, the overall number of cases stood at 7,500,777, while the deaths increased to 420,993, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

The US continues with the world's highest number of confirmed cases and deaths at 2,022,488 and 113,803, respectively, according to the CSSE.

In terms of cases, Brazil comes in the second place with 802,828 infections.

This was followed by Russia (501,800), the UK (292,860), India (286,605), Spain (242,707), Italy (236,142), Peru (214,788), France (192,493), Germany (186,691), Iran (180,156), Turkey (174,023), Chile (154,092), Mexico (133,974), Pakistan (125,933) and Saudi Arabia (116,021), the CSSE figures showed.

Regarding fatalities, the UK continues in the second position after the US with 41,364 COVID-19 deaths, which also accounts for the highest number of fatalities in Europe.

The other countries with over 10,000 deaths are Brazil (40,919), Italy (34,167), France (29,349), Spain (27,136) and Mexico (15,944).

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Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

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JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

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News Network
March 16,2020

New Delhi, Mar 16: Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.

They said Ambani was asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are among the big entities whose loans went bad after borrowing from the crisis-hit bank.

The officials said Ambani, 60, has sought exemption from appearance on some personal grounds and he may be issued a new date.

Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPAs.

Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to.

Officials said promoters of all the big companies who had taken large loans from the beleaguered bank which later turned bad are being summoned for questioning in the case to take investigation forward.

Ambani's statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition, they said.

Kapoor, 62, is at present in ED custody after he was arrested by the central probe agency early this month.

The ED has accused Kapoor, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned NPA.

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