More relief materials arrive at Cochin port

Agencies
August 21, 2018

Kochi, Aug 21: The Cochin Port Trust has earmarked two godowns for free storage of relief materials, arriving from across the country, for people affected by the unprecedented floods in Kerala, a port trust official said.

The first truck carrying relief materials, mobilised by all major ports under the Union Shipping Ministry, was dispatched through the VOC Port Trust in Tuticorin and will be arriving at the port here today, he said.

Four containers of relief materials sent by the shipping fraternity from Tuticorin under the initiative of the ministry was delivered for distribution yesterday, the official said.

The coastal crude vessel Swarna Godavari, with 50,000 MT of crude from Mumbai, was diverted by BPCL to the Cochin Port to meet the fuel demand of Kerala. It arrived yesterday, he said.

More relief materials from different parts of India have started arriving at the Cochin port through coastal shipping.

Naval Ship INS Deepak carrying relief materials from Mumbai had arrived at the Cochin port on Sunday with about 800 tonnes of fresh water and about 18 tonnes of provisions.

This ship will make another call at the port with relief materials tomorrow, the official said.

Incessant rains over the last few days have blurred the distinction between Kerala's backwaters and roads with sheets of water covering the landscape, but the state is facing shortage of potable water.

The Cochin Port Trust has earmarked two berths for priority berthing of vessels bringing flood relief materials to Kerala.

Two godowns have also been earmarked for storage of relief materials and medicines free of charges, he said.

The official said the Transworld Group has offered special coastal services of ships connecting ports at Hazira, Mundra, Kattupalli, Tuticorin, Pipavav, Kandla with Cochin for carrying flood relief materials from different parts of India.

The relief centre set up by the Cochin port at the Sir Robert Bristow Memorial School, Willingdon Island, houses at least 15 people from the flood affected Koonamavu area, 11 from Kothad, five from Alleppey and 19 from different areas near Cochin. In total 50 people, he said.

Doctors from the port trust hospital examined the inmates of the centre and medicines were provided.

Volunteer teams comprising staff of the Cochin Port, Customs, CISF and medical team from Cochin Port Trust Hospital are assisting the camp and extending necessary support.

Their family members are also volunteering

Earlier, the Cochin Port Trust had decided to contribute Rs 62 lakhs comprising Rs 31 lakh from employees' one day salary and Rs 31 lakh from Cochin Port Trust fund to the Chief Minister's Relief Fund.

Apart from this, the employees of Cochin Port Trust have also contributed Rs 65,000 (which they had collected for their Onam celebrations) for the relief work, he added.

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Agencies
July 30,2020

Mumbai, Jul 30: Counterfeiting incidents have increased 24 per cent in the country in 2019 over the previous year, creating an over Rs 1 lakh crore hole in the economy, according to a report.

The report also said counterfeiters are having a free run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand.

According to the report by ASPA, a self-regulated industry body of anti-counterfeiting and traceability solutions providers, counterfeiting has risen steadily in the last few years, and exploiting the pandemic as a cover for their activities.

Between February and April 2020, over 150 incidents of counterfeiting cases were reported, mostly about fake PPE kits, sanitisers and masks taking advantage of the high demand for these products, it noted.

"There was a 24 per cent increase in counterfeiting in 2019 over 2018, leading to the loss of more than Rs 1 lakh crore to the overall economy," said Nakul Pasricha, president of Authentication Solution Providers Association.

The association works with global authorities like the International Hologram Manufacturers Association, Counterfeit Intelligence Bureau of the Interpol, and domestic industry lobbies like Ficci, he said.

Counterfeiting is a universal issue and is 3.3 per cent of global trade, according to the OECD data, impacting social and economic development across the world.

The report lists the currency, FMCG, alcohol, pharma, documents, agriculture, infrastructure, automotive, tobacco, lifestyle and apparel, as the 10 sectors impacted most by counterfeiting.

Among these, currency, alcohol and FMCG continue to be the top three sectors with the highest counterfeiting in the last two years. The FMCG sector is most vulnerable, as counterfeit incidents rose 63 per cent between 2018 (79) and 2019 when the reported cases jumped to 129.

Within the states, the fakers have a free run in Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Bengal, Punjab, Jharkhand, Delhi, Gujarat, and Uttarakhand, calling for urgent actions to frame anti-counterfeiting policy measures.

According to the report, UP continues to be on top followed by Bihar, Rajasthan, and together these three states represent almost 45 per cent of all counterfeiting reported in the last two years.

What is more alarming is that counterfeiting is not limited to high-end luxury items today, as common everyday items as fake cumin seeds, mustard cooking oil, ghee, hair oils, soaps, baby care vaccines and medicines are aplenty in the markets.

"There is an urgent need for building and nurturing authentication ecosystems in the country with the active involvement and active participation of all stakeholders," said Pasricha.

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News Network
February 28,2020

Feb 28: Market benchmark Sensex plummeted over 1,100 points, wiping off over Rs 5 lakh crore investor wealth, in opening session on Friday amid a massive selloff in global equities as rising coronavirus cases outside China stoked fears of a pandemic that could dent world growth.

The 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, while the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.

All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries.

In the previous session, the Sensex settled 143.30 points, or 0.36 per cent, lower at 39,745.66, and the Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30.

According to analysts, till last week the market was of the view that coronavirus was going to have minimum impact on global economy as situation in China was being contained. But the increase in the number of new cases is changing the view and investors are worried about an intense slowdown.

Further, incessant selling by foreign investors is also spooking domestic market participants, traders said.

On a net basis, foreign institutional investors sold equities worth Rs 3,127.36 crore on Thursday, data available with stock exchanges showed.

Stock exchanges in Shanghai, Hong Kong, Seoul and Tokyo plunged up to 4 per cent in their morning sessions.

On Wall Street, the Dow Jones Industrial Average dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1 per cent.

The S&P 500 has now plunged 12 per cent from the all-time high it set just a week ago.

World oil prices too tumbled by more than 4 per cent overnight as traders fretted about the impact of spreading coronavirus on crude demand, particularly from key consumer China.

Brent crude oil futures fell another 2.47 per cent to USD 50.45 per barrel early in the day.

The rupee depreciated 28 paise to 71.89 against the US dollar in morning session.

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News Network
February 28,2020

Feb 28: Life was limping back to normalcy in some parts of the riot-hit northeast Delhi, with police and paramilitary personnel maintaining strict vigil in view of Friday prayers at mosques.

Police officers said they were also making extra efforts to quell rumours, and holding regular flag marches and interactions in the neighbourhoods of affected areas as confidence-building measures.

In some areas of northeast Delhi, signs of normal life were witnessed with opening of shops. In violence-hit areas also, shops in streets and bylanes were open.

Nearly 7,000 paramilitary forces have been deployed in the affected areas of the northeast district since Monday. Besides, hundreds of Delhi police personnel are on the ground to maintain peace and prevent any untoward incident.

At least 38 were killed and over 200 injured in the communal clashes that broke out in northeast Delhi on Monday after violence between citizenship law supporters and protesters spiralled out of control The areas affected include Jaffrabad, Maujpur, Chand Bagh, Khureji Khas and Bhajanpura..

The Union Home Ministry had said on Thursday night that no major incident was reported from the northeast district in the past 36 hours, It had said that prohibitory orders imposed under Section 144 would be relaxed for 10 hours in view of improvement in the situation.

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